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

Core Insights - Hyperliquid Strategies Inc reported its financial and operational 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] - The company expressed optimism about its future growth, driven by innovations and the expansion of the Hyperliquid ecosystem, despite facing unrealized losses due to market volatility [1] Financial Highlights - The company reported 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 and a one-time $35.6 million IPR&D write-off [1] - Revenue for the period included $0.9 million in interest income and $0.5 million in staking revenue from HYPE holdings [1] - As of December 31, 2025, the company had total assets of $616.7 million, including $281.9 million in cash and $327.6 million in HYPE tokens [1] Treasury Strategy Progress - The company has $125 million in remaining deployable capital, supported by a $1 billion Equity Line of Credit (ELOC) facility [1] - It has deployed $129.5 million to acquire approximately 5.0 million additional HYPE tokens, increasing total holdings to 17.6 million [1] - The company repurchased approximately 3.0 million PURR shares for $10.5 million, reducing the fully diluted share count to 150.6 million [1] Hyperliquid Ecosystem Momentum - Hyperliquid's decentralized exchange generated over $800 million in annual fees and processed billions in daily trading volumes [1] - Key growth drivers include upcoming innovations like portfolio margin and prediction markets, as well as the rapid adoption of builder codes by major platforms [1] - The company has launched over 100 real-world asset (RWA) perps, enhancing its market offerings [1]