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Hyperliquid Strategies Inc

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

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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.

Dec 31, 2025 · Filed Feb 11, 2026

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 Sheets (Unaudited)1
Condensed Consolidated Statements of Operations (Unaudited)2
Condensed Consolidated Statement of Changes in Stockholders' Equity (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 Operations17
Item 3. Quantitative and Qualitative Disclosures About Market Risk24
Item 4. Controls and Procedures24
Part II. Other Information25
Item 1. Legal Proceedings25
Item 1A. Risk Factors25
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds25
Item 3. Defaults Upon Senior Securities25
Item 4. Mine Safety Disclosures25
Item 5. Other Information25
Item 6. Exhibits26
Part III. Signatures28
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.