Solana Company Q2 Net Loss Widens 209% to $30.3M on $2.5M Revenue

Solana Company reports Q2 2026 net loss of $30.3M against $2.5M revenue, driven by staking earnings. Total assets stand at $176.1M with significant digital asset holdings.

Woofun AI reports that Solana Company (Nasdaq: HSDT) disclosed its second-quarter 2026 financial results, recording a net loss of $30.3 million, a sharp increase from the $9.8 million loss in the same period last year. Revenue totaled $2.5 million, derived primarily from staking earnings, with other income contributing $14,000.

During the quarter, the firm received 31,200 SOL tokens as staking rewards, which were automatically repledged for compound interest. Share buybacks reached approximately $2.3 million, canceling 1.3 million shares and bringing year-to-date repurchases to roughly $5.9 million. As of June 30, total assets amounted to $176.1 million, comprising $3.6 million in cash, $21 million in liquid digital assets, and $147.3 million in long-term digital assets and exposures.