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

SOL Strategies (STKE) reported 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 3 years of Operating Expenses data on file, last reported at $386258.8 in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $386258.8, up 168.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.0 million (up 518.61% YoY), and the FY2025 annual result was $43.1 million, up 2274.06% from the prior year.
  • Operating Expenses fell to $386258.8 in Q1 2026 per STKE's latest filing, from $5.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $5.5 million in Q4 2025 and troughed at $81721.0 in Q2 2024.
  • A 3-year average of $1.2 million and a median of $288077.7 in 2025 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 2222.16% in 2025 and fell as far as 34.28% in 2025.
  • A 3-year view of Operating Expenses shows it stood at $929198.0 in 2024, then soared by 496.53% to $5.5 million in 2025, then plunged 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 242.35 Mn

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