Company research
Hyperliquid Strategies Inc
CIK 2078856Updated Nov 13, 2026
SecurityPURR · NASDAQ · equity
PURR price & chart
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NASDAQ:PURR on TradingView ↗About the company
Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is currently the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid’s rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets. For more information, please visit www.hypestrat.xyz.
In the news
Hyperliquid Strategies Inc Announces Increase of Stock Repurchase Program to $100 Million ↗
Recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q3 2026 | Q2 2026 | FY 2026 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 810,409,000Source | 616,639,000Source | 2,060,008,000Source |
| GoodwillUSD | 0Source | 0Source | 0Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 113,064,000Source | 281,926,000Source | 137,917,000Source |
| Assets, CurrentUSD | 117,405,000Source | 287,108,000Source | 152,406,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 3,562,000Source | 5,182,000Source | 14,084,000Source |
| Other Assets, NoncurrentUSD | 923,000Source | 1,921,000Source | 875,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 66,907,000Source | 26,874,000Source | 187,137,000Source |
| Stockholders’ equity: | |||
| Preferred Stock, Value, IssuedUSD | 2,000Source | 2,000Source | 2,000Source |
| Common Stock, Value, IssuedUSD | 1,273,000Source | 1,270,000Source | 2,036,000Source |
| Retained Earnings (Accumulated Deficit)USD | -165,948,000Source | -318,458,000Source | 304,945,000Source |
| Stockholders' Equity Attributable to ParentUSD | 743,502,000Source | 589,765,000Source | 1,872,871,000Source |
| Additional Paid in Capital, Common StockUSD | 918,747,000Source | 917,094,000Source | 1,576,369,000Source |
| Liabilities and EquityUSD | 810,409,000Source | 616,639,000Source | 2,060,008,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 6,442,000Source | 9,079,000Source | 3,662,000Source |
| Accounts Payable, CurrentUSD | 2,552,000Source | 2,420,000Source | 1,190,000Source |
| Deferred Income Tax Liabilities, NetUSD | 60,465,000Source | 17,795,000Source | 183,475,000Source |
| Additional Financial Items | |||
| Deferred Tax Liabilities, NetUSD | — | — | 183,475,000Source |
cash flow · annual statements
| Line item | Q4 2026 | Q3 2026 | Q2 2026 | FY 2026 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 893,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | 405,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | -2,114,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | 183,475,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | -19,147,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | -777,419,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | — | 10,481,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | 934,483,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | 137,917,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 186,000Source | — | 893,000Source |
| GoodwillUSD | — | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -362,000Source |
| Income Tax Expense (Benefit)USD | — | 42,670,000Source | 17,795,000Source | 183,475,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 152,510,000Source | -304,463,000Source | 305,542,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 125,590,000Source | — | 256,184,000Source |
| Operating ExpensesUSD | — | -191,188,000Source | 288,046,000Source | -491,163,000Source |
| Other Nonoperating Income (Expense)USD | — | 1,366,000Source | 878,000Source | -11,606,000Source |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — |
income statement · annual statements
| Line item | Q4 2026 | Q3 2026 | Q2 2026 | FY 2026 |
|---|---|---|---|---|
| Total RevenueUSD | — | 2,626,000Source | 500,000Source | 9,460,000Source |
| Operating Income (Loss)USD | — | 193,814,000Source | -287,546,000Source | 500,623,000Source |
| Other Nonoperating Income (Expense)USD | — | 1,366,000Source | 878,000Source | -11,606,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | 195,180,000Source | -286,668,000Source | 489,017,000Source |
| Income Tax Expense (Benefit)USD | — | 42,670,000Source | 17,795,000Source | 183,475,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 152,510,000Source | -304,463,000Source | 305,542,000Source |
| Earnings Per Share, BasicUSD per share | — | 1.01Source | -7.43Source | 3.21Source |
| Earnings Per Share, DilutedUSD per share | — | 1.01Source | -7.43Source | 3.21Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 124,036,555Source | 41,004,125Source | 79,774,081Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | 124,044,456Source | 41,004,125Source | 79,798,538Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | — | — | — | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | 182,200,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -362,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 125,590,000Source | — | 256,184,000Source |
| Operating ExpensesUSD | — | -191,188,000Source | 288,046,000Source | -491,163,000Source |
| Other IncomeUSD | — | 323,000Source | — | 323,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | 26,920,000Source | — | 49,358,000Source |
Offerings
Registration 333-298932
Registration 333-296145
Filing attachments
purr-ex99_1.htm · 8-K · 2026-11-05
Exhibit 99.1 Hyperliquid Strategies Inc Reports Financial Results for the Quarter Ended September 30, 2026 New York, New York, November 5, 2026 - Hyperliquid Strategies Inc (NASDAQ: PURR) (“HSI” or the “Company”), the premier digital asset treasury platform focused on the Hyperliquid ecosystem, today reported its financial and operational results for the quarter ended September 30, 2026. "We deployed $802 million this quarter and filed an application to become a futures commission merchant," …
Read attachment ↗purr-ex99_2.htm · 8-K · 2026-11-05
November 5, 2026 Quarterly Earnings Review September 30, 2026 Exhibit 99.2 IMPORTANT INFORMATION Disclaimer Information contained in this presentation has been obtained from published and non-published sources. Such information has not been independently verified by Hyperliquid Strategies Inc (“HSI,” the “Company,” “we” or “us”), and the Company does not assume responsibility for the accuracy of such information. Without limiting the generality of the foregoing, information in this presentation…
Read attachment ↗purr-ex99_1.htm · 8-K · 2026-10-26
Exhibit 99.1 Hyperliquid Strategies Inc Announces Increase of Stock Repurchase Program to $100 Million New York, New York, October 23, 2026 - Hyperliquid Strategies Inc (NASDAQ: PURR) (“HSI” or the “Company”), the premier digital asset treasury platform focused on the Hyperliquid ecosystem, today announced that its Board of Directors has authorized an increase to its previously announced stock repurchase program from $30 million to up to $100 million (of which approximately $72 million remains…
Read attachment ↗purr-ex4_5.htm · 424B3 · 2026-08-27
EXHIBIT 4.5 HYPERLIQUID STRATEGIES INC DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following summary of the terms of the capital stock of Hyperliquid Strategies Inc (the “Company”) is not meant to be complete and is qualified in its entirety by reference to the amended and restated articles of incorporation (the “Company Charter”) and the amended and restated bylaws of the Company (the “Company Bylaws”) and applicable Delaware law, …
Read attachment ↗purr-ex4_5.htm · 424B3 · 2026-08-27
EXHIBIT 4.5 HYPERLIQUID STRATEGIES INC DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following summary of the terms of the capital stock of Hyperliquid Strategies Inc (the “Company”) is not meant to be complete and is qualified in its entirety by reference to the amended and restated articles of incorporation (the “Company Charter”) and the amended and restated bylaws of the Company (the “Company Bylaws”) and applicable Delaware law, …
Read attachment ↗purr-ex4_5.htm · 10-K · 2026-08-27
EXHIBIT 4.5 HYPERLIQUID STRATEGIES INC DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following summary of the terms of the capital stock of Hyperliquid Strategies Inc (the “Company”) is not meant to be complete and is qualified in its entirety by reference to the amended and restated articles of incorporation (the “Company Charter”) and the amended and restated bylaws of the Company (the “Company Bylaws”) and applicable Delaware law, …
Read attachment ↗