# Solana Co: overview HSDT · Nasdaq · CIK 1610853 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/hsdt.md) · [Financials](/companies/hsdt/financials.md) · [Filings](/companies/hsdt/filings.md) · [Insiders](/companies/hsdt/insiders.md) Latest reported revenue: [$2.5m](/filings/0001610853-26-000007.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:Revenues, accession 0001610853-26-000007). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $k | [40.0](/filings/0001558370-24-015344.md) | [185 d](/filings/0001104659-26-037194.md) | [38.0](/filings/0001558370-25-006120.md) | [33.0](/filings/0001558370-25-011568.md) | [697](/filings/0001104659-25-113714.md) | [(241) d](/filings/0001104659-26-037194.md) | [3,621](/filings/0001104659-26-062611.md) | [2,526](/filings/0001610853-26-000007.md) | | Gross margin | % | [(340.0%)](/filings/0001104659-25-113714.md) | [(1.1%) d](/filings/0001104659-26-037194.md) | [(189.5%)](/filings/0001104659-26-062611.md) | [(160.6%)](/filings/0001610853-26-000007.md) | [85.2%](/filings/0001104659-25-113714.md) | [(2094.6%) d](/filings/0001104659-26-037194.md) | [95.0%](/filings/0001104659-26-062611.md) | [97.0%](/filings/0001610853-26-000007.md) | | Operating margin | % | [(10175.0%)](/filings/0001104659-25-113714.md) | [(1701.1%) d](/filings/0001104659-26-037194.md) | [(10555.3%)](/filings/0001104659-26-062611.md) | [(10066.7%)](/filings/0001610853-26-000007.md) | [(5086.1%)](/filings/0001104659-25-113714.md) | [83425.3% d](/filings/0001104659-26-037194.md) | [(2751.1%)](/filings/0001104659-26-062611.md) | [(1293.5%)](/filings/0001610853-26-000007.md) | | Net margin | % | [(9215.0%)](/filings/0001104659-25-113714.md) | [(2123.2%) d](/filings/0001104659-26-037194.md) | [(10100.0%)](/filings/0001104659-26-062611.md) | [(29797.0%)](/filings/0001610853-26-000007.md) | [(50612.3%)](/filings/0001104659-25-113714.md) | [(135083.4%) d](/filings/0001104659-26-037194.md) | [(2756.1%)](/filings/0001104659-26-062611.md) | [(1197.8%)](/filings/0001610853-26-000007.md) | | Diluted EPS | $ per share | [(744.35)](/filings/0001104659-25-113714.md) | not reported | [(382.29)](/filings/0001104659-26-062611.md) | [(79.73)](/filings/0001610853-26-000007.md) | [(32.89)](/filings/0001104659-25-113714.md) | not reported | [(1.30)](/filings/0001104659-26-062611.md) | [(0.38)](/filings/0001610853-26-000007.md) | | Free cash flow | $k | [(2,771) d](/filings/0001104659-25-113714.md) | [(2,378) d](/filings/0001104659-26-037194.md) | not reported | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [0.5](/filings/0001558370-23-003338.md) | [0.8](/filings/0001558370-24-004260.md) | [0.6](/filings/0001558370-25-003619.md) | [0.5](/filings/0001104659-26-037194.md) | [0.5](/filings/0001104659-26-037194.md) | | Gross margin | % | [45.4%](/filings/0001558370-23-003338.md) | [41.6%](/filings/0001558370-24-004260.md) | [10.1%](/filings/0001558370-25-003619.md) | [(11.9%)](/filings/0001104659-26-037194.md) | [1006.8%](/filings/0001104659-26-037194.md) | | Operating margin | % | [(3679.9%)](/filings/0001558370-23-003338.md) | [(1994.3%)](/filings/0001558370-24-004260.md) | [(2054.2%)](/filings/0001558370-25-003619.md) | [(2673.7%)](/filings/0001104659-26-037194.md) | [(44496.4%)](/filings/0001104659-26-037194.md) | | Net margin | % | [(3677.9%)](/filings/0001558370-23-003338.md) | [(1808.7%)](/filings/0001558370-24-004260.md) | [(1462.8%)](/filings/0001558370-25-003619.md) | [(2258.1%)](/filings/0001104659-26-037194.md) | [(7461.7%)](/filings/0001104659-26-037194.md) | | Diluted EPS | $ per share | [(7.38)](/filings/0001558370-23-003338.md) | [(52.13)](/filings/0001558370-24-004260.md) | [(14.56)](/filings/0001558370-25-003619.md) | [(3282.26)](/filings/0001104659-26-037194.md) | [(1.85)](/filings/0001104659-26-037194.md) | | Free cash flow | $m | [(13.4)](/filings/0001558370-23-003338.md) | [(14.3)](/filings/0001558370-24-004260.md) | [(10.4)](/filings/0001558370-25-003619.md) | [(11.0)](/filings/0001104659-26-037194.md) | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hsdt/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [Pantera Capital Partners LP](/funds/2067181.md) | 2026-06-30 | $8.2m | 4,987,319 | | Added +1,100,000 | | [Kathmere Capital Management, LLC](/funds/1794543.md) | 2026-06-30 | $7.6m | 4,594,960 | | Unchanged | | [Arrington Capital Management, LLC](/funds/2087115.md) | 2026-06-30 | $1.1m | 658,908 | | Unchanged | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.0m | 632,919 | | Added +171,717 | | [VR Advisory Services Ltd](/funds/1348145.md) | 2026-06-30 | $959.2k | 581,310 | | Unchanged | | [LPL Financial LLC](/funds/1403438.md) | 2026-06-30 | $924.7k | 560,434 | | Added +13,173 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $917.4k | 555,980 | | Added +231,429 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $845.2k | 512,017 | | Added +141,413 | | [Saba Capital Management, L.P.](/funds/1510281.md) | 2026-06-30 | $521.5k | 316,051 | | Added +250,841 | | [Yorkville Advisors Global, LP](/funds/1838613.md) | 2026-06-30 | $495.0k | 300,000 | | Reduced −785,000 | ## Recent filings [All 729 filings](/companies/hsdt/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-09-30 | 17:21 ET | [8-K](/filings/0001610853-26-000008.md) | 7.01 Regulation FD disclosure; 8.01 Other events | 0001610853-26-000008 | | 2026-09-15 | 20:04 ET | [SCHEDULE 13D/A](/filings/0001213900-26-100250.md) | Ownership report, active investor, amended | 0001213900-26-100250 | | 2026-08-14 | 16:33 ET | [10-Q](/filings/0001610853-26-000007.md) | Quarterly report, period 2026-06-30 | 0001610853-26-000007 | | 2026-08-14 | 16:28 ET | [8-K](/filings/0001610853-26-000005.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001610853-26-000005 | | 2026-05-29 | 17:16 ET | [8-K](/filings/0001104659-26-068370.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-068370 | | 2026-05-26 | 16:18 ET | [SCHEDULE 13D/A](/filings/0001213900-26-061030.md) | Ownership report, active investor, amended | 0001213900-26-061030 | | 2026-05-22 | 17:16 ET | [8-K](/filings/0001104659-26-065815.md) | 5.07 Shareholder vote results; 8.01 Other events | 0001104659-26-065815 | | 2026-05-15 | 16:25 ET | [10-Q](/filings/0001104659-26-062611.md) | Quarterly report, period 2026-03-31 | 0001104659-26-062611 | | 2026-05-15 | 16:10 ET | [8-K](/filings/0001104659-26-062534.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-062534 | | 2026-05-13 | 21:41 ET | [SCHEDULE 13D/A](/filings/0002087954-26-000002.md) | Ownership report, active investor, amended | 0002087954-26-000002 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-037194.md), filed Mar 31, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/8e913f3e-ffc3-455c-aa62-4d4418b5e041) ## About the filer - CIK: 1610853 - Tickers: HSDT - Exchange: Nasdaq - SIC code: 6199 Finance Services - State of incorporation: DE - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.