Solana posts Q3 net loss

Solana Co

18/11/2025 21:18

Overview

Solana Q3 net loss of $352.8 mln

Company reported a significant unrealized loss on digital assets

Solana approved a stock repurchase program for up to $100 mln

Outlook

Company did not provide specific guidance for future quarters in its press release

Result Drivers

DIGITAL ASSET STRATEGY - Partnership with Pantera and Summer Capital secured over $500 mln to support digital asset treasury strategy

FINANCIAL POSITION - Launched ATM program and issued cash-exercise warrants to enhance financial flexibility

An unrealized loss on digital assets of $30.5 million resulted from the net change in fair value of digital assets held by the Company as of quarter end

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$352.8 mln
Q3 Operating Expenses
$36 mln
Q3 Operating Income
-$35.5 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Press Release: ID:nGNX8qbK42

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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.)