Hyperliquid Strategies Reports $621 Million Quarterly Net Profit, Driven by HYPE Gains

Nasdaq-listed Hyperliquid Strategies (PURR) reported net income of $621 million for the quarter ended September 30, 2026. According to Odaily, the profit was mainly driven by $803 million in unrealized gains on HYPE tokens, while the company recorded $172 million in income tax expense. Staking income and validator commissions totaled $12.3 million, and interest income was $1 million. Quarterly revenue was $13.3 million, above analysts’ estimates of $10.6 million to $12 million. During the quarter, the company bought an additional 9.1 million HYPE tokens for $785 million. As of October 28, it held 38.9 million HYPE at an average cost of $56.35 per token, had $245 million in cash and cash equivalents, and reported no debt.