SOL Strategies (STKE) Operating Expenses (2024 - 2025)

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

SOL Strategies (STKE) Operating Expenses (2024 - 2025) Analysis & Trends

SOL Strategies has disclosed Operating Expenses across 3 years of filings, most recently posting $386258.8 for 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 slipped to $386258.8 in Q1 2026, from $5.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for STKE reached as high as $5.5 million in Q4 2025 and fell as low as $81721.0 in Q2 2024.
  • The 3-year median for Operating Expenses is $288077.7 (2025), against an average of $1.2 million.
  • The widest YoY moves for Operating Expenses: up 2222.16% in 2025, down 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 slumped by 93.03% to $386258.8 in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $386258.8, $5.5 million, and $189896.6 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 SOL Strategies - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 5.54 Mn
Sep 30, 2025 189,896.61
Jun 30, 2025 1.90 Mn
Dec 31, 2024 929,197.95
Sep 30, 2024 141,418.46
Jun 30, 2024 81,721.04