{"id":962669,"date":"2026-05-14T07:26:56","date_gmt":"2026-05-14T11:26:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hyperion-defi-reports-1q-2026-financial-results-with-record-net-income-and-raises-guidance-for-full-year-2026\/"},"modified":"2026-05-14T07:26:56","modified_gmt":"2026-05-14T11:26:56","slug":"hyperion-defi-reports-1q-2026-financial-results-with-record-net-income-and-raises-guidance-for-full-year-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hyperion-defi-reports-1q-2026-financial-results-with-record-net-income-and-raises-guidance-for-full-year-2026\/","title":{"rendered":"Hyperion DeFi Reports 1Q 2026 Financial Results with Record Net Income and Raises Guidance for Full Year 2026"},"content":{"rendered":"
\n

\n Company Reports Record $8.8M Net Income and $19.5M Adjusted EBITDA<\/em>
\n
\n (<\/em>
\n <\/sup>
\n
\n 8<\/em>
\n <\/sup>
\n
\n )<\/em>
\n <\/sup>\n <\/p>\n

\n Treasury Exceeds 2.00M HYPE, 1.92M KNTQ, & 10.00M HPL Tokens as of May 11<\/em>
\n
\n (14)<\/em>
\n <\/sup>\n <\/p>\n

\n HYPD\u2019s Unique \u201cTriple-Dip\u201d HYPE Deployment Generated >3x Base Staking Income in Q1<\/em>\n <\/p>\n

\n Company Raises Adjusted Gross Profit<\/em>
\n
\n (1)<\/em>
\n <\/sup>
\n 2026 FY Guidance by ~20%<\/em>\n <\/p>\n

DALLAS, May 14, 2026 (GLOBE NEWSWIRE) — Hyperion DeFi, Inc. (NASDAQ: HYPD) (\u201cHyperion DeFi\u201d or the \u201cCompany\u201d), the first U.S. publicly listed DeFi company building on Hyperliquid, today reported results for the first quarter ending March 31, 2026.<\/p>\n

\u201cWe are pleased to report continued scaling of our DeFi operating businesses, accretive balance sheet growth, and prudent cost management,\u201d said Hyunsu Jung, CEO of Hyperion DeFi. Mr. Jung continued, \u201cThe opportunities to build on Hyperliquid are immense and expanding every day. More products and institutions are moving on-chain, and we continue to position ourselves as the premier institutional gateway to DeFi innovation. In light of our continued momentum, today we are increasing our guidance for our DeFi operating segments for full-year 2026, and we continue to anticipate achieving break-even cash flows by the end of the year.\u201d<\/p>\n

\n Q3\u201925, Q4\u201925, and Q1\u201926 Summary GAAP and Non-GAAP Financial Measures<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (Figures in $)<\/strong>\n <\/td>\n\n Q3 2025<\/strong>\n <\/td>\n\n Q4 2025<\/strong>\n <\/td>\n\n Q1 2026<\/strong>\n <\/td>\n<\/tr>\n
GAAP<\/td>\nGross Profit<\/td>\n302,506<\/td>\n\u00a0<\/td>\n192,987<\/td>\n\u00a0<\/td>\n244,271<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nAdjusted Gross Profit(1)<\/sup><\/td>\n439,386<\/td>\n\u00a0<\/td>\n820,997<\/td>\n\u00a0<\/td>\n959,568<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP<\/td>\nHYPE Digital Assets<\/td>\n37,954,590<\/td>\n\u00a0<\/td>\n16,233,941<\/td>\n\u00a0<\/td>\n25,286,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nGross HYPE Holdings(4)<\/sup><\/td>\n77,751,604<\/td>\n\u00a0<\/td>\n47,837,901<\/td>\n\u00a0<\/td>\n71,037,227<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nNet Asset Value(9)<\/sup><\/td>\n74,545,583<\/td>\n\u00a0<\/td>\n44,154,737<\/td>\n\u00a0<\/td>\n69,873,504<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP<\/td>\nSelling, General and Administrative Expense<\/td>\n2,594,130<\/td>\n\u00a0<\/td>\n4,530,542<\/td>\n\u00a0<\/td>\n4,493,604<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nOperating Expenses Excluding Stock-Based Compensation(5)<\/sup><\/td>\n4,315,016<\/td>\n\u00a0<\/td>\n3,007,135<\/td>\n\u00a0<\/td>\n2,975,883<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP<\/td>\nNet Operating (Income) Expenses<\/td>\n(4,125,685<\/td>\n)<\/td>\n39,958,264<\/td>\n\u00a0<\/td>\n(8,487,848<\/td>\n)<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nTreasury Gains (Losses)(6)<\/sup><\/td>\n11,868,872<\/td>\n\u00a0<\/td>\n(36,783,228<\/td>\n)<\/td>\n21,451,862<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP<\/td>\nTotal Other Income (Expense), Net<\/td>\n2,197,391<\/td>\n\u00a0<\/td>\n(288<\/td>\n)<\/td>\n108,431<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nAdjusted Other Income (Expense)(7)<\/sup><\/td>\n(42,240<\/td>\n)<\/td>\n48,717<\/td>\n\u00a0<\/td>\n52,585<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP<\/td>\nNet Income (Loss)<\/td>\n6,625,582<\/td>\n\u00a0<\/td>\n(39,765,565<\/td>\n)<\/td>\n8,840,550<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP<\/td>\nAdjusted EBITDA(8)<\/sup><\/td>\n7,951,003<\/td>\n\u00a0<\/td>\n(38,920,649<\/td>\n)<\/td>\n19,488,132<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n All figures in this press release are not audited. Throughout this document, totals may not sum due to rounding. Calculations are based on unrounded results.<\/em>\n <\/p>\n

\n This press release includes certain non-GAAP financial measures (including on a forward-looking basis) such as Adjusted Gross Profit, Gross HYPE Holdings, Net Asset Value, Operating Expenses Excluding Stock-Based Compensation, Treasury Gains (Losses), Adjusted Other Income (Expense), and Adjusted EBITDA. Please see \u201cFootnotes\u201d and \u201cNon-GAAP Measures of Financial Performance\u201d for reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures and important additional information.<\/em>\n <\/p>\n\n\n\n\n
\n Adjusted Gross Profit<\/strong>
\n
\n (1) <\/strong>
\n <\/sup>
\n Guidance<\/strong>\n <\/td>\n		\n Q3’25<\/strong>\n <\/td>\n\n Q4’25<\/strong>\n <\/td>\n\n FY’25<\/strong>\n <\/td>\n\n Q1’26<\/strong>\n <\/td>\n\n Q2’26<\/strong>\n <\/td>\n\n Q3’26<\/strong>\n <\/td>\n\n Q4’26<\/strong>\n <\/td>\n\n FY’26<\/strong>
\n
\n Guidance<\/strong>\n <\/td>\n		\n 2026 Guidance<\/strong>
\n
\n vs. 2025 Actual<\/strong>\n <\/td>\n<\/tr>\n
\n Initial Guidance (Q4’25 A)<\/strong>\n <\/td>\n$0.44M<\/td>\n$0.82M<\/td>\n\n $1.28M<\/strong>\n <\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n\n $4M – $6M<\/strong>\n <\/td>\n\n ~ 4x<\/strong>\n <\/td>\n<\/tr>\n
\n Current Guidance (Q1’26 A)<\/strong>\n <\/td>\n$0.44M<\/td>\n$0.82M<\/td>\n\n $1.28M<\/strong>\n <\/td>\n$0.96M<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n\n $5M – $7M<\/strong>\n <\/td>\n\n ~ 5x<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Adjusted Gross Profit<\/strong>
\n
\n (1)<\/strong>
\n <\/sup>
\n (in $ thousands)<\/strong>\n <\/td>\n		\n Q3’25<\/strong>\n <\/td>\n\n Q4’25<\/strong>\n <\/td>\n\n Q1’26<\/strong>\n <\/td>\n\n QoQ Growth<\/strong>\n <\/td>\n<\/tr>\n
Ecosystem Rewards<\/td>\n–<\/td>\n285<\/td>\n150<\/td>\n-47%<\/td>\n<\/tr>\n
DeFi Monetization<\/td>\n<1<\/td>\n102<\/td>\n245<\/td>\n140%<\/td>\n<\/tr>\n
Yield Enhancement<\/td>\n78<\/td>\n79<\/td>\n211<\/td>\n165%<\/td>\n<\/tr>\n
Validator Commissions<\/td>\n21<\/td>\n49<\/td>\n40<\/td>\n-17%<\/td>\n<\/tr>\n
Staking Yield<\/td>\n340<\/td>\n305<\/td>\n313<\/td>\n2%<\/td>\n<\/tr>\n
\n Adjusted Gross Profit<\/strong>
\n
\n (1)<\/strong>
\n <\/sup>\n <\/td>\n		\n 439<\/strong>\n <\/td>\n\n 821<\/strong>\n <\/td>\n\n 960<\/strong>\n <\/td>\n\n 17<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Multiple vs. Staking Yield<\/strong>\n <\/td>\n\n 1.3x<\/strong>\n <\/td>\n\n 2.7x<\/strong>\n <\/td>\n\n 3.1x<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n % Earned in Cash*<\/strong>\n <\/td>\n\n 18<\/strong>
\n %<\/strong>\n <\/td>\n		\n 22<\/strong>
\n %<\/strong>\n <\/td>\n		\n 48<\/strong>
\n %<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
HYPE Earned in Staking & Validating(2)<\/sup><\/td>\n7,895<\/td>\n10,076<\/td>\n11,458<\/td>\n14%<\/td>\n<\/tr>\n
Effective Average HYPE Price In-Period(3)<\/sup><\/td>\n45.76<\/td>\n35.12<\/td>\n30.82<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n *The portion of Adjusted Gross Profit<\/em>
\n
\n (1)<\/em>
\n <\/sup>
\n earned in cash, cash equivalents, and USDH<\/em>
\n
\n (16)<\/em>
\n <\/sup>
\n
\n Please see \u201cFootnotes\u201d and \u201cNon-GAAP Measures of Financial Performance\u201d sections for detailed definitions and reconciliations to the nearest GAAP Metric.<\/em>\n <\/p>\n

\n\n\n\n\n\n\n\n
\n HYPE Treasury Over Time<\/strong>\n <\/td>\n\n 09\/30\/25<\/strong>\n <\/td>\n\n 12\/31\/25<\/strong>\n <\/td>\n\n 3\/31\/26<\/strong>\n <\/td>\n\n 5\/11\/26<\/strong>
\n
\n (14)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
Gross HYPE Tokens(2)<\/sup><\/td>\n1.72 M<\/td>\n1.88 M<\/td>\n1.94 M<\/td>\n2.00 M<\/td>\n<\/tr>\n
HYPE Token Price<\/td>\n$45.2<\/td>\n$25.4<\/td>\n$36.6<\/td>\n$42.2<\/td>\n<\/tr>\n
\n Gross HYPE Holdings<\/strong>
\n
\n (4)<\/strong>
\n <\/sup>\n <\/td>\n		\n $77.8 M<\/strong>\n <\/td>\n\n $47.8 M<\/strong>\n <\/td>\n\n $71.0 M<\/strong>\n <\/td>\n\n $84.5 M<\/strong>\n <\/td>\n<\/tr>\n
Cash, Cash Equivalents, and USDH(16)<\/sup><\/td>\n$8.2 M<\/td>\n$6.5 M<\/td>\n$9.1 M<\/td>\n$16.0 M<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Please see \u201cFootnotes\u201d and \u201cNon-GAAP Measures of Financial Performance\u201d sections for detailed definitions and reconciliations to the nearest GAAP Metric.<\/em>\n <\/p>\n

\n
\n
HYPD Investment Thesis<\/strong>\n <\/p>\n

Hyperion DeFi has executed three full quarters under our new DeFi strategy, with two sequential increases in our operating business and two sequential declines in our core costs. Our continued track record of outperformance versus peers through Q1\u201926 demonstrate that we have transcended the strategy and capabilities of a simple buy-and-hold \u201cDAT\u201d (digital asset treasury company), and instead, we are differentiated as the first U.S. publicly listed DeFi company building on the Hyperliquid blockchain.<\/p>\n