Solana Company Reports $2.5 Million Revenue and $30.3 Million Net Loss in Q2

Solana Company (NASDAQ: HSDT) announced its financial results for the second quarter of 2026, reporting revenue of $2.5 million, with staking revenue accounting for $2.5 million and other income of $14,000. The net loss was $30.3 million, compared to a net loss of $9.8 million in the same period last year. In the second quarter, the company earned 31,200 SOL tokens as staking rewards, which have been automatically restaked for compound growth. The company repurchased approximately $2.3 million in stock during the quarter, retiring 1.3 million shares, bringing the total stock repurchase amount to approximately $5.9 million year-to-date. As of June 30, the company had total assets of $176.1 million, including $3.6 million in cash and cash equivalents, $21 million in liquid digital assets, and $147.3 million in long-term digital assets and digital asset exposure, which includes staking positions, restricted assets, receivables, and fund investments.

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