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Hyperliquid Strategies Inc (PURR) stock

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NASDAQ: PURR Nasdaq Asset Management & Custody Banks Next results ~November 5, 2026

Hyperliquid Strategies Inc is a US-listed company in the asset management & custody banks industry. Its financial year ends in June.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds154 adding, 38 cuttingOf 40 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 210% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Hyperliquid Strategies Inc's latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 107% and a beta of 3.5 against the S&P 500.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 70.5% over 90 days.

Latest results

Earnings per share
-$0.86 against an average estimate of $0.78: missed by 210.3%
Share reaction
+0.4% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.04

Hyperliquid Strategies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-11.8%
  • 1 week+7.1%
  • 1 month-18.3%
  • This year+172.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
August 27, 2026
Next results (est.)
December 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Agreement
  4. Agreement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hyperliquid Strategies Inc valuation models and calculator

No model value for Hyperliquid Strategies Inc at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Hyperliquid Strategies Inc as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
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: no twelve-month earnings or share count in the filings yet
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. — Does not apply: no twelve-month earnings or share count in the filings yet
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: no twelve-month earnings or share count in the filings yet
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hyperliquid Strategies 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.

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.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $11m and EPS of $0.04 (range $0.03 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.24 +133% $55m +484%
Next $0.37 +51% $73m +31%

Next year's EPS estimate has moved −70.5% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −208.1% on 90 days ago. In the last 30 days, 2 analysts raised Hyperliquid Strategies Inc's forecast and 0 cut it.

Consensus EPS forecast Hyperliquid Strategies Inc, last 90 days
−$0.50 $0.00 $0.50 $1.00 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.23 Current fiscal year, 60 days ago: −$0.23 Current fiscal year, 30 days ago: −$0.23 Current fiscal year, 7 days ago: $0.22 Current fiscal year, Now: $0.24 $0.24 Next fiscal year, 90 days ago: $1.25 Next fiscal year, 60 days ago: $1.25 Next fiscal year, 30 days ago: $1.25 Next fiscal year, 7 days ago: $0.33 Next fiscal year, Now: $0.37 $0.37

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.23$1.25
60 days ago −$0.23$1.25
30 days ago −$0.23$1.25
7 days ago $0.22$0.33
Now $0.24$0.37

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.78 −$0.86 −210.3%
Mar 2026 $0.21 $1.01 +373.4%
Dec 2025 $0.55 −$6.56 −1292.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026134
  2. Sep 2026134
  3. Aug 2026123

Counts of recommendations published by analysts covering Hyperliquid Strategies Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.4%
of tradable shares
Days to cover
1.2
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
45%
of shares
Held by insiders
3.7%
of shares
Employees
5
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 2026 to date
Return
PURR+173%
Industry peers (median)−6%
S&P 500+11%
Months that ended higher
PURR55%
S&P 50046%
Largest fall from a high during the year
PURR−46%
S&P 500−9%

Worst fall since December 3, 2025: 46% from June 2, 2026 to July 29, 2026. Getting back needed a 84% gain, reached on August 25, 2026, 27 days after the low.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
−14.9%
vs 200-day average
+26.3%
Volatility (1 year)
107%
Beta vs S&P 500
3.50

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 2 down
typical move ±3.8%
After a week
2 up, 1 down
typical move ±9.0%
After a month
3 up, 0 down
typical move ±16.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 +0.4% +0.4% +10.5% +4.5%
May 7, 2026 −3.0% +0.5% +3.2% +28.9%
February 11, 2026 −8.0% −1.6% −13.2% +14.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Who owns it

Funds buying and selling
Reported value
$946M
Institutions reporting
177
Shares held vs prior quarter
▲ 172.8%
Positions opened / closed
114 / 26

Top buyers and sellers, Q2 2026: 154 institutions bought and 38 sold ; the biggest buyer was Morgan Stanley (+8.8M shares) and the biggest seller Olp Capital Management Ltd (−2.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $79.8M 10.1M 8.4% ▲ 388.3%
State Street Corp $70.8M 9.0M 7.5% ▲ 185.9%
Morgan Stanley $70M 8.9M 7.4% ▲ 6985.0%
D1 Capital Partners L.P. $49.9M 6.3M 5.3% ▼ 20.7%
Paradigm Operations LP $44.9M 5.7M 4.7% 0.0%
Bit Capital Gmbh $44.9M 5.7M 4.7% ▲ 7029.4%
Invesco Ltd. $44.7M 5.7M 4.7% New
Citadel Advisors LLC $37.2M 4.7M 3.9% ▲ 313.4%
Nearwater Capital Markets, Ltd $31.5M 4.0M 3.3% New
Geode Capital Management, LLC $25.7M 3.3M 2.7% ▲ 122.3%
Goldman Sachs Group Inc $24.4M 3.1M 2.6% ▲ 373.6%
Duquesne Family Office LLC $23.1M 2.9M 2.4% New

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 Hyperliquid Strategies Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 7, 2026
  • February 11, 2026

Recent SEC filings

Data status

When each part of this page on Hyperliquid Strategies Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hyperliquid Strategies Inc in brief

What does Hyperliquid Strategies Inc do?
Hyperliquid Strategies Inc is a US-listed company in the asset management & custody banks industry. Its financial year ends in June.
What is Hyperliquid Strategies Inc's stock ticker?
Hyperliquid Strategies Inc trades under the ticker PURR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Hyperliquid Strategies Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
When is Hyperliquid Strategies Inc's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hyperliquid Strategies Inc announces its own schedule.