Solana Company Third-Quarter Revenue of 3.4 Million Dollars: Net Income of 105.2 Million Dollars, Holding about 2.4 Million SOL with a Fair Value of about 288.2 Million Dollars at Quarter End
Philadelphia, Pennsylvania — Solana Company (NASDAQ: HSDT), a publicly listed digital asset treasury, infrastructure and services company, announced its results for the quarter ended September 30, 2026 via GlobeNewswire at 16:25 Eastern on November 11, 2026. All figures are taken from the body of the company official results release.
Revenue for the third quarter was 3.4 million dollars, consisting of 3.3 million dollars in staking revenue and 23 thousand dollars of other revenue, compared with 0.7 million dollars in the prior-year period, bringing year-to-date revenue to 9.5 million dollars. Cost of revenue was 0.6 million dollars, resulting in gross profit of 2.7 million dollars, or a gross margin of approximately 82 percent, compared with gross profit of 0.6 million dollars in the prior-year period. General and administrative expenses were 3.4 million dollars, compared with 5.5 million dollars a year earlier.
Reported net income was 105.2 million dollars, or earnings of 1.21 dollars per basic and 1.17 dollars per diluted common share, compared with a net loss of 352.8 million dollars, or a loss of 32.89 dollars per basic and diluted share, in the prior-year period. The release statements show that operating income for the quarter included an unrealized gain on digital assets of about 102.7 million dollars. Total assets at September 30, 2026 were 292.6 million dollars.
The company held approximately 2.4 million SOL across all categories, with a fair value of approximately 288.2 million dollars at September 30, 2026. Its Pacific Backbone infrastructure moved from build-out to operation, with approximately 1.3 million SOL of total stake delegated, including 1.0 million SOL delegated by third parties. The company achieved an average net staking yield of 5.9 percent APY on treasury holdings, against a Solana network average of approximately 4.9 percent, and earned 30.8 thousand SOL in staking rewards, which were automatically restaked. During the quarter the company priced an approximately 15 million dollar registered direct offering at a 5 percent premium to net asset value per share and used the proceeds to purchase approximately 125 thousand SOL, and repurchased approximately 2.8 million dollars of Class A common stock, or 1.4 million shares, bringing year-to-date repurchases to approximately 8.7 million dollars. Joseph Chee, Chairman, President and Chief Executive Officer, was quoted in the release. All figures follow the body of the Solana Company official results release, and media expectations were not used as a source.
Source: Solana Company
Published by GSM · USA (original Chinese edition)
Photo: 图：图中是比特币主题的数字插图，为数字资产财库题材通用配图，非实物照片，亦非该公司持有的 SOL 代币。照片：Satheesh Sankaran 摄，CC BY-SA 2.0，经 Wikimedia Commons。
