Solana Co Q2 net loss widens on higher operating expenses

Solana

14/08/2026 21:40

Overview
US digital asset infrastructure firm's Q2 revenue rose sharply yr/yr, driven by staking operations
Q2 net loss widened to $30.3 mln, reflecting higher operating expenses and severance costs
Company completed divestiture of legacy medical device business and repurchased $2.3 mln in shares

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
STAKING REVENUE - Q2 revenue was driven primarily by staking rewards on SOL holdings
OPERATING EXPENSES - Higher operating expenses reflected expansion of digital asset operations and $6.8 mln in severance costs from PoNS divestiture

Company press release: ID:nGNX94jJc3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.5 mln
$3.6 mln (2 Analysts)
Q2 Net Loss
 
$30.3 mln
$1.8 mln (2 Analysts)
Q2 Operating Expenses
 
$35.1 mln
 
Q2 Operating Income
 
-$32.7 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Solana Co is $3.50, about 94.4% above its August 13 closing price of $1.80

Reuters Recommended Reads
Aug 12 - Solana treasury firm Forward Industries' Q3 revenue jumps less than expected
Aug 13 - AVAX One Q2 revenue rises on staking rewards, bitcoin mining
Aug 14 - US regulator approves bank charter for Trump-backed crypto company World Liberty Financial

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)