Hyperliquid Strategies posts $13.3M revenue and $620.6M net income

The Nasdaq-listed HYPE treasury beat revenue estimates, but unrealized token gains did most of the heavy lifting on profit Hyperliquid Strategies Inc (NASDAQ: PURR) just reported a quarter where its profit was roughly fifty times its revenue. That isn’t a business model miracle. It is mark-to-market accounting. The company, which holds HYPE tokens as its core treasury asset, booked $13.3 million in revenue for the quarter ended September 30, 2026. Net income landed at $620.6 million , powered largely by unrealized gains on its token pile.