Hyperion Defi, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Hyperion Defi has little or no product revenue yet; it used $14m of cash in the twelve months to June 2026.
Our model value for Hyperion Defi is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Hyperion Defi, Inc.'s trailing-twelve-month revenue grew 3052.0% year on year, with a free-cash-flow margin of -997.7%.
Current signal Operating margin expanding: TTM operating margin reached 314.3%, up 86202.6pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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No model value for Hyperion Defi, Inc. at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Hyperion Defi, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.46 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$10 ~$11–$27 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hyperion Defi, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 12, 2026, before the open. Analysts expect revenue of $750000 for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $7.00 | +175% | $2m | +183% |
| Next | $2.42 | −65% | $6m | +150% |
Next year's EPS estimate has moved +443.8% in 90 days, across 2 analysts.
The consensus EPS forecast for the current fiscal year is +780.5% on 90 days ago. In the last 30 days, 2 analysts raised Hyperion Defi, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.80 | $0.45 |
| 60 days ago | $0.79 | $0.43 |
| 30 days ago | $0.79 | $0.43 |
| 7 days ago | $2.35 | $1.33 |
| Now | $7.00 | $2.42 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $2.24 | $0.92 | −58.9% |
| Dec 2025 | −$4.62 | −$6.29 | −36.2% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months −54.2%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $44438 | $1m | +3052.0% |
| P/S multiple | n/m | 46.0x | −97.8% |
| Share count | 14m | 22m | −33.3% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| HYPD | −34% | −59% | +28% | −93% | −70% | −17% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| HYPD | 33% | 25% | 50% | 33% | 33% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| HYPD | −53% | −62% | −81% | −97% | −93% | −50% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since January 25, 2018: 100% from January 26, 2018 to April 8, 2025. Getting back needed a 86422% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 2, 2026 | +6.3% | +1.4% | −7.1% | −18.9% |
| August 12, 2026 | +7.2% | +0.9% | +15.2% | +32.2% |
| May 14, 2026 | −4.0% | −0.4% | +11.4% | −16.6% |
| March 26, 2026 | −7.6% | −3.5% | −12.2% | +18.6% |
| November 13, 2025 | −7.1% | −1.7% | −19.9% | −42.9% |
| August 13, 2025 | −7.5% | +0.4% | −14.1% | +107.2% |
| May 19, 2025 | +47.8% | −0.2% | +37.2% | +327.4% |
| March 20, 2025 | −17.4% | −0.3% | −24.6% | −35.9% |
| November 12, 2024 | −12.1% | −0.3% | −74.4% | −81.0% |
| August 13, 2024 | −13.0% | +2.0% | −22.6% | −38.3% |
| May 15, 2024 | −0.6% | +1.0% | −9.7% | −23.6% |
| November 13, 2023 | +3.3% | +1.8% | +11.6% | +47.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY22 Q1 | $12M |
| FY22 Q2 | $10M |
| FY22 Q3 | $10M |
| FY24 Q2 | $31.4K |
| FY24 Q3 | $31.8K |
| FY24 Q4 | $57.3K |
| FY25 Q1 | $67.1K |
| FY25 Q2 | $44.4K |
| FY25 Q3 | $345.3K |
| FY25 Q4 | $813.5K |
| FY26 Q1 | $1M |
| FY26 Q2 | $1.4M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY25 Q2 | 41.5% |
| FY25 Q3 | 984.8% |
| FY25 Q4 | 1318.8% |
| FY26 Q1 | 1455.3% |
| FY26 Q2 | 3052.0% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY22 Q1 | -123.7% |
| FY22 Q2 | -171.8% |
| FY22 Q3 | -184.9% |
| FY24 Q2 | -114446.5% |
| FY24 Q3 | -115461.3% |
| FY24 Q4 | -85004.6% |
| FY25 Q1 | -61885.2% |
| FY25 Q2 | -85888.3% |
| FY25 Q3 | -7647.1% |
| FY25 Q4 | -5743.5% |
| FY26 Q1 | -3351.7% |
| FY26 Q2 | 314.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY22 Q1 | -212.8% |
| FY22 Q2 | -247.2% |
| FY22 Q3 | -329.5% |
| FY24 Q2 | -99075.1% |
| FY24 Q3 | -96252.2% |
| FY24 Q4 | -52815.8% |
| FY25 Q1 | -36789.4% |
| FY25 Q2 | -44881.7% |
| FY25 Q3 | -4871.9% |
| FY25 Q4 | -1815.7% |
| FY26 Q1 | -1392.5% |
| FY26 Q2 | -997.7% |
| Fiscal year | 2020 Dec 2020 | 2021 Dec 2021 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 2 | 14 | 0 | 0 | 1 | 1 |
| Gross profit | 1 | 12 | −0 | −4 | 1 | 1 |
| EBITDA | −20 | −13 | −25 | −48 | — | — |
| Operating income | −20 | −13 | −25 | −49 | −47 | 4 |
| Net income | −20 | −13 | −27 | −50 | −45 | 7 |
| Diluted EPS | −$0.94 | −$0.49 | −$53.15 | −$59.81 | −$9.40 | — |
| Growth (year on year) | ||||||
| Revenue | — | +600.0% | −100.0% | +>999% | +>999% | +>999% |
| Margins | ||||||
| Gross margin | 60.0% | 88.6% | −322.6% | <−999% | 62.7% | 78.4% |
| EBITDA margin | −984.7% | −91.4% | <−999% | <−999% | — | — |
| Operating margin | −989.5% | −93.0% | <−999% | <−999% | <−999% | 314.3% |
| Net margin | −988.5% | −91.3% | <−999% | <−999% | <−999% | 474.9% |
| Free-cash-flow margin | −332.3% | −157.9% | <−999% | <−999% | <−999% | −997.7% |
| Cash flow | ||||||
| Cash from operations | −6 | −21 | −24 | −30 | −15 | −14 |
| Capital spending | 0 | 1 | 3 | 0 | 0 | 0 |
| Free cash flow | −7 | −22 | −27 | −30 | −15 | −14 |
| Stock-based pay | 2 | 3 | 2 | 2 | 6 | 4 |
| Free cash flow after stock pay | −9 | −25 | −29 | −32 | −21 | −18 |
| Balance sheet | ||||||
| Cash | 28 | 19 | 15 | 2 | 6 | 10 |
| Total debt | 0 | 0 | 16 | — | — | 6 |
| Net debt (negative = net cash) | −28 | −19 | 1 | −2 | −6 | −4 |
| Diluted shares | — | — | — | — | 5m | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | −0 | −3 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | −7 | −19 | — | — | — | — | — | — |
| Operating income | −7 | −19 | −3 | −8 | 4 | −40 | 9 | 31 |
| Net income | −8 | −20 | −3 | −9 | 7 | −40 | 9 | 31 |
| Diluted EPS | −$1.13 | −$2.19 | −$0.20 | −$0.31 | $0.05 | −$7.76 | $0.26 | $0.92 |
| Growth (year on year) | ||||||||
| Revenue | +35.6% | +985.1% | +194.8% | −100.0% | +>999% | +>999% | +>999% | — |
| Margins | ||||||||
| Gross margin | <−999% | <−999% | 99.7% | — | 100.0% | 38.9% | 100.0% | 100.0% |
| EBITDA margin | <−999% | <−999% | — | — | — | — | — | — |
| Operating margin | <−999% | <−999% | <−999% | — | >999% | <−999% | >999% | >999% |
| Net margin | <−999% | <−999% | <−999% | — | >999% | <−999% | >999% | >999% |
| Free-cash-flow margin | <−999% | <−999% | — | — | −933.1% | −817.7% | <−999% | −810.0% |
| Cash flow | ||||||||
| Cash from operations | −6 | −6 | −4 | −3 | −3 | −4 | −4 | −3 |
| Capital spending | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −6 | −6 | — | −3 | −3 | −4 | −4 | −3 |
| Stock-based pay | 0 | 0 | 0 | 6 | −1 | 2 | 2 | 2 |
| Free cash flow after stock pay | −6 | −6 | — | −9 | −1 | −6 | −6 | −5 |
| Last 12 months unless stated | HYPD | AGPU | GROW | DFDV | GEG | NAKA | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $1m | $3m | $14m | $15m | $28m | $28m | $842m |
| Revenue growth, last 12 months | >999% | >999% | 32.8% | 328.6% | 70.2% | >999% | 20.6% |
| Revenue growth, 3-year average | −53.6% | 28.2% | −1.5% | 94.4% | 3.0% | — | 10.2% |
| Revenue growth, latest quarter | >999% | >999% | 57.9% | 66.9% | 88.3% | >999% | 17.5% |
| Gross margin | 78.4% | 7.1% | — | 97.8% | — | — | 78.4% |
| Operating margin | 314.3% | <−999% | −4.2% | −866.5% | −50.4% | <−999% | 26.4% |
| Operating margin, 3-year average | <−999% | <−999% | −12.0% | −233.9% | −47.8% | −664.9% | 18.5% |
| Net margin | 474.9% | <−999% | 21.2% | <−999% | −127.6% | <−999% | 17.9% |
| Cash from operations / revenue | −997.7% | 360.9% | 5.2% | −198.9% | 56.4% | −169.5% | 26.3% |
| Free-cash-flow margin | −997.7% | −163.9% | 5.2% | −198.9% | 51.8% | −169.5% | 21.3% |
| Free-cash-flow margin, 3-year average | <−999% | <−999% | 1.5% | −149.5% | −34.8% | −140.9% | 16.6% |
| Stock pay / revenue | 275.3% | 54.5% | 0.1% | 20.6% | 8.2% | 20.2% | 4.0% |
| Change in share count | 20.3% | 20.4% | −4.9% | — | 19.8% | 937.0% | −0.2% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Digital Assets | $798,735 | 98.2% | — |
| Ophthalmic Technology | $14,720 | 1.8% | ▼ 74.3% |
From Hyperion Defi, Inc.'s 10-K filed March 30, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Vanguard Capital Management LLC | $1.5M | 467K | 18.5% | ▲ 453.0% |
| Franklin Resources Inc | $1.2M | 396K | 15.7% | New |
| Arrington Capital Management, LLC | $935,020 | 298K | 11.8% | New |
| Morgan Stanley | $747,276 | 238K | 9.4% | 0.0% |
| Almanack Investment Partners, Llc. | $530,701 | 169K | 6.7% | New |
| Geode Capital Management, LLC | $410,467 | 131K | 5.2% | ▲ 69.6% |
| Jane Street Group, LLC | $400,321 | 127K | 5.1% | ▼ 0.6% |
| Oppenheimer & Co Inc | $396,786 | 126K | 5.0% | ▲ 96.6% |
| Blackrock, Inc. | $359,216 | 114K | 4.5% | ▲ 41.0% |
| Goldman Sachs Group Inc | $286,965 | 91K | 3.6% | New |
| Vanguard Fiduciary Trust Co | $233,789 | 74K | 3.0% | ▲ 164.5% |
| Citadel Advisors LLC | $176,779 | 56K | 2.2% | ▼ 50.1% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hyperion Defi, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Jung Hyunsu See Remarks | June 2, 2026 | Buy | 500 | $3.68 | $1,840 |
| Jung Hyunsu See Remarks | June 2, 2026 | Buy | 500 | $3.64 | $1,820 |
| Jung Hyunsu See Remarks | June 1, 2026 | Buy | 2,000 | $3.81 | $7,620 |
| Jung Hyunsu See Remarks | June 1, 2026 | Buy | 5,000 | $3.66 | $18,300 |
| Knox David R. Chief Financial Officer | December 31, 2025 | Buy | 27,950 | $3.59 | $100,340 |
| Strahlman Ellen R Director | December 29, 2025 | Buy | 11,856 | $3.61 | $42,800 |
| Strahlman Ellen R Director | December 29, 2025 | Buy | 12,112 | $3.60 | $43,603 |
| Strahlman Ellen R Director | December 26, 2025 | Buy | 3,311 | $3.86 | $12,780 |
| Strahlman Ellen R Director | December 26, 2025 | Buy | 3,601 | $3.86 | $13,900 |
| Strahlman Ellen R Director | December 18, 2025 | Buy | 19,702 | $3.14 | $61,864 |
| Strahlman Ellen R Director | December 18, 2025 | Buy | 18,742 | $3.14 | $58,850 |
| Geltzeiler Michael S Director | December 17, 2025 | Buy | 30,000 | $3.01 | $90,300 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around December 29, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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