marketcaparena

HYPD

HYPERION DEFI, INC.

Company overview

Market capitalization
$60.84M
Employees
9
Latest publication
2026-09-29
About HYPERION DEFI, INC.

Hyperion DeFi, Inc., a DeFi company, engages in building on Hyperliquid. It operates through two segments: Ophthalmic Technology and Digital Assets. The company focuses on the long-term strategic treasury of HYPE tokens to provide simplified exposure to the Hyperliquid blockchain ecosystem. It is also developing the Optejet User Filled Device to work with various topical ophthalmic liquids, including artificial tears and lens rewetting products. The company was formerly known as Eyenovia, Inc. and changed its name to Hyperion DeFi, Inc. in July 2025. Hyperion DeFi, Inc. was founded in 2014 and is based in Dallas, Texas.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Revenue357,693USD244,271USD496,229USD302,506USD0USD14,720USD28,093USD1,625USD
Gross Profit357,693USD244,271USD192,987USD302,506USD-75,588USD14,672USD-3,073,225USD-130,897USD
Research Development58,491USD286,764USD188,954USD373,855USD674,578USD673,043USD1,962,009USD3,471,939USD
Selling General Administrative3,918,592USD4,493,604USD4,530,542USD2,594,130USD7,663,638USD2,350,301USD3,079,596USD3,559,714USD
Total Operating Expenses-30,650,049USD5,284,879USD5,124,827USD2,967,985USD8,277,694USD3,045,365USD16,377,905USD7,201,030USD
Operating Income31,007,742USD-5,040,608USD-4,931,840USD-2,665,479USD-8,353,282USD-3,030,693USD-19,451,130USD-7,331,927USD
Total Other Income Expense Net-56,779USD13,881,158USD-34,833,725USD9,291,061USD-337,637USD-452,840USD-503,650USD-555,926USD
Interest Income206,764USD244,167USD138,878USD43,858USD21,933USD35,349USD23,220USD44,999USD
Interest Expense233,760USD225,869USD224,799USD223,080USD528,410USD581,499USD529,663USD602,109USD
Net Income30,950,963USD8,840,550USD-39,765,565USD6,625,582USD-8,690,919USD-3,483,533USD-19,954,780USD-7,887,853USD
Net Income Applicable To Common Shares15,731,406USD———————
Cost Of Revenue—0USD303,242USD0USD75,588USD48USD3,101,318USD132,522USD
Net Interest Income—18,298USD-85,921USD-179,222USD-506,477USD-546,150USD-506,443USD-557,110USD
Income Before Tax—8,840,550USD-39,765,565USD6,625,582USD-8,690,919USD-3,483,533USD-19,954,780USD-7,887,853USD
Net Income From Continuing Ops—8,840,550USD-39,765,565USD6,625,582USD-8,690,919USD-3,483,533USD-19,954,780USD-7,887,853USD
Ebitda—-5,040,608USD-4,931,840USD6,848,664USD-8,086,921USD-2,902,034USD-19,127,273USD-6,998,263USD
Reconciled Depreciation——0USD0USD0USD0USD297,844USD287,481USD
Selling And Marketing Expenses————15,066USD22,021USD128,403USD169,377USD
Ebit————-8,162,509USD—-19,425,117USD-7,285,744USD
Depreciation And Amortization————75,588USD—297,844USD287,481USD
Unclassified Operating Expenses——————11,207,897USD—
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Total Revenue813,455USD57,336USD3,787USD0USD14,000,000USD2,000,000USD
Cost Of Revenue303,290USD3,927,228USD16,005USD0USD1,600,000USD800,000USD
Gross Profit510,165USD-3,869,892USD-12,218USD0USD12,400,000USD1,200,000USD
Research Development1,910,430USD14,462,722USD12,975,832USD13,378,680USD14,850,874USD13,363,251USD
Selling General Administrative17,175,698USD13,585,765USD11,320,994USD12,329,068USD8,605,460USD7,625,974USD
Total Operating Expenses19,491,459USD44,868,333USD25,394,228USD26,911,515USD25,420,527USD20,989,225USD
Operating Income-18,981,294USD-48,738,225USD-25,406,446USD-26,911,515USD-13,020,527USD-19,789,225USD
Interest Income240,018USD254,024USD693,612USD83,326USD2,516USD—
Interest Expense1,557,788USD2,484,431USD2,371,851USD1,380,058USD387,756USD17,042USD
Net Interest Income-1,317,770USD-2,230,407USD-1,678,239USD-1,296,732USD-385,240USD—
Income Before Tax-45,314,435USD-49,818,433USD-27,261,096USD-28,011,157USD-12,778,387USD-19,769,867USD
Net Income-45,314,435USD-49,818,433USD-27,261,096USD-28,011,157USD-12,778,387USD-19,769,867USD
Net Income From Continuing Ops-45,314,435USD-49,818,433USD-27,261,096USD-28,011,157USD-12,778,387USD—
Ebitda-18,981,294USD-46,205,553USD-24,106,037USD-26,323,669USD-12,169,068USD-19,693,810USD
Reconciled Depreciation0USD1,128,449USD783,208USD307,430USD221,563USD—
Total Other Income Expense Net-26,333,141USD-1,080,208USD-1,854,650USD-1,099,642USD242,140USD19,358USD
Selling And Marketing Expenses—747,349USD1,097,402USD1,203,767USD1,964,192USD59,724USD
Unclassified Operating Expenses—16,072,497USD————
Ebit—-47,334,002USD-24,889,245USD-26,631,099USD-12,390,631USD-19,789,225USD
Depreciation And Amortization—1,128,449USD783,208USD307,430USD221,563USD95,415USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets113,138,918USD70,065,963USD51,764,256USD82,789,907USD55,659,636USD5,983,953USD3,667,759USD22,796,091USD
Cash And Equivalents9,637,216USD———————
Total Current Assets12,908,877USD8,803,947USD7,245,809USD9,085,767USD9,387,297USD5,158,983USD2,767,199USD11,689,565USD
Other Current Assets221,225USD1,423,025USD802,342USD637,132USD1,734,026USD1,198,230USD620,909USD1,396,586USD
Other Non Current Assets182,200USD———————
Total Liabilities11,204,147USD———————
Total Current Liabilities5,508,802USD4,473,018USD2,701,013USD4,037,092USD10,311,094USD15,100,284USD16,046,206USD15,782,964USD
Total Stockholder Equity101,934,771USD58,494,964USD41,060,507USD70,755,032USD37,358,566USD-9,714,001USD-13,095,952USD3,719,303USD
Total Equity Including Noncontrolling Interest101,934,771USD———————
Property Plant Equipment Net207,044USD25,762,534USD16,761,344USD491,589USD590,139USD642,770USD718,360USD4,028,094USD
Accounts Payable139,114USD428,266USD317,900USD1,138,750USD901,594USD1,199,961USD2,199,768USD1,573,940USD
Short Term Debt417,593USD1,974,571USD512,007USD494,656USD477,609USD10,548,835USD10,523,765USD10,034,106USD
Retained Earnings-200,832,914USD-231,783,877USD-240,624,427USD-200,858,862USD-207,484,444USD-198,793,525USD-195,309,992USD-175,355,212USD
Intangible Assets—41,455,885USD36,936,902USD35,019,932USD———6,122,945USD
Total Liab—11,570,999USD10,703,749USD12,034,875USD18,301,070USD15,697,954USD16,763,711USD19,076,788USD
Other Current Liab—2,070,181USD1,871,106USD2,403,686USD8,831,891USD3,351,488USD3,322,673USD4,174,918USD
Common Stock—1,143USD876USD715USD485USD283USD151USD8,638USD
Capital Stock—1,667USD1,420USD1,259USD1,029USD283USD151USD8,638USD
Good Will—24,941,177USD20,591,555USD—————
Cash—7,380,922USD6,443,467USD8,223,179USD7,532,291USD3,934,966USD2,121,463USD7,188,129USD
Cash And Short Term Investments—7,380,922USD6,443,467USD8,223,179USD7,532,291USD3,934,966USD2,121,463USD7,188,129USD
Net Debt—1,691,630USD2,071,276USD269,260USD935,294USD7,211,539USD9,119,806USD5,823,526USD
Short Long Term Debt—1,509,326USD———10,006,274USD9,948,602USD9,429,459USD
Short Long Term Debt Total—9,072,552USD8,514,743USD8,492,439USD8,467,585USD11,146,505USD11,241,269USD13,011,655USD
Long Term Debt—6,965,557USD7,796,136USD7,656,005USD7,516,735USD——2,141,115USD
Property Plant Equipment Gross—340,407USD415,998USD491,589USD590,139USD642,770USD6,520,108USD4,739,535USD
Common Stock Shares Outstanding—10,610,679shares6,452,733shares851,238shares851,238shares851,238shares851,238shares869,479shares
Non Current Assets Total—61,262,015USD44,518,447USD73,704,140USD46,272,339USD824,970USD900,560USD11,106,526USD
Non Current Liabilities Total—7,097,981USD8,002,736USD7,997,782USD7,989,976USD597,670USD717,505USD3,293,824USD
Non Currrent Assets Other—182,199USD230,417USD238,029USD182,200USD182,200USD182,200USD955,487USD
Net Working Capital—4,330,929USD4,544,796USD5,048,675USD-923,797USD-9,941,301USD-13,279,008USD-4,093,399USD
Unclassified Non Current Assets—-31,079,780USD-30,001,771USD—————
Unclassified Current Liabilities—-1,509,326USD———-10,006,274USD-9,948,602USD-9,429,459USD
Unclassified Equity—290,276,031USD281,682,638USD271,611,920USD244,841,496USD189,078,958USD182,213,738USD179,057,239USD
Long Term Investments———37,954,590USD45,500,000USD———
Net Receivables———225,455USD120,980USD25,787USD24,827USD137,594USD
Inventory——————0USD2,967,256USD
Non Current Liabilities Other———————316,275USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Total Assets51,764,256USD3,667,759USD28,779,374USD31,036,413USD31,659,058USD33,906,760USD
Intangible Assets36,936,902USD—2,122,945USD———
Other Current Assets802,342USD620,909USD5,624,030USD3,595,200USD734,942USD2,053,478USD
Total Liab10,703,749USD16,763,711USD19,780,280USD13,801,848USD11,192,443USD18,602,875USD
Total Stockholder Equity41,060,507USD-13,095,952USD8,999,094USD17,234,565USD20,466,615USD15,303,885USD
Other Current Liab1,871,106USD3,322,673USD1,946,541USD2,250,267USD2,408,022USD16,639,173USD
Common Stock876USD151USD57USD3,667USD2,844USD2,498USD
Capital Stock1,420USD151USD57USD3,667USD2,844USD—
Retained Earnings-240,624,427USD-195,309,992USD-145,491,559USD-118,230,463USD-90,219,306USD-77,440,919USD
Good Will20,591,555USD—————
Cash6,443,467USD2,121,463USD14,849,057USD22,863,520USD19,461,850USD28,371,828USD
Cash And Short Term Investments6,443,467USD2,121,463USD14,849,057USD22,863,520USD19,461,850USD28,371,828USD
Total Current Assets7,245,809USD2,767,199USD20,706,718USD27,642,506USD22,001,857USD33,391,345USD
Total Current Liabilities2,701,013USD16,046,206USD9,530,382USD4,512,328USD11,172,494USD18,198,377USD
Net Debt2,071,276USD9,119,806USD1,231,510USD-12,740,222USD-12,311,482USD-27,908,475USD
Short Term Debt512,007USD10,523,765USD5,830,669USD833,778USD7,150,368USD97,539USD
Short Long Term Debt Total8,514,743USD11,241,269USD16,080,567USD10,123,298USD7,150,368USD463,353USD
Long Term Debt7,796,136USD—8,957,231USD8,381,876USD——
Accounts Payable317,900USD2,199,768USD1,753,172USD1,428,283USD1,614,104USD1,461,665USD
Property Plant Equipment Net16,761,344USD718,360USD5,041,102USD2,586,707USD1,271,225USD396,380USD
Property Plant Equipment Gross415,998USD6,520,108USD7,171,589USD3,948,871USD1,991,574USD—
Common Stock Shares Outstanding5,000,331shares832,997shares512,912shares420,621shares329,051shares263,184shares
Non Current Assets Total44,518,447USD900,560USD8,072,656USD3,393,907USD9,657,201USD515,415USD
Non Current Liabilities Total8,002,736USD717,505USD10,249,898USD9,289,520USD19,949USD404,498USD
Non Currrent Assets Other230,417USD182,200USD908,609USD807,200USD8,385,976USD119,035USD
Net Working Capital4,544,796USD-13,279,008USD11,176,336USD23,130,178USD10,829,363USD—
Unclassified Non Current Assets-30,001,771USD—————
Unclassified Equity281,682,638USD182,213,738USD154,490,539USD135,457,694USD110,680,233USD92,742,306USD
Short Long Term Debt—9,948,602USD5,329,419USD348,896USD7,150,368USD—
Net Receivables—24,827USD123,833USD1,183,786USD1,805,065USD2,966,039USD
Inventory—0USD109,798USD0USD——
Unclassified Current Liabilities—-9,948,602USD-5,329,419USD—-7,150,368USD—
Unclassified Non Current Liabilities——1,292,667USD———
Accumulated Other Comprehensive Income———0USD0USD—
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Cash flow YTD

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USD
Stock Based Compensation3,436,835USD
Change To Liabilities-178,786USD
Change In Working Capital-2,089,122USD
Operating Cash Flow-7,093,987USD
Investing Cash Flow-6,952,620USD
Net Common Stock Issuance-231,098USD
Unclassified Financing Cash Flow17,604,043USD
Financing Cash Flow17,372,945USD
Change In Cash3,326,338USD
End Cash Flow9,637,216USD
SourceDisclosureDeterministicFinal

Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Net Income8,840,550USD8,840,550USD-39,765,565USD6,625,582USD-8,690,919USD-3,483,533USD-19,954,780USD-7,887,853USD
Stock Based Compensation2,975,883USD1,804,485USD1,765,761USD-1,347,031USD5,673,654USD279,628USD163,987USD452,998USD
Financing Cash Flow6,606,942USD———————
Change In Cash2,526,763USD937,455USD-1,779,712USD690,889USD3,597,325USD1,813,503USD-5,066,666USD4,887,277USD
End Cash Flow9,051,653USD———————
Other Non Cash Items—-11,551,557USD37,436,209USD-9,443,399USD395,815USD462,769USD13,779,639USD424,162USD
Change In Working Capital—-1,485,645USD-1,728,202USD1,342,029USD-825,501USD-1,701,710USD-397,589USD779,358USD
Total Cash From Operating Activities—-4,196,652USD-4,057,558USD-2,822,819USD-3,446,951USD-4,442,846USD-6,110,899USD-5,943,854USD
Capital Expenditures—-4,196,652USD-6,319,039USD-20,112,041USD-45,522,959USD0USD-1USD-1,623USD
Free Cash Flow—-5,669,487USD-4,057,559USD-22,934,860USD-48,969,910USD-4,442,846USD-6,110,900USD-5,945,477USD
Total Cashflows From Investing Activities—-1,472,835USD-6,319,039USD-20,112,041USD-45,522,959USD——-1,623USD
Net Borrowings—-58,440USD0USD1USD-1,311,159USD-152,279USD-1,731,304USD-2,691,307USD
Total Cash From Financing Activities—6,606,942USD8,596,884USD23,625,749USD52,567,235USD6,256,349USD1,044,234USD10,832,754USD
Issuance Of Capital Stock—6,981,098USD-40,352,948USD22,489,547USD52,657,659USD5,851,007USD3,245,021USD15,352,245USD
Begin Period Cash Flow—6,443,467USD8,223,179USD7,532,291USD3,934,966USD2,121,463USD7,188,129USD2,300,852USD
End Period Cash Flow—7,380,922USD6,443,467USD8,223,180USD7,532,291USD3,934,966USD2,121,463USD7,188,129USD
Unclassified Operating Cash Flow—-1,804,485USD-1,765,761USD—————
Unclassified Investing Cash Flow—2,723,817USD-65,635,000USD40,247,041USD91,022,959USD———
Depreciation——0USD0USD0USD0USD297,844USD287,481USD
Dividends Paid——-795,000USD-97,167USD————
Other Cashflows From Investing Activities——65,635,000USD-20,135,000USD-45,500,000USD———
Other Cashflows From Financing Activities——-136,796USD-802,769USD51,220,735USD557,621USD-469,483USD-1,828,184USD
Unclassified Financing Cash Flow——49,881,628USD2,036,137USD-50,000,000USD———
Change To Inventory———0USD0USD0USD1,051,023USD-910,197USD
Investments———-20,112,041USD-45,522,959USD0USD-1USD-1,623USD
Change To Account Receivables—————-960USD112,767USD-13,421USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Net Income-45,314,435USD-49,818,433USD-27,261,096USD-28,011,157USD-12,778,387USD-19,769,867USD
Depreciation0USD1,128,449USD783,208USD307,430USD221,563USD95,415USD
Stock Based Compensation6,372,012USD1,704,273USD2,497,890USD3,765,364USD2,886,102USD2,483,172USD
Other Non Cash Items33,457,645USD17,204,555USD1,623,389USD1,095,736USD-501,759USD-79,693USD
Change In Working Capital-2,913,384USD-339,825USD-1,479,930USD-2,262,855USD-10,701,951USD10,886,697USD
Total Cash From Operating Activities-14,770,174USD-30,120,981USD-23,836,539USD-25,105,482USD-20,874,432USD-6,384,276USD
Capital Expenditures-4USD-161,477USD-3,970,537USD-874,745USD-1,618,517USD-261,257USD
Free Cash Flow-14,770,170USD-30,282,458USD-27,807,076USD-25,980,227USD-22,492,949USD-6,645,532USD
Total Cashflows From Investing Activities-71,954,039USD-161,477USD-3,970,537USD-874,745USD-1,618,517USD-261,257USD
Net Borrowings-1,463,437USD-5,505,050USD4,390,860USD1,824,668USD6,794,640USD—
Total Cash From Financing Activities91,046,217USD17,554,864USD19,792,613USD21,506,897USD21,457,971USD20,864,760USD
Dividends Paid-892,167USD0USD————
Issuance Of Capital Stock40,645,265USD25,619,417USD16,711,377USD20,426,429USD12,785,483USD—
Change In Cash4,322,004USD-12,727,594USD-8,014,463USD-4,473,330USD-1,034,978USD14,219,227USD
Begin Period Cash Flow2,121,463USD14,849,057USD22,863,520USD27,336,850USD28,371,828USD14,152,601USD
End Period Cash Flow6,443,467USD2,121,463USD14,849,057USD22,863,520USD27,336,850USD28,371,828USD
Other Cashflows From Financing Activities-136,796USD-2,559,503USD-1,309,624USD-744,200USD1,877,848USD20,876,623USD
Unclassified Operating Cash Flow-6,372,012USD—————
Unclassified Investing Cash Flow-71,954,035USD—5,093,482USD—1,618,517USD—
Unclassified Financing Cash Flow52,893,352USD—————
Change To Account Receivables—99,006USD1,059,953USD621,279USD1,397,924USD—
Change To Inventory—0USD-122,016USD0USD——
Investments—-161,477USD-3,970,537USD-874,745USD-1,618,517USD—
Other Cashflows From Investing Activities——-1,122,945USD———
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

PeriodDimensionBusiness / regionRevenueCurrencySource
FY 2025Yearly · 2025-12-31SegmentDigital Assets798,735USD0001104659-26-036286
FY 2025Yearly · 2025-12-31SegmentOphthalmic Technology14,720USD0001104659-26-036286

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.