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Hyperliquid Strategies Inc

For the period ended Sep 30, 2025. Filed Dec 8, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Dec 8, 2025

PURR$8.91+1.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

Page
Part I. Financial Information1
Item 1. Interim Financial Statements1
Condensed Consolidated Balance Sheet (Unaudited)1
Condensed Consolidated Statement of Operations (Unaudited)2
Condensed Consolidated Statement of Changes in Stockholder’s Deficit (Unaudited)3
Condensed Consolidated Statement of Cash Flows (Unaudited)4
Notes to Condensed Consolidated Financial Statements (Unaudited)5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations12
Item 3. Quantitative and Qualitative Disclosures About Market Risk20
Item 4. Controls and Procedures20
Part II. Other Information21
Item 1. Legal Proceedings21
Item 1A. Risk Factors21
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds21
Item 3. Defaults Upon Senior Securities21
Item 4. Mine Safety Disclosures21
Item 5. Other Information21
Item 6. Exhibits22
Part III. Signatures23
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.