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Hyperion DeFi, Inc. (HYPD) Financials

HYPD
FY2025 annual
Revenue $813K +1318.8% YoY
Net Income -$45.3M YoY not available
EPS (Diluted) -$9.40 +84.3% YoY
Operating Cash Flow -$14.8M YoY not available
Market Cap $53.9M as of Sep 18, 2026
Price / Sales 66.3x on $813K revenue, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 0.5x on $101.9M equity, Q2 FY2026

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.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

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).

Rhea AI HYPD FY2025

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 -322.6% in FY2023 to 62.7% in FY2025, indicating a fundamental change in the reported sales-and-cost structure rather than a simple scaling of the earlier business. Yet R&D was only $1.9M while the operating loss remained -$46.7M, meaning development spending alone does not explain the current cost base.

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.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

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.

Altman Z-Score Distress
-6.34

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.

Piotroski F-Score Partial
4/7

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.

Earnings Quality No Cash Backing
N/A

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.

Interest Coverage At Risk
N/A

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

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Earnings & Revenue

Revenue
$358K
QoQ+46.4%

Hyperion DeFi, Inc. generated $358K in revenue in Q2 2026. Against the prior quarter it is up 46.4%.

Net Income
$31.0M
YoY+456.1%
QoQ+250.1%

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%.

EPS (Diluted)
$0.92
QoQ+253.8%

Hyperion DeFi, Inc. earned $0.92 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 253.8%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$9.6M
YoY+27.9%
QoQ+30.6%
5Y CAGR-18.7%

Hyperion DeFi, Inc. held $9.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
16M
QoQ+2.5%
5Y CAGR-9.7%

Hyperion DeFi, Inc. had 16M shares outstanding in Q2 2026. Against the prior quarter it is up 2.5%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
100.0%
QoQ0.0pp

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.

Return on Equity
30.4%
YoY+53.6pp
QoQ+15.2pp

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.

Operating Margin

Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Net Margin

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

R&D Spending
$58K
YoY-91.3%
QoQ-79.6%

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%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

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.

HYPD quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$358K$244K+1559.4%N/A$303K+18515.8%N/A$15K+194.8%$28K$2K+35.6%
Cost of RevenueN/AN/AN/AN/AN/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%
EBITDAN/AN/AN/AN/AN/AN/AN/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)17M13MN/A29M4M2MN/A869,479

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.

HYPD quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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
InventoryN/AN/AN/AN/AN/AN/AN/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.

HYPD quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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 & AmortizationN/AN/AN/AN/AN/AN/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 ExpendituresN/AN/AN/AN/AN/AN/A$1-100.0%$2K-99.7%
Free Cash FlowN/AN/AN/AN/AN/AN/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/AN/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.

HYPD quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin100.0%100.0%+0.3ppN/A100.0%N/A99.7%-10939.5%-8055.2%
Operating Margin8668.8%3574.8%N/A1463.8%N/A-20589.0%N/A-451195.5%
Net Margin8652.9%3619.2%N/A2190.2%N/A-23665.3%N/A-485406.3%
Return on Equity30.4%+53.6pp15.1%N/A9.4%+221.4pp-23.3%N/AN/A-212.1%-165.6pp
Return on Assets27.4%+43.0pp12.6%+70.8ppN/A8.0%+42.6pp-15.6%+42.6pp-58.2%-16.5ppN/A-34.6%-13.5pp
Current Ratio2.34+1.4x1.97+1.6x2.68+2.5x2.25+1.5x0.91+0.5x0.34-0.5x0.17-2.0x0.74-3.3x
Debt-to-Equity0.11-0.4x0.200.260.17-5.0x0.49N/AN/A5.13+3.9x
Asset Turnover0.000.000.0xN/A0.000.0xN/A0.000.0x0.010.000.0x
FCF MarginN/AN/AN/AN/AN/AN/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

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.

Hyperion DeFi, Inc. (HYPD) reported diluted earnings per share of -$9.40 for fiscal year 2025. This represents a 84.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

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.

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.

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.

Hyperion DeFi, Inc. (HYPD) had $51.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Hyperion DeFi, Inc. (HYPD) invested $1.9M in research and development during fiscal year 2025.

Hyperion DeFi, Inc. (HYPD) had 11M shares outstanding as of fiscal year 2025.

Hyperion DeFi, Inc. (HYPD) had a current ratio of 2.68 as of fiscal year 2025, which is generally considered healthy.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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