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Hyperliquid Strategies (PURR) Q1 FY27 earnings results (first quarter fiscal 2027)

10-Q filed Nov 5, 2026

Hyperliquid Strategies (PURR) reported revenue of $12.2M for the first quarter fiscal 2027 (Q1 FY27) and +93% from the quarter before.

Revenue$12.2M
Year over year—
Quarter over quarter+93%
Operating margin—
Net earnings$621M

Hyperliquid Strategies, Q1 FY27: revenue $12.2M, net earnings $621M, operating cash flow −$17.1M. The chart follows the revenue to costs, profit and cash.

Q1 FY27AmountQ/QY/Y
Revenue$12.2M+93%—
Operating profit$808M+33%—
Net earnings$621M+32%—
Operating cash flow−$17.1M——

What changed

Revenue was $12.2M in Q1 FY27, up 93% from the previous quarter.

Operating profit was $807.7M, a 6593.3% margin. Net earnings were $620.6M. The effective tax rate was 21.7%.

Operating cash flow was −$17.1M. Non-cash charges added back $1.7M of share-based compensation. Working capital and other items used $639.4M.

Questions

What was Hyperliquid Strategies' revenue in the first quarter fiscal 2027?

Hyperliquid Strategies (PURR) reported revenue of $12.2M for the first quarter fiscal 2027 (Q1 FY27) and +93% from the quarter before.

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Source: Hyperliquid Strategies 10-Q on SEC EDGAR.