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Hyperion DeFi Reports Q3 2026 Financial Results with Third Consecutive Quarterly Record Net Income, Achieving Breakeven Guidance on Core Operations and Cash Flows

  • Hyperion DeFi, Inc. reported record Q3 2026 GAAP Net Income of $39.6M & Adjusted EBITDA of $48.7M.
  • The company achieved +127% quarter-over-quarter growth in GAAP Gross Profit & +143% growth in Adjusted Gross Profit.
  • Core operations reached breakeven status with Core Operating Earnings of $0.56M, achieved one quarter ahead of the initial 2026 year-end target.
  • All legacy debt was retired in Q3 2026, including the full repayment of the $8.6M Avenue Capital loan.
  • Share repurchases commenced under a $20M buyback program, with 240,124 shares bought back in September at a ~30% discount to net assets.
  • Scaling DeFi businesses generated a ~3.6x base staking yield on HYPE tokens during the quarter.
  • Adjusted Gross Profit reached $2.80M, beating the guided range of $2.0M-$2.5M, driven by a $1.3M spike in Ecosystem Rewards & record DeFi Monetization.
  • The company ended Q3 2026 with $14.5M in Cash, Cash Equivalents, & Stablecoins, and a Net Asset Value of $182.4M.
  • Gross HYPE Holdings increased to $167.9M despite selling tokens to fund debt retirement, as the HYPE token price rose to $90.8.
  • Operating Expenses Excluding Stock-Based Compensation declined 48% year-over-year to $2.2M as the legacy biotech segment was wound down.
  • The company holds strategic positions in the Hyperliquid ecosystem, including tokens & equity from partners such as Kinetiq, Skew, DoubleZero, & HyperLend.
  • Full-year 2026 Adjusted Gross Profit guidance remains at $7M-$8M, representing approximately 6x the 2025 fiscal year results.
Company
Hyperion DeFi, Inc.
Keywords
Nasdaq:HYPD, Hyperion DeFi, Inc.