Quarterly ResultMay 15, 2026, 04:34 PM
Solana Co Q1 Net Loss $99.8M; Revenue $3.62M
AI Summary
Solana Co. reported a net loss of $99.8 million for the first quarter of 2026, a substantial increase from the $3.84 million net loss in the prior year's quarter. This widened loss was primarily driven by $89.2 million in unrealized losses and $7.0 million in realized losses on digital assets. Despite the losses, total revenue grew significantly to $3.62 million from $49 thousand, mainly due to staking revenue. The company's total assets decreased to $200.7 million, with digital assets comprising 85.8% of its holdings.
Key Highlights
- Net loss for Q1 2026 was $(99.8) million, significantly wider than $(3.84) million in Q1 2025.
- Total revenue for Q1 2026 increased to $3.62 million from $49 thousand in Q1 2025.
- Unrealized loss on digital assets and receivables was $89.2 million in Q1 2026.
- Realized loss on digital assets was $7.0 million for the three months ended March 31, 2026.
- Total assets decreased to $200.7 million as of March 31, 2026, from $303.9 million at Dec 31, 2025.
- Cash and cash equivalents were $4.4 million as of March 31, 2026, down from $7.28 million.
- Digital asset holdings totaled $172.15 million, representing 85.8% of total assets.
- The company repurchased $3.5 million of common stock during Q1 2026.
Price Impact
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