Solana Company Financials
Solana Company (HSDT) reported $6.0M in revenue for fiscal year 2025, up 1057.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 became a balance-sheet transformation, with capital raised and redeployed into assets far outpacing what the underlying business generates.
FY2025 looks like a financing-and-deployment year:$449.2M of financing cash was followed by$426.5M of investing outflow. Because assets ended at$303.9M while liabilities were only$3.0M , the balance sheet was rebuilt mainly with equity capital, so the asset jump reflects capital allocation more than a sudden step-change in the operating business.
The operating engine still does not fund itself: revenue was only
Product-level economics improved sharply, as gross margin swung from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Solana Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Solana Company's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Not available for Solana Company, and counted as zero in the overall score.
Solana Company carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 10.33, Solana Company holds $10.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Not available for Solana Company, and counted as zero in the overall score.
Solana Company posts a -13.6% return on equity (ROE), meaning it loses $14 for every $100 of shareholders' equity. This results in a returns score of 6/100. This is up from -1104.8% the prior year.
Solana Company scores 18.88, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($112.5M) relative to total liabilities ($3.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Solana Company passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Solana Company reported a net loss of $40.9M while operations used $16.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Solana Company generated $6.0M in revenue in fiscal year 2025. This represents an increase of 1057.1% from the prior year.
Solana Company reported -$40.9M in net income in fiscal year 2025. This represents a decrease of 249.6% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Solana Company held $7.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Solana Company's gross margin was 91.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 103.6 percentage points from the prior year.
Solana Company's ROE was -13.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1091.2 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Solana Company invested $3.5M in research and development in fiscal year 2025. This represents a decrease of 4.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
HSDT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1M | $6.0M+1057.1% | $520K-19.3% | $644K-18.2% | $787K+50.8% | $522K-21.0% | $661K-55.8% | $1.5M+213.0% | $478K | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $540K | $500K-14.1% | $582K-0.2% | $583K+25.9% | $463K+55.4% | $298K-23.2% | $388K-54.1% | $846K | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $11.5M | $5.5M+8998.4% | -$62K-201.6% | $61K-81.2% | $324K+44.6% | $224K-17.9% | $273K-58.0% | $650K+36.0% | $478K | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $3.5M-4.0% | $3.7M+24.4% | $2.9M-31.0% | $4.3M-28.8% | $6.0M+30.7% | $4.6M-43.2% | $8.1M-18.9% | $9.9M-30.9% | $14.4M+294.6% | $3.6M-19.0% | $4.5M+2519.7% | $172K-96.0% | $4.3M |
| SG&A Expenses | $34.0M | $23.1M+127.1% | $10.2M+9.8% | $9.3M-12.9% | $10.6M-12.6% | $12.2M+25.3% | $9.7M-41.2% | $16.5M-4.0% | $17.2M+103.3% | $8.5M+49.3% | $5.7M+6.8% | $5.3M+65137.4% | $8K+1588.2% | $482 |
| Operating Income | -$368.8M | -$243.8M-1653.9% | -$13.9M-11.9% | -$12.4M+19.9% | -$15.5M+14.5% | -$18.1M-26.1% | -$14.4M+40.0% | -$24.0M+10.0% | -$26.7M-16.7% | -$22.9M-145.3% | -$9.3M | N/A | -$1.1M+87.5% | -$8.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $47K-73.4% | $176K | $0 | $0 |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$157.3M | -$40.9M-249.6% | -$11.7M-31.5% | -$8.9M+36.8% | -$14.1M+22.4% | -$18.1M-28.3% | -$14.1M-44.5% | -$9.8M+65.8% | -$28.6M-2.1% | -$28.0M-307.2% | -$6.9M | N/A | -$1.1M+87.5% | -$8.5M |
| EPS (Diluted) | — | -$1.85 | -$3282.26 | -$14.56 | -$52.13 | -$7.38 | -$11.80 | -$12.99 | -$1.26 | N/A | -$0.12+29.4% | -$0.17 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HSDT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $303.9M+8480.7% | $3.5M-54.0% | $7.7M-55.5% | $17.3M+22.6% | $14.1M+115.4% | $6.5M-36.7% | $10.3M-62.8% | $27.8M+308.7% | $6.8M+68.5% | $4.0M+232.2% | $1.2M+285.0% | $316K | N/A |
| Current Assets | $31.2M+809.9% | $3.4M-54.0% | $7.4M-55.5% | $16.7M+32.6% | $12.6M+168.8% | $4.7M-35.3% | $7.2M-73.1% | $27.0M+307.4% | $6.6M+63.8% | $4.0M+232.2% | $1.2M+285.0% | $316K | N/A |
| Cash & Equivalents | $7.3M+569.3% | $1.1M-79.0% | $5.2M-64.4% | $14.5M+32.2% | $11.0M+230.4% | $3.3M-39.0% | $5.5M-78.7% | $25.6M+360.0% | $5.6M+110.4% | $2.6M+531.2% | $419K+2523.3% | $16K+7258.5% | $217 |
| Inventory | $1.1M+8.2% | $1.0M+126.7% | $457K-22.4% | $589K+23.7% | $476K+22.4% | $389K-34.9% | $598K+52.6% | $392K | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $70K-40.2% | $117K+64.8% | $71K+7.6% | $66K-10.8% | $74K-64.8% | $210K+18.6% | $177K-74.9% | $704K+76.4% | $399K+4418.4% | $9K | $0 | N/A |
| Goodwill | N/A | N/A | N/A | N/A | $763K+0.5% | $759K-38.9% | $1.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0M+21.5% | $2.5M-53.5% | $5.3M-41.5% | $9.1M+221.0% | $2.8M+6.4% | $2.7M-40.7% | $4.5M-74.9% | $18.0M+25.7% | $14.3M+252.5% | $4.1M+46.0% | $2.8M+375.9% | $584K | N/A |
| Current Liabilities | $3.0M+39.4% | $2.2M+15.1% | $1.9M-5.5% | $2.0M-25.1% | $2.7M+9.4% | $2.4M-36.2% | $3.8M-78.8% | $18.0M+25.7% | $14.3M+252.5% | $4.1M+238.7% | $1.2M+105.1% | $584K | N/A |
| Total Equity | $300.9M+28314.8% | $1.1M-54.9% | $2.4M-71.2% | $8.2M-27.6% | $11.3M+190.8% | $3.9M-33.7% | $5.8M-40.8% | $9.9M+231.6% | -$7.5M-49833.3% | -$15K+99.0% | -$1.6M-483.2% | -$268K-3313.7% | -$8K |
| Retained Earnings | -$212.6M-23.8% | -$171.7M-7.3% | -$160.0M-5.9% | -$151.1M-10.3% | -$137.0M-15.2% | -$118.9M-13.5% | -$104.8M-10.3% | -$95.0M-43.1% | -$66.4M-152.3% | -$26.3M-35.4% | -$19.4M-102.6% | -$9.6M | N/A |
Not reported in any period shown, so not listed: Long-Term Debt.
HSDT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$26.9M | -$16.5M-49.6% | -$11.0M-6.0% | -$10.4M+27.2% | -$14.3M-6.9% | -$13.4M-14.1% | -$11.7M+44.1% | -$21.0M-7.0% | -$19.6M-1.5% | -$19.3M-143.5% | -$7.9M | N/A | -$349K-2802.4% | -$12K |
| Capital Expenditures | N/A | N/A | $5K-82.8% | $29K+70.6% | $17K-68.5% | $54K-14.3% | $63K-77.3% | $278K-36.8% | $440K+131.6% | $190K | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | -$11.0M-5.8% | -$10.4M+27.1% | -$14.3M-6.6% | -$13.4M-13.9% | -$11.8M+44.5% | -$21.3M-6.1% | -$20.1M-2.8% | -$19.5M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$415.6M | -$426.5M-8530540.0% | -$5K+82.8% | -$29K-163.6% | -$11K+80.4% | -$56K-522.2% | -$9K+98.8% | -$769K-74.8% | -$440K-131.6% | -$190K-150.3% | $378K+200.0% | -$378K | $0 | $0 |
| Financing Cash Flow | $440.1M | $449.2M+6360.2% | $7.0M+545.7% | $1.1M-94.0% | $17.9M-15.4% | $21.1M+119.2% | $9.6M+483.1% | $1.7M-95.9% | $40.0M+80.2% | $22.2M+129.3% | $9.7M | N/A | $364K+2879.7% | $12K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HSDT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.7%+103.6pp | -11.9%-21.4pp | 9.5%-31.7pp | 41.2%-1.7pp | 42.9%+1.6pp | 41.3%-2.2pp | 43.5%-56.5pp | 100.0% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -4052.5% | -2673.7% | -1929.8% | -1971.5% | -3475.5% | -2176.4% | -1604.0% | -5580.5% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -679.7% | -2250.0% | -1382.0% | -1788.1% | -3473.6% | -2137.7% | -653.8% | -5988.1% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -13.6%+1091.2pp | -1104.8%-726.1pp | -378.7%-206.1pp | -172.6%-11.5pp | -161.1%+203.9pp | -365.0%-197.4pp | -167.6%+122.8pp | -290.5% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -13.5%+316.9pp | -330.3%-214.6pp | -115.7%-34.3pp | -81.4%+47.2pp | -128.6%+87.2pp | -215.8%-121.3pp | -94.5%+8.3pp | -102.9%+308.7pp | -411.6%-241.3pp | -170.3% | N/A | -337.8% | N/A |
| Current Ratio | 10.33+8.7x | 1.58-2.4x | 3.96-4.4x | 8.40+3.7x | 4.75+2.8x | 1.930.0x | 1.90+0.4x | 1.50+1.0x | 0.46-0.5x | 1.000.0x | 1.02+0.5x | 0.54 | N/A |
| Debt-to-Equity | 0.01-2.3x | 2.34+0.1x | 2.27+1.2x | 1.12+0.9x | 0.25-0.4x | 0.69-0.1x | 0.77-1.1x | 1.82 | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | -2124.2% | -1621.9% | -1820.5% | -2575.1% | -1785.3% | -1422.3% | -4196.9% | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Solana Company Ranks
Frequently Asked Questions
What is Solana Company's annual revenue?
Solana Company (HSDT) reported $6.0M in total revenue for fiscal year 2025. This represents a 1057.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solana Company's revenue growing?
Solana Company (HSDT) revenue grew by 1057.1% year-over-year, from $520K to $6.0M in fiscal year 2025.
Is Solana Company profitable?
No, Solana Company (HSDT) reported a net income of -$40.9M in fiscal year 2025.
What is Solana Company's gross margin?
Solana Company (HSDT) had a gross margin of 91.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Solana Company's return on equity (ROE)?
Solana Company (HSDT) has a return on equity of -13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Solana Company's operating cash flow?
Solana Company (HSDT) recorded an outflow of $16.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Solana Company's total assets?
Solana Company (HSDT) had $303.9M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Solana Company spend on research and development?
Solana Company (HSDT) invested $3.5M in research and development during fiscal year 2025.
What is Solana Company's current ratio?
Solana Company (HSDT) had a current ratio of 10.33 as of fiscal year 2025, which is generally considered healthy.
What is Solana Company's debt-to-equity ratio?
Solana Company (HSDT) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solana Company's return on assets (ROA)?
Solana Company (HSDT) had a return on assets of -13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Solana Company's cash runway?
Based on fiscal year 2025 data, Solana Company (HSDT) had $7.3M in cash against an annual operating cash burn of $16.5M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Solana Company's Altman Z-Score?
Solana Company (HSDT) has an Altman Z-Score of 18.88, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Solana Company's Piotroski F-Score?
Solana Company (HSDT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solana Company's earnings high quality?
Solana Company (HSDT) reported a net loss of $40.9M while operations used $16.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Solana Company?
Solana Company (HSDT) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.