Hyperion DeFi posts record $31 million Q2 profit as HYPE treasury gains surge
Hyperion DeFi reported record second-quarter net income of $31 million, more than triple the $8. 8 million recorded in the first quarter, as gains from its HYPE treasury rose sharply. The Nasdaq-listed company. . .
Hyperion DeFi reported record second-quarter net income of $31 million, more than triple the $8. 8 million recorded in the first quarter, as gains from its HYPE treasury rose sharply. The Nasdaq-listed company recorded $54. 8 million in treasury gains for the quarter ended June 30, up from $21. 5 million in the prior quarter. Adjusted EBITDA increased to $53. 7 million from $19. 5 million. AdvertisementGAAP gross profit rose to $357,693 from $244,271, while adjusted gross profit increased 20% quarter over quarter to $1. 15 million. Staking yield contributed $527,000, up 69%, and yield-enhancement activities generated $334,000, up 58%. DeFi monetization contributed $158,000, ecosystem rewards added $90,000, and validator commissions totaled $42,000. Hyperion held 2. 04 million HYPE tokens at June 30. Based on a quarter-end HYPE price of $65, gross HYPE holdings were valued at $132. 6 million, up from $71 million at the end of the first quarter. Net asset value reached $134. 2 million, compared with $69. 9 million three months earlier, while cash, cash equivalents and stablecoins totaled $11. 8 million. The company earned 11,115 HYPE through staking and validating during the quarter, with half of adjusted gross profit received in cash. Selling, general and administrative expenses fell to $3. 9 million from $4. 5 million, while operating expenses excluding stock-based compensation declined to $2. 3 million from $3 million. Adjusted operating cash use improved to $2. 1 million from $2. 6 million. Hyperion said it signed an agreement with Entropy for HAUS, an upcoming HIP-3 deployer, and has redeployed 1 million HYPE tokens since June to support HIP-3 and HIP-4 activity. The company also completed the sale of its remaining legacy life-sciences intellectual property to Arctic Vision in July. HYPD shares rose 3. 49% to $2. 784 in after-hours trading as of 4:46 p. m. ET Wednesday, after closing the regular session 1. 89% higher at $2. 69. Disclosure:This article was edited by Editorial Team. For more information on how we create and review content, see ourEditorial Policy.