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| Date | Value |
|---|---|
| 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 |