HYPERION DEFI, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $813,455 | $57,336 | $3,787 | — | $14.0M |
| Cost of revenue | $303,290 | $3.9M | $16,005 | — | $1.6M |
| Gross profit | $510,165 | -$3.9M | -$12,218 | — | $12.4M |
| Selling, general & administrative | $17.2M | $14.3M | $12.4M | — | — |
| Research and development | $1.9M | $14.5M | $13.0M | $13.4M | $14.9M |
| Operating expenses | $47.2M | $44.9M | $25.4M | $26.9M | $25.4M |
| Operating income | -$46.7M | -$48.7M | -$25.4M | -$26.9M | -$13.0M |
| Interest expense | $1.6M | $2.5M | $2.4M | $1.4M | $387,756 |
| Income tax expense | -$30,940 | — | — | — | — |
| Net income | -$45.3M | -$49.8M | -$27.3M | -$28.0M | -$12.8M |
| Balance Sheet | |||||
| Cash and equivalents | $6.4M | $2.1M | $14.8M | $22.9M | $19.5M |
| Current assets | $7.2M | $2.8M | $20.7M | $27.6M | $22.0M |
| Total assets | $51.8M | $3.7M | $28.8M | $31.0M | $31.7M |
| Current liabilities | $2.7M | $16.0M | $9.5M | $4.5M | $11.2M |
| Total liabilities | $10.7M | $16.8M | $19.8M | $13.8M | $11.2M |
| Stockholders' equity | $41.1M | -$13.1M | $9.0M | $17.2M | $20.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$14.8M | -$30.1M | -$23.8M | -$25.1M | -$20.9M |
| Depreciation and amortization | — | $1.1M | $783,208 | $307,430 | $221,563 |
| Stock-based compensation | $6.4M | $1.7M | $2.5M | $3.8M | $2.9M |
| Capital expenditure | — | $161,477 | $2.8M | $540,360 | $1.2M |
| Free cash flow | — | -$30.3M | -$26.7M | -$25.6M | -$22.1M |
| Impairments | $27.2M | $11.2M | — | $209,040 | $0 |
Shares outstanding 15.2M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.