Hyperliquid Strategies reports $152.5M Q3 profit on $198.4M HYPE token gains, 20M treasury

Filed May 7, 2026 · Period ending May 7, 2026 · ~2 min read

Key Changes

• high

  Q3 net profit of $152.5M driven by $198.4M unrealized gains on HYPE tokens, partially offset by $42.7M deferred tax expense; nine-month net loss of $165.4M reflects $64M unrealized token losses and $35.6M IPR&D write-off.

  Exhibit 99.1 verify on EDGAR →
• high

  Treasury holds 20M HYPE tokens ($689M at $36.60/token as of March 31) and $103M cash with zero debt; deployed $216M to acquire 7.3M tokens at $29.53 average since December 2025 inception.

  Exhibit 99.1 verify on EDGAR →
• medium

  Validator partnership with Unit Labs launching May 11, 2026 will generate recurring commission income and improve staking economics on HYPE holdings, diversifying revenue beyond token price movements.

  Exhibit 99.2 verify on EDGAR →