Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Hyperliquid Strategies Inc files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2026
Revenue
9.46
Operating expenses
-491
Operating income
501
Other non-operating income
-11.6
Pre-tax income
489
Income tax
183
Net income
306
EPS, basic
3.21
EPS, diluted
3.21
Shares, basic (weighted)
79.8
Shares, diluted (weighted)
79.8
Balance sheet
FY2026
Cash and equivalents
138
Receivables
0.41
Other current assets
14.1
Total current assets
152
Goodwill
0
Other non-current assets
0.88
Total assets
2,060
Accounts payable
1.19
Total current liabilities
3.66
Total liabilities
187
Paid-in capital
1,576
Retained earnings
305
Treasury stock
-10.5
Shareholders' equity
1,873
Total equity
1,873
Total liabilities and equity
2,060
Shares outstanding
201
Cash flow statement
FY2026
Net income
306
Stock-based compensation
0.89
Deferred income tax
183
Change in receivables
-0.41
Change in payables
-2.11
Cash from operations
-19.1
Cash from investing
-777
Share buybacks
-10.5
Cash from financing
934
Net change in cash
138
Income taxes paid
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $12.85 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
5,292.0%
Operating income / revenue.
Pre-tax margin
5,169.0%
Pre-tax income / revenue.
Net margin
3,230.0%
Net income / revenue.
Operating cash flow margin
-202.4%
Cash from operations / revenue.
Effective tax rate
37.5%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
16.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
14.8%
Net income / average total assets.
Return on invested capital (ROIC)
18.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
9.4%
Stock-based compensation (from the cash flow statement) / revenue.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
41.6x
Current assets / current liabilities.
Quick ratio
37.8x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
37.7x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$3.21
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.12
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.24
Cash from operations / diluted weighted shares.
Book value per share
$9.34
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
8.43x
Market cap / net income. Only when net income is positive.
P/S
272x
Market cap / revenue.
P/B
1.38x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.38x
Market cap / tangible book value, when positive.
EV/Sales
258x
Enterprise value / revenue.
EV/EBIT
4.87x
Enterprise value / operating income, when both are positive.
Earnings yield
11.9%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.4%
(Dividends paid + share buybacks) / market cap.
What was Hyperliquid Strategies Inc's revenue in fiscal 2026?
Hyperliquid Strategies Inc reported revenue of $9.5M for fiscal 2026.
Was Hyperliquid Strategies Inc profitable in fiscal 2026?
Yes. Net income was $305.5M, a net margin of 3,229.8%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.