Solana Company Announces Q2 2026 Financial Report, Staking Revenue Reaches $2.5 Million

TechFlow News, August 15, according to the official announcement from Solana Company (NASDAQ: HSDT), the company announced its financial results for the second quarter of 2026. Revenue for the quarter reached $2.5 million, a significant year-over-year increase, driven primarily by SOL staking revenue, with cumulative revenue for the first half of the year reaching $6.1 million. Gross margin was approximately 97%.

In terms of operations, the company completed the deployment of its first institutional validator cluster in Tokyo, advancing the Pacific Backbone Asia-Pacific infrastructure expansion plan; entered into a strategic partnership with the Jito Foundation; signed a memorandum of cooperation on blockchain infrastructure with Alatau City, Kazakhstan; completed the divestiture of the legacy PoNS medical device business, generating $3.1 million in proceeds from the sale; and completed a private placement to global institutional investors, raising net proceeds of $7.9 million, led by Mirae Asset with participation from HashKey Capital.

In terms of finance, the company recorded a net loss of $30.3 million for the quarter, with a loss per share of $0.38; the widened loss was primarily due to realized losses on digital assets of $25.4 million and severance costs related to the PoNS divestiture of $6.8 million. As of June 30, 2026, the company's total assets were $176.1 million, of which long-term digital assets and staking positions totaled approximately $147.3 million.