SOL Strategies Reports Financial Results for Fiscal First Quarter 2026

SOL Strategies (NASDAQ: STKE) reported first quarter fiscal 2026 results for the quarter ended December 31, 2025, with total staking and validation revenue of CAD$2.1 million (up 69% YoY) and staking rewards of 9,787 SOL (up 120% YoY).

Rhea-AI Summary

SOL Strategies (NASDAQ: STKE) reported first quarter fiscal 2026 results for the quarter ended December 31, 2025, with total staking and validation revenue of CAD$2.1 million (up 69% YoY) and staking rewards of 9,787 SOL (up 120% YoY).

The company reported total SOL holdings of approximately 529,000 SOL (~CAD$92.2 million) as of December 31, 2025, versus 139,726 SOL (~CAD$38.1 million) a year earlier. Management will host a webcast and conference call on February 18, 2026 at 4:30 PM EST to discuss results.

Positive

• Revenue +69% YoY to CAD$2.1 million
• Staking rewards +120% YoY to 9,787 SOL
• SOL holdings up to ~529,000 SOL (~CAD$92.2M)

Negative

• None.

Argus Feb 18 session

+5.60% close to close Open Argus

Details

News Market Reaction – STKE

In the Feb 18 session, STKE gained 5.60%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with the solid growth metrics in this release, including revenue up 69% and staking rewards up 120%. Historically, earnings news for SOL Strategies produced a modest -1.92% average move, so a sizable gain would have stood out versus that pattern. Investors would likely have focused on the expanding SOL holdings (529,000 SOL) and recurring staking revenue, while still weighing prior trends in profitability and broader sector volatility.

Key Figures

Staking & validation revenue: CAD$2.1M Prior-year revenue: CAD$1.2M Revenue growth: 69% +5 more

Staking & validation revenue

CAD$2.1M

Q1 2026 revenue for quarter ended Dec 31, 2025

Prior-year revenue

CAD$1.2M

Quarter ended Dec 31, 2024

Revenue growth

69%

Q1 2026 vs quarter ended Dec 31, 2024

Staking & validator rewards

9,787 SOL

Quarter ended Dec 31, 2025

Prior staking rewards

4,441 SOL

Quarter ended Dec 31, 2024

Rewards growth

120%

Staking and validator rewards vs prior-year quarter

Total SOL holdings

529,000 SOL

Holdings as of Dec 31, 2025 (~CAD$92.2M equivalent)

Prior SOL holdings

139,726 SOL

Holdings as of Dec 31, 2024 (~CAD$38.1M equivalent)

Previous Earnings Reports

1 past event · Latest: Dec 31

Same Type 1 event

1. Dec 31

   Full-year earnings

   24h Move

   -1.9%

   Reported FY2025 revenue growth and higher SOL holdings with lower EBITDA.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

staking, validator, SEDAR+, webcast

4 terms

staking financial

"Total staking and validation revenue reached CAD$2.1 million for the quarter"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

View in glossary

validator technical

"Total staking and validation revenue reached CAD$2.1 million for the quarter"

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

SEDAR+ regulatory

"financial statements and management discussion & analysis are available on SEDAR+"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

webcast technical

"The Company will host a webcast and conference call on Wednesday, February 18, 2026"

A webcast is a live or recorded online event where people watch or listen to presentations, announcements, or performances through the internet. It’s like a TV broadcast but over the internet, allowing viewers from anywhere to tune in in real time or later. Webcasts are important because they let companies share information quickly and widely with audiences around the world.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Revenues increased 69% year over year

Toronto, Ontario--(Newsfile Corp. - February 18, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), one of the first publicly traded companies dedicated to growing and building the Solana Economy, today announced it released its financial results for the quarter ended December 31, 2025. The Company will host a webcast and conference call on Wednesday, February 18, 2026 at 4:30pm EST.

The Company's financial statements and management discussion & analysis are available on SEDAR+ at www.sedarplus.ca.

Financial Highlights for the First Quarter Ended December 31, 2025:

• Total staking and validation revenue reached CAD$2.1 million for the quarter, up 69% from CAD$1.2 million for the quarter ended December 31, 2024.

• Staking and validator rewards of 9,787 SOL, up from 4,441 SOL for the quarter ended December 31, 2024, an increase of 120%

• Total SOL holdings as of December 31, 2025 of approximately 529,000 SOL and SOL equivalent (~CAD $92.2 million) up from 139,726 SOL (~CAD $38.1 million) at December 31, 2024.

Financial Results Webcast and Conference Call:

The Company will host a webcast and conference call to discuss these financial results on Wednesday, February 18, 2026 at 4:30pm EST. To register to participate in the conference call, please use the dial-in instructions or webcast link below. The webcast will also be available for replay via the investor relations section of the Company's website https://solstrategies.io/investors/.

Event: SOL Strategies, Inc. Year End 2025 Financial Results Webcast and Conference Call
Webcast Date: Wednesday, February 18, 2026, at 4:30 PM EST
Live Call: (800) 274-8461 (U.S.) or (203) 518-9814 (International), Conference ID: SOLQ126
Webcast Link: SOL Strategies FY Q12026 Earnings

Interim CEO Michael Hubbard, CFO Doug Harris and CTO Max Kaplan will host the live webcast and conference call to review the results and answer questions. Investors, analysts, and stakeholders are encouraged to attend the call to hear more about the Company's recent milestones and growth outlook. A replay will be available shortly after the event at https://solstrategies.io/investor-relations

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.

To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

Investor Contact:
Doug Harris, Chief Financial Officer, 416-480-2488
John Ragozzino, CFA, solstrategies@icrinc.com, 203-682-8284

Media Contact: solstrategies@scrib3.co

Cautionary Note Regarding Forward-Looking Information:

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".

Forward-looking statements in this news release include statements regarding the completion of the Private Placement and its intended impact on the Company. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.

The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Disclaimer:

SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.

None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284277

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SOL Strategies (STKE) report for staking and validation revenue in Q1 FY2026?

SOL Strategies reported CAD$2.1 million in staking and validation revenue for Q1 FY2026. According to the company, that figure represents a 69% year-over-year increase versus CAD$1.2 million for the quarter ended December 31, 2024.

How many SOL did SOL Strategies (STKE) earn in staking rewards in Q1 ended December 31, 2025?

SOL Strategies earned 9,787 SOL in staking and validator rewards for the quarter. According to the company, that compares with 4,441 SOL in the prior-year quarter, an increase of about 120% year over year.

What were SOL Strategies' total SOL holdings and their reported CAD value as of December 31, 2025?

The company reported approximately 529,000 SOL holdings, valued at ~CAD$92.2 million as of December 31, 2025. According to the company, holdings rose from 139,726 SOL (~CAD$38.1 million) a year earlier.

When is the SOL Strategies (STKE) Q1 FY2026 webcast and how can investors access it?

The webcast and conference call are scheduled for February 18, 2026 at 4:30 PM EST. According to the company, investors can join via the provided dial-in numbers or the live webcast link on the investor relations site.

What key growth metrics should investors note from SOL Strategies' Q1 FY2026 results (STKE)?

Investors should note 69% revenue growth and 120% higher staking rewards year over year for Q1 FY2026. According to the company, these metrics reflect higher staking activity and materially larger SOL holdings versus the prior year.