Solana financials
$2.86+0.70%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5M | $3.6M | $5.2M | $697.0K | $43.0K | $49.0K | $152.0K | $51.0K | $182.0K | $135.0K | $134.0K | $143.0K |
| Gross profit | $2.4M | $3.4M | $5.0M | $594.0K | -$53.0K | -$72.0K | -$2.0K | -$136.0K | $64.0K | $12.0K | $44.0K | -$44.0K |
| Gross margin | 97.0% | 95.0% | 96.6% | 85.2% | −123.3% | −146.9% | −1.3% | −266.7% | 35.2% | 8.9% | 32.8% | −30.8% |
| Operating income | -$8.7M | -$1.7M | -$8.9M | -$4.9M | -$3.3M | -$4.0M | -$3.1M | -$4.1M | -$3.3M | -$3.4M | -$2.2M | -$3.2M |
| Net income | -$30.3M | -$99.8M | $325.6M | -$352.8M | -$9.8M | -$3.8M | -$3.9M | -$3.7M | -$1.6M | -$2.5M | -$1.0M | -$3.7M |
| Net margin | −1197.8% | −2756.1% | 6227.1% | −50612.3% | −22867.4% | −7832.7% | −2584.2% | −7227.5% | −885.7% | −1863.7% | −779.9% | −2561.5% |
| Diluted EPS | $-0.38 | $-1.30 | $4.21 | $-32.89 | $-79.73 | $-382.29 | $-0.39 | $-744.35 | $-485.30 | $-2310.00 | $-1233.88 | $-5.49 |
| EBITDA | -$8.7M | -$1.7M | -$8.9M | -$4.9M | -$3.3M | -$4.0M | -$3.1M | -$4.1M | -$3.3M | -$3.4M | -$2.2M | -$3.0M |
| Operating cash flow | -$11.9M | -$4.8M | -$6.2M | -$4.0M | -$2.8M | -$3.5M | -$2.4M | -$2.8M | -$2.9M | -$3.0M | -$2.0M | -$2.5M |
| Free cash flow | -$11.9M | -$4.8M | -$6.2M | -$4.0M | -$2.8M | -$3.5M | -$2.4M | -$2.8M | -$2.9M | -$3.0M | -$2.0M | -$2.5M |
| Diluted shares | 79.8M | 76.7M | 77.3M | 10.7M | 0.1M | 0.0M | 10.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.6M | $4.4M | $7.3M | $124.1M | $6.1M | $1.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $808.0K | $0.00 | $654.0K | $472.0K | $733.0K |
| Total assets | $176.1M | $200.7M | $303.9M | $475.9M | $7.9M | $3.5M |
| Total liabilities | $6.4M | $2.8M | $3.0M | $628.3M | $1.9M | $4.0M |
| Shareholders' equity | $165.6M | $197.9M | $300.9M | -$152.4M | $6.0M | -$563.0K |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology