A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 18, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HYPD SEC filings page.
Hyperion DeFi, Inc. (HYPD) reported $813K in revenue for fiscal year 2025, up 1318.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing is carrying a high-overhead operating model while revenue remains too small to absorb ongoing costs.
In FY2025, revenue reached$813K while the operating loss was-$46.7M , showing that the central constraint is operating-cost absorption rather than gross profitability alone. Operating cash flow was-$14.8M against$91.0M of financing inflow, so the balance-sheet expansion reflects outside capital supporting operations rather than cash generated internally.
Gross margin shifted from
The FY2025 balance sheet is less liability-heavy, with debt-to-equity at 0.3x versus 2.2x in FY2023 and a current ratio of 2.7x. That improvement coincides with financing activity and a reported liquidity comparison of 5.1 months, making capital access and deployment central to how the business is currently funded.
Financial Health Signals
Hyperion DeFi, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Hyperion DeFi, Inc. scores -6.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($53.9M) relative to total liabilities ($10.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Hyperion DeFi, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 3 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Hyperion DeFi, Inc. reported a net loss of $45.3M while operations used $14.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Hyperion DeFi, Inc. reported an operating loss of $46.7M against $380K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Hyperion DeFi, Inc. generated $358K in revenue in Q2 2026. Against the prior quarter it is up 46.4%.
Hyperion DeFi, Inc. reported $31.0M in net income in Q2 2026. This represents an increase of 456.1% from the same quarter a year earlier. Against the prior quarter it is up 250.1%.
Hyperion DeFi, Inc. earned $0.92 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 253.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
Hyperion DeFi, Inc. held $9.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Hyperion DeFi, Inc.'s gross margin was 100.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. It is unchanged from the prior quarter.
Hyperion DeFi, Inc.'s ROE was 30.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 53.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.2 percentage points.
Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Hyperion DeFi, Inc. invested $58K in research and development in Q2 2026. This represents a decrease of 91.3% from the same quarter a year earlier. Against the prior quarter it is down 79.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HYPD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $358K | $244K+1559.4% | N/A | $303K+18515.8% | N/A | $15K+194.8% | $28K | $2K+35.6% |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $48-100.0% | $3.1M | $133K+887.8% |
| Gross Profit | $358K | $244K+1564.9% | N/A | $303K+331.1% | N/A | $15K+107.4% | -$3.1M | -$131K-971.3% |
| R&D Expenses | $58K-91.3% | $287K-57.4% | N/A | $374K-89.2% | $675K-85.3% | $673K-84.8% | $2.0M | $3.5M-3.0% |
| SG&A Expenses | $3.9M-49.0% | $4.5M+89.4% | N/A | $2.6M-30.4% | $7.7M+104.3% | $2.4M-34.8% | $3.2M | $3.7M+27.3% |
| Operating Income | $31.0M+471.2% | $8.7M+388.1% | N/A | $4.4M+160.4% | -$8.4M+28.5% | -$3.0M+70.5% | N/A | -$7.3M-12.4% |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$7.0M-13.6% |
| Interest Expense | $234K-55.8% | $226K-61.2% | N/A | $223K-63.0% | $528K-21.6% | $581K-14.3% | $530K | $602K-11.4% |
| Net Income | $31.0M+456.1% | $8.8M+353.8% | N/A | $6.6M+184.0% | -$8.7M+21.4% | -$3.5M+68.1% | N/A | -$7.9M-7.5% |
| EPS (Basic) | $1.01+140.4% | $0.30+118.9% | -$7.76+55.7% | $0.26+102.9% | -$2.50+85.0% | -$1.59+91.5% | -$17.51-10843.8% | -$9.07-4938.9% |
| EPS (Diluted) | $0.92 | $0.26 | -$7.76 | $0.05 | -$2.50 | -$1.59 | -$17.51 | -$9.07 |
| Diluted Shares (Avg) | 17M | 13M | N/A | 29M | 4M | 2M | N/A | 869,479 |
Not reported in any period shown, so not listed: Income Tax.
HYPD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $113.1M+103.3% | $70.1M+1070.9% | $51.8M+1311.3% | $82.8M+263.2% | $55.7M+193.0% | $6.0M-77.1% | $3.7M-87.3% | $22.8M-34.6% |
| Current Assets | $12.9M+37.5% | $8.8M+70.7% | $7.2M+161.8% | $9.1M-22.3% | $9.4M+28.9% | $5.2M-64.3% | $2.8M-86.6% | $11.7M-55.9% |
| Cash & Equivalents | $9.6M+27.9% | $7.4M+87.6% | $6.3M+197.5% | $8.2M+14.4% | $7.5M+227.4% | $3.9M-50.7% | $2.1M-85.7% | $7.2M-65.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.0M+5799.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $11.2M-38.8% | $11.6M-26.3% | $10.7M-36.1% | $12.0M-36.9% | $18.3M-14.3% | $15.7M-35.6% | $16.8M-15.3% | $19.1M0.0% |
| Current Liabilities | $5.5M-46.6% | $4.5M-70.4% | $2.7M-83.2% | $4.0M-74.4% | $10.3M-34.9% | $15.1M-8.3% | $16.0M+68.4% | $15.8M+141.0% |
| Non-Current Liabilities | $5.7M-28.7% | $7.1M+1087.6% | $8.0M+1015.4% | $8.0M+142.8% | $8.0M+44.8% | $598K-92.4% | $718K-93.0% | $3.3M-73.7% |
| Total Equity | $101.9M+172.9% | $58.5M+702.2% | $41.1M+413.5% | $70.8M+1802.4% | $37.4M+1676.4% | -$9.7M-634.4% | -$13.1M-245.5% | $3.7M-76.4% |
| Retained Earnings | -$200.8M+3.2% | -$231.8M-16.6% | -$240.6M-23.2% | -$200.9M-14.5% | -$207.5M-23.9% | -$198.8M-27.1% | -$195.3M-34.2% | -$175.4M-27.5% |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.
HYPD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M+15.9% | -$4.2M+5.5% | -$4.1M+33.6% | -$2.8M+52.5% | -$3.4M+57.8% | -$4.4M+55.1% | -$6.1M+3.3% | -$5.9M-1.8% |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | N/A | $298K+7.3% | $287K-9.7% |
| Stock-Based Compensation | $1.6M-71.2% | $1.8M+545.3% | N/A | -$1.3M-397.4% | $5.7M+948.6% | $280K-48.8% | N/A | $453K-26.1% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $1-100.0% | $2K-99.7% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$6.1M+5.5% | -$5.9M+7.4% |
| Investing Cash Flow | -$5.5M | -$1.5M | -$6.3M-631903800.0% | -$20.1M-1239089.2% | N/A | N/A | -$1+100.0% | -$2K+99.9% |
| Financing Cash Flow | $10.8M-79.5% | $6.6M+5.6% | $8.6M+723.3% | $23.6M+118.1% | $52.6M+1965.5% | $6.3M+99.7% | $1.0M+70.0% | $10.8M+0.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HYPD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0%+0.3pp | N/A | 100.0% | N/A | 99.7% | -10939.5% | -8055.2% |
| Operating Margin | 8668.8% | 3574.8% | N/A | 1463.8% | N/A | -20589.0% | N/A | -451195.5% |
| Net Margin | 8652.9% | 3619.2% | N/A | 2190.2% | N/A | -23665.3% | N/A | -485406.3% |
| Return on Equity | 30.4%+53.6pp | 15.1% | N/A | 9.4%+221.4pp | -23.3% | N/A | N/A | -212.1%-165.6pp |
| Return on Assets | 27.4%+43.0pp | 12.6%+70.8pp | N/A | 8.0%+42.6pp | -15.6%+42.6pp | -58.2%-16.5pp | N/A | -34.6%-13.5pp |
| Current Ratio | 2.34+1.4x | 1.97+1.6x | 2.68+2.5x | 2.25+1.5x | 0.91+0.5x | 0.34-0.5x | 0.17-2.0x | 0.74-3.3x |
| Debt-to-Equity | 0.11-0.4x | 0.20 | 0.26 | 0.17-5.0x | 0.49 | N/A | N/A | 5.13+3.9x |
| Asset Turnover | 0.00 | 0.000.0x | N/A | 0.000.0x | N/A | 0.000.0x | 0.01 | 0.000.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -21752.4% | -365875.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hyperion DeFi, Inc. HYPD | FY2025 | $813K | -$45.3M | N/A | $53.9M | — |
| Vivani Medical, Inc. VANI | FY2025 | $0 | $26.6M | N/A | $110.0M | — |
| Metagenomi Therapeutics, Inc. MGX | FY2025 | $25.2M | -$87.9M | N/A | $43.4M | 48/100 |
| Prelude Therapeutics Incorporated PRLD | FY2025 | $12.1M | -$99.5M | N/A | $356.7M | 70/100 |
| NRX Pharmaceuticals, Inc. NRXP | FY2025 | $1.2M | -$28.6M | N/A | $145.0M | 42/100 |
Where Hyperion DeFi, Inc. Ranks
Frequently Asked Questions
What is Hyperion DeFi, Inc.'s annual revenue?
Hyperion DeFi, Inc. (HYPD) reported $813K in total revenue for fiscal year 2025. This represents a 1318.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hyperion DeFi, Inc.'s revenue growing?
Hyperion DeFi, Inc. (HYPD) revenue grew by 1318.8% year-over-year, from $57K to $813K in fiscal year 2025.
Is Hyperion DeFi, Inc. profitable?
No, Hyperion DeFi, Inc. (HYPD) reported a net income of -$45.3M in fiscal year 2025.
What is Hyperion DeFi, Inc.'s gross margin?
Hyperion DeFi, Inc. (HYPD) had a gross margin of 62.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hyperion DeFi, Inc.'s return on equity (ROE)?
Hyperion DeFi, Inc. (HYPD) has a return on equity of -110.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hyperion DeFi, Inc.'s operating cash flow?
Hyperion DeFi, Inc. (HYPD) recorded an outflow of $14.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Hyperion DeFi, Inc.'s total assets?
Hyperion DeFi, Inc. (HYPD) had $51.8M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Hyperion DeFi, Inc. spend on research and development?
Hyperion DeFi, Inc. (HYPD) invested $1.9M in research and development during fiscal year 2025.
What is Hyperion DeFi, Inc.'s current ratio?
Hyperion DeFi, Inc. (HYPD) had a current ratio of 2.68 as of fiscal year 2025, which is generally considered healthy.
What is Hyperion DeFi, Inc.'s debt-to-equity ratio?
Hyperion DeFi, Inc. (HYPD) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hyperion DeFi, Inc.'s return on assets (ROA)?
Hyperion DeFi, Inc. (HYPD) had a return on assets of -87.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hyperion DeFi, Inc.'s P/E ratio?
Hyperion DeFi, Inc. (HYPD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $53.9M as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hyperion DeFi, Inc.'s price-to-sales ratio?
Hyperion DeFi, Inc. (HYPD) trades at 66.3x sales, its market capitalization divided by revenue of $813K revenue, FY2025. The market capitalization is $53.9M as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Hyperion DeFi, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Hyperion DeFi, Inc. (HYPD) held $6.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $14.8M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Hyperion DeFi, Inc.'s Altman Z-Score?
Hyperion DeFi, Inc. (HYPD) has an Altman Z-Score of -6.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hyperion DeFi, Inc.'s Piotroski F-Score?
Hyperion DeFi, Inc. (HYPD) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hyperion DeFi, Inc.'s earnings high quality?
Hyperion DeFi, Inc. (HYPD) reported a net loss of $45.3M while operations used $14.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Hyperion DeFi, Inc. cover its interest payments?
Hyperion DeFi, Inc. (HYPD) reported an operating loss of $46.7M against $380K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.