PANews, August 15: Solana Company (Nasdaq: HSDT) announced its second-quarter 2026 financial results, reporting revenue of $2.5 million, consisting of $2.5 million in staking income and $14,000 in other income. The company recorded a net loss of $30.3 million, compared to a net loss of $9.8 million in the same period last year. During the second quarter, the company received 31,200 SOL tokens as staking rewards, which were automatically re-staked to compound growth. The company repurchased approximately $2.3 million worth of stock during the quarter, retiring 1.3 million shares, bringing the total stock repurchases year-to-date to approximately $5.9 million.
Solana Company Q2 2026 Financials: $2.5M Revenue, $30.3M Net Loss
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Summary
Solana Company (NASDAQ: HSDT) reported its Q2 2026 financial results, showing $2.5 million in revenue from staking rewards and a $30.3 million net loss, compared to a $9.8 million loss a year ago. The company received 31,200 SOL, which were restaked to compound returns. Amid mixed sentiment in the altcoins to watch segment, Solana repurchased $2.3 million worth of shares, retiring 1.3 million shares, bringing total buybacks to $5.9 million year-to-date. The Fear & Greed Index remains a key indicator of market sentiment.
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