Filing Flows › Solana (HSDT) › Q1 2026 › vs Q4 2025
Solana (HSDT) Q1 2026 vs Q4 2025 (quarter over quarter)
Solana's revenue fell $1.6M (-31%) from $5.2M in Q4 2025 to $3.6M in Q1 2026.
Solana, Q1 2026: revenue $3.6M (74× year over year), net loss $99.8M, operating cash flow −$4.8M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.6M | $5.2M | −$1.6M | -31% |
| Net loss | $99.8M | −$326M | $425M | — |
| Costs & expenses | $103M | $532M | −$428M | -81% |
| Operating costs | $103M | $206M | −$103M | -50% |
| Interest & other, net | $181K | −$527M | $527M | — |
| Cost of revenue | $180K | $180K | $0 | 0% |
| Other operating costs | $97.9M | $192M | −$94.3M | -49% |
| Operating cash sources | $99.8M | −$326M | $425M | — |
| Share-based compensation | $90K | $7.7M | −$7.7M | -99% |
| Working capital & other | $94.9M | −$339M | $434M | — |
| Cash used in operations | $4.8M | $6.2M | −$1.3M | -22% |
| Net loss absorbed | $99.8M | −$326M | $425M | — |
Questions
How much did Solana's revenue grow quarter over quarter in Q1 2026?
Solana's revenue fell $1.6M (-31%) from $5.2M in Q4 2025 to $3.6M in Q1 2026.