Hyperion DeFi Inc 2026年季度报告

HYPERION DEFI,INC. FORM10-Q PARTI - FINANCIAL INFORMATION PARTI– FINANCIAL INFORMATION HYPERION DEFI,INC. Condensed Statements of Operations(unaudited) HYPERION DEFI,INC. HYPERION DEFI,INC.Condensed Statements of Cash Flows(unaudited) HYPERION DEFI,INC.Condensed Statements of Cash Flows, continued(unaudited) Table of Contents HYPERION DEFI, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) Note1– Business Organization, Nature of Operations and Basis of Presentation Hyperion DeFi, Inc. (“Hyperion DeFi” or the “Company”) is the first U.S. publicly listed company building onHyperliquid. Hyperion DeFi is working to provide its shareholders with simplified exposure to the Hyperliquid HYPE is the native token of Hyperliquid, a decentralized Layer-1 blockchain designed for high-frequency, transparenttrading. Hyperliquid supports fully on-chain perpetual futures and spot order books, operating with block times ofapproximately 70 milliseconds. Hyperion DeFi’s strategy is designed to allow shareholders to benefit from a gradually Through April 2026, the Company was also conducting research and development activities related to its proprietaryOptejet User Filled Device, designed to work with a variety of topical ophthalmic liquids, including artificial tears and Beginning in July 2025, the Company used the proceeds from its capital raising activities to acquire and deploy HYPEin various revenue-generating activities, which includes native staking, liquid staking and its proprietary HYPE Asset Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“U.S. GAAP”) for interim financial information andwith the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of theinformation and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management,such statements include all adjustments (consisting only of normal recurring items) which are considered necessary fora fair presentation of the condensed financial statements of the Company as of March 31, 2026 and for the threemonths ended March 31, 2026 and 2025. The results of operations for the three months ended March 31, 2026 are not On January 31, 2025, the Company effected a reverse stock split of its common stock at a ratio of 1-for-80 (the“Reverse Split”). Upon the effectiveness of the Reverse Split, every 80 issued shares of common stock werereclassified and combined into one share of common stock. In addition, the number of shares of common stockissuable upon the exercise of the Company’s equity awards, convertible securities and warrants was proportionallydecreased, and the corresponding conversion price or exercise price was proportionally increased. No fractional shareswere issued as a result of the Reverse Split. Stockholders who would otherwise have been entitled to receive a HYPERION DEFI, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) Note 2 – Management’s Liquidity Plans The Company’s primary source of liquidity has historically been cash generated from equity offerings and debt, alongwith recent additional income sources recently generated from the Company’s digital assets business strategies. UnderAccounting Standards Codification (“ASC”) Subtopic 205-40, Presentation of Financial Statements—Going Concern,the Company has the responsibility to evaluate whether conditions and/or events raise substantial doubt about its As of March 31, 2026, the Company had unrestricted cash and cash equivalents of approximately $7.4 million andworking capital of $4.3 million. For the three months ended March 31, 2026, the Company earned net income ofapproximately $8.8 million. For the three months ended March 31, 2025, the Company incurred a net loss ofapproximately $3.5 million. For the three months ended March 31, 2026 and 2025, the Company used cash inoperating activities of approximately $4.2 million and $4.4 million, respectively. Based on the Company’s current The Company’s financial condition is substantially dependent on the market price and liquidity of HYPE tokens,which are subject to extreme volatility and limited trading venues. Substantially all of the Company’s treasury assetsare concentrated in HYPE tokens, the native cryptocurrency of the Hyperliquid protocol. HYPE tokens haveexperienced significant price volatility, and the Company’s financial results and carrying value of its digital assets will On May 7, 2026, the Company closed a public offering of 2,777,778 common shares and received approximately $8.7million in net proceeds. On May 13, 2026, pursuant to the Company’s grant to Chardan Capital Markets, LLC(“Chardan”) of a 30-day option to purchase up to 416,666 additional shares under the previously announcedUnderwriting Agreement dated May 5, 2026 (the “Underwriting Agreement”), the Company issued, and C