Growth & profitability
- Revenue has declined 3.7% per year over the past 5 years.
- Operating margin has contracted, at -44496.4% in the latest year.
HSDT Financials Solana Co
13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $548000 | -$41M | 1006.8% | -44496.4% | — | — | $7M |
| 2024 | $520000 | -$12M | -11.9% | -2673.7% | -$11M | — | $1M |
| 2023 | $605000 | -$9M | 10.1% | -2054.2% | -$10M | — | $5M |
| 2022 | $778000 | -$14M | 41.6% | -1994.3% | -$14M | — | $15M |
| 2021 | $493000 | -$18M | 45.4% | -3679.9% | -$13M | — | $11M |
| 2020 | $661000 | -$14M | 41.3% | -2176.4% | -$12M | — | — |
| 2019 | $1M | -$10M | 43.4% | -1604.0% | -$21M | — | — |
| 2018 | $478000 | -$29M | 100.0% | -5580.5% | -$20M | — | — |
| 2017 | — | -$28M | — | — | -$20M | — | — |
| 2016 | — | -$7M | — | — | — | — | $3M |
| 2015 | — | -$10M | — | — | — | — | $418893 |
| 2014 | — | -$1M | — | — | — | — | $15968 |
| 2013 | — | -$9M | — | — | — | — | $217 |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $4M | -$100M | 95.0% | -2751.1% | — | — | $4M |
| Dec '25 | $5M | $326M | 96.6% | -3845.7% | — | — | $7M |
| Sep '25 | $697000 | -$353M | 85.2% | -5086.1% | — | — | $124M |
| Jun '25 | $43000 | -$10M | -123.3% | -7725.6% | — | — | $6M |
| Mar '25 | $49000 | -$4M | -146.9% | -8185.7% | — | — | $1M |
| Dec '24 | $152000 | -$4M | -1.3% | -2070.4% | -$2M | — | $1M |
| Sep '24 | $51000 | -$4M | -266.7% | -7980.4% | -$3M | — | $3M |
| Jun '24 | $182000 | -$2M | 35.2% | -1796.7% | -$3M | — | $6M |
| Mar '24 | $135000 | -$3M | 8.9% | -2530.4% | -$3M | — | $4M |
| Dec '23 | $134000 | -$1M | 32.8% | -1676.1% | -$2M | — | $5M |
| Sep '23 | $143000 | -$4M | -30.8% | -2204.9% | -$2M | — | $7M |
| Jun '23 | $256000 | -$2M | 28.1% | -1257.4% | -$3M | — | $9M |
| Mar '23 | $111000 | -$2M | -9.9% | -3432.4% | -$3M | — | $11M |
| Dec '22 | $282000 | -$5M | 46.8% | -946.5% | -$2M | — | $15M |
| Sep '22 | $196000 | -$1M | 48.5% | -2476.0% | -$4M | — | $17M |
| Jun '22 | $119000 | -$4M | 26.1% | -2882.4% | -$4M | — | — |
| Mar '22 | $190000 | -$4M | 34.7% | -2402.1% | -$5M | — | — |
| Dec '21 | $258000 | -$4M | 50.0% | -1589.9% | -$3M | — | $11M |
| Sep '21 | $109000 | -$5M | 21.1% | -4011.9% | -$3M | — | — |
| Jun '21 | $71000 | -$6M | 5.6% | -8684.5% | -$4M | — | — |
Valuation over time
How the market has priced HSDT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 18.8× (Mar '23) to 159.8× (Jun '26).
P/S
Frequently asked questions
Is HSDT growing its revenue and profit?
Over the past 5 years, Solana Co's revenue has declined 3.7% per year. These are computed facts, not advice.
How much debt does HSDT have?
As of FY2025, Solana Co reported — of total debt against $7M of cash.
What is HSDT's profit margin?
In FY2025, gross margin was 1006.8%, operating margin -44496.4%, and net margin -7463.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.