Solana Company (HSDT) reported third-quarter 2026 revenue of $3.4 million and net income of $105.2 million for the quarter ended September 30, 2026. Basic earnings per share were $1.21 and diluted earnings per share were $1.17.
The company said revenue was primarily driven by staking revenue on its SOL holdings. It held approximately 2.4 million SOL with an approximate fair value of $288.2 million as of September 30.
- Staking revenue totaled $3.3 million, while other revenue was $23,000.
- Gross profit was $2.7 million, with an approximate gross margin of 82%.
- Income from operations was $103.9 million.
- The company earned 30,800 SOL in staking rewards during the quarter.
- Solana Company repurchased approximately $2.8 million of Class A common stock, representing 1.4 million shares.
- Total assets were $292.6 million as of September 30, 2026.
