NASDAQ: PURR
Hyperliquid Strategies IncCIK 0002078856 · Financials · SIC 6199 · Finance Services
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Hyperliquid Strategies raises $647M net via equity facility; Sonnet merger closed Dec 2025
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Hyperliquid raises CEO base to $600K, sets $2M-up to $3M equity targets; formalizes COO package
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Hyperliquid Strategies S-1/A: Minor lock-up clarification, no material changes
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PURR raises $586M via equity facility to buy HYPE; custodian conflict & validator risk disclosed
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Hyperliquid Strategies (PURR) selling stockholder offers 35.2M shares at $1.00/share; company receives no proceeds from secondary sale
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Hyperliquid Strategies (PURR) raises $64.6M net proceeds to buy HYPE tokens; reports $169.2M net loss
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Hyperliquid Strategies reports $152.5M Q3 net income on $198.4M HYPE token gains; $10.6M buyback
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Hyperliquid Strategies reports $152.5M Q3 profit on $198.4M HYPE token gains, 20M treasury
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Latest financial statements
From 10-Q filed May 8, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q3 ended Mar 31, 2026 | Q2 ended Dec 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 2.6 | 0.5 |
| Operating expenses: | ||
| Total operating expenses | (191.2) | 288.0 |
| Operating income | 193.8 | (287.5) |
| Other income/(expense), net | 1.4 | 0.9 |
| Income before income taxes | 195.2 | (286.7) |
| Income tax expense/(benefit) | 42.7 | 17.8 |
| Net income | 152.5 | |
| Basic earnings per share | 1.01 | (7.43) |
| Diluted earnings per share | 1.01 | (7.43) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 113.1 | 281.9 |
| Prepaid expenses and other current assets | 3.6 | 5.2 |
| Total current assets | 117.4 | 287.1 |
| Goodwill | — | — |
| Deferred income taxes and other assets | 0.9 | 1.9 |
| Other long-term assets | 692.1 | 327.6 |
| TOTAL ASSETS | 810.4 | 616.6 |
| Current liabilities: | ||
| Accounts payable | 2.6 | 2.4 |
| Accrued liabilities | 3.9 | 6.7 |
| Total current liabilities | 6.4 | 9.1 |
| Deferred income taxes and other liabilities | 60.5 | 17.8 |
| Total liabilities | 66.9 | 26.9 |
| Shareholders' equity: | ||
| Common stock | 1.3 | 1.3 |
| Capital in excess of stated value | 918.7 | 917.1 |
| Retained earnings (deficit) | (165.9) | (318.5) |
| Treasury stock | 10.6 | 10.1 |
| Total shareholders' equity | 743.5 | 589.8 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 810.4 | 616.6 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended Mar 31, 2026 | Six months ended Dec 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (15.3) | (8.3) |
| Investing Activities: | ||
| Net cash from investing activities | (160.9) | 1.3 |
| Financing Activities: | ||
| Net cash from financing activities | 289.2 | 288.9 |
| Net increase/(decrease) in cash | 113.1 | 281.9 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗