Hyperion Defi, Inc. key statistics and ratios

In fiscal 2025, Hyperion Defi, Inc. had an operating margin of -5743.5%, debt equal to 19.0% of equity and a current ratio of 2.68. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hyperion Defi, Inc.: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	60.0%	88.6%	—	—	62.7%	78.4%
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%
Return on equity	−129.2%	−71.4%	−185.0%	—	—	9.3%
Return on assets	−58.3%	−39.0%	−90.2%	−307.1%	−163.5%	8.1%
Asset turnover	0.06	0.43	0.00	0.00	0.03	0.02
Current ratio	1.83	1.97	2.17	0.17	2.68	2.34
Debt to equity	3.0%	0.0%	173.8%	—	19.0%	5.5%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	4.9x
R&D as % of revenue	668.2%	106.1%	>999%	>999%	234.9%	64.8%
SG&A as % of revenue	—	—	>999%	>999%	>999%	>999%
Capital spending as % of revenue	13.1%	8.8%	>999%	281.6%	0.0%	0.0%
Free cash flow ÷ net income	—	—	—	—	—	−210.1%

US$ thousands unless shown otherwise. Fiscal quarters.

Hyperion Defi, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	—	—	99.7%	—	100.0%	38.9%	100.0%	100.0%
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%
Current ratio	0.74	0.17	0.34	0.91	2.25	2.68	1.97	2.34
Debt to equity	62.0%	—	—	—	—	19.0%	11.9%	5.5%
R&D as % of revenue	>999%	>999%	>999%	—	123.6%	38.1%	117.4%	16.4%
SG&A as % of revenue	>999%	>999%	>999%	—	857.5%	913.0%	>999%	>999%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Hyperion Defi, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hyperion Defi, Inc.