HSDT · Solana Co
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 14, 2026TL;DR. Solana Company launched its first institutional validator cluster in Tokyo, secured a ~500,000 SOL third-party stake, divested the legacy PoNS medical device business, and acquired a Hong Kong trust company, while posting a $30.3 million net loss that included a $25.4 million realized loss on digital assets and trading at an mNAV of approximately 0.81x.
- + Generated $2.5 million in revenue with 97% gross margin, driven by staking
- + Net staking yield of 6.14% APY outperformed the network average of ~5.68% by 46 basis points
- + Completed divestiture of the cash-consuming PoNS medical device business, including a $3.1 million gain on sale
- + Launched the first institutional validator cluster in Tokyo and secured first third-party institutional SOL stake of ~500,000 SOL
- + Repurchased $2.3 million of shares (1.3 million shares) at a discount to NAV, with year-to-date buybacks of $5.9 million
- − Reported a $30.3 million net loss for Q2, or $0.38 per share, compared with a $9.8 million net loss in the prior-year period
- − Realized loss on digital assets of $25.4 million during the quarter from strategic SOL sales
- − Net operating expenses surged to $35.1 million from $3.3 million in the prior-year period
- − G&A expenses increased to $11.1 million from $3.3 million in the prior-year period, including $6.8 million of PoNS severance
- − Shares traded at a discount to NAV with mNAV of approximately 0.81x
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| gross margin | 97% | second quarter 2026 | — |
| net proceeds from registered direct offering | $7.9M | second quarter 2026 | — |
| shares retired during the quarter | 1.3M | second quarter 2026 | — |
| staking rewards (in SOL) | 31.2K | second quarter 2026 | — |
| year-to-date share repurchases | $5.9M | second quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HSDT
this stock
Solana Co
|
$177.75M | -9.0% | +1057.1% | — | 2.4% |
|
BLK
BlackRock, Inc.
|
$347.03B | -1.0% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -29.2% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -27.5% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -19.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HSDT | -10.5% | +11.9% | +29.6% | +0.4% | -9.0% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -10.3% | +12.4% | +17.4% | -0.5% | -21.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.