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STKESol Strategies Inc. Common Shares
$1.64$42M
Overview & Verdict
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STKE logoSol Strategies Inc. Common Shares(STKE)Earnings, Financials & Key Ratios

STKE•NASDAQ
$1.64
Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustrySpecialty finance and niche asset platforms
AboutSol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. It operates Validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to Validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and changed its name to Sol Strategies Inc. in September 2024. Sol Strategies Inc. was incorporated in 2002 and is based in Toronto, Canada.Show more
  • EBITDA-$35M-520.5%
  • Net Income-$35M-630.2%
  • EPS (Diluted)-1.74-643.8%
  • ROE-49.52%-263.2%

STKE Price & Volume

Sol Strategies Inc. Common Shares (STKE) stock price & volume — 10-year historical chart

Loading chart...

Volatile Asset Exposure Masks Deep Operational Burn

Investment Thesis • Updated 2026Q2

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Protocol-dependent liquidity constraints

Key Thesis Takeaways

  • Sol Strategies faces significant fundamental headwinds as its business model remains tethered to erratic digital asset rewards, resulting in a $90.1 million net loss in 2026Q2.
  • The firm's aggressive pivot toward concentrated infrastructure holdings has led to a rapid erosion of equity from $114.8 million in 2025Q4 to $40.9 million in 2026Q2.
  • Investors should remain cautious given the precarious liquidity profile and the company's persistent inability to generate positive free cash flow, which remains a critical risk to long-term solvency.

Verdict Logic

the company's fundamental health is undermined by a $90.1 million net loss in 2026Q2 and a precarious current ratio of 0.09, suggesting significant risk to capital preservation.

STKE Growth Metrics

Sol Strategies Inc. Common Shares (STKE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-5820.75%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-3824.53%

Return on Capital

10 Years-10.73%
5 Years-10.73%
3 Years-16.22%
Last Year-54.73%

STKE Recent Earnings

Sol Strategies Inc. Common Shares (STKE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 0/8 qtrs (0%)●Beat Revenue 0/8 qtrs (0%)
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$1.78-1076.2%
$0.15
Rev
$1M+0.0%
$1M
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.31-53.6%
$0.20
Rev
$3M-224.2%
$2M
Q4 2025
Dec 30, 2025
Metric
Actual
Est
EPS
$0.80-433.3%
$0.15
Rev
$3M-7.3%
$3M
Q3 2025
Jun 30, 2025
Metric
Actual
Est
EPS
$0.39-65.7%
$0.23
Rev
$300,492-85.4%
$2M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$1.78vs $0.15-1076.2%
$1Mvs $1M+0.0%
Q1 2026Feb 18, 2026
$0.31vs $0.20-53.6%
$3Mvs $2M-224.2%
Q4 2025Dec 30, 2025
$0.80vs $0.15-433.3%
$3Mvs $3M-7.3%
Q3 2025Jun 30, 2025
$0.39vs $0.23-65.7%
$300,492vs $2M-85.4%
Based on last 8 quarters of dataView full earnings history →

Latest STKE News

Recent stock market news and headlines for Sol Strategies Inc. Common Shares (STKE)

Newsfile Corp·6 days ago
SOL Strategies June 2026 Monthly Business Update

Houdini Swap distribution expands through Jumper integration Toronto, Ontario--(Newsfile Corp. - July 2, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), a digital asset infrastructure company focused on high performance blockchain and privacy technologies, today shared a corporate update for the month of June 2026. Houdini Swap: SOL Strategies closed the Houdini Swap acquisition on June 1, 2026.

Newsfile Corp·Jun 26, 2026
SOL Strategies Announces Filing of Amended and Restated Q2 Fiscal 2026 Interim Financial Statements and MD&A

Toronto, Ontario--(Newsfile Corp. - June 26, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), a digital asset infrastructure company focused on high performance blockchain and privacy technologies, today announced that it has filed on SEDAR+ its amended and restated interim unaudited condensed financial statements and related management's discussion and analysis for the three and six months ended March 31, 2026 (collectively, the "Amended Filings"). The Amended Filings fully replace the interim financial statements and MD&A for the same period originally filed on May 15, 2026, and were prepared to correct certain presentation and classification matters identified through review by the Company's auditor, Davidson & Company LLP.

Newsfile Corp·Jun 18, 2026
SOL Strategies's Houdini Swap to Bring Private Cross-Chain Transactions to Jumper

Jumper users will be able to swap, bridge, and receive privately, powered by Houdini's API In a release issued June 18, 2026, titled "SOL Strategies's Houdini Swap Brings Private Cross-Chain Transactions to Jumper," the Company stated that the integration was live and that private transactions were available on jumper.xyz. That was not accurate as of the time of issuance.

Newsfile Corp·Jun 18, 2026
SOL Strategies's Houdini Swap Brings Private Cross-Chain Transactions to Jumper

Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) today announced that Houdini Swap

Peers Comparison

Key metrics vs top competitors for Sol Strategies Inc. Common Shares (STKE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STKE logoSTKESol Strategies Inc. Common SharesCurrent
$1.64$42.04M-1.34——-49.52%—
COIN logoCOINCoinbase Global, Inc.
$163.51$43.08B36.749.4%13.78%5.68%—
MSTR logoMSTRStrategy Inc
$97.36$32.51B-6.392.97%-2519.39%-24.09%—
SMLR logoSMLRSemler Scientific, Inc.
$20.33$310.75M3.96-17.44%130.8%10.51%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—

Compare STKE vs Peers

Sol Strategies Inc. Common Shares (STKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COIN

Most directly comparable listed peer for STKE.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare STKE against a more recognizable public peer.

Peer Set

Compare Top 5

vs COIN, MSTR, SMLR, MARA

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STKE Frequently Asked Questions

Sol Strategies Inc. Common Shares (STKE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Sol Strategies Inc. Common Shares's revenue?

Sol Strategies Inc. Common Shares (STKE) reported $-14.2M in revenue for fiscal year 2025.

Is STKE profitable?

Sol Strategies Inc. Common Shares (STKE) reported a net loss of $135.4M for fiscal year 2025.

Dividend & Returns
What is STKE's return on equity?

Sol Strategies Inc. Common Shares (STKE) has a return on equity (ROE) of -49.5%. Negative ROE indicates the company is unprofitable.

What is Sol Strategies Inc. Common Shares's free cash flow?

Sol Strategies Inc. Common Shares (STKE) had negative free cash flow of $13.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in STKE back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →