Franklin Solana Trust Posts $377,689 Net Loss in First Month of Operations
Franklin Solana Trust reported a net loss of $377,689 for the period ending December 31, 2025. The newly launched cryptocurrency trust held $3.19 million in total assets at quarter-end with zero cash balances.
Franklin Solana Trust reported a net loss of $377,689 for the period from December 3 through December 31, 2025, its first month of operations. The Delaware-incorporated trust held total assets of $3.19 million as of December 31, with no cash or cash equivalents on its balance sheet. Read more earnings reports.
The trust's balance sheet showed zero liabilities at period-end. Total stockholders' equity rose to $3.44 million on December 31 from $2.33 million on December 2, an increase of $1.12 million. The trust has 350,000 shares outstanding.
Cash flow statements revealed the trust burned $1.12 million from operations during the December reporting period. That outflow was offset by $1.12 million in cash from financing activities, leaving the trust with no cash balance at year-end.
Key Financial Data
| Metric | Period | Amount |
|---|---|---|
| Net Loss | Dec 3-31, 2025 | ($377,689) |
| Total Assets | As of Dec 31, 2025 | $3,192,762 |
| Total Liabilities | As of Dec 31, 2025 | $0 |
| Stockholders' Equity | As of Dec 31, 2025 | $3,444,848 |
| Stockholders' Equity | As of Dec 2, 2025 | $2,325,457 |
| Cash from Operations | Dec 3-31, 2025 | ($1,119,391) |
| Cash from Financing | Dec 3-31, 2025 | $1,119,391 |
| Cash Balance | As of Dec 31, 2025 | $0 |
The trust is classified as a non-accelerated filer and qualifies as a small business under regulatory definitions. The filing covered Q3 of the company's fiscal year 2026, which ends March 31, 2026.