Solana

Q2 FY2026 EarningsQ2 FY26 results missed consensus on both top and bottom lines: revenue of $2.53M fell short of the $3.50M estimate, while GAAP EPS of -$0.38 was significantly wider than the -$0.02 consensus. The variance was driven by higher-than-expected operating expenses, including $6.8M in severance from the PoNS divestiture, and $23M+ in realized losses on digital assets. Despite the earnings miss, the company completed its strategic pivot to a digital asset treasury and infrastructure model, achieving a 97% gross margin on staking revenue.