Solana (HSDT) Work In Process (2019 - 2025)
Solana (HSDT) recorded Work In Process of $370,000 in Q4 2025, down 7.0% from $398,000 a year earlier and unchanged from the prior quarter.
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Analysis
Solana (HSDT) Work In Process (2019 - 2025) Analysis & Trends
Starting with Q1 2019, Solana's Work In Process history includes 19 quarters.
- Annual Work In Process has a four-year compound annual growth rate of -8.5% (FY2021 to FY2025).
- Across earlier years, Work In Process came in at $398,000 in FY2024 (+494.0%), $67,000 in FY2023 (-76.4%), $284,000 in FY2022 (-46.2%) and $528,000 in FY2021.
- Quarterly Work In Process has ranged from $62,000 in Q1 2024 to $528,000 in Q4 2021 over the past five years.
- On a year-over-year basis, Work In Process has declined for three consecutive quarters, with growth averaging 170.3% over the last eight quarters.
- Peak year-over-year performance for Work In Process in the last five years was growth of 530.6% in Q1 2025, against a decline of 77.2% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $370,000 (Q3 2025), $379,000 (Q2 2025) and $391,000 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn |
| 10 | Solana | 188.63 Mn | 49.20 Mn | 2.45 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 |
API Access
Solana Work In Process API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=work-in-process&ticker=HSDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "ticker": "HSDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=work-in-process&ticker=HSDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();