Solana Company Q1 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Date: May 15, 2026 | Participants: Joseph Chee (Chairman, President & CEO), Cosmo Jiang (Director & Pantera Capital GP), Madelene Gani (COO, Deputy CFO & incoming CFO)

Key Financial Highlights (Q1 2026 vs. Prior Periods)

  • Revenue: $3.6 million (primarily $3.4 million staking revenue + $0.2 million other revenue), a significant increase from $49,000 in Q1 2025 (which had no staking revenue from treasury strategy).
  • Gross Profit: $3.4 million vs. gross loss of $72,000 in Q1 2025; cost of revenue was $180,000, up due to higher staking-related costs.
  • Operating Expenses: $103.1 million (included $89.2 million unrealized loss on digital assets/receivables from ~33% SOL price decline, $7 million realized loss on strategic SOL sales, $1.7 million unrealized loss on digital assets fund); vs. $3.9 million in Q1 2025.
  • Net Loss: $99.8 million ($1.3 per basic/diluted share on 76.6 million weighted average shares) vs. $3.8 million ($382.29 per share on 10,000 shares) in Q1 2025.
  • Balance Sheet (as of Mar 31, 2026): Total assets $200.7 million, including $4.4 million cash, $21 million current digital assets, and $172.8 million long-term digital assets; executed $3.5 million share repurchases in Q1.

Treasury & Operational Metrics

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Thank you for standing by, and welcome to the Solana Company's First Quarter Operating Results Conference Call. [Operator Instructions] As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Sarina Jassy, Investor Relations. Please go ahead. Sarina Jassy: Thank you, operator. Before we begin, I would like to inform you that comments and responses to your questions during today's call reflect management's views as of today, May 15, 2026, only and includes forward-looking statements and opinion statements, including predictions, estimates, plans, expectations and other similar information. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are more fully described in our press release issued earlier today and in the sections entitled Risk Factors in our Annual Report on Form 10-K filed with the United States Securities and Exchange Commission or the SEC on March 31, 2026, as well as in subsequent filings with the SEC. Our SEC filings can be found on our website or on the SEC's website. Investors are cautioned not to place undue reliance on forward-looking statements. We disclaim any obligation to update or revise these forward-looking statements. Please note that this conference call will be available for audio replay on our website under the News and Events section of our Investor Relations page. With that, I would no

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional