Filing Flows › Solana (HSDT) › Q2 2026
Solana (HSDT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Solana (HSDT) reported revenue of $2.5M for the second quarter 2026 (Q2 2026), up 59-fold from a year earlier and -30% from the quarter before.
Solana, Q2 2026: revenue $2.5M (59× year over year), net loss $30.3M, operating cash flow −$11.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | -30% | 59× |
| Operating profit | −$32.7M | — | — |
| Net earnings | −$30.3M | — | — |
| Operating cash flow | −$11.9M | — | — |
What changed
Revenue was $2.5M in Q2 2026, up 5774% year over year and down 30% from the previous quarter.
Gross margin was 97.0%. Operating costs exceeded revenue by $32.7M, an operating margin of -1293.5%. The quarter ended with a net loss of $30.3M, narrower than the previous quarter's $99.8M loss.
Operating cash flow was −$11.9M. Non-cash charges added back $63K of share-based compensation. Working capital and other items added $18.3M.
Questions
What was Solana's revenue in the second quarter 2026?
Solana (HSDT) reported revenue of $2.5M for the second quarter 2026 (Q2 2026), up 59-fold from a year earlier and -30% from the quarter before.
Source: Solana 10-Q on SEC EDGAR.