PURR (Hyperliquid Strategies) Operating Income: $ Mil (TTM As of Mar. 2026)


PURR Hyperliquid Strategies Inc PURR
13 GF Score
Price $8.05
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What is Hyperliquid Strategies Operating Income?

Hyperliquid Strategies PURR -2.07% 13 Operating Income is $ Mil as of Mar. 2026. GuruFocus rates PURR with a GF Score™ of 13/100.

Hyperliquid Strategies's Operating Income for the three months ended in Mar. 2026 was $-4.62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hyperliquid Strategies's Operating Income for the three months ended in Mar. 2026 was $-4.62 Mil. Hyperliquid Strategies's Revenue for the three months ended in Mar. 2026 was $2.63 Mil. Therefore, Hyperliquid Strategies's Operating Margin % for the quarter that ended in Mar. 2026 was -175.97%.

Hyperliquid Strategies's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hyperliquid Strategies's annualized ROC % for the quarter that ended in Mar. 2026 was -2.80%. Hyperliquid Strategies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

Hyperliquid Strategies  (NAS:PURR) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Hyperliquid Strategies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-18.484 * ( 1 - 21.86% )/( (336.19 + 696.894)/ 2 )
=-14.4433976/516.542
=-2.80 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=616.639 - 2.42 - ( 281.926 - max(0, 9.079 - 287.108+281.926))
=336.19

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=810.409 - 2.552 - ( 113.064 - max(0, 6.442 - 117.405+113.064))
=696.894

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Hyperliquid Strategies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.484/( ( (0 + max(-3.897, 0)) + (0 + max(-2.88, 0)) )/ 2 )
=-18.484/( ( 0 + 0 )/ 2 )
=-18.484/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 5.182) - (2.42 + 0 + 6.659)
=-3.897

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3.562) - (2.552 + 0 + 3.89)
=-2.88

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Hyperliquid Strategies's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-4.621/2.626
=-175.97 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Hyperliquid Strategies Operating Income Related Terms

Hyperliquid Strategies Operating Income Historical Data

* Premium members only.

The historical data trend for Hyperliquid Strategies's Operating Income 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 Operating Income Chart

Hyperliquid Strategies Annual Data
Trend
Operating Income

Hyperliquid Strategies Quarterly Data
Jun25 Sep25 Dec25 Mar26
Operating Income 0.00 -1.21 -2.97 -4.62
PURR
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Hyperliquid Strategies Inc PURR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Hyperliquid Strategies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $ Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $ Mil mean?
Hyperliquid Strategies (PURR) has a Operating Income of $ Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hyperliquid Strategies and its competitors.
Is Hyperliquid Strategies' Operating Income too high?
Hyperliquid Strategies' current Operating Income is $ Mil. Overall, Hyperliquid Strategies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hyperliquid Strategies' Operating Income compare to GOLD and PWP?
Hyperliquid Strategies' Operating Income of $ Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Capital Markets company?
A good Operating Income depends on the Capital Markets industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hyperliquid Strategies and its competitors. Hyperliquid Strategies's current Operating Income is $ Mil. 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 Operating Income of $ Mil. The current Operating Income is $ Mil. 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Hyperliquid Strategies (PURR), the current Operating Income is $ Mil 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.

Hyperliquid Strategies Business Description

Other Exchanges 3HD:Germany
Address 477 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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