HSDT
Solana Company3.1000
+0.0600+1.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Capital options, Anchorage delays detailed
Q&A fleshed out capital allocation toolkit beyond ATM and buybacks, with Cosmo eyeing convertible debt, structured equity notes, and even DAT consolidation for accretive deals—targeting double-digit SOL/share growth like the 14% achieved since launch. Anchorage-Kamino borrowing remains pre-deployment amid kinks, eyeing 3-4% borrow costs against 6-7%+ yields but hinging on regulatory clarity. Jeff flagged Q4 SG&A as inflated by noncash comp and setup fees, signaling a lower 2026 run-rate. Solana's RWA edge shone through, with $1.7B on-chain and Asia liquidity bets. No walk-backs. Buybacks rule when cheap. Bullish tone persists; watch structured raises.
Key Stats
Market Cap
128.03MP/E (TTM)
-Basic EPS (TTM)
-829.83Dividend Yield
0%Recent Filings
8-K
Share count confirmed
8-K
Closes $508M PIPE, launches SOL treasury
Solana Company closed a $508M PIPE with Pantera Capital and Summer Capital on September 18, 2025, fueling its SOL digital asset treasury and boosting liquidity to $474.2M in cash plus digital assets. Q3 revenue hit $697K with $342K staking rewards, but a $352.8M net loss stemmed from $30.5M unrealized digital asset losses and PIPE derivative volatility. Warrants enable $750M more capital. PoNS stroke data shines.
10-Q
Q3 FY2025 results
Solana Company posted Q3 revenue of $697K, up sharply from $51K y/y, fueled by first staking rewards from its new SOL treasury while PoNS sales ticked higher on VA and insurance wins; gross profit flipped to $594K from a $136K loss. Operating loss widened to $35.5M on $30.5M unrealized SOL mark-to-market hit, yet net loss of $352.8M—versus $3.7M y/y—stems mainly from $546M derivative swings on PIPE warrants (anti-dilutive). Cash swelled to $124M on $401M financing inflows, funding $291M digital assets; no debt. Shares exploded 8x to 40M on PIPE. SOL price crashed 37% post-quarter. Volatility rules this treasury play.
8-K
Board refresh, CEO hire, $100M buyback
Solana Company elected Cosmo Jiang to its board on October 30, 2025, prompting Jeffrey S. Mathiesen's same-day resignation with no disagreements. Its Hong Kong subsidiary hired Joseph Chee as Chairman and CEO that day, with US$525,000 base salary and US$61,250 sign-on bonus. Board authorized $100 million open-ended stock repurchase program. Repurchases may boost SOL per share.
8-K
Investor Update and board addition
Solana Company released its November 2025 Investor Update under Item 7.01, spotlighting Solana's dominance in DEX volumes, asset issuance, and stablecoin activity with PayPal and Stripe integrations. Cosmo Jiang from Pantera Capital joined the board to sharpen its digital asset treasury strategy. Forward-looking plans hinge on volatile SOL prices and regulatory risks.
IPO
Website
Employees
Sector
Industry
AMIX
Autonomix Medical, Inc.
0.63-0.03
BWAY
Brainsway Ltd.
16.87-0.47
EMED
Electromedical Technologies, In
0.00+0.00
INSP
Inspire Medical Systems, Inc.
115.51-3.75
NMTC
NeuroOne Medical Technologies C
0.71+0.05
NUMD
Nu-Med Plus Inc.
0.02-0.01
NXL
Nexalin Technology, Inc.
0.81-0.01
ODYY
Odyssey Health Inc.
0.03+0.00
STIM
Neuronetics, Inc.
1.65-0.11
TCMD
Tactile Systems Technology, Inc
28.95+0.52