Hyperion DeFi, Inc.

HYPD

$3.24

-1.97%

2026-09-04 09:36:54 EDT-$0.06

Financial Services

Asset Management - Cryptocurrency

NASDAQ

Active Trading

Hyperion DeFi, Inc. is a U.S. publicly listed company that is building a long-term strategic treasury of HYPE, the native token of ...

Price Action of HYPD

$3.24

-1.97%-$0.06

High—

Low—

52W High-78.4%

Rel. vol—

Interval

Range7m

Volume—SMA5SMA10

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Hyperion DeFi, Inc. (formerly Eyenovia, Inc.) is a pioneering company undergoing a significant transformation. Originally focused on ophthalmic drug delivery with its Optejet technology, the company has pivoted to become a decentralized finance (DeFi) entity. As the first U.S. firm on Nasdaq to hold a cryptocurrency treasury predominantly in HYPE ...Hyperion DeFi, Inc. (formerly Eyenovia, Inc.) is a pioneering company undergoing a significant transformation. Originally focused on ophthalmic drug delivery with its Optejet technology, the company has pivoted to become a decentralized finance (DeFi) entity. As the first U.S. firm on Nasdaq to hold a cryptocurrency treasury predominantly in HYPE tokens from the Hyperliquid blockchain, Hyperion DeFi offers investors direct exposure to the Hyperliquid ecosystem. The company also operates the 'Kinetiq × Hyperion' validator and continues to advance its DeFi staking strategies. Despite its shift, it maintains its Optejet UFD™ technology for ocular health. With only 9 full-time employees, the company is lean and agile, focusing on strategic investments in blockchain assets. Financially, Hyperion DeFi has experienced negative profitability metrics, with losses in TTM, but maintains a strong cash position. Key leadership includes CEO Hyunsu Jung, who has served since January 2026. The company is headquartered in Dallas, Texas, and was founded in 2014.ExpandCollapse

Founded

2014

Employees

CEO

Hyunsu Jung

Full Name

Hyperion DeFi, Inc.

Sector

Financial Services

Industry

Asset Management - Cryptocurrency

ROE

9.77%

Market Cap

$0.05B

Current Ratio

2.34

WACC

17.04%

ROIC

-24.51%

Contact Information

https://hyperiondefi.com/

917 289 1117

29292 West 8th Street, Laguna Hills, CA 92653

Key Metrics of HYPD

Snapshot

Latest / TTM · 6 periods

Market Cap

$50.27M

ROCE

-14.3%

EV / EBITDA

-1.87x

+24.4% YoY

FCF Yield

-107.0%

-24.0% YoY

Cash Conversion Cycle

-70.8d

Current Ratio

2.34

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of HYPD

Profitability trend

Latest / TTM · 6 periods

Gross Margin

78.4%

Net Margin

474.9%

P/E Ratio

-1.05x

n/a

Debt / Equity

0.09

n/a

Current Ratio

2.34

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of HYPD

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.33 · Revenue $1.87M · 2 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.29 · Revenue $3.90M · 2 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $2.35 · Revenue $6.89M · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.39 · Revenue $650000.00 · 1 analysts

Recent history

Aug 13, 2026
Q2 FY2026 · Results reported
EPS $0.92 · Revenue $357693.00
View filing
May 15, 2026
Q1 FY2026 · Results reported
EPS $0.30 · Revenue $244271.00
View filing
Mar 30, 2026
FY2025 · Annual results
EPS $-9.40 · Revenue $813455.00
View filing
Nov 14, 2025
Q3 FY2025 · Results reported
EPS $1.85 · Revenue $302506.00
View filing
Aug 13, 2025
Q2 FY2025 · Results reported
EPS $-10.32 · Revenue $0.00
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $-4.09 · Revenue $14720.00

Financial Statements of HYPD

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$813455	+1318.8%	+46.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-45.3M	+9.0%	+250.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+62.7%	+100.9%	0.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-2333.4%	+97.3%	+63.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-5570.6%	+93.6%	+139.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-14.8M	+51.2%	-156.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-1815.7%	+96.6%	-74.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	20.7%	+124.2%	-43.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.68x	+1455.6%	+19.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$51.8M	+1311.3%	+61.5%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-9.40 vs -3.06	-207.2%	0.92 vs 2.24	-58.9%
Revenue Surprise	$813455 vs $1.0M	-21.6%	$357693 vs $1.3M	-71.8%

Insider Transactions of HYPD

Acquisitions (A)

Since May 27, 2026

Disposals (D)

Since May 27, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 16, 2026	Jung Hyunsu	director, officer: See Remarks	Common Stock, par value $0.0001	D	40,000	—
Jun 30, 2026	Walters Happy David	director	Common Stock, par value $0.0001	A	58,917	—
Jun 30, 2026	Strahlman Ellen R	director	Common Stock, par value $.0001	A	58,917	—
Jun 30, 2026	JACOBSON RACHEL	director	Common Stock, par value $.0001	A	58,917	—
Jun 30, 2026	GELTZEILER MICHAEL S	director	Common Stock, par value $0.0001	A	58,917	—

Earnings Call Transcript of HYPD

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Greetings. Welcome to the Hyperion DeFi 2026 Second Quarter Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to Jason Assad, Director of Investor Relations. Thank you. You may begin. Jason Assad: Good afternoon, and welcome to Hyperion DeFi's 2026 Second Quarter Earnings Call. Joining me today are CEO Hyunsu Jung, and CFO David Knox. Before we get started, please note that our remarks today may include forward-looking statements. These statements are subject to risks and uncertainties, and actual results may differ materially. During this call, we may use words like anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project and similar expressions, which indicate forward-looking statements. For a more comprehensive discussion of these and other risks, please refer to our filings with the SEC available on sec.gov and in the IR section of our website at hyperiondefi.com. We'll also reference certain non-GAAP measures today. Please refer to our earnings release and earnings supplement on the website for a full reconciliation of these non-GAAP measures to the most comparable GAAP measures. We'll start this afternoon's call with prepared remarks from Hyunsu and David, followed by Q&A. I'll now turn the call over to our CEO, Hyunsu Jung. Hyunsu Jung: Thank you, Jason. To those joining us today, welcome to Hyperion DeFi's Second Quarter of 2026 Earnings Call. A little over a short year ago, Hyperion DeFi was born from what was formerly Eyenovia. What once was is no longer. At Hyperion DeFi, we revamped the company's operating strategy to the accumulation of HYPE and directly building in the Hyperliquid ecosystem. We made a firm commitment that we would be more than just hype, benefiting from not just holding the asset but uniquely building multiple businesses atop it that have the potential to utilize it profitably and most importantly, independent of its underlying price volatility. I'm proud to say that we are continuing to deliver on that promise. To that end, our focus has been on developing unique products and services that actively support the growth of the Hyperliquid ecosystem and return that value to our shareholders. Our model is no longer a concept that we ask investors to envision. It has become reality. We continue to lead in designing and deploying strategies that generate differentiated revenues not just on our HYPE Holdings but across key on-chain infrastructure, each compounding alongside the fastest moving ecosystem in the digital asset space. I'm most excited to share these developments, covering not just what was accomplished in Q2 but the updates that are happening in real time, which we believe demonstrates our standalone positioning, unique value proposition and best-in-class business model. At the same time, this was a quarter that truly tested our model. With rapid innovation often comes changes that …

Leadership Team of HYPD

5 executives

Name	Title	Compensation	Gender	Year Born	Status
David Knox	Chief Financial Officer and Treasurer	USD 179,817	Male	1990	Active
Hyunsu Jung	Chief Executive Officer, Chief Investment Officer & Director	USD 136,089	Male	1996	Active
Jason Assad	Investor Contact	—	—	—	Active
Robert Rubenstein	General Counsel & Secretary	—	Male	1967	Active
Alexander Lobo	Investor Contact	—	—	—	Active

Recent News of HYPD

Seeking Alpha8/13/2026Neutral

Hyperion DeFi, Inc. (HYPD) Q2 2026 Earnings Call Transcript

GlobeNewsWire8/12/2026Neutral

Hyperion DeFi Reports 2Q 2026 Financial Results with Another Record Quarterly Net Income and Strong Operating Momentum

Company Reports Record $31.0M Net Income and $53.7M Adjusted EBITDA ( 8 )

Globe News Wire7/29/2026Neutral

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

LAGUNA HILLS, Calif. , July 29, 2026 (GLOBE NEWSWIRE) -- Hyperion DeFi, Inc. (NASDAQ: HYPD) ("Hyperion DeFi" or the "Company"), the first U. S. publicly listed DeFi company building on Hyperliquid, today announced that it will hold its earnings conference call and webcast for the second quarter ended June 30, 2026 on Wednesday, August 12, 2026 at 5:00 p.

GlobeNewsWire7/29/2026Neutral

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

LAGUNA HILLS, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- Hyperion DeFi, Inc. (NASDAQ: HYPD) (“Hyperion DeFi” or the “Company”), the first U.S. publicly listed DeFi company building on Hyperliquid, today announced that it will hold its earnings conference call and webcast for the second quarter ended June 30, 2026 on Wednesday, August 12, 2026 at 5:00 p.m. Eastern Time.

GlobeNewsWire7/15/2026Neutral

Hyperion DeFi Enters Agreement with Skew Technologies to Launch HIP-3 Perpetual Futures Market and Listing Service

Deployment of 500,000 HYPE Expands Client Service and Revenue Opportunities Positions Company as Bonded-Capital Layer for Institutional HIP-3 Listing Service Offering DALLAS, July 15, 2026 (GLOBE NEWSWIRE) -- Hyperion DeFi, Inc. (NASDAQ: HYPD) (“Hyperion DeFi” or the “Company”), today announced that it has entered into a HYPE Asset Use Service (“HAUS”) agreement with Skew Technologies, Inc. (“Skew”) to deploy 500,000 HYPE to support a new suite of institutional perpetual futures products on Hyperliquid's HIP-3 permissionless markets. This strategic agreement establishes a facility for Skew and other qualified partners to launch custom markets on Hyperliquid, expanding the Company's differentiated revenue-generation strategies on its staked HYPE treasury assets.

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Hyperion DeFi, Inc.

Contact Information

Upcoming

Q3 FY2026 · Estimated results

Q4 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

Hyperion DeFi, Inc. (HYPD) Q2 2026 Earnings Call Transcript

Hyperion DeFi Reports 2Q 2026 Financial Results with Another Record Quarterly Net Income and Strong Operating Momentum

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

Hyperion DeFi Enters Agreement with Skew Technologies to Launch HIP-3 Perpetual Futures Market and Listing Service

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Upcoming

Q3 FY2026 · Estimated results

Q4 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

Hyperion DeFi, Inc. (HYPD) Q2 2026 Earnings Call Transcript

Hyperion DeFi Reports 2Q 2026 Financial Results with Another Record Quarterly Net Income and Strong Operating Momentum

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

Hyperion DeFi Schedules First Quarter Earnings Call for Wednesday, August 12 at 5:00 p.m. ET

Hyperion DeFi Enters Agreement with Skew Technologies to Launch HIP-3 Perpetual Futures Market and Listing Service