SOL Strategies (STKE) Operating Expenses (2024 - 2026)

SOL Strategies (STKE) posted quarterly Operating Expenses of $386258.8 for Q1 2026, up 168.98% year-over-year from $143600.3 in Q1 2025, and down 93.03% quarter-over-quarter from $5.5 million in Q4 2025.

SOL Strategies (STKE) Operating Expenses (2024 - 2026) Analysis & Trends

SOL Strategies (STKE) has reported Operating Expenses for 3 consecutive years, with $386258.8 the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 168.98% year-over-year to $386258.8; the TTM figure through Mar 2026 stood at $8.0 million (up 518.61% YoY), while the FY2025 annual figure was $43.1 million, up 2274.06% from the prior year.
  • Operating Expenses eased to $386258.8 in Q1 2026 per STKE's latest filing, from $5.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.5 million in Q4 2025 and bottomed at $81721.0 in Q2 2024.
  • Historically, Operating Expenses has averaged $1.2 million across 3 years, with a median of $288077.7 in 2025.
  • On a YoY basis, Operating Expenses climbed as much as 2222.16% in 2025 and fell as far as 34.28% in 2025.
  • SOL Strategies' Operating Expenses stood at $929198.0 in 2024, then jumped by 496.53% to $5.5 million in 2025, then sank by 93.03% to $386258.8 in 2026.
  • Business Quant data shows STKE's Operating Expenses at $386258.8 in Q1 2026, $5.5 million in Q4 2025, and $189896.6 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 SOL Strategies 38.15 Mn -44,232.52 Bn - 386,258.80

Historic Data

Download Data
DateValue
Mar 31, 2026 386,258.80
Dec 31, 2025 5.54 Mn
Sep 30, 2025 189,896.61
Jun 30, 2025 1.90 Mn
Mar 31, 2025 143,600.34
Dec 31, 2024 929,197.95
Sep 30, 2024 141,418.46
Jun 30, 2024 81,721.04