Hyperliquid Strategies Inc PURR
We are a Delaware corporation and U.S. publicly listed digital asset treasury company. Our primary business is accumulating HYPE, the native token of the Hyperliquid Layer 1 blockchain ecosystem ("HYPE" or "HYPE Tokens"), on behalf of our stockholders. The Company's primary strategic objective is to benefit from the growth of the Hyperliquid ecosystem directly through its ownership of HYPE tokens, through pursuing income earning activities related to the Hyperliquid ecosystem, or by otherwise fostering growth of the Hyperliquid ecosystem. The Hyperliquid ecosystem has positioned itself to play an increasingly larger role in the global financial system, and the Company believes finding ways in which to participate in its growth offers the potential to generate long-term value for the Company's stockholders. There can be no assurance, however, as to the future growth of the Hyperliquid protocol or the value of the HYPE token.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 |
|---|---|---|
| Revenue | $9.5M | — |
| Total operating expenses | -$491.2M | — |
| Operating income | $500.6M | — |
| Pre-tax income | $489.0M | — |
| Income tax | $183.5M | — |
| Net income | $305.5M | — |
| EPS, basic | 3.21 | — |
| EPS, diluted | 3.21 | — |
| Shares, diluted (wtd. avg.) | $79.8M | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 |
|---|---|---|
| Cash and equivalents | $137.9M | $0 |
| Receivables | $405.0K | $0 |
| Total current assets | $152.4M | $0 |
| Goodwill | $0 | — |
| Total assets | $2.06B | $0 |
| Accounts payable | $1.2M | $597.0K |
| Total current liabilities | $3.7M | $597.0K |
| Total liabilities | $187.1M | $597.0K |
| Retained earnings | $304.9M | -$597.0K |
| Total equity | $1.87B | $0 |
Cash flow
| Fiscal year | FY2026 | FY2025 |
|---|---|---|
| Operating cash flow | -$19.1M | — |
| Stock-based compensation | $893.0K | — |
| Investing cash flow | -$777.4M | — |
| Financing cash flow | $934.5M | — |
| Buybacks | $10.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-370281.
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