Hyperion DeFi
Builds and deploys a HYPE treasury across Hyperliquid staking and on-chain services.
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Profile
Builds a HYPE treasury and deploys staked tokens through a validator, fee-sharing service and on-chain yield arrangements. Operating revenue comes mainly from staking and service activity, while the business remains tied to Hyperliquid and HYPE.
Builds a Hyperliquid-native digital-asset treasury around HYPE, then stakes and deploys those tokens through the Kinetiq x Hyperion Validator, HYPE Asset Use Service and on-chain yield arrangements. Revenue comes primarily from native staking rewards, validator commissions, fee-sharing arrangements and listing services; changes in digital-asset values are distinct from operating revenue.
Runs a digital, partner-led operating footprint from Dallas, with services delivered across Hyperliquid and institutional staking infrastructure rather than physical distribution. Dependence remains concentrated in HYPE and Hyperliquid, while validator and on-chain activities require self-custody, functioning smart contracts and partnerships with infrastructure and protocol providers.
The legacy Optejet ophthalmic technology business was scheduled for wind-down after its monetization agreement ended.
Company facts
Key statistics
Year to date −9.4% · Average volume (30d) 425.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 13, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $4 | $7.10 |
| Dec 24, 2025 | Chardan Capital | Target | $7.75 | ||
| Dec 16, 2025 | Cantor Fitzgerald | Target | $4 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $2.24 | $0.92 | −58.9% | $1.3M | $357.7K | −71.8% | +5.20% |
| May 14, 2026Q1 FY26 | $1.32 | −$0.82 | −162.1% | $1.5M | $244.3K | −83.3% | −7.18% |
| Mar 26, 2026Q4 FY25 | −$1.57 | −$7.76 | −394.3% | $698.3K | $496.2K | −28.9% | −2.01% |
| Nov 13, 2025Q3 FY25 | −$7.20 | $0.05 | +100.7% | $500.0K | $302.5K | −39.5% | +0.80% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.7K | $0 | $302.5K | $496.2K | $244.3K | $357.7K | |
| Gross profit | $14.7K | −$75.6K | $302.5K | $193.0K | $244.3K | $357.7K | |
| Operating income | −$3.0M | −$8.4M | −$2.7M | −$4.9M | −$5.0M | −$2.7M | |
| Net income | −$3.5M | −$8.7M | $6.6M | −$39.8M | $8.8M | $31.0M | |
| Diluted EPS | −$4.09 | −$10.32 | $1.85 | −$6.29 | $0.30 | $0.92 | |
| Gross margin | 99.7% | — | 100.0% | 38.9% | 100.0% | 100.0% | |
| Operating margin | -20,588.9% | — | -881.1% | -993.9% | -2,063.5% | -757.5% |
Fiscal years (4-quarter sums)FY24 $57.3K · FY25 $813.5K
Balance sheet, Jun 30, 2026Cash & short-term investments $9.6M · Total debt $8.9M · Total assets $113.1M · Shareholders' equity $101.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 15.16M · Float 13.36M · 88.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Hyunsu Jung · director, officer: See Remarks | 1.35M | 8.88% | Form 4 | Aug 18, 2026 |
| David R. Knox · officer: Chief Financial Officer | 307.1K | 2.03% | Form 4 | Apr 1, 2026 |
| Morgan Stanley | 238.0K | 1.57% | 13F | May 15, 2026 |
| Ellen R. Strahlman · director | 184.9K | 1.22% | Form 4 | Jul 1, 2026 |
| Redwood Wealth Management Group, LLC | 183.3K | 1.21% | 13F | Apr 24, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Hyunsu Jung | director, officer: See Remarks | +7,000 | $3.70 |
| Jun 2, 2026 | Hyunsu Jung | director, officer: See Remarks | +1,000 | $3.66 |
| Dec 31, 2025 | David R. Knox | officer: Chief Financial Officer | +27,950 | $3.59 |
| Dec 26, 2025 | Ellen R. Strahlman | director | +6,912 | $3.86 |
| Dec 29, 2025 | Ellen R. Strahlman | director | +23,968 | $3.60 |
Peers
- Hyperliquid Strategies
Closest HYPE treasury, staking, and validator rival.
- Strategy
Dominant public-market alternative for digital-asset treasury capital.
- BitMine Immersion Technologies
Large ETH treasury combining reserve accumulation with staking and DeFi.
- DeFi Development
Solana treasury and validator peer across L1 adoption and yield.
- Sharplink
Institutional ETH treasury alternative using native and liquid staking.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hyperion DeFi | $3.25 | +0.15% | $49.4M | — | 4.6 | 35.3 | — |
| Hyperliquid Strategies | $11.86 | +2.37% | $1.56B | 17.8 | — | 165.2 | — |
| Strategy | $127.88 | +0.46% | $42.12B | — | 3.7 | 84.5 | +6.9% |
| BitMine Immersion Technologies | $23.70 | −0.27% | $13.56B | — | 58.0 | 221.5 | +2,166.2% |
| DeFi Development | $4.91 | −1.21% | $150.0M | — | — | 9.9 | +66.9% |
| Sharplink | $8.19 | −0.18% | $1.62B | — | 196.9 | 32.2 | +1,553.3% |
| Median | 17.8 | 58.0 | 84.5 | +810.1% |