| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.62 | 8950.0% |
| Total Income | 3.62 | 8950.0% |
| Expenditure | 103.24 | 2449.1% |
| PBT | -99.80 | 2499.0% |
| Net Profit | -99.80 | 2499.0% |
| OPM | — | |
| NPM | — | |
| EPS | -1.30 | 154.9% |
Solana Company Reports Q1 2026 Revenue of $3.6 Million
16 May 2026 · 16 May, 1:50 am
Summary
Solana Company reported first quarter 2026 financial results, with revenue of $3.6 million, primarily from staking rewards. This is a significant increase from the $49,000 in revenue reported in the first quarter of 2025. The company reported a net loss of $99.8 million, or $1.30 per share, compared to a net loss of $3.8 million in the prior-year period. The company continues to focus on growing SOL per share through disciplined capital allocation and generating consistent staking yield.
Key Highlights
- 1
Solana Company generated $3.6 million in revenue in the first quarter of 2026, primarily driven by SOL earning staking yield.
- 2
The company executed approximately $3.5 million in share repurchases during the quarter under the Company's repurchase program.
- 3
First quarter revenue was $3.6 million, consisting primarily of $3.4 million in staking rewards income and $0.2 million in other revenue.
- 4
Cost of revenue for the first quarter was $0.2 million, resulting in a gross profit of $3.4 million compared to a gross loss of $72,000 in the prior-year period.
- 5
The reported net loss for the first quarter of 2026 was $99.8 million, or a loss of $1.30 per basic and diluted common share.
Management Comments
Joseph Chee
"Despite the volatility in digital asset markets during the quarter, we remain focused on the fundamentals: growing our SOL per share through disciplined capital allocation, generating consistent staking yield, and building out the diversified revenue streams that we believe will drive long-term value creation." "We are not simply holding digital assets; we are building an operating business with recurring revenue streams that leverage our institutional-grade infrastructure and our position as a strategic partner to the Solana Foundation."
Cosmo Jiang
"The first quarter demonstrated the resilience of our digital asset treasury strategy. Our average net staking yield reflects the institutional-grade infrastructure and active management approach that Pantera applies across its broader digital asset portfolio. We remain committed to capital allocation strategies that are accretive on a SOL per share basis."
Informational and educational content only. Not investment advice.