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Friday 6 November 2026
Export HSDT’s income statement to Excel — free account
Solana Company
HSDT Financial Asset Management
Solana Company’s revenue for fiscal 2025 (year ended December 2025) was $6.0 million, up 1,057.1% from fiscal 2024.
- Revenue
- +5,774.4%
- EPS
- +99.5%
- Free cash flow
- −331.3%
Quarter to June 2026, against a year earlier
1.91
0.02
−1.04%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 12 | +43.6% | 12 | 14 | 20 | +49.2% | |
| Gross margin, % | — | 0.00 | 100.00 | 43.45 | 41.30 | 42.91 | 41.17 | 9.47 | (11.92) | 91.69 | 95.53 | +91.7 pt | ||||||
| EBT | (12) | (28) | (29) | (10) | (14) | (18) | (14) | (9) | (12) | (41) | (157) | +14.6% | ||||||
| EBT margin, % | 0.00 | 0.00 | (5,988.08) | (653.81) | (2,137.67) | (3,473.56) | (1,788.06) | (1,374.22) | (2,258.08) | (679.57) | (1,302.80) | (679.6) pt | ||||||
| Net income | (12) | (28) | (29) | (10) | (14) | (18) | (14) | (9) | (12) | (41) | (157) | +14.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 7,968.25 | 2,186.66 | 794.55 | 144.44 | 0.27 | 0.15 | n/m | |||||
| Earnings | (0.72) | (1.50) | (1.26) | (484,897.50) | (442,278.90) | (276,764.48) | (39,099.17) | (10,914.54) | (3,245.88) | (1.85) | (30.32) | +11.0% | ||||||
| Cash flow | (0.47) | (1.04) | (0.86) | 0.00 | 0.00 | (204,365.75) | (39,759.94) | (12,851.01) | (3,066.94) | (0.75) | (0.34) | +5.2% | ||||||
| Capex | 0.00 | (0.01) | (0.02) | 0.00 | 0.00 | (854.83) | (30.56) | (35.78) | (1.39) | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | (0.47) | (1.05) | (0.88) | 0.00 | 0.00 | (205,220.58) | (39,790.50) | (12,886.79) | (3,068.33) | (0.75) | (0.34) | +5.2% | ||||||
| Book value | (0.21) | (0.40) | 0.43 | 0.00 | 0.00 | 171,821.10 | 22,647.33 | 2,899.37 | 294.17 | 13.65 | 2.08 | n/m | ||||||
| Shares, m | 17 | 19 | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 47 | +3.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | 0.00 | 0.00 | 0.00 | 37.28 | 6.10 | 7.98 | 3.48 | 10.59 | 12.62 | 8.2 | ||||||
| P/B | — | — | 27,800,597.68 | 0.00 | 0.00 | 1.73 | 0.59 | 2.19 | 1.71 | 0.21 | 0.92 | 3,475,075.5 | ||||||
| EV/Sales | — | — | 0.00 | (3.41) | (4.49) | 16.89 | (11.93) | 0.05 | 2.08 | 9.44 | — | 1.1 | ||||||
| EV/FCF | — | — | (13,655,703.32) | 0.24 | 0.25 | (0.66) | 0.66 | 0.00 | (0.10) | (3.44) | — | (1,706,963.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (8) | (19) | (20) | (21) | (12) | (13) | (14) | (10) | (11) | (17) | (27) | +8.6% | |||||
| Capex | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | (40.5%) | ||||||
| Free cash flow | (8) | (20) | (20) | (21) | (12) | (13) | (14) | (10) | (11) | (17) | (27) | +8.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (3) | (8) | 9 | 3 | 2 | 10 | 15 | 6 | 1 | 28 | 27 | n/m | |||||
| Net debt | (3) | (6) | (26) | (5) | (3) | (11) | (15) | (5) | (1) | (7) | (4) | +11.8% | ||||||
| Shareholders’ equity | (3) | (7) | 10 | 6 | 4 | 11 | 8 | 2 | 1 | 301 | 166 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (321.47) | (546.33) | (165.28) | (51.24) | (167.28) | (175.62) | (89.66) | (70.86) | (209.04) | (26.60) | (171.00) | +294.9 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | (3,988.70) | (1,665.05) | (4,517.43) | 0.00 | 0.00 | 0.00 | (51.90) | (142.28) | (51.9) pt | ||||||
| ROE | 695.91 | 512.60 | (2,421.57) | (124.69) | (291.16) | (239.73) | (145.02) | (168.56) | (688.88) | (27.08) | (183.23) | (723.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 6 | 10 | 25 | 19 | 19 | 19 | 26 | 22 | 21 | 21 | — | +14.9% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.02 | 0.08 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.29 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Solana Company vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WHF WhiteHorse Finance, Inc. | $177.0M | 10.4× | 8.3× | −23.72% (below 0%: shrinking) | +380.00% (above 0%: growing) | −159.82% (below 0%: shrinking) | 100.00% | 66.34% | Compare |
| WHG Westwood Holdings Group Inc | $175.5M | 22.0× | — (loss-making) | +9.40% (above 0%: growing) | −18.18% (below 0%: shrinking) | −29.81% (below 0%: shrinking) | 100.00% | 5.20% | Compare |
| NSLR Neostellar Capital Corp. | $148.3M | 1.5× | 1.3× | +79.14% (above 0%: growing) | n/m | +8,274.08% (above 0%: growing) | 100.00% | 0.00% | Compare |
| AMBR Amber International Holding Limited - Sponsored ADR | $143.5M | 291× | — (loss-making) | −26.53% (below 0%: shrinking) | +57.00% (above 0%: growing) | +274.25% (above 0%: growing) | 79.48% | 7.43% | Compare |
| SAMG Silvercrest Asset Management Group Inc. | $131.1M | 91.4× | 22.0× | +4.52% (above 0%: growing) | +14.29% (above 0%: growing) | −23.65% (below 0%: shrinking) | 100.00% | 5.75% | Compare |
| EARN Ellington Credit Company | $120.2M | 10.5× | 13.0× | +8.08% (above 0%: growing) | n/m | +293.76% (above 0%: growing) | 93.62% | 30.14% | Compare |
| HSDT Solana Company | $117.2M | — (loss-making) | — (loss-making) | +5,774.42% (above 0%: growing) | n/m | −331.34% (below 0%: shrinking) | 96.95% | (1,293.47%) | |
| SPMC Sound Point Meridian Capital, Inc. | $115.8M | — (loss-making) | — | — | +76.60% (above 0%: growing) | — | — | — | Compare |
| DFDV DeFi Development Corp. | $103.4M | — (loss-making) | — (loss-making) | +66.87% (above 0%: growing) | n/m | +110.69% (above 0%: growing) | 99.37% | (689.20%) | Compare |
| Median of peers | $137.3M | 16.2× | 10.6× | +8.08% | +57.00% | +110.69% | 100.00% | 5.75% |
Pay and ownership Proxy statement filed 10 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 2.13m | 1.79m | 0.03 |
| 2024 | 1.27m | 876.79k | 0.10 |
| 2023 | 1.64m | 1.05m | 1.22 |
Ownership
Directors and executive officers, together
14.40%
Joseph Chee
14.20%
Solana Rocket Holdings Limited
9.99%
Pantera Capital Management LP
9.99%
Kathmere Capital LLC
8.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement