How Hyperliquid Strategies makes money

Period

FY2026

How does Hyperliquid Strategies make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Hyperliquid Strategies Inc · FY2026 · year ended 2026-06-30

Revenue$9MGross profit$9M · 100%Cost of revenue$0 · 0%Operating income$9M · 100%Operating expenses$0 · 0%Pre-tax income$489M · 5169%Other income$480M · 5069%Net income$306M · 3230%Income tax$183M · 1939%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.