Solana Company Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤$105.2 million net income, versus $352.8 million prior-year loss
- ➤$3.4 million revenue, up from $0.7 million year over year
- ➤$15 million offering priced 5% above NAV funded approximately 125 thousand SOL purchase
- ➤2.4 million SOL held, valued at approximately $288.2 million
- ➤$2.8 million Class A share repurchases brought year-to-date total to approximately $8.7 million
Expert Statements
Joseph Chee, Chairman, President, and Chief Executive Officer of Solana Company
“This was a milestone quarter for Solana Company. Our Pacific Backbone infrastructure went live, institutions entrusted us with a million SOL of third-party stake, and that confidence is already flowing through to our revenue. Every turn of our flywheel is now picking up speed. We are building the bridge that brings Asia’s financial institutions onto Solana, and with our new headquarters in Hong Kong, we will be building it right where the demand is. We could not be more excited about the road ahead.”
Cosmo Jiang, General Partner at Pantera Capital and board director at Solana Company
“The third quarter showed exactly what sets Solana Company apart. We beat the network’s staking yield by a full percentage point, and put both sides of our capital toolkit to work, buying back shares below NAV and raising capital above it. Owning SOL is a great start. Owning a company that keeps adding more SOL behind every share is even better, and that is the opportunity we are delivering for our shareholders.”
PHILADELPHIA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed digital asset treasury, infrastructure, and services company providing institutional access to the Solana ecosystem, today announced its results for the quarter ended September 30, 2026.
The third quarter was defined by streamlined operations and the expansion of its treasury holdings. The Company generated $3.4 million in revenue as its self-reinforcing flywheel began to turn, reducing operating costs to their lowest level yet. Headlining the quarter, the Company priced an approximately $15 million registered direct offering at a 5% premium to net asset value per share and used the proceeds to purchase approximately 125 thousand SOL.
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