Sales up 1057.1%
The latest figures
All key numbers (30) From EDGAR
| EPS (ttm) | 198.04 | Sales (ttm) | 12.1M | Net income (ttm) | -157.3M | Sales growth | n/m | EPS growth | - | Sales Q/Q | n/m |
| Free cash flow | -26.9M | Gross margin | 95.5% | Oper. margin | n/m | Net margin | n/m | FCF margin | -223.2% | ROE | -94.9% |
| ROA | -89.3% | R&D / sales | 58.4% | Dividend | - | Debt/Eq | - | Curr. ratio | 13.31 | Cash | 3.6M |
| Op. cash flow (ttm) | -26.9M | Quick ratio | 12.80 | Stock pay / sales | 153.7% | Shares out. | 60.5M | Book / share | 2.74 | Cash / share | 0.06 |
| Sales / share | 0.20 | Asset turnover | 0.07 | Inventory turns | 0.45 | Days sales out. | 4 | Sales 3Y CAGR | +97.0% | Sales 5Y CAGR | +55.5% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Operating margin narrowed to -4052.5%-2673.7% → -4052.5% · Operating income / revenue · 10-K ↗
HSDT against Crypto peers
Ten years, side by side → · All 32 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| HSDT Solana Company | $12.1M | - | 95.5% | - | -94.9% | -223.2% | - |
| BTCS BTCS | $16.6M | +305% | 26.9% | -746.3% | - | -47.1% | - |
| DFDV DeFi Development | $15.1M | +442% | 97.8% | - | - | -198.9% | - |
| DJT Trump Media & Technology Group | $6.5M | +1.8% | 54.5% | - | -58.2% | -250.8% | 0.68 |
| TRON Tron Inc. | $5.1M | +10.0% | 25.7% | - | 3.6% | - | - |
| ASST Strive | $3.6M | - | - | -591.2% | -1.5% | -592.3% | - |
Profitability
1 of 4- !Net margin below the peer median-1302.8% vs -169.8%
- ✓Gross margin up over 5 years41.3% → 91.7%
- !Return on equity below 15%-94.9%
- !A profit in 0 of 8 years
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2018 to FY2025
Revenue 6.0M Net income -40.9MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Income statement, balance sheet and cash flow
HSDT's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Product sales | 420K | 7.0% | -11.8% |
| Other revenue | 128K | 2.1% | +191% |
10-K 0001104659-26-037194, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 478K | 1.5M | 661K | 522K | 787K | 644K | 520K | 6.0M |
| Cost of revenue | - | - | - | 846K | 388K | 298K | 463K | 583K | 582K | 500K |
| Gross profit | - | - | 478K | 650K | 273K | 224K | 324K | 61K | -62K | 5.5M |
| R&D | 3.6M | 14.4M | 9.9M | 8.1M | 4.6M | 6.0M | 4.3M | 2.9M | 3.7M | 3.5M |
| SG&A | 5.7M | 8.5M | 17.2M | 16.5M | 9.7M | 12.2M | 10.6M | 9.3M | 10.2M | 23.1M |
| Operating income | -9.3M | -22.9M | -26.7M | -24.0M | -14.4M | -18.1M | -15.5M | -12.4M | -13.9M | -243.8M |
| Interest expense | 47K | 0 | 0 | - | - | - | - | - | - | - |
| Pretax income | -6.9M | 28.0M | 28.6M | 9.8M | -14.1M | -18.1M | -14.1M | -8.8M | -11.7M | -40.9M |
| Income tax | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -6.9M | -28.0M | -28.6M | -9.8M | -14.1M | -18.1M | -14.1M | -8.8M | -11.7M | -40.9M |
| EPS (diluted) | -0.12 | -1.50 | -1.26 | -12.99 | -11.80 | -7.38 | -52.13 | -14.56 | -3,282.26 | -1.85 |
| Diluted shares | 67.0M | - | 22.8M | 753K | 1.2M | 2.5M | 270K | 608K | 4K | 22.0M |
| Depreciation & amortization | - | 17K | 59K | 127K | 119K | 112K | 74K | 45K | 36K | - |
| EBITDA | - | -22.8M | -26.6M | -23.9M | -14.3M | -18.0M | -15.4M | -12.4M | -13.9M | - |
| Gross margin | - | - | 100.0% | 43.4% | 41.3% | 42.9% | 41.2% | 9.5% | -11.9% | 91.7% |
| Operating margin | - | - | -5580.5% | -1604.0% | -2176.4% | -3475.5% | -1971.5% | -1929.8% | -2673.7% | -4052.5% |
| Net margin | - | - | -5988.1% | -653.8% | -2137.7% | -3473.6% | -1788.1% | -1374.2% | -2258.1% | -679.6% |
| Revenue growth | - | - | - | +213% | -55.8% | -21.0% | +50.8% | -18.2% | -19.3% | +1057% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 2.6M | - | - | - | - | 11.0M | 14.5M | 5.2M | 1.1M | 7.3M |
| Short-term investments | 0 | - | - | - | - | - | - | - | - | - |
| Receivables | 399K | 704K | 177K | 210K | 74K | 66K | 71K | 117K | 70K | - |
| Inventory | - | - | 392K | 598K | 389K | 476K | 589K | 457K | 1.0M | 1.1M |
| Current assets | 4.0M | 6.6M | 27.0M | 7.2M | 4.7M | 12.6M | 16.7M | 7.4M | 3.4M | 31.2M |
| Property & equipment | - | 173K | 554K | 712K | 486K | 409K | 347K | 178K | 107K | - |
| Goodwill | - | - | - | 1.2M | 759K | 763K | - | - | - | - |
| Total assets | 4.0M | 6.8M | 27.8M | 10.3M | 6.5M | 14.1M | 17.3M | 7.7M | 3.5M | 303.9M |
| Accounts payable | - | 3.5M | 2.4M | 1.7M | 747K | 1.1M | 627K | 531K | 873K | 1.9M |
| Current liabilities | 4.1M | 14.3M | 18.0M | 3.8M | 2.4M | 2.7M | 2.0M | 1.9M | 2.2M | 3.0M |
| Total liabilities | 4.1M | 14.3M | 18.0M | 4.5M | 2.7M | 2.8M | 9.1M | 5.3M | 2.5M | 3.0M |
| Shareholders' equity | -15K | -7.5M | 9.9M | 5.8M | 3.9M | 11.3M | 8.2M | 2.4M | 1.1M | 300.9M |
| Retained earnings | -26.3M | -66.4M | -95.0M | -104.8M | -118.9M | -137.0M | -151.1M | -160.0M | -171.7M | -212.6M |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -7.9M | -19.3M | -19.6M | -21.0M | -11.7M | -13.4M | -14.3M | -10.4M | -11.0M | -16.5M |
| Capital spending | - | 190K | 440K | 278K | 63K | 54K | 17K | 29K | 5K | - |
| Free cash flow | - | -19.5M | -20.1M | -21.3M | -11.8M | -13.4M | -14.3M | -10.4M | -11.0M | - |
| Stock-based pay (added back) | 1.2M | 1.8M | 8.1M | 4.7M | 2.5M | 4.3M | 2.3M | 1.6M | 2.5M | 9.2M |
| Acquisitions | - | - | - | 416K | - | - | - | - | - | - |
| Investing cash flow | 378K | -190K | -440K | -769K | -9K | -56K | -11K | -29K | -5K | -426.5M |
| Financing cash flow | 9.7M | 22.2M | 40.0M | 1.7M | 9.6M | 21.1M | 17.9M | 1.1M | 7.0M | 449.2M |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 1.2M | 1.8M | 8.1M | 4.7M | 2.5M | 4.3M | 2.3M | 1.6M | 2.5M | 9.2M |
| Stock-based pay / revenue | - | - | 1693.5% | 313.6% | 382.6% | 814.6% | 286.4% | 253.0% | 485.0% | 153.7% |
| Operating lease cost | - | - | - | 224K | 107K | 63K | 56K | 54K | 41K | - |
| Operating lease cash paid | - | - | - | 246K | 253K | 63K | - | - | - | - |
| Right-of-use assets | - | - | 700K | 552K | 90K | 3K | 103K | 52K | 11K | - |
| Operating lease liabilities | - | - | 700K | 637K | 91K | 3K | 110K | 57K | 12K | - |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.