Solana Company Gets 97% of Q3 Revenue From Staking Rewards

Solana Company, which trades as HSDT, reported third-quarter 2026 revenue of about $3.4 million, of which roughly $3.3 million came from staking, according to its results release and The Block. The Block put staking at about 97% of quarterly revenue. Revenue compares with $697,000 in the same quarter a year earlier.

The release listed revenue of $3,360 thousand and staking revenue of $3,337 thousand for the quarter ended September 30. The Block reported gross profit of $2.7 million, an 82% margin, and about 30,800 SOL earned in staking rewards, which were restaked. The company cited an average net staking yield of 5.9% against a Solana network average of 4.9%.

Net income was $105.2 million, or $1.17 per diluted share, against a net loss of $352.8 million a year earlier, the release said. The company held approximately 2.4 million SOL with a fair value of about $288.2 million as of September 30. The Block reported total assets of $292.6 million.

The company’s Pacific Backbone validator operation had about 1.3 million SOL delegated, including 1 million SOL from third parties, The Block reported. Solana Company also raised about $15 million in a registered direct offering priced at a 5% premium to net asset value per share, and used it to buy about 125,000 SOL. It repurchased roughly $2.8 million of Class A common stock. All figures are company-reported.

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Sources:

• Solana Company: Reports Third Quarter 2026 Financial Results (GlobeNewswire)

• The Block: ‘Milestone quarter’: Solana Company reports Q3 revenue growth driven by staking rewards