Hyperliquid disclosed its quarterly and semi-annual financial data for the period ending December 31, 2025.

Hyperliquid Strategies Inc. disclosed its financial results for the quarter and half-year ended December 31, 2025. Total assets were $616.7 million, including $281.9 million in cash and $327.6 million in HYPE tokens (approximately 12.86 million tokens held, with a year-end price of $25.48 per token). Income included $900,000 in interest and $500,000 in HYPE staking rewards. The half-year net loss was $317.9 million, primarily due to a $262.4 million unrealized loss on HYPE tokens, a $35.6 million one-time R&D expense write-down, and a $17.8 million increase in deferred tax. As of February 3, 2026, the company repurchased 3 million PURR shares (at a cost of US$10.5 million), bringing the total number of shares to 150.6 million after equity dilution; acquired 5 million HYPE tokens (at a cost of US$129.5 million), bringing the total holdings to 17.6 million tokens; had remaining deployable capital of US$125 million and a US$1 billion equity credit facility.