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Hyperliquid Strategies vs Forward Industries: PURR and FWDI compared
Hyperliquid Strategies is the larger company: $12.2M of revenue in its latest quarter (Q1 FY27) against $10.8M for Forward Industries (Q3 FY26).
Where the money goes: PURR and FWDI
Hyperliquid Strategies (PURR) · Q1 FY27
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.
Forward Industries (FWDI) · Q3 FY26
Forward Industries, Q3 FY26: revenue $10.8M (+332% year over year), operating margin -651.8%, net loss $69.0M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Hyperliquid Strategies (PURR) | Forward Industries (FWDI) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 FY26 |
| Revenue | $12.2M | $10.8M |
| Revenue growth, Y/Y | — | +332% |
| Operating margin | n/m | -651.8% |
| Net earnings | $621M | −$69.0M |
| Net margin | — | -639.7% |
| Operating cash flow | −$17.1M | −$3.4M |
Questions
Which is bigger, Hyperliquid Strategies or Forward Industries?
Hyperliquid Strategies is the larger company: $12.2M of revenue in its latest quarter (Q1 FY27) against $10.8M for Forward Industries (Q3 FY26).
More: Hyperliquid Strategies earnings · how Hyperliquid Strategies makes money · Forward Industries earnings · how Forward Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.