HYPD Hyperion DeFi, Inc.
Price Chart
Executive Summary
Hyperion DeFi reported Q1 2026 GAAP net income of $8.8M vs a net loss of $3.5M in Q1 2025, driven by $21.5M in treasury gains on HYPE holdings. Adjusted Gross Profit rose 17% QoQ to $960K, and the company raised FY 2026 Adjusted Gross Profit guidance by ~$1M to $5M-$7M. However, GAAP EPS was -$7.76 vs consensus N/A, and the company continues to burn cash from operations (-$4.2M in Q1), with significant dilution from recent equity offerings (2.78M shares issued in May 2026 for $8.7M net).
Key Financial Metrics
Actionable Insight
The Q1 beat on non-GAAP metrics and raised guidance are positive, but persistent cash burn and heavy dilution (2.78M shares in May alone) cap upside. Monitor Q2 2026 for breakeven cash flow target and further dilution from the ATM program. The stock's high volatility (historical T+20 alpha +8.97% but with 50% win rate) suggests binary outcomes tied to HYPE token price movements.
Key Facts
- Q1 2026 GAAP net income of $8.8M vs Q1 2025 net loss of $3.5M
- Adjusted Gross Profit (non-GAAP) of $960K, up 17% QoQ from $821K in Q4 2025
- FY 2026 Adjusted Gross Profit guidance raised to $5M-$7M from prior $4M-$6M
- GAAP EPS of -$7.76 vs consensus N/A (Street EPS history shows -$7.76 in Dec 2025, $0.05 in Sep 2025, -$2.5 in Jun 2025, -$1.59 in Mar 2025)
- Operating cash flow negative -$4.2M in Q1 2026, similar to -$4.1M in Q4 2025
- Cash, cash equivalents, and USDH totaled $9.1M as of March 31, 2026; $16.0M as of May 11, 2026
- Closed public offering of 2,777,778 shares on May 7, 2026, raising ~$8.7M net proceeds
- Gross HYPE tokens grew to 2.00M as of May 11, 2026, from 1.94M at Q1 end
- Net Asset Value (non-GAAP) rose to $69.9M from $44.2M at Q4 2025
- Company expects to wind down legacy biotech operations by end of Q2 2026
Financial Impact
Q1 2026 GAAP net income of $8.8M vs Q1 2025 net loss of $3.5M; Adjusted Gross Profit $960K vs $821K QoQ; FY 2026 guidance raised to $5M-$7M from $4M-$6M; $8.7M net proceeds from May 2026 equity offering
Risk Factors
- Continued operating cash burn of -$4.2M/quarter; breakeven target by end of 2026 is uncertain
- Significant dilution: 2.78M shares issued in May 2026, plus ongoing ATM program
- Heavy reliance on HYPE token price for treasury gains and net asset value; HYPE price fell 12% QoQ in Q1
- GAAP EPS of -$7.76 reflects large non-cash impairments and volatility in digital asset accounting
- Legacy biotech wind-down may incur additional costs or delays
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294757 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Press Release
| $2.90 awaiting T+5 | awaiting T+5 | — | $2.93 (+1.03%) |
|
May 14, 2026
26d ago
|
8-K
| $3.62 $3.90 | ▲ +7.73% | ▲ +8.45% | $2.93 (−19.06%) |
|
May 14, 2026
26d ago
|
Press Release
| $3.62 $3.90 | ▲ +7.73% | ▲ +8.45% | $2.93 (−19.06%) |
|
May 8, 2026
4w ago
|
Press Release
| $3.60 $3.62 | ▼ −0.56% | ▲ +0.91% | $2.93 (+18.61%) |
|
May 5, 2026
5w ago
|
DEFA14A
| $3.64 $3.43 | ▼ −5.77% | ▼ −6.90% | $2.93 (−19.51%) |
|
May 1, 2026
5w ago
|
Press Release
| $4.18 $3.57 | ▼ −14.59% | ▼ −16.94% | $2.93 (−29.90%) |
|
Mar 26, 2026
10w ago
|
Press Release
| $3.49 $3.25 | ▼ −6.88% | ▼ −8.51% | $2.93 (−16.05%) |
US Market Status
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