Nasdaq-listed Solana Firm (HSDT), which operates a Solana (SOL) treasury technique and staking infrastructure, announcedits third-quarter 2026 monetary outcomes on November 11. The corporate’s quarterly income elevated from $697,000 in the identical interval final yr to $3.4 million. The first driver of income progress was staking actions performed utilizing the corporate’s SOL holdings. Solana Firm additionally reported holding roughly 2.4 million SOL as of September 30, 2026. The monetary outcomes highlighted the revenue-generating potential of its institutional Solana treasury technique.
Staking Revenue Reaches $3.3 Million
In accordance with Solana Company’s official monetary announcement dated November 11, roughly $3.3 million of its third-quarter income got here from staking actions. Whole income for the primary 9 months of the yr reached $9.5 million.
Throughout the third quarter, the corporate earned roughly 30,800 SOL in staking rewards. These tokens had been subsequently reinvested into staking actions.
Solana Firm achieved a median annualized internet staking yield of 5.9% on its treasury property. Throughout the identical interval, the common yield throughout the Solana community was roughly 4.9%.
The corporate due to this fact reported producing returns roughly one share level above the community common.
Third-quarter gross revenue reached $2.7 million, representing a gross revenue margin of roughly 82%.
Company’s SOL Reserves Valued at $288.2 Million
As of September 30, 2026, the honest worth of Solana Company’s roughly 2.4 million SOL holdings was reported at $288.2 million.
The corporate’s complete property stood at $292.6 million.
In accordance with the monetary outcomes, Solana Firm recorded internet earnings of $105.2 million within the third quarter. Within the corresponding interval final yr, it had reported a internet lack of $352.8 million.
Nevertheless, the numerous enchancment in internet earnings was not solely attributable to staking income.
Accounting results related to the valuation of cryptocurrency property additionally performed an essential function within the firm’s monetary outcomes.
Subsequently, progress in working income needs to be assessed individually from valuation good points on digital property.
Solana Firm additionally disclosed that it had bought roughly 125,000 SOL utilizing proceeds from a registered direct fairness providing that raised round $15 million.
Institutional Growth Via Pacific Spine Infrastructure
Solana Company’s Pacific Spine staking and validator infrastructure, developed throughout the Asia-Pacific area, turned operational throughout the third quarter.
In accordance with the corporate’s announcement, the full quantity of SOL delegated to the infrastructure reached roughly 1.3 million tokens. Of that quantity, roughly 1 million SOL got here from third events.
Pacific Spine goals to offer institutional companies associated to the Solana community in main monetary facilities, together with Seoul, Tokyo, Singapore, and Hong Kong.
Solana Firm CEO Joseph Chee acknowledged that the infrastructure’s launch and growing institutional participation had supported the corporate’s income efficiency.
Via its new headquarters in Hong Kong, Solana Firm plans to increase its relationships with monetary establishments throughout Asia.
Nevertheless, the quantity of SOL delegated by third events for staking functions shouldn’t be confused with the corporate’s instantly owned token reserves.
Kriptofoni Evaluation
Solana Company’s third-quarter outcomes level to an institutional enterprise mannequin that extends past merely holding SOL as a treasury asset.
Via its staking and validator infrastructure, the corporate goals to generate income from each its personal reserves and third-party participation.
Nevertheless, the sustainability of its monetary efficiency will rely on a number of elements, together with modifications in SOL costs, staking yields, and demand from institutional clients.
The valuation results mirrored in internet earnings also needs to be monitored individually from the corporate’s underlying operational efficiency.
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