Hyperliquid Strategies Inc
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
View on SEC.govAbout 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.
Dec 31, 2025 · Filed Feb 11, 2026
PURR$8.75-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)
| For the Three Months Ended | For theSix Months Ended | |
|---|---|---|
| December 31, | December 31, | |
| 2025 | 2025 | |
| Revenue | ||
| Staking revenue | $500 | $500 |
| Total revenue | 500 | 500 |
| Operating income (expense): | ||
| Unrealized loss on HYPE digital assets | (93,200) | (93,200) |
| Loss on HYPE contribution commitment | (155,776) | (169,156) |
| IPR&D write-off from Sonnet acquisition | (35,605) | (35,605) |
| Selling, general and administrative and research and development expenses | (3,465) | (3,483) |
| Total operating expenses | (288,046) | (301,444) |
| Loss from operations | (287,546) | (300,944) |
| Other income: | ||
| Interest income | 878 | 878 |
| Total other income | 878 | 878 |
| Loss before income taxes | (286,668) | (300,066) |
| Income tax expense (deferred) | (17,795) | (17,795) |
| Net loss | (304,463) | (317,861) |
| Net loss attributable to participating securities | $(304,463) | $(317,861) |
| Net loss per common share - basic and diluted | $(7.43) | $(15.50) |
| Weighted average number of common shares outstanding - basic and diluted | 41,004,125 | 20,502,062 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.