)
Visual21 Nov 2025
Data center suppliers
Solana Company (HSDT) investor relations material
Solana Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Raised over $500 million in September 2025 to fund a Solana-focused digital asset treasury strategy, marking a strategic shift and new beginning for the company.
Pantera and Summer Capital contributed roughly half of the capital, with Pantera's $120 million investment being its largest ever.
Implemented two reverse stock splits and rebranded from Helius Medical Technologies to Solana Company.
Focused on advocacy for Solana, capital markets strategy, and disciplined treasury management, with extensive outreach in Asia.
Continued commercialization of the PoNS medical device, reporting positive clinical outcomes and FDA submission for stroke therapy label expansion.
Financial highlights
Third quarter 2025 revenue was $697,000, including $342,000 from first-time staking rewards income.
Net loss for Q3 2025 was $352.8 million, or $32.89 per share, driven by derivative liability and unrealized loss on digital assets.
Operating expenses surged to $36.0 million, mainly from a $30.5 million unrealized loss on SOL holdings and a $1.5 million discretionary bonus.
Cash and digital assets at quarter-end totaled $474.2 million, with $124 million in cash and $350.2 million in SOL at fair value.
Gross profit for Q3 2025 was $594,000, up from a gross loss of $136,000 in Q3 2024.
Outlook and guidance
Company aims to maximize Solana per share accumulation, maintain disciplined capital deployment, and transparent reporting.
Management expects existing resources to fund operations for at least the next twelve months.
Plans to leverage capital markets tools such as ATM programs and share buybacks, and explore staking, lending, and DeFi opportunities.
Open to M&A opportunities within the digital asset treasury ecosystem for strategic growth.
Financial condition is highly dependent on SOL price and liquidity, which are volatile.
Explain DAT capital deployment for SOL per share
What drove the Q3 non-operating loss?
PoNS device market expansion plans
Solana Co. strategy for DAT consolidation
Next steps for Solana's Asia market expansion
Capital deployment to maximize SOL per share
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Solana Company earnings date
Q4 202525 Mar, 2026
Next Solana Company earnings date
Q4 202525 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Helius Medical Technologies Inc. is a neurotechnology company focused on developing non-invasive treatments for neurological conditions. The company’s primary product, the Portable Neuromodulation Stimulator (PoNS), is designed to help improve balance and gait in patients with neurological diseases or trauma, such as multiple sclerosis and traumatic brain injury. The PoNS® device stimulates the brain through the tongue, promoting neuroplasticity and aiding in physical rehabilitation. Helius Medical Technologies aims to offer innovative therapeutic solutions to enhance the quality of life for individuals with neurological impairments. The company is headquartered in Newtown, Pennsylvania, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage