Solana Co Q1 revenue surges on staking rewards

Solana Co

15/05/2026 21:15

Overview

US digital asset treasury's Q1 revenue surged yr/yr, mainly from staking rewards

Net loss widened, driven by unrealized and realized losses on digital assets

Company repurchased $3.5 mln in shares during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

STAKING REVENUE - Revenue growth was primarily driven by SOL staking yield, according to the company

DIGITAL ASSET LOSSES - Large unrealized and realized losses on digital assets drove the net loss

OPERATIONAL EXPANSION - Higher general and administrative expenses reflected expansion of operations tied to the digital asset treasury strategy

Company press release: ID:nGNXbB78N6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$3.60 mln
$3.40 mln (2 Analysts)
Q1 Net Loss
$99.80 mln
-$27.40 mln (2 Analysts)
Q1 Operating Expenses
$103.10 mln
Q1 Operating Income
-$99.60 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 46.4% above its May 14 closing price of $2.39

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)