--- title: "Hyperion DeFi | 8-K: FY2026 Q1 Revenue: USD 244.27 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286404045.md" datetime: "2026-05-14T11:03:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286404045.md) - [en](https://longbridge.com/en/news/286404045.md) - [zh-HK](https://longbridge.com/zh-HK/news/286404045.md) --- # Hyperion DeFi | 8-K: FY2026 Q1 Revenue: USD 244.27 K Revenue: As of FY2026 Q1, the actual value is USD 244.27 K. EPS: As of FY2026 Q1, the actual value is USD 0.26. EBIT: As of FY2026 Q1, the actual value is USD 8.714 M. #### Net Income Hyperion DeFi, Inc. reported a record net income of $8.8 million in Q1 2026, with GAAP Net Income (Loss) at $8,840,550, compared to a net loss of - $39,765,565 in Q4 2025 and a net income of $6,625,582 in Q3 2025. #### Adjusted EBITDA Adjusted EBITDA reached $19.5 million in Q1 2026, with Non-GAAP Adjusted EBITDA recorded at $19,488,132, significantly up from - $38,920,649 in Q4 2025 and $7,951,003 in Q3 2025. #### Gross Profit GAAP Gross Profit was $244,271 in Q1 2026, compared to $192,987 in Q4 2025 and $302,506 in Q3 2025.Non-GAAP Adjusted Gross Profit was $959,568 in Q1 2026, representing a 17% quarter-over-quarter growth from $821 thousand in Q4 2025 and a 119% growth since Q3 2025. #### Adjusted Gross Profit by Segment (in $ Thousands) - **Ecosystem Rewards**: $150 in Q1 2026, a -47% quarter-over-quarter change from $285 in Q4 2025. - **DeFi Monetization**: $245 in Q1 2026, a 140% quarter-over-quarter increase from $102 in Q4 2025. - **Yield Enhancement**: $211 in Q1 2026, a 165% quarter-over-quarter increase from $79 in Q4 2025. - **Validator Commissions**: $40 in Q1 2026, a -17% quarter-over-quarter change from $49 in Q4 2025. - **Staking Yield**: $313 in Q1 2026, a 2% quarter-over-quarter increase from $305 in Q4 2025. #### Operating Expenses GAAP Selling, General and Administrative Expense was $4,493,604 in Q1 2026, compared to $4,530,542 in Q4 2025 and $2,594,130 in Q3 2025.Non-GAAP Operating Expenses Excluding Stock-Based Compensation were $2,975,883 in Q1 2026, a -1% quarter-over-quarter decline from $3.00 million in Q4 2025, marking a second sequential quarterly decline in core costs.Research and development expenses were $287 thousand in Q1 2026, up from $189 thousand in Q4 2025. #### Net Operating (Income) Expenses GAAP Net Operating (Income) Expenses were - $8,487,848 in Q1 2026, compared to $39,958,264 in Q4 2025 and - $4,125,685 in Q3 2025. #### Treasury Gains (Losses) Non-GAAP Treasury Gains (Losses) were $21,451,862 in Q1 2026, a significant improvement from - $36,783,228 in Q4 2025 and $11,868,872 in Q3 2025. #### Cash Flow Net Cash Used in Operating Activities was - $4.2 million in Q1 2026, compared to - $4.1 million in Q4 2025.Net Cash Used in Investing Activities was - $1.5 million for HYPE purchases in Q1 2026, compared to - $6.3 million in Q4 2025.Net Cash Provided by Financing Activities was $6.6 million in Q1 2026, primarily from an “at-the-market” offering, compared to $9.4 million in Q4 2025.Cash and Cash Equivalents (End of Period) were $7,380,922 in Q1 2026, up from $6,443,467 in Q4 2025.Cash, cash equivalents, and USDH totaled $9.1 million as of Q1 2026, and approximately $16.0 million as of May 11, 2026. #### Unique Metrics Hyperion DeFi, Inc.’s treasury exceeded 2.00 million HYPE, 1.92 million KNTQ, and 10.00 million HPL tokens as of May 11, 2026.Gross HYPE Tokens increased from 1.88 million in Q4 2025 to 1.94 million in Q1 2026, and exceeded 2.00 million tokens as of May 11, 2026.Gross HYPE Holdings increased from $47.8 million as of Q4 2025 to $71.0 million as of Q1 2026, reaching $84.5 million as of May 11, 2026.Net Asset Value increased from $44.2 million as of Q4 2025 to $69.9 million as of Q1 2026.The Effective Average HYPE Price In-Period was $30.82 in Q1 2026, down from $35.12 in Q4 2025, representing a 33% decline since Q3 2025.The Portion of Adjusted Gross Profit Earned in Cash increased from 22% in Q4 2025 to 48% in Q1 2026.HYPE Earned in Staking & Validating was 11,458 HYPE tokens in Q1 2026, a 14% quarter-over-quarter increase from 10,076 tokens in Q4 2025.Hyperion DeFi, Inc. received 1,918,478 KNTQ tokens in November 2025 and cumulatively received 10,000,000 HPL tokens in March 2026. #### Outlook / Guidance Hyperion DeFi, Inc. raised its Adjusted Gross Profit 2026 FY Guidance by approximately 20%, now anticipating $5 million to $7 million in Adjusted Gross Profit for 2026, which represents approximately 5 times its 2025 fiscal year results and a $1 million increase from its previous guidance of $4 million to $6 million.The company aims to achieve break-even cash flows by the end of 2026.Operating Expenses Excluding Stock-Based Compensation are expected to decline below a quarterly run-rate of $3.0 million beginning in Q2 2026 due to the exit of legacy biotech operations. ### Related Stocks - [HYPD.US](https://longbridge.com/en/quote/HYPD.US.md) ## Related News & Research - [Hyperion DeFi Q1 net income rebounds, lifts 2026 profit outlook](https://longbridge.com/en/news/286405133.md) - [Hyperion DeFi Flags Liquidity and Earnings Volatility Risks From Rysk Vault and HYPE Options Exposure](https://longbridge.com/en/news/286663866.md) - [DeFi Technologies Appoints Russell Starr as Strategic Advisor | DEFT Stock News](https://longbridge.com/en/news/286408284.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; 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