State Ledger
Company profile

Solana Co CIK 1610853

Ticker
HSDT (Nasdaq)
Industry
Finance Services
Headquarters
Philadelphia, PA 19103
Fiscal year end
2025 (FY)
Market Data
Close
$2.39
Change
+$0.00
Change %
0.00%
Volume
30,453

HSDT · trading date Oct 12, 2026 · previous close $2.39 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$6.02M
Net income
-$40.89M
Total assets
$303.93M
Total liabilities
$3.02M
Stockholders' equity
$300.91M
Cash & equivalents
$7.28M
Operating income
-$243.84M
Operating cash flow
-$16.51M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-03-31. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-4,052.5%
Net margin
-679.6%
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
1.0%
Equity / assets
99.0%
CapEx / revenue
—
Operating cash flow / net income
0.40×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $6.02M -$40.89M $303.93M $3.02M $300.91M
2024 $520.0K -$11.74M $3.54M $2.48M $1.06M
2023 $644.0K -$8.85M $7.69M $5.34M $2.35M
2022 $787.0K -$14.07M $17.29M $9.14M $8.15M
2021 $522.0K -$18.13M $14.10M $2.85M $11.26M
Company Details
SIC code
6199
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13D/A
2026-09-15
Financials filed via
Form 10-K
filed 2026-03-31

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Philadelphia, PA 19103
1650 MARKET STREET
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:52 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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