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Oct 2, 2026, 8:05 AM ETHealthcare

Hyperion DeFi — Q3 2026 Earnings Summary

HYPDHYPERION DEFI INC
Source

Financial Performance

  • Repurchased 240,124 HYPD common shares at a weighted average price of $3.21 per share (gross price, excluding costs and fees).
  • Retired approximately $8.6 million in legacy debt, fully repaying all outstanding principal and interest due under a loan agreement with Avenue Capital.
  • As of September 30, 2026, the Company held $14.5 million in cash, cash equivalents, and stablecoins.
  • The Company owns 1.85 million Gross HYPE tokens.
  • No long-term debt was outstanding following the payoff of the loan.
  • Approximately 15,442,482 HYPD common shares were outstanding as of September 30, 2026.
  • Debt paydown was partially funded by HYPE token sales.

Business Segments and Product Lines

  • Hyperliquid is a next-generation layer one blockchain optimized for high-frequency, transparent trading, featuring fully onchain perpetual futures and spot order books.
  • The platform operates with 70 millisecond block times for all orders, cancellations, trades, and liquidations.
  • HyperEVM, a general-purpose smart contract platform supporting permissionless decentralized financial applications, is hosted on the blockchain.
  • Over 47 million HYPE tokens have been autonomously purchased and sequestered by the blockchain as of September 30, 2026, using trading fees generated on the network's central limit order books.
  • Staked HYPE provides utility to users via reduced trading fees and increased referral bonuses.

Other Key Points

  • The Company is executing a transformation away from its legacy biotech brand, Eyenovia.
  • Management expressed gratitude for Avenue Capital's long-term support during the transformation.
  • The Company is committing to further capital optimization to improve its capital structure for the benefit of common stockholders.
  • Hyperion DeFi positions itself as the first U.S. publicly listed DeFi company building on Hyperliquid.
  • Shareholders benefit from compounding exposure to HYPE through native staking yield and revenues generated from onchain utility.