SOLANA COMPANY
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-30.3M | $-99.8M | $325.5M | $-352.8M | $-9.8M | $-3.8M | $-3.9M | $-3.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | $9.0K | $8.0K | $9.0K | $9.0K |
| Amortization | — | — | — | — | — | — | $3.0K | $7.0K |
| Stock-Based Compensation | $63.0K | $90.0K | $7.7M | $473.0K | $409.0K | $622.0K | $428.0K | $1.3M |
| Net Cash from Operating Activities | $-11.9M | $-4.8M | $-6.2M | $-4.0M | $-2.8M | $-3.5M | $-2.4M | $-2.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $0 | $0 |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $5.5M | $5.5M | — | — | — | — | $0 | $0 |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.3M | $3.5M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $5.7M | $-3.5M | $48.6M | $389.4M | $7.7M | $3.6M | $0 | $-149.0K |
| Net Change in Cash | $-748.0K | $-2.9M | $-116.8M | $118.0M | $5.0M | $21.0K | $-2.4M | $-2.9M |
| Free Cash Flow | — | — | — | — | — | — | $-2.4M | $-2.8M |