Hyperliquid Strategies Inc. (PURR) Stock Price & Analysis
Hyperliquid Strategies Inc. (PURR) closed at USD 8.68 on Thursday, October 22, 2026, down 9.77% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.62; the Oct 22, 2026 session ranged USD 8.47–9.14 on volume of 14,082,440 shares. Market capitalization is $2.42B, with a 52-week range of USD 3.01–14.76 (NCM). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PURR.md
Key facts (PURR)
- Valuation: P/E 7.9x (avg 2.1x at the last 1 fiscal year-ends).
- 1 of 80 tracked superinvestors hold PURR (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 22.33 (range 17–34.3).
- Total return with dividends: 1Y +122.6% vs S&P 500 +14.9%; 5Y +135.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-16, EPS estimate USD 0.04, revenue estimate $11.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PURR)
| USD | FY2026 | TTM |
|---|---|---|
| Revenue | $9.5M | — |
| Operating income | $501M | — |
| Net income | $306M | $306M |
| EPS (diluted) | $3.21 | — |
| Operating margin | 5292.0% | — |
| Net margin | 3229.8% | — |
| Cash + short-term investments | $138M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PURR)
P/E 7.9x · P/B 1.3x · Earnings yield 12.65%
P/E at fiscal year-ends: Jun 2026 2.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (PURR)
1 of 80 tracked investors hold PURR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.02% | $2.7M | Added +448.8% |
Analysts (PURR)
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 22.33 (low 17, high 34.3).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | Compass Point | Initiated | Buy | $18 |
| 2026-09-10 | Cantor Fitzgerald | Target raised | Overweight | $22.6 → $34.2 |
| 2026-08-28 | Chardan Capital | Target raised | Buy | $9.75 → $17 |
| 2026-08-27 | Chardan Capital | Maintained | Buy | $9.75 |
| 2026-07-01 | Cantor Fitzgerald | Target raised | Overweight | $8 → $18.4 |
Total return (dividends reinvested) (PURR)
| 1Y (from 2025-12-03) | 5Y (from 2025-12-01) | |
|---|---|---|
| Total return | +122.6% | +135.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 101.5% | 87.1% |
| Max drawdown | -45.6% (Jun 2026→Jul 2026) | -38.4% (Sep 2026→Oct 2026) |
PURR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Nexus Research Labs | “On May 13, 2026, we launched a validator node on the Hyperliquid network, "Hyperliquid Strategies x Unit" (the "Validator") in partnership with Nexus Research Labs, Inc. ("Unit").” |
| Partner | Federal Deposit Insurance | “Further, the HYPE we hold with our custodian or custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
| Partner | Securities Investor Protection | “Further, the HYPE we hold with our custodian or custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
Quoted from the company's 10-K filed Aug 27, 2026.
PURR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.04 | $-0.91 | -104.4% | $11.2M | 2 |
| Next quarter (ends Dec 2026) | $0.05 | $0.25 | -79.7% | $13.0M | 2 |
| Current fiscal year (ends Jun 2027) | $0.24 | $-0.23 | -208.1% | $55.3M | 2 |
| Next fiscal year (ends Jun 2028) | $0.37 | $1.25 | -70.5% | $72.6M | 2 |
PURR options: expected move
Options price a move of about ±19.2% (±$1.65) by Nov 20, 2026, which includes earnings on Nov 16, 2026. Over the last 3 reports the stock moved ±3.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 79.4% | ±9.6% |
| Nov 6, 2026 | 14 | 89.0% | ±14.5% |
| Nov 13, 2026 | 21 | 99.0% | ±19.5% |
| Nov 20, 2026 | 28 | 84.8% | ±19.2% |
| Nov 27, 2026 | 35 | 85.8% | ±21.5% |
| Dec 4, 2026 | 42 | 91.6% | ±25.0% |
| Dec 18, 2026 | 56 | 90.6% | ±29.3% |
| Jan 15, 2027 | 84 | 84.8% | ±33.4% |
30-day implied volatility 87.6% vs 87.6% realized over the last 30 trading days. Put/call ratio (volume) 0.23. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 8.68 |
|---|---|
| Change | ▼ 9.77% (down) |
| Previous Close | USD 9.62 |
| Open | USD 8.95 |
| Day Range | USD 8.47 – 9.14 |
| 52-Week Range | USD 3.01 – 14.76 |
| Volume | 14,082,440 shares |
| Market Cap | $2.42B |
| Exchange | NCM |
Technical Analysis (PURR)
Nexqual's technical model rates PURR "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 33.99 (neutral) |
| vs SMA50 | Below (USD 11.16) |
| MACD | -0.72 (negative) |
Analyst Ratings (PURR)
Wall Street analysts rate PURR "Buy" based on 4 analysts, with a mean price target of USD 22.33 (range USD 17–34.3), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 22.33 |
| High Target | USD 34.3 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (PURR)
| Next Earnings Date | 2026-11-16 |
|---|---|
| EPS Estimate | USD 0.04 |
| Revenue Estimate | $11.22M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.86 vs est 0.78 ▼ miss |
| 2026-03-31 | USD 1.01 vs est 0.21 ▲ beat |
| 2025-12-31 | USD -6.56 vs est 0.55 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (PURR)
| Total Revenue | $9.46M |
|---|---|
| Gross Margin | +100.00% |
| Operating Margin | +9595.09% |
| Profit Margin | +3229.83% |
| ROE | +32.64% |
| Current Ratio | 41.62 |
| Total Cash | $137.92M |
| Total Debt | $0 |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (PURR)
Nexqual rates Hyperliquid Strategies Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Strong — Net margin 2708% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Strong — ROE 33% |
Ownership (PURR)
| Insider Ownership | +3.66% |
|---|---|
| Institutional Ownership | +45.29% |
| Shares Outstanding | 278.27M |
| Float | 195.42M |
| Short % of Float | +8.75% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (PURR)
Hyperliquid Strategies Inc. is led by David Ira Schamis, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:21 UTC.
| President, CEO & Director | David Ira Schamis |
|---|---|
| CFO, Secretary & Treasurer | Brett Beldner |
| Chief Operating Officer | Jeroen Nieuwkoop |
Major Backers & Investors (PURR)
Notable institutional backers of Hyperliquid Strategies Inc. include Morgan Stanley, D1 Capital Partners, LP, BIT Capital GmbH, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 3.2% |
| D1 Capital Partners, LP | 2.28% |
| BIT Capital GmbH | 2.05% |
| Paradigm Operations LP | 2.05% |
| Invesco | 2.04% |
| Citadel | 1.7% |
| Nearwater Capital Markets, Ltd | 1.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 3.65% |
| State Street | 3.23% |
| Geode Capital | 1.17% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Hyperliquid Strategies Inc.'s Latest SEC 10-K Filing (filed 2026-08-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Since inception, cumulative perps trading volume on Hyperliquid has exceeded $5.4 trillion, and in 2025 the protocol generated approximately $857 million in net protocol revenue, based on publicly available data.
Partnerships
- The Operator is responsible for the day-to-day technical operation of the validator infrastructure under a service-level agreement with the Company under specific guidelines that were negotiated to ensure compliance with the Company's staking risk management framework.
- Pursuant to the Transaction Agreement, in connection with and at the Closing, the Company and Rorschach Advisors LLC (the "Advisor") entered into an Advisor Rights Agreement (the "Advisor Rights Agreement") and an Advisory Agreement (the "Advisory Agreement", together with the Advisor Rights Agreement, the "Advisor Agreements").
Legal & Regulatory Risks (Item 1A, quoted)
- The patchwork of state money transmission laws and digital asset licensing requirements, including New York's BitLicense regime, may impose compliance burdens on us or restrict our ability to conduct our HYPE treasury strategy in certain jurisdictions.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| MIAX | Miami International Holdings, I | USD 34.99 | ▲ 4.2% |
| LAZ | Lazard, Inc. | USD 37.3 | ▼ 0.19% |
| MC | Moelis & Company | USD 55.06 | ▲ 3.77% |
| PIPR | Piper Sandler Companies | USD 65.54 | ▲ 1.77% |
| RIOT | Riot Platforms, Inc. | USD 12.89 | ▼ 8.06% |
| VIRT | Virtu Financial, Inc. | USD 56.25 | ▼ 1.52% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt