SOLANA COMPANY financials
Source: EDGAR filings · Built 2026-06-19T02:31:27Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -11.05M | -10.45M | -14.33M | -13.44M | -11.80M |
| EBITDA | — | -13.84M | -12.27M | -15.26M | -17.83M | -13.90M |
| Working Capital | 28.14M | 1.26M | 5.56M | 14.71M | 9.94M | 2.26M |
| Net Debt | — | -1.08M | -5.13M | -14.44M | -11.00M | -3.24M |
| Gross Margin | 1006.75% | -11.92% | 10.08% | 41.65% | 45.44% | 41.30% |
| Operating Margin | -44496.35% | -2673.65% | -2054.21% | -1994.34% | -3679.92% | -2176.40% |
| Net Margin | -7461.68% | -2258.08% | -1462.81% | -1808.74% | -3677.89% | -2137.67% |
| Return on Equity (ROE) | -13.59% | -1108.78% | -376.60% | -172.64% | -161.09% | -365.02% |
| Return on Assets (ROA) | -13.45% | -331.51% | -115.05% | -81.40% | -128.58% | -215.82% |
| Current Ratio | 10.33× | 1.58× | 3.96× | 8.40× | 4.75× | 1.93× |
| Debt-to-Equity | — | 0.01× | 0.02× | 0.01× | 0.00× | 0.02× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.40× | 0.94× | 1.18× | 1.02× | 0.74× | 0.83× |
| Accruals Ratio | -0.08× | -0.20× | 0.20× | 0.01× | -0.34× | -0.37× |
| SBC % of Revenue | 1687.96% | 485.00% | 269.26% | 289.72% | 862.47% | 382.60% |
| CapEx Coverage | — | -2208.20× | -359.17× | -841.76× | -247.93× | -186.32× |
| Free Cash Flow Per Share | — | $-3088.06 | $-17.18 | $-53.08 | $-5.47 | $-9.85 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 548.00K | 520.00K | 605.00K | 778.00K | 493.00K | 661.00K |
| Revenues | 6.02M | 520.00K | 644.00K | 787.00K | 522.00K | — |
| Cost of Goods and Services Sold | — | 582.00K | 583.00K | 463.00K | 298.00K | 388.00K |
| Cost of Revenue | 500.00K | 582.00K | — | — | — | — |
| Gross Profit | 5.52M | -62.00K | 61.00K | 324.00K | 224.00K | 273.00K |
| Research and Development Expense | 3.51M | 3.66M | 2.94M | 4.26M | 5.99M | 4.58M |
| Selling, General and Administrative Expense | 23.13M | 10.18M | 9.27M | 10.64M | 12.18M | 9.71M |
| Operating Expenses | 249.36M | 13.84M | 12.49M | 15.84M | 18.37M | 14.66M |
| Operating Income (Loss) | -243.84M | -13.90M | -12.43M | -15.52M | -18.14M | -14.39M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -40.89M | -11.74M | -8.85M | -14.07M | -18.13M | -14.13M |
| Earnings Per Share, Basic | $-1.85 | $-3282.26 | $-14.56 | $-52.13 | $-7.38 | $-11.80 |
| Weighted Average Number of Shares Outstanding, Basic | 22.05M | 3,577 | 607,890 | 269,929 | 2.46M | 1.20M |
| Earnings Per Share, Diluted | $-1.85 | $-3282.26 | $-14.56 | $-52.13 | $-7.38 | $-11.80 |
| Weighted Average Number of Shares Outstanding, Diluted | 22.05M | 3,577 | 607,890 | 269,929 | 2.46M | 1.20M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.28M | 1.09M | 5.18M | 14.55M | 11.01M | — |
| Assets, Current | 31.16M | 3.42M | 7.44M | 16.70M | 12.59M | 4.68M |
| Assets | 303.93M | 3.54M | 7.69M | 17.29M | 14.10M | 6.55M |
| Liabilities, Current | 3.02M | 2.16M | 1.88M | 1.99M | 2.65M | 2.42M |
| Liabilities | 3.02M | 2.48M | 5.34M | 9.14M | 2.85M | 2.68M |
| Stockholders' Equity Attributable to Parent | 300.91M | 1.06M | 2.35M | 8.15M | 11.26M | 3.87M |
| Common Stock, Shares, Outstanding | 43.74M | 4,936 | 714,590 | 564,094 | 3.78M | 1.48M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -16.51M | -11.04M | -10.42M | -14.31M | -13.39M | -11.74M |
| Payments to Acquire Property, Plant, and Equipment | — | 5.00K | 29.00K | 17.00K | 54.00K | 63.00K |
| Net Cash Provided by (Used in) Investing Activities | -426.53M | -5.00K | -29.00K | -11.00K | -56.00K | -9.00K |
| Net Cash Provided by (Used in) Financing Activities | 449.24M | 6.95M | 1.08M | 17.87M | 21.13M | 9.64M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | -2.38M |
| EBITDA | — | — | — | — | -4.00M | -3.13M |
| Working Capital | 25.03M | 28.14M | 122.52M | 6.00M | 1.38M | 1.26M |
| Net Debt | — | — | — | — | — | -1.08M |
| Gross Margin | 95.03% | 96.56% | 85.22% | -160.61% | -189.47% | -1.08% |
| Operating Margin | -2751.12% | -3845.73% | -5086.08% | -10066.67% | -10555.26% | -1701.08% |
| Net Margin | -2756.12% | 6227.07% | -50612.34% | -29796.97% | -10100.00% | -2123.24% |
| Return on Equity (ROE) | -50.43% | 108.19% | 231.49% | -163.23% | -299.84% | -370.92% |
| Return on Assets (ROA) | -49.72% | 107.11% | -74.12% | -124.58% | -110.16% | -110.90% |
| Current Ratio | 9.90× | 10.33× | 40.03× | 4.32× | 1.69× | 1.58× |
| Debt-to-Equity | — | — | — | — | — | 0.01× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.05× | -0.02× | 0.03× | 0.64× | 0.92× | 0.61× |
| Accruals Ratio | -0.47× | 1.09× | -0.72× | -0.45× | -0.09× | -0.44× |
| SBC % of Revenue | 2.49% | 148.16% | 215.78% | 3124.24% | 1636.84% | 231.35% |
| Free Cash Flow Per Share | — | — | — | — | — | $-664.80 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | 33.00K | 38.00K | 185.00K |
| Revenues | 3.62M | 5.23M | 697.00K | 43.00K | 49.00K | 152.00K |
| Cost of Goods and Services Sold | — | — | 103.00K | 96.00K | 121.00K | 154.00K |
| Cost of Revenue | 180.00K | — | — | — | 121.00K | — |
| Gross Profit | 3.44M | 5.05M | 594.00K | -53.00K | -72.00K | -2.00K |
| Research and Development Expense | — | 886.00K | 858.00K | 822.00K | 945.00K | 924.00K |
| Selling, General and Administrative Expense | — | 13.04M | 4.65M | 2.45M | 2.99M | 2.22M |
| Operating Expenses | 103.06M | 206.10M | 36.04M | 3.27M | 3.94M | 3.15M |
| Operating Income (Loss) | -99.62M | -201.06M | -35.45M | -3.32M | -4.01M | -3.15M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -99.80M | 325.55M | -352.77M | -9.83M | -3.84M | -3.93M |
| Earnings Per Share, Basic | $-1.30 | $88.29 | $-32.89 | $-79.73 | $-382.29 | $-774.45 |
| Weighted Average Number of Shares Outstanding, Basic | 76.74M | 22.05M | 10.72M | 123,335 | 10,039 | 3,577 |
| Earnings Per Share, Diluted | $-1.30 | $88.29 | $-32.89 | $-79.73 | $-382.29 | $-774.45 |
| Weighted Average Number of Shares Outstanding, Diluted | 76.74M | 22.05M | 10.72M | 123,335 | 10,039 | 3,577 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 4.39M | 7.28M | 124.05M | 6.08M | 1.11M | 1.09M |
| Assets, Current | 27.84M | 31.16M | 125.66M | 7.80M | 3.38M | 3.42M |
| Assets | 200.71M | 303.93M | 475.92M | 7.89M | 3.48M | 3.54M |
| Liabilities, Current | 2.81M | 3.02M | 3.14M | 1.80M | 2.00M | 2.16M |
| Liabilities | — | 3.02M | 628.31M | 1.87M | 2.20M | 2.48M |
| Stockholders' Equity Attributable to Parent | 197.90M | 300.91M | -152.39M | 6.02M | 1.28M | 1.06M |
| Common Stock, Shares, Outstanding | 54.96M | 43.74M | 40.30M | 680,475 | 6.13M | 4,936 |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -4.83M | -6.18M | -10.34M | -6.29M | -3.54M | -2.38M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Investing Activities | 5.47M | -159.15M | -267.38M | — | — | 0 |
| Payments for Repurchase of Common Stock | 3.52M | — | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -3.52M | 48.56M | 400.68M | 11.28M | 3.56M | 0 |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HSDT CIK 0001610853),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.