HSDT · XBRL financial data
Solana Company financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (HSDT's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | 522 | 787 | 644 | 520 | 6,017 |
| Revenue from contracts with customers | 661 | 522 | 778 | 605 | 476 | 548 |
| Cost of revenue | — | — | — | — | 582 | 500 |
| Cost of goods and services sold | 388 | 298 | 463 | 583 | 582 | — |
| Gross profit | 273 | 224 | 324 | 61 | (62) | 5,517 |
| Research and development | 4,582 | 5,990 | 4,262 | 2,942 | 3,659 | 3,511 |
| Selling, general and administrative | 9,714 | 12,176 | 10,640 | 9,271 | 10,118 | 23,127 |
| Total operating expenses | 14,659 | 18,366 | 15,840 | 12,489 | 13,841 | 249,357 |
| Operating income (loss) | (14,386) | (18,142) | (15,516) | (12,428) | (13,903) | (243,840) |
| Income tax expense (benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income (loss) | (14,130) | (18,132) | (14,072) | (8,850) | (11,742) | (40,890) |
| Earnings per share, basic‡ USD per share | (15,410,678.92) | (275,373.13) | (38,805.97) | (10,865.67) | (3,231.34) | (1.85) |
| Earnings per share, diluted‡ USD per share | (15,410,678.92) | (275,373.13) | (38,805.97) | (10,865.67) | (3,231.34) | (1.85) |
| Weighted average shares, basic‡ thousands of shares | 0 | 0 | 0 | 1 | 4 | 22,048 |
| Weighted average shares, diluted‡ thousands of shares | 0 | 0 | 0 | 1 | 4 | 22,048 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-50 stock split (August 2023); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-14.925373134328357 stock split (May 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-50 stock split (July 2025); filings made before it reported them unadjusted.
- † Share count changed about 51x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 7x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 6703x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (HSDT's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3,331 | 11,005 | 14,549 | 5,182 | 1,088 | 7,282 |
| Accounts receivable | 74 | 66 | 71 | 117 | 70 | — |
| Inventory | 389 | 476 | 589 | 457 | 1,036 | 1,121 |
| Prepaid and other current assets | — | — | — | — | 1,300 | 1,752 |
| Total current assets | 4,685 | 12,594 | 16,697 | 7,438 | 3,424 | 31,155 |
| Property and equipment, net | 486 | 409 | 347 | 178 | 107 | — |
| Right-of-use asset | 90 | 3 | 103 | 52 | 11 | — |
| Goodwill | 759 | 763 | — | — | — | — |
| Total assets | 6,547 | 14,102 | 17,287 | 7,692 | 3,542 | 303,929 |
| Accounts payable | 747 | 1,069 | 627 | 531 | 873 | 1,890 |
| Accrued liabilities | 1,337 | 1,433 | — | — | — | — |
| Total current liabilities | 2,424 | 2,653 | 1,988 | 1,879 | 2,163 | 3,016 |
| Lease liability, non-current | 32 | — | 56 | 12 | — | — |
| Total liabilities | 2,676 | 2,846 | 9,136 | 5,342 | 2,483 | 3,016 |
| Accumulated deficit | (118,903) | (137,035) | (151,107) | (159,957) | (171,699) | (212,589) |
| Total stockholders' equity | 3,871 | 11,256 | 8,151 | 2,350 | 1,059 | 300,913 |
| Total liabilities and equity | 6,547 | 14,102 | 17,287 | 7,692 | 3,542 | 303,929 |
| Common shares outstanding (cover page)‡ thousands of shares | 0 | 0 | 1 | 1 | 8 | 55,034 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-50 stock split (August 2023); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-14.925373134328357 stock split (May 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-50 stock split (July 2025); filings made before it reported them unadjusted.
- † Share count changed about 51x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 7x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 6703x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (HSDT's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (14,130) | (18,132) | (14,072) | (8,850) | (11,742) | (40,890) |
| Stock-based compensation | 2,529 | 4,252 | 2,254 | 1,629 | 2,522 | 9,250 |
| Net cash from operating activities | (11,738) | (13,388) | (14,310) | (10,416) | (11,041) | (16,514) |
| Purchases of property and equipment | 63 | 54 | 17 | 29 | 5 | — |
| Net cash from investing activities | (9) | (56) | (11) | (29) | (5) | (426,532) |
| Proceeds from issuing common stock | 10,653 | 22,695 | 18,644 | 500 | 2,961 | 29,903 |
| Net cash from financing activities | 9,638 | 21,126 | 17,869 | 1,077 | 6,954 | 449,239 |
| Net change in cash | (2,128) | 7,674 | 3,544 | (9,367) | (4,094) | 6,194 |
- † Share count changed about 51x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 7x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 6703x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Solana | 3,647 | 2,526 | (11,892)* | 60.5M | 0.3 quarters | 10-QJun 30, 2026 |
| T-REX Acquisition | 0.4 | 0.7 | (57)* | 30.1M | 0.0 quarters | 10-QMar 31, 2026 |
| Canton Strategic Holdings | 37,242 | 1,496 | (2,238)* | 79.7M | 16.6 quarters | 10-QJun 30, 2026 |
| Big Digital Energy | 16,290 | 6,153 | (3,323)* | 5.7M | 4.9 quarters | 10-QJun 30, 2026 |
| Crisp Momentum | 101 | 0.2 | (498)* | 2.0B | 0.2 quarters | 10-QApr 30, 2026 |
| TON Strategy | 28,805 | 15,019 | not reported | 55.1M | — | 10-QJun 30, 2026 |
| FF EAI Robotics Ecosystem | 577 | not reported | (3,445)* | 20.2M | 0.2 quarters | 10-QJun 30, 2026 |
| SkyAI | 12,071 | 0* | (2,995)* | 43.0M | 4.0 quarters | 10-QJun 30, 2026 |
| Pineapple Financial | 5,090 | 623 | (859)* | 25.3M | 5.9 quarters | 10-QMay 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.