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Solana Company Q1 FY26 net loss widens to $99.8 million; revenue rises to $3.6 million

PUBT·05/15/2026 20:05:57
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Solana Company Q1 FY26 net loss widens to $99.8 million; revenue rises to $3.6 million
  • Solana Company posted Q1 revenue of USD 3.6 million, up from USD 49,000 a year earlier.
  • Net loss widened to USD 99.8 million, or USD 1.30 per share, from USD 3.8 million, or USD 382.29 per share, in the prior-year quarter.
  • Operating loss widened to USD 99.6 million as total operating expenses climbed to USD 103.1 million, including USD 89.2 million in unrealized losses on digital assets and digital assets receivable.
  • Digital assets and digital asset exposure totaled USD 193.8 million at March 31, with cash and cash equivalents of USD 4.4 million.
  • Quarter included USD 3.5 million of share repurchases, progress on Pacific Backbone validator infrastructure via partnership with Jito, and continued work with Anchorage Digital and Kamino on institutional staking and lending against natively staked SOL.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solana Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605151605PRIMZONEFULLFEED9721510) on May 15, 2026, and is solely responsible for the information contained therein.