Solana Company Swings to $105.2 Million Q3 Profit, Adds 125,000 SOL

Résumé détaillé

Solana Company held approximately 2.4 million SOL (CRYPTO: $SOL) as of Sept. 30, with a fair value of about $288.2 million. Its holdings represented approximately 0.0274 SOL per…

Solana treasury and infrastructure firm Solana Company (NASDAQ: $HSDT) reported third-quarter net income of $105.2 million on Wednesday, reversing a year-earlier loss as gains on its SOL holdings boosted results. The company also disclosed a purchase of approximately 125,000 SOL funded by proceeds from a share offering priced at a premium to its net asset value.

Net loss came in at $352.8 million in the third quarter of 2025. Despite returning to profitability in the latest quarter, the company remained in the red for the first nine months of 2026, posting a cumulative net loss of $24.9 million.

According to the company's earnings release, net income was $1.21 per basic share and $1.17 per diluted share. The results included a $102.7 million unrealized gain on digital assets and related receivables.

Revenue climbed to $3.4 million from $700,000 a year earlier, with staking accounting for nearly all of the total. Revenue for the first nine months of 2026 reached $9.5 million. Gross profit was $2.7 million, while general and administrative expenses declined to $3.4 million from $5.5 million.

Solana Company held approximately 2.4 million SOL (CRYPTO: $SOL) as of Sept. 30, with a fair value of about $288.2 million. Its holdings represented approximately 0.0274 SOL per diluted share, based on 85.2 million diluted shares outstanding.

During the quarter, the company priced a registered direct offering of approximately $15 million at a 5% premium to net asset value per share. It used the proceeds to acquire roughly 125,000 SOL. Solana Company also repurchased approximately $2.8 million of its own shares, equivalent to 1.4 million shares, bringing total share buybacks for the year to about $8.7 million.

The company's staking operations generated an average net yield of 5.9% on its SOL holdings, compared with approximately 4.9% for the broader Solana network. Solana Company earned 30,800 SOL in staking rewards during the quarter and automatically restaked the tokens.

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