SOL Strategies Q3: Houdini Adds $1.2M Revenue, Staking Income Plunges 80%
STKE sits 19% above its 52-week low of $0.847 on light trading volume (0.4× avg).
Summary
SOL Strategies reported fiscal Q3 2026 results, the first quarter to include the Houdini Swap acquisition. Houdini contributed $1.2 million in swap aggregator fees and $768,000 in EBITDA for just one month of operations, with an EBITDA margin over 60%. Core staking and validation income fell sharply to $622,299 from $3.04 million a year earlier, driven by lower Solana prices and reduced per-epoch rewards. Assets under delegation declined 8% year-over-year to 3.4 million SOL, while total SOL holdings dropped to 460,000 SOL (CAD $48 million) from 435,159 SOL (CAD $126.4 million) at September 30, 2025. The company is now reporting on a segmented basis, giving investors their first clear view of Houdini's standalone economics versus the legacy validator business. The results follow the $18 million Houdini acquisition closed June 1 and the recent C$5.75 million SOL token sale to reduce debt.
At the time of this announcement, STKE was trading at $1.01 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $39.6M. The 52-week trading range was $0.85 to $13.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.