---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-212109"
form_type: "8-K"
ticker: "PURR"
cik: "0002078856"
company_name: "Hyperliquid Strategies Inc"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:07:32.298530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hyperliquid Strategies Q3 net profit of $152.5M on HYPE gains; treasury grows to 20M tokens

## Summary
- Q3 net profit of $152.5M, driven by $198.4M unrealized gains on HYPE tokens, partially offset by $42.7M deferred tax expense.
- Nine-month net loss of $165.4M, including $64M unrealized losses on HYPE and $35.6M IPR&D write-off from legacy bio-tech.
- Total assets of $809.4M as of March 31, 2026; stockholders' equity of $743.5M with no debt.
- Treasury holds 20.0M HYPE tokens (as of April 29, 2026) and $103M in cash; $216M deployed to accumulate HYPE since inception.
- Repurchased ~3.0M PURR shares at avg cost $3.42; issued $38.4M in shares under equity facility at avg $6.31.

## SEC filing metadata
- accession: 0001193125-26-212109
- form_type: 8-K
- ticker: PURR
- cik: 0002078856
- company_name: Hyperliquid Strategies Inc
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2078856/000119312526212109/0001193125-26-212109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2078856/000119312526212109/purr-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-212109
- JSON: https://secwatch.observer/filing/0001193125-26-212109.json
- Plain text: https://secwatch.observer/filing/0001193125-26-212109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.