Hyperion DeFi (HYPD)
NASDAQ:HYPD
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
-2.5Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call signals strong operational and financial momentum: raised guidance (+20%), material quarter-over-quarter growth in adjusted gross profit (+17 vs prior quarter; +119 vs Q3), significant segment-level acceleration (DeFi monetization +140%, yield enhancement +165%), record Q1 GAAP net income ($8.8M) and improved balance sheet/treasury values (over 2M HYPE, NAV growth, treasury gains). Strategic partnerships (Silhouette, HyperLend, Kinetiq, Rysk) and core product traction (HIP3 ~50% of trading activity; HIP4 launch success) provide clear growth avenues. Offsetting risks include continuing operating cash burn (~$4.2M used in Q1), volatile ecosystem awards and HYPE price swings, GAAP presentation complexities around validator income and reliance on non-GAAP metrics, and regulatory uncertainty for outcome/prediction markets. On balance, positives materially outweigh the negatives given the jump to profitability, strengthened treasury and expanded guidance, though execution and regulatory risks remain.Company Guidance
Raised 2026 Adjusted Gross Profit Guidance
Increased full-year 2026 adjusted gross profit guidance from $4M–$6M to $5M–$7M (approximately +20% or +$1M), driven by momentum in DeFi businesses and a $10M public offering.
Strong Adjusted Gross Profit Growth
Q1 adjusted gross profit of ~$960k, up 119% since Q3 and +17% sequentially versus Q4 (Q3: $439k, Q4: $821k, Q1: $960k).
Segment-Level Growth — DeFi Monetization
DeFi monetization generated $245k in Q1 versus $102k in Q4, a +140% quarter-over-quarter increase driven by partnerships (native Markets, Felix Exchange, HIP3 markets, Silhouette testing).
Segment-Level Growth — Yield Enhancement
Yield enhancement strategies generated $211k in Q1 versus $79k in Q4, up +165% quarter-over-quarter, benefiting from HYPE volatility and the formalized Rysk partnership (Rysk premium vault strategies).
Record GAAP Net Income and Adjusted EBITDA Improvement
Q1 net income of $8.8M (record) versus Q4 net loss of $39.8M; Q1 adjusted EBITDA $19.5M versus Q4 adjusted EBITDA negative $38.9M — materially improved profitability driven by treasury gains and accounting presentation of LSTs.
Treasury and Balance Sheet Strengthening
Treasury HYPE holdings exceeded 2M tokens as of May 11; HYPE price rose from 25.4 (end Q4) to 36.6 (Q1) and 42.2 (May 11). HYPE treasury value ~$84.5M vs cash basis $75.9M (+~$8.6M); net asset value rose from $44.2M (Q4) to $69.9M (Q1) to ~ $90M (May 11).
Successful Capital Raise & Cash Position
Closed a $10M public offering (≈2.8M shares, ~$9M net) and additional ATM proceeds; cash, cash equivalents and USDH totaled $9.1M at quarter end and ~$16M as of May 11.
Operational Traction on Hyperliquid and Partnerships
HIP3 markets account for ~50% of Hyperliquid daily average trading activity. HIP4 launched May 2; Hyperliquid's first HIP4 outcome market for Bitcoin had >3x combined volume of Polymarket and Kalshi on launch day. Strategic partner results include Kinetiq >$3.3B total HIP3 volume and $100M+ from a new mobile app in <1 month; HyperLend allocation increased to 10M HPL (1% of supply) enabling borrower rebates.
Improved Cash-Realized Profit Mix and Earnings Multiple
Portion of adjusted gross profit earned in cash expanded from 18% (Q3) to 22% (Q4) to 48% (Q1). Achieved earnings multiple vs base staking yield rose from 1.3x (Q3) to 2.7x (Q4) to 3.1x (Q1).
Path to Cash Flow Breakeven
Company reiterated expectation to achieve operating cash flow breakeven by year-end 2026, supported by growing adjusted gross profit and cost reductions as legacy biotech rolls off.
HYPD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HYPD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $3.50 | $3.62 | +3.43% |
Mar 26, 2026 | $3.70 | $3.49 | -5.68% |
Nov 13, 2025 | $4.97 | $5.01 | +0.80% |
Aug 13, 2025 | $7.04 | $6.69 | -4.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hyperion DeFi (HYPD) report earnings?
Hyperion DeFi (HYPD) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Hyperion DeFi (HYPD) earnings time?
Hyperion DeFi (HYPD) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HYPD EPS forecast?
HYPD EPS forecast for the fiscal quarter 2026 (Q2) is 0.23.