Hyperliquid Strategies Inc Reports Financial Results for the Quarter Ended December 31, 2025

Core Insights - Hyperliquid Strategies Inc reported financial results for the quarter and six months ended December 31, 2025, highlighting its position as a leading digital asset treasury platform focused on the Hyperliquid ecosystem [1] Financial Performance - The company experienced a net loss of $317.9 million for the six months ended December 31, 2025, primarily due to $262.4 million in unrealized losses on HYPE tokens, a one-time $35.6 million IPR&D write-off, and a $17.8 million increase in deferred tax expense [1] - Revenue generated included $0.9 million in interest income and $0.5 million in staking revenue from HYPE holdings [1] - The company reported a strong balance sheet with $589.8 million in stockholders' equity and no debt, and total assets of $616.7 million as of December 31, 2025 [1] Treasury Strategy - Hyperliquid Strategies Inc established a strong initial treasury with 12.5 million HYPE tokens and $300 million in cash contributed by investors [1] - As of February 3, 2026, the company had $125 million in remaining deployable capital and a $1 billion Equity Line of Credit (ELOC) facility [1] - The company deployed $129.5 million to acquire approximately 5.0 million additional HYPE tokens, increasing total HYPE holdings to 17.6 million [1] Ecosystem Growth - Hyperliquid's decentralized exchange generated over $800 million in annual fees and processed billions in daily trading volumes [1] - Key drivers of ecosystem growth include upcoming innovations such as portfolio margin and prediction markets, as well as explosive growth in real-world asset (RWA) perps with over 100 perps launched [1] - Rapid adoption of builder codes by major platforms is enabling permissionless front-end integrations and generating tens of millions in fees [1] Company Updates - The company plans to relaunch its website on February 11, 2026, which will include a section tracking the "Adjusted Net Asset Value" for enhanced transparency [1] - An audio webcast with Q&A is scheduled for February 11, 2026, featuring CEO David Schamis and CFO Brett Beldner [1]