Solana (HSDT) Work In Process (2019 - 2025)
Solana's (HSDT) quarterly Work In Process came in at $370000.0 in Q4 2025, down 7.04% year-over-year from $398000.0 in Q4 2024, and little changed quarter-over-quarter from $370000.0 in Q3 2025.
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Analysis
Solana (HSDT) Work In Process (2019 - 2025) Analysis & Trends
Solana has disclosed Work In Process across 6 years of filings, most recently posting $370000.0 for Q4 2025.
- In Q4 2025, Work In Process fell 7.04% year-over-year to $370000.0; the TTM figure through Dec 2025 stood at $370000.0 (down 7.04% YoY), while the FY2025 annual figure was $370000.0, down 7.04% from the prior year.
- Work In Process came in at $370000.0 for Q4 2025 at Solana, roughly flat from $370000.0 in the prior quarter.
- In the past five years, Work In Process ranged from a high of $528000.0 in Q4 2021 to a low of $62000.0 in Q1 2024.
- Average Work In Process over 5 years is $302312.5, with a median of $359500.0 recorded in 2022.
- Year-over-year, Work In Process tumbled 77.21% in 2024 and soared 530.65% in 2025.
- Over 5 years, Work In Process stood at $528000.0 in 2021, then plunged by 46.21% to $284000.0 in 2022, then sank by 76.41% to $67000.0 in 2023, then soared by 494.03% to $398000.0 in 2024, then declined by 7.04% to $370000.0 in 2025.
- Per Business Quant data, the three most recent Work In Process figures were $370000.0 in Q4 2025, $370000.0 in Q3 2025, and $379000.0 in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Circle Internet | 21.16 Bn | 19.43 Bn | 288.85 Mn |
| 2 | Galaxy Digital | 9.54 Bn | 8.88 Bn | 8.38 Bn |
| 3 | Gemini Space Station | 573.86 Mn | 385.24 Mn | - |
| 4 | Solana | 177.06 Mn | 173.41 Mn | 2.45 Mn |
| 5 | Empery Digital | 85.45 Mn | 85.45 Mn | -68,184.00 |
| 6 | Metalpha Technology Holding | 40.05 Mn | 36.11 Mn | - |
| 7 | Fold Holdings | 29.71 Mn | 1.31 Mn | 5.36 Mn |
| 8 | Amber International Holding | 28.97 Mn | -4.44 Mn | 11.06 Mn |
| 9 | Fabric.AI | 10.06 Mn | -11.61 Mn | - |
| 10 | CEA Industries | 7.41 Mn | 324,022.19 | 1.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 370,000.00 |
| Sep 30, 2025 | 370,000.00 |
| Jun 30, 2025 | 379,000.00 |
| Mar 31, 2025 | 391,000.00 |
| Dec 31, 2024 | 398,000.00 |
| Sep 30, 2024 | 375,000.00 |
| Jun 30, 2024 | 388,000.00 |
| Mar 31, 2024 | 62,000.00 |
| Dec 31, 2023 | 67,000.00 |
| Sep 30, 2023 | 87,000.00 |
| Jun 30, 2023 | 199,000.00 |
| Mar 31, 2023 | 272,000.00 |
| Dec 31, 2022 | 284,000.00 |
| Sep 30, 2022 | 318,000.00 |
| Jun 30, 2022 | 349,000.00 |
| Dec 31, 2021 | 528,000.00 |
| Sep 30, 2019 | 74,000.00 |
| Jun 30, 2019 | 73,000.00 |
| Mar 31, 2019 | 73,000.00 |