Solana Co Q2 FY26 net loss widens to $30.3 million; revenue rises to $2.5 million
Reuters2026/08/14 20:25- Solana Company posted Q2 2026 revenue of $2.5 million, up from $43,000 a year earlier; net loss widened to $30.3 million.
- Loss per share narrowed to $0.38 from $79.73; operating loss widened to $32.7 million from $3.3 million.
- General and administrative expenses climbed to $11.1 million from $3.3 million, including $6.8 million of severance tied to the PoNS divestiture.
- Nonoperating income totaled $2.4 million, including a $3.1 million gain on the sale of the PoNS business.
- Built its first institutional validator cluster in Tokyo; signed a partnership with the Jito Foundation to expand Asia-Pacific Solana infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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