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Side-by-side financial comparison of Solana Co (HSDT) and Intellicheck, Inc. (IDN). Click either name above to swap in a different company.

Intellicheck, Inc. is the larger business by last-quarter revenue ($6.6M vs $5.2M, roughly 1.3× Solana Co). Solana Co runs the higher net margin — 6227.1% vs 23.4%, a 6203.7% gap on every dollar of revenue. On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs 11.8%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs 19.1%).

Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.

Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.

HSDT vs IDN — Head-to-Head

Bigger by revenue
IDN
IDN
1.3× larger
IDN
$6.6M
$5.2M
HSDT
Growing faster (revenue YoY)
HSDT
HSDT
+2714.2% gap
HSDT
2725.9%
11.8%
IDN
Higher net margin
HSDT
HSDT
6203.7% more per $
HSDT
6227.1%
23.4%
IDN
Faster 2-yr revenue CAGR
HSDT
HSDT
Annualised
HSDT
522.3%
19.1%
IDN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSDT
HSDT
IDN
IDN
Revenue
$5.2M
$6.6M
Net Profit
$325.6M
$1.6M
Gross Margin
96.6%
91.4%
Operating Margin
-3845.8%
22.5%
Net Margin
6227.1%
23.4%
Revenue YoY
2725.9%
11.8%
Net Profit YoY
8388.0%
218.0%
EPS (diluted)
$111.28
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HSDT
HSDT
IDN
IDN
Q4 25
$5.2M
$6.6M
Q3 25
$697.0K
$6.0M
Q2 25
$43.0K
$5.1M
Q1 25
$49.0K
$4.9M
Q4 24
$185.0K
$5.9M
Q3 24
$51.0K
$4.7M
Q2 24
$182.0K
$4.7M
Q1 24
$135.0K
$4.7M
Net Profit
HSDT
HSDT
IDN
IDN
Q4 25
$325.6M
$1.6M
Q3 25
$-352.8M
$290.0K
Q2 25
$-9.8M
$-251.0K
Q1 25
$-3.8M
$-318.0K
Q4 24
$488.0K
Q3 24
$-3.7M
$-837.0K
Q2 24
$-1.6M
$-127.0K
Q1 24
$-2.5M
$-442.0K
Gross Margin
HSDT
HSDT
IDN
IDN
Q4 25
96.6%
91.4%
Q3 25
85.2%
90.5%
Q2 25
89.8%
Q1 25
89.7%
Q4 24
16.8%
91.1%
Q3 24
91.0%
Q2 24
35.2%
90.5%
Q1 24
8.9%
90.7%
Operating Margin
HSDT
HSDT
IDN
IDN
Q4 25
-3845.8%
22.5%
Q3 25
-5086.1%
4.0%
Q2 25
-7725.6%
-5.8%
Q1 25
-8185.7%
-7.1%
Q4 24
8.1%
Q3 24
-7980.4%
-19.3%
Q2 24
-1796.7%
-4.6%
Q1 24
-2530.4%
-11.2%
Net Margin
HSDT
HSDT
IDN
IDN
Q4 25
6227.1%
23.4%
Q3 25
-50612.3%
4.8%
Q2 25
-22867.4%
-4.9%
Q1 25
-7832.7%
-6.5%
Q4 24
8.2%
Q3 24
-7227.5%
-17.8%
Q2 24
-885.7%
-2.7%
Q1 24
-1863.7%
-9.4%
EPS (diluted)
HSDT
HSDT
IDN
IDN
Q4 25
$111.28
$0.08
Q3 25
$-32.89
$0.01
Q2 25
$-79.73
$-0.01
Q1 25
$-0.51
$-0.02
Q4 24
$0.02
Q3 24
$-744.35
$-0.04
Q2 24
$-485.30
$-0.01
Q1 24
$-3.08
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HSDT
HSDT
IDN
IDN
Cash + ST InvestmentsLiquidity on hand
$7.3M
$9.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$300.9M
$20.7M
Total Assets
$303.9M
$24.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSDT
HSDT
IDN
IDN
Q4 25
$7.3M
$9.7M
Q3 25
$124.1M
$7.2M
Q2 25
$6.1M
$8.6M
Q1 25
$1.1M
$5.1M
Q4 24
$1.1M
$4.7M
Q3 24
$3.5M
$5.7M
Q2 24
$6.4M
$7.3M
Q1 24
$3.6M
$9.2M
Stockholders' Equity
HSDT
HSDT
IDN
IDN
Q4 25
$300.9M
$20.7M
Q3 25
$-152.4M
$18.9M
Q2 25
$6.0M
$18.0M
Q1 25
$1.3M
$17.6M
Q4 24
$1.1M
$17.7M
Q3 24
$3.8M
$16.7M
Q2 24
$6.3M
$17.3M
Q1 24
$2.0M
$17.2M
Total Assets
HSDT
HSDT
IDN
IDN
Q4 25
$303.9M
$24.5M
Q3 25
$475.9M
$25.3M
Q2 25
$7.9M
$23.1M
Q1 25
$3.5M
$24.6M
Q4 24
$3.5M
$20.9M
Q3 24
$5.6M
$20.7M
Q2 24
$8.8M
$21.9M
Q1 24
$5.8M
$22.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HSDT
HSDT
IDN
IDN
Operating Cash FlowLast quarter
$-16.5M
$2.4M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
36.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.05×
1.54×
TTM Free Cash FlowTrailing 4 quarters
$4.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSDT
HSDT
IDN
IDN
Q4 25
$-16.5M
$2.4M
Q3 25
$-4.0M
$-1.7M
Q2 25
$-2.8M
$3.1M
Q1 25
$-3.5M
$750.0K
Q4 24
$-11.0M
$-1.3M
Q3 24
$-2.8M
$-1.1M
Q2 24
$-2.9M
$-1.2M
Q1 24
$-3.0M
$869.0K
Free Cash Flow
HSDT
HSDT
IDN
IDN
Q4 25
$2.4M
Q3 25
$-1.8M
Q2 25
$3.1M
Q1 25
$741.0K
Q4 24
$-11.0M
$-1.3M
Q3 24
$-1.1M
Q2 24
$-1.2M
Q1 24
$-3.0M
$860.0K
FCF Margin
HSDT
HSDT
IDN
IDN
Q4 25
36.0%
Q3 25
-29.2%
Q2 25
60.9%
Q1 25
15.1%
Q4 24
-5970.8%
-22.4%
Q3 24
-23.1%
Q2 24
-25.5%
Q1 24
-2226.7%
18.4%
Capex Intensity
HSDT
HSDT
IDN
IDN
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
2.7%
0.2%
Q3 24
0.0%
0.6%
Q2 24
0.0%
0.2%
Q1 24
3.7%
0.2%
Cash Conversion
HSDT
HSDT
IDN
IDN
Q4 25
-0.05×
1.54×
Q3 25
-5.99×
Q2 25
Q1 25
Q4 24
-2.71×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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