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Hyperliquid StrategiesPURR -1.47%13 Net-Net Working Capital is $0.37 as of Mar. 2026. GuruFocus rates PURR with a GF Score™ of 13/100. Among 287 Capital Markets companies, Hyperliquid Strategies ranks worse than 79.09% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Hyperliquid Strategies's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.37.
The industry rank for Hyperliquid Strategies's Net-Net Working Capital or its related term are showing as below:
PURR's Price-to-Net-Net-Working-Capital is ranked worse than 79.09% of 287
companies
in the Capital Markets industry
Industry Median: 5
vs PURR: 18.04
Hyperliquid Strategies (NAS:PURR) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Hyperliquid Strategies Net-Net Working Capital Related Terms
Hyperliquid Strategies Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Hyperliquid Strategies's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hyperliquid Strategies Net-Net Working Capital Chart
Hyperliquid Strategies Annual Data
Trend
Net-Net Working Capital
Hyperliquid Strategies Quarterly Data
Jun25
Sep25
Dec25
Mar26
Net-Net Working Capital
0.00
-0.01
2.06
0.37
PURR vs GOLD, PWP, OPY: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Hyperliquid Strategies's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hyperliquid Strategies Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hyperliquid Strategies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hyperliquid Strategies's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.37 mean?
Hyperliquid Strategies (PURR) has a Net-Net Working Capital of $0.37 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Hyperliquid Strategies According to the industry distribution chart, Hyperliquid Strategies ranks #227 out of 287 companies in the Capital Markets industry, placing it in the top 79.1%.
Is Hyperliquid Strategies' Net-Net Working Capital too high?
Hyperliquid Strategies' current Net-Net Working Capital is $0.37. The Capital Markets industry median Net-Net Working Capital is 5.00. Hyperliquid Strategies' value of $0.37 is 92.6% below this industry median. Based on the distribution chart, Hyperliquid Strategies ranks #227 out of 287 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Hyperliquid Strategies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hyperliquid Strategies' Net-Net Working Capital compare to GOLD and PWP?
According to the Capital Markets industry distribution chart, Hyperliquid Strategies ranks #227 out of 287 companies for Net-Net Working Capital. This places Hyperliquid Strategies in the lower half of its industry. The industry median Net-Net Working Capital is 5.00. Hyperliquid Strategies' value of $0.37 is 92.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 5.00, based on 287 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hyperliquid Strategies's current Net-Net Working Capital of $0.37 is 92.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Hyperliquid Strategies For the Capital Markets industry, the median Net-Net Working Capital is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyperliquid Strategies's current Net-Net Working Capital is $0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyperliquid Strategies stock overvalued right now?
Hyperliquid Strategies (PURR) has a current Net-Net Working Capital of $0.37. The current Net-Net Working Capital is $0.37 and 92.6% below the Capital Markets industry median of 5.00. Hyperliquid Strategies' overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Hyperliquid Strategies (PURR), the current Net-Net Working Capital is $0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Address477 Madison Avenue, 22nd Floor, New York, NY, USA, 10022
Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is positioned to become the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets.
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