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Solana Co (HSDT) Stock Fundamental Analysis & AI Rating 2026

HSDT Nasdaq Finance Services DE CIK: 0001610853
Updated This Month • Analysis: May 16, 2026 • SEC Data: 2026-03-31
Combined AI Rating
SELL
79% Confidence
AGREEMENT
STRONG SELL
88% Conf
SELL
70% Conf

📊 HSDT Key Takeaways

Revenue: $3.6M
Net Margin: -2,756.1%
Free Cash Flow: $-4.8M
Current Ratio: 9.90x
Debt/Equity: 0.00x
EPS: $-1.30
AI Rating: STRONG SELL with 88% confidence
Solana Co (HSDT) receives a SELL rating with 79% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.6M, net profit margin of -2,756.1%, and return on equity (ROE) of -50.4%, Solana Co demonstrates mixed fundamentals in the Finance sector. Below is our complete HSDT stock analysis for 2026.

Is Solana Co (HSDT) a Good Investment?

Claude

Despite 998% YoY revenue growth reaching $3.6M, the company is burning cash at $4.8M annually with only $4.4M in liquid reserves, creating less than one year of operational runway. Operating losses of $99.6M relative to revenue reveal a fundamentally uneconomic business model at current scale, with negative ROE/ROA indicating shareholder value destruction that explosive top-line growth cannot offset.

ChatGPT

Explosive YoY revenue growth and a very high gross margin are overshadowed by extreme operating losses and deeply negative free cash flow, indicating an unsustainable operating model at current scale. While leverage is minimal and liquidity ratios are high, the modest cash balance relative to the cash burn suggests a near-term funding need. The large gap between operating and net results points to non-recurring items, raising concerns about earnings quality and growth durability.

Why Buy Solana Co Stock? HSDT Key Strengths

Claude
  • + Explosive revenue growth of 998% YoY demonstrates strong market demand
  • + Exceptional 95% gross margin indicates viable core product with pricing power
  • + Zero debt burden (0.00 debt/equity) eliminates financial distress risk from leverage
ChatGPT
  • + Very high gross margin (~92%)
  • + Minimal leverage with strong current ratio
  • + Triple-digit revenue growth from a low base

HSDT Stock Risks: Solana Co Investment Risks

Claude
  • ! Operating cash burn of $4.8M annually versus $4.4M cash reserves = <1 year runway before potential insolvency
  • ! Operating margin of -2751% (spending $28 on operations per $1 revenue) is unsustainable and worsening
  • ! Negative ROE (-50.4%) and ROA (-49.7%) demonstrate accelerating shareholder value destruction despite growth
ChatGPT
  • ! Severe operating losses and -274% FCF margin
  • ! Cash balance insufficient versus burn, potential dilution/financing need
  • ! Earnings quality concerns due to heavy non-operating impacts

Key Metrics to Watch

Claude
  • * Operating cash flow trend and projected runway at current burn rate
  • * Path to operating profitability and timeline to breakeven
  • * Revenue growth sustainability and gross margin stability as company scales
ChatGPT
  • * Operating cash flow (burn rate)
  • * Operating margin (expense discipline)

Solana Co (HSDT) Financial Metrics & Key Ratios

Revenue
$3.6M
Net Income
$-99.8M
EPS (Diluted)
$-1.30
Free Cash Flow
$-4.8M
Total Assets
$200.7M
Cash Position
$4.4M

💡 AI Analyst Insight

Strong liquidity with a 9.90x current ratio provides a solid financial cushion.

HSDT Profit Margin, ROE & Profitability Analysis

Gross Margin 95.0%
Operating Margin -2,751.1%
Net Margin -2,756.1%
ROE -50.4%
ROA -49.7%
FCF Margin -133.6%

HSDT vs Finance Sector: How Solana Co Compares

How Solana Co compares to Finance sector averages

Net Margin
HSDT -2,756.1%
vs
Sector Avg 25.0%
HSDT Sector
ROE
HSDT -50.4%
vs
Sector Avg 12.0%
HSDT Sector
Current Ratio
HSDT 9.9x
vs
Sector Avg 1.2x
HSDT Sector
Debt/Equity
HSDT 0.0x
vs
Sector Avg 2.0x
HSDT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Solana Co Stock Overvalued? HSDT Valuation Analysis 2026

Based on fundamental analysis, Solana Co has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
-50.4%
Sector avg: 12%
Net Profit Margin
-2,756.1%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Solana Co Balance Sheet: HSDT Debt, Cash & Liquidity

Current Ratio
9.90x
Quick Ratio
9.50x
Debt/Equity
0.00x
Debt/Assets
1.5%
Interest Coverage
N/A
Long-term Debt
N/A

HSDT Revenue & Earnings Growth: 5-Year Financial Trend

HSDT 5-year financial data: Year 2021: Revenue $661.0K, Net Income -$14.1M, EPS $-11.80. Year 2022: Revenue $778.0K, Net Income -$18.1M, EPS $-7.38. Year 2023: Revenue $778.0K, Net Income -$14.1M, EPS $-52.13. Year 2024: Revenue $605.0K, Net Income -$8.9M, EPS $-14.56. Year 2025: Revenue $548.0K, Net Income -$11.7M, EPS $-3,282.26.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Solana Co's revenue has declined by 17% over the 5-year period, indicating business contraction. The most recent EPS of $-3,282.26 indicates the company is currently unprofitable.

HSDT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-133.6%
Free cash flow / Revenue

HSDT Quarterly Earnings & Performance

Quarterly financial performance data for Solana Co including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2025 $33.0K -$1.6M $-79.73
Q1 2025 $38.0K -$2.5M $-0.51
Q3 2024 $40.0K -$3.7M $-0.99
Q2 2024 $171.0K -$1.6M $-0.64
Q1 2024 $106.0K -$2.5M $-3.08
Q3 2023 $132.0K -$1.0M $-2.90
Q2 2023 $119.0K -$1.6M $-0.06
Q1 2023 $106.0K -$2.5M $-0.09

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Solana Co Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$4.8M
Cash generated from operations
Stock Buybacks
$3.5M
Shares repurchased (TTM)
Capital Expenditures
$5.0K
Investment in assets
Dividends
None
No dividend program

HSDT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Solana Co (CIK: 0001610853)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 8-K hsdt-20260521x8k.htm View →
May 22, 2026 4 xslF345X06/tm2615490-2_4seq1.xml View →
May 15, 2026 10-Q hsdt-20260331x10q.htm View →
May 15, 2026 8-K hsdt-20260515x8k.htm View →
May 13, 2026 4 xslF345X06/form4-05132026_110559.xml View →

Frequently Asked Questions about HSDT

What is the AI rating for HSDT?

Solana Co (HSDT) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 79% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are HSDT's key strengths?

Claude: Explosive revenue growth of 998% YoY demonstrates strong market demand. Exceptional 95% gross margin indicates viable core product with pricing power. ChatGPT: Very high gross margin (~92%). Minimal leverage with strong current ratio.

What are the risks of investing in HSDT?

Claude: Operating cash burn of $4.8M annually versus $4.4M cash reserves = <1 year runway before potential insolvency. Operating margin of -2751% (spending $28 on operations per $1 revenue) is unsustainable and worsening. ChatGPT: Severe operating losses and -274% FCF margin. Cash balance insufficient versus burn, potential dilution/financing need.

What is HSDT's revenue and growth?

Solana Co reported revenue of $3.6M.

Does HSDT pay dividends?

Solana Co does not currently pay dividends.

Where can I find HSDT SEC filings?

Official SEC filings for Solana Co (CIK: 0001610853) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is HSDT's EPS?

Solana Co has a diluted EPS of $-1.30.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is HSDT a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Solana Co has a SELL rating with 79% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is HSDT stock overvalued or undervalued?

Valuation metrics for HSDT: ROE of -50.4% (sector avg: 12%), net margin of -2,756.1% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy HSDT stock in 2026?

Our dual AI analysis gives Solana Co a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is HSDT's free cash flow?

Solana Co's operating cash flow is $-4.8M, with capital expenditures of $5.0K. FCF margin is -133.6%.

How does HSDT compare to other Finance stocks?

Vs Finance sector averages: Net margin -2,756.1% (avg: 25%), ROE -50.4% (avg: 12%), current ratio 9.90 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 16, 2026 | Data as of: 2026-03-31 | Powered by Claude AI