Earnings Releases·Nov 12, 2026, 8:41 AM ET

Solana Company — Third Quarter 2026 Earnings Summary

Revenue surged to $3.4 million for the quarter and $9.5 million year-to-date, both significantly up from $0.7 million and $0.8 million respectively in the prior-year period, driven by $3.3 million in staking revenue.
The company reported a net income of $105.2 million ($1.21 per diluted share) compared to a net loss of $352.8 million in the prior-year period, with income from operations turning positive at $103.9 million versus a $35.5 million loss previously.
Strategic capital actions included a $15 million registered direct offering at a 5% premium to NAV used to purchase 125,000 SOL, alongside $2.8 million in stock repurchases during the quarter.
Management highlighted the operational launch of Pacific Backbone infrastructure with 1.3 million SOL staked and a strategic focus on bridging Asia's financial institutions to Solana via a new Hong Kong headquarters.
The company divested its legacy PoNS business, incurring $6.8 million in severance costs in the first nine months of 2026, while maintaining a gross margin of approximately 82% for the quarter.