secwatch.observer — SEC 8-K summary
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Issuer:     Solana Co (HSDT)
CIK:        0001610853
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001104659-26-037118
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610853/000110465926037118/0001104659-26-037118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610853/000110465926037118/hsdt-20260330x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-037118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer