How many subsidiaries does Solana Co file with the SEC?

5, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, Hong Kong, Texas, Canada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Solana Co financially healthy?

Solana Co scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Solana Co?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (unchanged). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Solana Co (HSDT)

Nasdaq · Common Stock · Finance Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

5 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Which other public companies file entities in the same places:

Delaware2 Hong Kong1 Texas1 Canada1

Subsidiaries of Solana Co as disclosed in its SEC filing
Entity	Jurisdiction	Note
Marvel Operations Corp.	Delaware
Solana Company (Hong Kong) Limited	Hong Kong
Helius Medical, Inc.	Delaware
Revelation Neuro, Inc.	Texas
Helius Medical Technologies (Canada), Inc.	Canada

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

FAILReturn on assets positiveROA -13.5%
FAILOperating cash flow positiveOCF -17M
PASSReturn on assets improving-331.5% → -13.5%
PASSCash flow exceeds earningsOCF -17M vs NI -41M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.58 → 10.33
FAILNo share dilution3M → 22M shares
PASSGross margin improving-11.9% → 91.7%
FAILAsset turnover improving0.15× → 0.02×

Altman Z-score

27.46safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	—	−$14.1M	−$11.8M	—	1,197,774
FY2021	$522,000	−$18.1M	−$13.4M	42.9%	2,456,782
FY2022	$787,000	−$14.1M	−$14.3M	41.2%	13,497,159
FY2023	$644,000	−$8.8M	−$10.4M	9.5%	607,890
FY2024	$520,000	−$11.7M	−$11.0M	-11.9%	2,709,781

Ownership flow

6 institutions tracked — 2 added, 2 reduced. Index money added 313,130 shares while active managers cut 98,799.

Institutional holders of Solana Co and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	632,919	+171,717	$1.0M
GEODE CAPITAL MANAGEMENT, LLC	Index	512,017	+141,413	$845,165
MORGAN STANLEY	Active fund	136,476	−83,441	$225,185
CITADEL ADVISORS LLC	Hedge fund	73,742	−15,358

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $3.5M

Identity

CIK: 0001610853
LEI: 391200AP09S2GHKQAW63
FIGI: BBG006QSQYY6
SIC: 6199 · Finance Services
Incorporated: DE
Headquarters: PHILADELPHIA, PA

Ownership

Institutional: 25.9%
Institutions: 47
Insiders: 16.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about Solana Co

How many subsidiaries does Solana Co file with the SEC?: 5, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, Hong Kong, Texas, Canada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Solana Co financially healthy?: Solana Co scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Solana Co?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (unchanged). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.