Quarterly ResultMay 15, 2026, 04:07 PM
Solana Co Q1 Revenue $3.6M; Net Loss $(99.8)M on Digital Asset Losses
AI Summary
Solana Co reported Q1 2026 revenue of $3.6 million, a significant increase from $49,000 in Q1 2025, primarily driven by SOL earning staking yield. However, the company posted a net loss of $99.8 million, or $(1.30) per share, largely due to non-cash charges totaling $89.2 million for unrealized losses on digital assets. Solana Co also executed $3.5 million in share repurchases and appointed Madelene Gani as COO and Deputy CFO.
Key Highlights
- Q1 2026 revenue was $3.6 million, primarily from $3.4 million in staking rewards income.
- Net loss for Q1 2026 was $99.8 million, or $(1.30) per share, compared to $(3.8) million in Q1 2025.
- Operating expenses included $89.2 million in unrealized loss on digital assets and $7.0 million in realized loss.
- Executed approximately $3.5 million in share repurchases during the quarter.
- Appointed Madelene Gani as Chief Operating Officer and Deputy Chief Financial Officer on April 6, 2026.
- Cash and cash equivalents totaled $4.4 million at March 31, 2026.
- Digital assets and digital asset exposure at fair value totaled $193.8 million.
- Gross profit was $3.4 million, up from a gross loss of $(72,000) in the prior-year period.
Price Impact
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