Hyperion DeFi Q3 Net Income Sets Record at $39.6 Million

According to TechFlow, on November 12, Hyperion DeFi (Nasdaq: HYPD), the first Hyperliquid ecosystem DeFi company listed in the United States, reported Q3 results for the quarter ended September 30: net income of $39.6 million, up 28% quarter over quarter and nearly 5x year over year, marking a record for the third consecutive quarter; adjusted EBITDA was $48.7 million.

On the revenue side, Q3 gross profit was $810,000, up 127% quarter over quarter; adjusted gross profit was $2.8 million, up 143% quarter over quarter, equivalent to 3.6 times the base HYPE staking yield. Net income included $48.05 million in mark-to-market gains on digital assets. The company said it sold about $13 million of HYPE in Q3 to repay debt, while its end-of-quarter HYPE holdings still increased to 1.85 million tokens, up 41% quarter over quarter; net asset value was $182.4 million, up 36%, and cash, cash equivalents and stablecoins totaled $14.5 million.

On the capital structure front, the company repaid about $8.6 million of loans to Avenue Capital and cleared all legacy debt, and under the $20 million share repurchase program announced on September 8, it repurchased 240,100 shares at an average price approximately 30% below net asset value; core operating profit turned positive at $600,000, one quarter ahead of the original target of the end of 2026. CEO Hyunsu Jung said the company is positioning itself as the institutional gateway to DeFi innovation.

Source: TechFlow