Solana (HSDT) Operating Margin (2019 - 2026)
Solana's (HSDT) quarterly Operating Margin came in at 2751.12% in Q1 2026, up 543460.0% year-on-year from N/an in Q1 2025, and up 28.46% quarter-over-quarter from 3845.73% in Q4 2025.
Solana (HSDT) Operating Margin (2019 - 2026) Analysis & Trends
Solana has disclosed Operating Margin across 8 years of filings, most recently posting 2751.12% for Q1 2026.
- Operating Margin for Q1 2026 came in at 2751.12%, up 543460.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3543.64% (down 283834.0% YoY), and the FY2025 annual result was 4052.52%, down 357829.0% from the prior year.
- Operating Margin came in at 2751.12% for Q1 2026 at Solana, up from 3845.73% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 5453.95% in Q4 2024 to a low of 10066.67% in Q2 2025.
- The 5-year median for Operating Margin is 2751.12% (2026), against an average of 2794.58%.
- Across the five-year window, Operating Margin surged 690495 bps in 2022 and slumped 929968 bps in 2025, its largest moves.
- Solana's Operating Margin stood at 977.66% in 2022, then surged by 626 bps to 5138.27% in 2023, then advanced by 6 bps to 5453.95% in 2024, then slumped by 171 bps to 3845.73% in 2025, then gained by 28 bps to 2751.12% in 2026.
- The last three Operating Margin figures came in at 2751.12% (Q1 2026), 3845.73% (Q4 2025), and 5086.08% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Solana | 165.46 Mn | 161.06 Mn | 3.44 Mn | -2,751.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2,751.12% |
| Dec 31, 2025 | -3,845.73% |
| Sep 30, 2025 | -5,086.08% |
| Jun 30, 2025 | -10,066.67% |
| Mar 31, 2025 | -8,185.71% |
| Dec 31, 2024 | 5,453.95% |
| Sep 30, 2024 | -7,980.39% |
| Jun 30, 2024 | -1,796.70% |
| Mar 31, 2024 | -2,754.84% |
| Dec 31, 2023 | 5,138.27% |
| Sep 30, 2023 | -2,204.90% |
| Jun 30, 2023 | -1,257.42% |
| Mar 31, 2023 | -3,432.43% |
| Dec 31, 2022 | -977.66% |
| Sep 30, 2022 | -2,476.02% |
| Jun 30, 2022 | -2,882.35% |
| Mar 31, 2022 | -2,402.11% |
| Dec 31, 2021 | -1,465.00% |
| Sep 30, 2021 | -4,287.25% |
| Jun 30, 2021 | -9,787.30% |