---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-037118"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:10:06.162478+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Solana Q4 net income $325.6M ($4.25 EPS) on $5.2M revenue; $293.7M in SOL holdings

## Summary
- Q4 2025 revenue $5.2M (vs $0.2M prior year), driven by $5.1M staking rewards.
- Q4 net income $325.6M ($4.25 EPS) vs net loss $3.9M prior year; includes $526.3M derivative gain.
- FY 2025 net loss $40.9M ($1.85 loss per share) vs $11.7M loss prior year.
- Cash $7.3M, digital assets (SOL) $293.7M at Dec 31, 2025; combined $301M.
- Raised $29.9M via ATM in 2025 to buy SOL; repurchased $3.4M stock in 2026 funded by SOL sales.

## SEC filing metadata
- accession: 0001104659-26-037118
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465926037118/0001104659-26-037118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465926037118/hsdt-20260330x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-037118
- JSON: https://secwatch.observer/filing/0001104659-26-037118.json
- Plain text: https://secwatch.observer/filing/0001104659-26-037118.txt

## Key facts
- Earnings Releases
  Solana Co reported financial results for the fiscal quarter and year ended December 31, 2025.
  - Period: the fiscal quarter and year ended December 31, 2025
  - Result: reported results
  source text: On March 30, 2026, Solana Company (formerly known as Helius Medical Technologies, Inc.) (the “Company”) issued a press release announcing financial results for the fiscal quarter and year ended December 31, 2025. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000110465926037118/0001104659-26-037118-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.