Solana Co. (HSDT) intrinsic value & 10-year financials
Solana Co. (HSDT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.0% a year to $548.0K, with an average return on invested capital of 3361.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.24
- Market cap
- $49.4M
- Revenue (FY2025)
- $548.0K
- Revenue growth (10-yr CAGR)
- 2.0%
- ROIC (10-yr avg)
- 3361.3%
- Free cash flow (FY2025)
- —
HSDT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $548.0K | -$40.9M | -$1.85 | — | -44496.4% | -161.5% |
| FY2024 | $476.0K | -$11.7M | -$0.54 | -$11.0M | -2920.8% | 493.0% |
| FY2023 | $605.0K | -$8.8M | -$1.82 | -$10.4M | -2054.2% | 271.3% |
| FY2022 | $778.0K | -$14.1M | -$0.13 | -$14.3M | -1994.3% | 244.7% |
| FY2021 | $522.0K | -$18.1M | -$0.92 | -$13.4M | -3475.5% | -3171.7% |
| FY2020 | $661.0K | -$14.1M | -$0.74 | -$11.8M | -2176.4% | -2036.2% |
| FY2019 | $1.5M | -$9.8M | -$0.02 | -$21.3M | -1604.0% | -2853.3% |
| FY2018 | $478.0K | -$28.6M | -$0.08 | -$20.1M | -5580.5% | -2421.6% |
| FY2017 | — | -$28.0M | — | -$19.5M | — | 746.7% |
| FY2016 | — | -$6.9M | -$0.01 | — | — | 42501.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Solana Co revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Solana Co has earned high returns on invested capital, averaging 33.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Solana Co shows that management has aggressively returned capital to shareholders by retiring 97.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Solana Co is modeled at 2.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-19.86 per share.