$PURR

Hyperliquid Strategies Inc

CIK:0002078856|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2026
Revenue
Total revenue	$ 0	$ 9,460
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Staking And Validator Commission Revenue [Member]	Staking And Validator Commission Revenue [Member]
Operating income (expense):
Unrealized gain on HYPE digital assets	$ 0	$ 709,875
Loss on HYPE contribution commitment	0	(169,156)
IPR&D write-off from Sonnet acquisition	0	(35,605)
Selling, general and administrative and research and development expenses	(597)	(13,951)
Total operating income (expense)	(597)	491,163
Net operating income (loss)	(597)	500,623
Other income (expense):
Other expense	0	(14,275)
Gain (loss) from equity method investment in Guidant	0	(362)
Other income	0	323
Interest income	0	2,708
Total other income (expense)	0	(11,606)
Net income (loss) before income taxes	(597)	489,017
Provision for income taxes	0	(183,475)
Net income (loss)	(597)	305,542
Less: Net income allocated to participating preferred stockholders	0	(49,358)
Net income (loss) attributable to common stockholders	$ (597)	$ 256,184
Net income (loss) per common share - Basic	$ 0	$ 3.21
Net income (loss) per common share - diluted	$ 0	$ 3.21
Weighted average number of common shares outstanding - basic	0	79,774,081
Weighted average number of common shares outstanding - diluted	0	79,798,538

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2026
Cash flows from operating activities:
Net income (loss)	$ (597)	$ 305,542
Adjustments to reconcile net income (loss) to net cash used in operating activities
IPR&D write-off from Sonnet acquisition	0	35,605
Unrealized gain on HYPE digital assets	0	(709,875)
Loss on HYPE contribution commitment	0	169,156
Non cash - other expense	0	12,408
Gain (loss) from equity method investment in Guidant	0	362
Non cash staking and validator commission revenue	0	(9,460)
Stock-based compensation	0	893
Non cash issuance of shares to Board of Directors		104
Deferred income tax	0	183,475
Changes in operating assets and liabilities:
Prepaids and other current assets	0	(1,302)
Receivable from related party	0	(405)
Other non-current assets	0	252
Accounts payable	597	(2,114)
Other current liabilities	0	(3,788)
Net cash used in operating activities	0	(19,147)
Cash flows from investing activities:
Purchases of HYPE digital assets	0	(478,174)
Purchases of USDC	0	(307,293)
Sales of USDC	0	27
Cash received for the acquisition of Sonnet	0	10,347
Equity method investment	0	(2,326)
Net cash used in investing activities	0	(777,419)
Cash flows from financing activities:
Proceeds from issuance of equity	0	947,279
Payments for equity issuance costs	0	(2,315)
Repurchases of common stock	0	(10,481)
Net cash provided by financing activities	0	934,483
Net increase (decrease) in cash and cash equivalents	0	137,917
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	137,917
Supplemental disclosure of non-cash investing and financing activities:
Contributions of HYPE digital assets	0	580,466
Equity issued in acquisition of Sonnet	0	39,572
USDC converted into HYPE digital assets		295,242
Transfer of assets in exchange for equity method investment	$ 0	$ 711

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 137,917	$ 0
Prepaids and other current assets	14,084	0
Receivable from related party	405	0
Total current assets	152,406	0
HYPE digital assets	1,904,052	0
Equity method investment	2,675	0
Other non-current assets	875	0
Total assets	2,060,008	0
Current liabilities
Accounts payable	1,190	597
Other current liabilities	2,472	0
Total current liabilities	3,662	597
Deferred tax liability	183,475	0
Total liabilities	187,137	597
Stockholders' equity (deficit):
Series A Preferred stock, $0.01 par value, 100,000,000 and 0 shares authorized as of June 30, 2026 and June 30, 2025, respectively; 166,173 and 0 shares issued and outstanding as of June 30, 2026, and June 30, 2025, respectively	2
Common stock, $0.01 par value, 2,000,000,000 and 0 shares authorized as of June 30, 2026 and June 30, 2025, respectively; 203,617,555 shares issued and 200,550,458 shares outstanding (excluding treasury shares of 3,067,097) as of June 30, 2026, and 0 shares issued and 0 shares outstanding (excluding treasury shares of 0) as of June 30, 2025	2,036	0
Additional paid-in capital	1,576,369	0
Retained earnings (accumulated deficit)	304,945	(597)
Treasury stock, at cost; 3,067,097 and 0 shares as of June 30, 2026, and June 30, 2025, respectively	(10,481)	0
Total stockholders' equity (deficit)	1,872,871	(597)
Total liabilities and stockholders' equity (deficit)	$ 2,060,008	$ 0