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Side-by-side financial comparison of Solana Co (HSDT) and Nano Labs Ltd (NA). Click either name above to swap in a different company.

Solana Co is the larger business by last-quarter revenue ($5.2M vs $2.7M, roughly 1.9× Nano Labs Ltd). Solana Co runs the higher net margin — 6227.1% vs 754.5%, a 5472.6% gap on every dollar of revenue.

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.

Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...

HSDT vs NA — Head-to-Head

Bigger by revenue
HSDT
HSDT
1.9× larger
HSDT
$5.2M
$2.7M
NA
Higher net margin
HSDT
HSDT
5472.6% more per $
HSDT
6227.1%
754.5%
NA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSDT
HSDT
NA
NA
Revenue
$5.2M
$2.7M
Net Profit
$325.6M
$20.3M
Gross Margin
96.6%
Operating Margin
-3845.8%
Net Margin
6227.1%
754.5%
Revenue YoY
2725.9%
Net Profit YoY
8388.0%
EPS (diluted)
$111.28
$1.03

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
NA
NA
Q4 25
$5.2M
$2.7M
Q3 25
$697.0K
Q2 25
$43.0K
$1.2M
Q1 25
$49.0K
Q4 24
$185.0K
Q3 24
$51.0K
Q2 24
$182.0K
$3.5M
Q1 24
$135.0K
Net Profit
HSDT
HSDT
NA
NA
Q4 25
$325.6M
$20.3M
Q3 25
$-352.8M
Q2 25
$-9.8M
$-985.5K
Q1 25
$-3.8M
Q4 24
Q3 24
$-3.7M
Q2 24
$-1.6M
$-8.0M
Q1 24
$-2.5M
Gross Margin
HSDT
HSDT
NA
NA
Q4 25
96.6%
Q3 25
85.2%
Q2 25
Q1 25
Q4 24
16.8%
Q3 24
Q2 24
35.2%
0.1%
Q1 24
8.9%
Operating Margin
HSDT
HSDT
NA
NA
Q4 25
-3845.8%
Q3 25
-5086.1%
Q2 25
-7725.6%
-459.2%
Q1 25
-8185.7%
Q4 24
Q3 24
-7980.4%
Q2 24
-1796.7%
-237.2%
Q1 24
-2530.4%
Net Margin
HSDT
HSDT
NA
NA
Q4 25
6227.1%
754.5%
Q3 25
-50612.3%
Q2 25
-22867.4%
-85.2%
Q1 25
-7832.7%
Q4 24
Q3 24
-7227.5%
Q2 24
-885.7%
-231.3%
Q1 24
-1863.7%
EPS (diluted)
HSDT
HSDT
NA
NA
Q4 25
$111.28
$1.03
Q3 25
$-32.89
Q2 25
$-79.73
$-0.06
Q1 25
$-0.51
Q4 24
Q3 24
$-744.35
Q2 24
$-485.30
$-0.12
Q1 24
$-3.08

Balance Sheet & Financial Strength

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

Metric
HSDT
HSDT
NA
NA
Cash + ST InvestmentsLiquidity on hand
$7.3M
$4.9M
Total DebtLower is stronger
$24.5M
Stockholders' EquityBook value
$300.9M
$106.5M
Total Assets
$303.9M
$159.3M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSDT
HSDT
NA
NA
Q4 25
$7.3M
$4.9M
Q3 25
$124.1M
Q2 25
$6.1M
$50.8M
Q1 25
$1.1M
Q4 24
$1.1M
Q3 24
$3.5M
Q2 24
$6.4M
$3.3M
Q1 24
$3.6M
Total Debt
HSDT
HSDT
NA
NA
Q4 25
$24.5M
Q3 25
Q2 25
$24.8M
Q1 25
Q4 24
Q3 24
Q2 24
$22.5M
Q1 24
Stockholders' Equity
HSDT
HSDT
NA
NA
Q4 25
$300.9M
$106.5M
Q3 25
$-152.4M
Q2 25
$6.0M
$86.8M
Q1 25
$1.3M
Q4 24
$1.1M
Q3 24
$3.8M
Q2 24
$6.3M
$-5.1M
Q1 24
$2.0M
Total Assets
HSDT
HSDT
NA
NA
Q4 25
$303.9M
$159.3M
Q3 25
$475.9M
Q2 25
$7.9M
$206.4M
Q1 25
$3.5M
Q4 24
$3.5M
Q3 24
$5.6M
Q2 24
$8.8M
$51.2M
Q1 24
$5.8M
Debt / Equity
HSDT
HSDT
NA
NA
Q4 25
0.23×
Q3 25
Q2 25
0.29×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
NA
NA
Operating Cash FlowLast quarter
$-16.5M
$-8.3M
Free Cash FlowOCF − Capex
$-8.4M
FCF MarginFCF / Revenue
-312.3%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
-0.05×
-0.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSDT
HSDT
NA
NA
Q4 25
$-16.5M
$-8.3M
Q3 25
$-4.0M
Q2 25
$-2.8M
$-7.1M
Q1 25
$-3.5M
Q4 24
$-11.0M
Q3 24
$-2.8M
Q2 24
$-2.9M
$-10.8M
Q1 24
$-3.0M
Free Cash Flow
HSDT
HSDT
NA
NA
Q4 25
$-8.4M
Q3 25
Q2 25
$-7.2M
Q1 25
Q4 24
$-11.0M
Q3 24
Q2 24
$-15.4M
Q1 24
$-3.0M
FCF Margin
HSDT
HSDT
NA
NA
Q4 25
-312.3%
Q3 25
Q2 25
-620.3%
Q1 25
Q4 24
-5970.8%
Q3 24
Q2 24
-443.4%
Q1 24
-2226.7%
Capex Intensity
HSDT
HSDT
NA
NA
Q4 25
2.9%
Q3 25
Q2 25
7.2%
Q1 25
Q4 24
2.7%
Q3 24
0.0%
Q2 24
0.0%
133.1%
Q1 24
3.7%
Cash Conversion
HSDT
HSDT
NA
NA
Q4 25
-0.05×
-0.41×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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