Solana Company Q1 revenue $3.6M, net loss $99.8M ($1.30/share) on digital asset write-downs

Solana Co

Q1 revenue $3.6M (primarily $3.4M staking rewards) vs $49K in Q1 2025; gross profit $3.4M.
Operating loss $99.6M, driven by $89.2M unrealized loss on digital assets and $7.0M realized loss from strategic sales.
Net loss $99.8M ($1.30 per share) vs $3.8M ($382.29) in prior year; shares outstanding increased to 55.0M.
Executed $3.5M in share repurchases during quarter; cash $4.4M, digital asset exposure $193.8M at fair value.
Appointed Madelene Gani as COO and Deputy CFO effective April 6, 2026; advancing Pacific Backbone validator with Jito.

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