Solana Company (HSDT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HSDT SEC filings page.
Solana Company (HSDT) reported $12.1M in revenue over the twelve months to Jun 30, 2026, up 3992.2% from the prior twelve months. 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).
The latest accounts describe a capital-funded asset platform, not a self-financing operating business: assets expanded far faster than revenue.
The FY2025 balance sheet was overwhelmingly equity-dominant: liabilities were only$3.0M against assets of$303.9M . The funding pattern reinforces that structure, with financing providing$449.2M against$426.5M invested, while operations still produced negative cash flow.
Gross margin swung from
A 10.3x current ratio and only
Financial Health Signals
Scored against emerging 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 held $7.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $16.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Solana Company scores 19/100 among other emerging companies.
Solana Company had 55M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Solana Company scores 2/100 among other emerging companies.
Solana Company spent $3.5M on research and development in fiscal year 2025, which was 1.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Solana Company scores 11/100 among other emerging companies.
Solana Company reported revenue of $6.0M in fiscal year 2025, against $520K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Solana Company scores 92/100 among other emerging companies.
Solana Company's operations used $16.5M of cash in fiscal year 2025, against $11.0M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Solana Company scores 26/100 among other emerging companies.
Solana Company's cash, cash equivalents and investments came to $7.3M at the end of fiscal year 2025, against $3.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Solana Company scores 77/100 among other emerging companies.
Solana Company scores 30.83, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($172.5M) 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.
Solana Company reported an operating loss of $243.8M against $635K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Solana Company generated $2.5M in revenue in Q2 2026. This represents an increase of 5774.4% from the same quarter a year earlier. Against the prior quarter it is down 30.2%.
Solana Company reported -$30.3M in net income in Q2 2026. This represents a decrease of 207.7% from the same quarter a year earlier. Against the prior quarter it is up 69.7%.
Solana Company earned -$0.38 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 70.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
Solana Company held $3.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Solana Company's gross margin was 97.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is up 1.9 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Solana Company's ROE was -18.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 144.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 32.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Solana Company spent $2.3M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 33.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HSDT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5M+5774.4% | $3.6M+7289.8% | $5.2M+3339.5% | $697K+1266.7% | $43K-76.4% | $49K-63.7% | $152K+13.4% | $51K-64.3% |
| Cost of Revenue | $77K-19.8% | $180K+48.8% | $180K+16.9% | $103K-44.9% | $96K-18.6% | $121K-1.6% | $154K+71.1% | $187K0.0% |
| Gross Profit | $2.4M+4720.8% | $3.4M+4879.2% | $5.0M+252500.0% | $594K+536.8% | -$53K-182.8% | -$72K-700.0% | -$2K-104.5% | -$136K-209.1% |
| R&D Expenses | N/A | N/A | $886K-4.1% | $858K-20.3% | $822K-5.5% | $945K+19.9% | $924K+42.2% | $1.1M+49.2% |
| SG&A Expenses | $11.1M+354.3% | $5.2M+73.3% | $13.0M+483.4% | $4.6M+62.6% | $2.4M-0.4% | $3.0M+13.7% | $2.2M+36.9% | $2.9M+30.1% |
| Operating Income | -$32.7M-883.5% | -$99.6M-2383.6% | -$201.1M-6288.8% | -$35.5M-771.0% | -$3.3M-1.6% | -$4.0M-17.4% | -$3.1M-40.1% | -$4.1M-29.1% |
| EBITDA | N/A | N/A | N/A | N/A | -$3.3M-1.8% | -$4.0M-17.7% | -$3.1M-40.9% | -$4.1M-30.3% |
| Interest Expense | N/A | N/A | $0-100.0% | $1K0.0% | $628K+12460.0% | $6K-25.0% | $3K | $1K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$30.3M-207.7% | -$99.8M-2500.3% | $325.5M+8477.2% | -$352.8M-9470.5% | -$9.8M-510.0% | -$3.8M-52.5% | -$3.9M-254.9% | -$3.7M-0.6% |
| EPS (Basic) | -$0.38+99.5% | -$1.30-240.0% | $88.29+8755.9% | -$32.89-4318.3% | -$79.73-16329.0% | -$0.38+87.6% | -$1.02-6.3% | -$0.74+86.4% |
| EPS (Diluted) | -$0.38 | -$1.30 | $88.29+8755.9% | -$32.89 | -$79.73 | -$382.29 | -$1.02 | -$744.35 |
| Diluted Shares (Avg) | 80M | 77M | N/A | 11M | 123,335 | 10,039 | N/A | 4,952 |
HSDT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $176.1M+2130.5% | $200.7M+5660.8% | $303.9M+8480.7% | $475.9M+8421.4% | $7.9M-10.8% | $3.5M-39.5% | $3.5M-54.0% | $5.6M-36.9% |
| Current Assets | $28.7M+268.4% | $27.8M+722.4% | $31.2M+809.9% | $125.7M+2224.5% | $7.8M-9.7% | $3.4M-38.7% | $3.4M-54.0% | $5.4M-37.0% |
| Cash & Equivalents | $3.6M-40.0% | $4.4M+296.3% | $7.3M+569.3% | $124.1M+3477.0% | $6.1M-4.8% | $1.1M-69.5% | $1.1M-79.0% | $3.5M-47.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | $1.1M+8.2% | $1.1M+45.7% | $1.1M+39.0% | $1.1M+189.8% | $1.0M+126.7% | $774K+48.6% |
| Accounts Receivable | N/A | N/A | N/A | N/A | $12K-90.1% | N/A | $70K-40.2% | $25K-73.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.4M+241.0% | $2.8M+27.5% | $3.0M+21.5% | $628.3M+35079.8% | $1.9M-25.5% | $2.2M-41.6% | $2.5M-53.5% | $1.8M-69.4% |
| Current Liabilities | $2.2M+19.6% | $2.8M+40.3% | $3.0M+39.4% | $3.1M+109.8% | $1.8M-12.3% | $2.0M+27.1% | $2.2M+15.1% | $1.5M+4.3% |
| Non-Current Liabilities | $4.2M+6685.5% | $0-100.0% | $0-100.0% | $625.2M+215476.9% | $62K-86.2% | $201K-90.8% | $320K-90.8% | $290K-93.4% |
| Total Equity | $165.6M+2648.8% | $197.9M+15360.7% | $300.9M+28314.8% | -$152.4M-4111.4% | $6.0M-4.9% | $1.3M-35.5% | $1.1M-54.9% | $3.8M+25.8% |
| Retained Earnings | -$342.6M-84.8% | -$312.4M-78.0% | -$212.6M-23.8% | -$538.1M-220.8% | -$185.4M-13.0% | -$175.5M-8.0% | -$171.7M-7.3% | -$167.8M-5.6% |
Not reported in any period shown, so not listed: Goodwill, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.9M-331.3% | -$4.8M-36.6% | -$6.2M-159.8% | -$4.0M-45.9% | -$2.8M+4.6% | -$3.5M-17.8% | -$2.4M-16.9% | -$2.8M-13.0% |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | $9K-43.8% | $8K-50.0% | $12K-42.9% | $16K-61.9% |
| Stock-Based Compensation | N/A | $90K-85.5% | N/A | $472K-64.4% | $410K+11.7% | $622K+55.1% | N/A | $1.3M+229.3% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$2.4M-16.7% | -$2.8M-12.7% |
| Investing Cash Flow | $5.5M | $5.5M | -$159.1M | -$267.4M | N/A | N/A | $0+100.0% | $0+100.0% |
| Financing Cash Flow | $5.7M-26.6% | -$3.5M-199.1% | $48.6M | $389.4M+261441.6% | $7.7M+37.0% | $3.6M+143.1% | $0-100.0% | -$149K |
| Share Buybacks | $2.3M | $3.5M | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
HSDT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.0% | 95.0% | 96.6%+97.9pp | 85.2% | -123.3% | -146.9% | -1.3%-34.2pp | -266.7% |
| Operating Margin | -1293.5% | -2751.1% | -3845.8% | -5086.1% | -7725.6% | -8185.7% | -2070.4% | -7980.4% |
| Net Margin | -1197.8% | -2756.1% | 6226.8% | -50612.3% | -22867.4% | -7832.6% | -2556.6% | -7227.5% |
| Return on Equity | -18.3%+144.9pp | -50.4%+249.4pp | 108.2%+475.1pp | N/A | -163.2%-137.8pp | -299.8%-173.2pp | -367.0%-320.4pp | -97.0%+24.2pp |
| Return on Assets | -17.2%+107.4pp | -49.7%+60.4pp | 107.1%+216.8pp | -74.1%-8.1pp | -124.6%-106.4pp | -110.2%-66.5pp | -109.7%-95.5pp | -66.0%-24.6pp |
| Current Ratio | 13.31+9.0x | 9.90+8.2x | 10.33+8.7x | 40.03+36.4x | 4.32+0.1x | 1.69-1.8x | 1.58-2.4x | 3.61-2.4x |
| Debt-to-Equity | 0.04-0.3x | 0.01-1.7x | 0.01-2.3x | N/A | 0.31-0.1x | 1.72-0.2x | 2.34+0.1x | 0.47-1.5x |
| Asset Turnover | 0.010.0x | 0.020.0x | 0.020.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.040.0x | 0.010.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -1564.5% | -5433.3% |
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: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Solana Company HSDT | FY2025 | $6.0M | -$40.9M | N/A | $172.5M | 38/100 |
| BIOMERICA INC BMRA | FY2026 | $4.5M | -$3.8M | -84.8% | $9.9M | 44/100 |
| HeartSciences Inc. HSCS | FY2026 | $4K | -$9.1M | N/A | $20.8M | — |
| STRATA SKIN SCIENCES INC SSKN | FY2025 | $30.7M | -$6.3M | -20.4% | $1.1M | — |
| DIH HOLDINGS US INC A DHAI | FY2025 | $62.9M | -$8.7M | -13.8% | $1.6M | — |
| Lifeward Ltd. LFWD | FY2025 | $22.0M | -$19.9M | -90.3% | $16.6M | 47/100 |
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 P/E ratio?
Solana Company (HSDT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $172.5M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Solana Company's price-to-sales ratio?
Solana Company (HSDT) trades at 14.3x sales, its market capitalization divided by revenue of $12.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $172.5M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Solana Company's Altman Z-Score?
Solana Company (HSDT) has an Altman Z-Score of 30.83, 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.
Can Solana Company cover its interest payments?
Solana Company (HSDT) reported an operating loss of $243.8M against $635K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Solana Company?
Solana Company (HSDT) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.