Overview

* SolanaQ3 net loss of $352.8 mln

* Company reported a significant unrealized loss on digital assets

* Solanaapproved a stock repurchase program for up to $100 mln

Outlook

* Company did not provide specific guidance for future quarters in its press release

Result Drivers

* DIGITAL ASSET STRATEGY - Partnership with Pantera and Summer Capital secured over $500 mln to support digital asset treasury strategy

* FINANCIAL POSITION - Launched ATM program and issued cash-exercise warrants to enhance financial flexibility

* An unrealized loss on digital assets of $30.5 million resulted from the net change in fair value of digital assets held by the Company as of quarter end

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$352.8

Income mln

Q3 $36 mln

Operatin

g

Expenses

Q3 -$35.5

Operatin mln

g Income

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the investment management & fund operators peer group is "buy."

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)