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Side-by-side financial comparison of Solana Co (HSDT) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.
Solana Co is the larger business by last-quarter revenue ($5.2M vs $4.2M, roughly 1.2× Virgin Galactic Holdings, Inc). Solana Co runs the higher net margin — 6227.1% vs -2222.2%, a 8449.2% gap on every dollar of revenue. On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs 125.5%).
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.
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
HSDT vs SPCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $5.2M | $4.2M |
| Net Profit | $325.6M | $-93.8M |
| Gross Margin | 96.6% | -546.6% |
| Operating Margin | -3845.8% | -2412.1% |
| Net Margin | 6227.1% | -2222.2% |
| Revenue YoY | 2725.9% | 125.5% |
| Net Profit YoY | 8388.0% | 30.2% |
| EPS (diluted) | $111.28 | $-4.36 |
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.
| Q4 25 | $5.2M | — | ||
| Q3 25 | $697.0K | — | ||
| Q2 25 | $43.0K | — | ||
| Q1 25 | $49.0K | — | ||
| Q4 24 | $185.0K | — | ||
| Q3 24 | $51.0K | — | ||
| Q2 24 | $182.0K | $4.2M | ||
| Q1 24 | $135.0K | $2.0M |
| Q4 25 | $325.6M | — | ||
| Q3 25 | $-352.8M | — | ||
| Q2 25 | $-9.8M | — | ||
| Q1 25 | $-3.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-1.6M | $-93.8M | ||
| Q1 24 | $-2.5M | $-102.0M |
| Q4 25 | 96.6% | — | ||
| Q3 25 | 85.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 35.2% | -546.6% | ||
| Q1 24 | 8.9% | -1038.1% |
| Q4 25 | -3845.8% | — | ||
| Q3 25 | -5086.1% | — | ||
| Q2 25 | -7725.6% | — | ||
| Q1 25 | -8185.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -7980.4% | — | ||
| Q2 24 | -1796.7% | -2412.1% | ||
| Q1 24 | -2530.4% | -5599.9% |
| Q4 25 | 6227.1% | — | ||
| Q3 25 | -50612.3% | — | ||
| Q2 25 | -22867.4% | — | ||
| Q1 25 | -7832.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -7227.5% | — | ||
| Q2 24 | -885.7% | -2222.2% | ||
| Q1 24 | -1863.7% | -5139.1% |
| Q4 25 | $111.28 | — | ||
| Q3 25 | $-32.89 | — | ||
| Q2 25 | $-79.73 | — | ||
| Q1 25 | $-0.51 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-744.35 | — | ||
| Q2 24 | $-485.30 | $-4.36 | ||
| Q1 24 | $-3.08 | $-5.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.3M | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $300.9M | $394.8M |
| Total Assets | $303.9M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | — | ||
| Q3 25 | $124.1M | — | ||
| Q2 25 | $6.1M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $6.4M | $775.7M | ||
| Q1 24 | $3.6M | $765.2M |
| Q4 25 | $300.9M | — | ||
| Q3 25 | $-152.4M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | $6.3M | $394.8M | ||
| Q1 24 | $2.0M | $417.6M |
| Q4 25 | $303.9M | — | ||
| Q3 25 | $475.9M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $8.8M | $1.1B | ||
| Q1 24 | $5.8M | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $-79.1M |
| Free Cash FlowOCF − Capex | — | $-113.5M |
| FCF MarginFCF / Revenue | — | -2690.7% |
| Capex IntensityCapex / Revenue | — | 815.5% |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-458.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-4.0M | — | ||
| Q2 25 | $-2.8M | — | ||
| Q1 25 | $-3.5M | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-2.9M | $-79.1M | ||
| Q1 24 | $-3.0M | $-113.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-113.5M | ||
| Q1 24 | $-3.0M | $-126.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5970.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2690.7% | ||
| Q1 24 | -2226.7% | -6362.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 815.5% | ||
| Q1 24 | 3.7% | 658.5% |
| Q4 25 | -0.05× | — | ||
| 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.
