Financial Performance (Q3 2025) - Hyperion DeFi's HYPE digital assets totaled $37,954,590[8] - Gross HYPE Holdings reached $77,751,604[8] - Net Asset Value amounted to $74,545,583[8] - The company reported revenue of $302,506 and adjusted revenue of $361,277[8] - Net income was $6,625,582, with $5,830,582 attributable to participating securities[8] - Adjusted EBITDA stood at $7,951,003[8] Hyperliquid (HYPE) Ecosystem - Hyperliquid is ranked as a Top 1 revenue cryptocurrency[10] - Hyperliquid's market cap is approximately $1434 billion, placing it among the top 12 cryptocurrencies[12, 17] - The platform generates an annualized revenue of over $13 billion, with 99% allocated to daily HYPE buybacks[14] - Daily trading volume on Hyperliquid is $12 billion, with daily fees of ~$3 million to Hyperliquid and ~$2 million to applications[17]

Core Insights - Hyperion DeFi, Inc. has reported significant growth in its financial performance, transitioning from a focus on ophthalmic technology to becoming a key player in decentralized finance (DeFi) innovation [3][8] - The company achieved record net income and established multiple business lines on the Hyperliquid blockchain, with expectations for continued scaling into 2026 and beyond [3][4] Financial Performance - Q3 2025 revenue increased dramatically to $302,506 from $1,625 in Q3 2024, marking a substantial year-over-year growth [4] - Adjusted revenue for Q3 2025 was reported at $361,277 [4] - Net income rose to $6,625,582 in Q3 2025, compared to a net loss of $(7,887,853) in Q3 2024 [4][25] - Income from operations improved significantly from a loss of $(7.3 million) in Q3 2024 to a profit of $4.4 million in Q3 2025 [4][25] - Adjusted EBITDA for Q3 2025 was $7,951,003 [5] Token and Staking Activity - As of October 31, 2025, over 13 million HYPE tokens were staked at Hyperion's validator, reflecting a 60% increase from September 30, 2025 [9] - The company anticipates Q4 2025 adjusted revenues between $475,000 and $515,000, indicating a quarter-on-quarter growth of 31% to 43% [9] Business Strategy and Developments - Hyperion DeFi is focused on building a long-term strategic treasury of HYPE, providing shareholders with access to the rapidly growing Hyperliquid ecosystem [8][15] - The company launched a co-brand validator, "Kinetiq x Hyperion," and executed a Joint Validator Agreement in October 2025 [9] - The introduction of the "HAUS" platform allows clients to unlock unique utility on Hyperliquid while generating fee income for Hyperion DeFi [16] Balance Sheet and Liquidity - As of September 30, 2025, cash and cash equivalents totaled $8.2 million, with total assets amounting to $82.8 million [22][23] - Total liabilities were reported at $12.0 million, with stockholders' equity reaching $70.8 million [22][23]