# Hyperion DeFi, Inc. (HYPD)

**Exchange:** NASDAQ  
**Sector:** Healthcare  
**Market cap:** $13M  
**Price:** $2.52 (-2.70%)

> Hyperion DeFi, Inc. is a public company that integrates decentralized finance (DeFi) strategies with a primary focus on blockchain-based digital assets. Following its rebranding from Eyenovia, Inc. in July 2025, the company shifted from ophthalmic technology to building and managing a strategic treasury centered on the HYPE token, the native asset of the Hyperliquid blockchain protocol. As the first U.S. publicly listed firm to adopt such a DeFi-centric approach, Hyperion DeFi actively accumulates and stakes HYPE tokens through its proprietary and co-branded validators to generate on-chain yield and facilitate blockchain infrastructure.

Beyond its treasury operations, Hyperion DeFi pursues partnerships that allow institutional players to access compliant liquid staking solutions and on-chain trading strategies, positioning itself as a bridge between traditional financial systems and emerging DeFi platforms. The company remains notable within the market for enabling shareholder exposure to digital assets and DeFi revenue streams while still maintaining a legacy interest in ophthalmic device innovation. This dual approach highlights Hyperion DeFi’s distinctive role in aligning digital asset management with real-world applications, underscoring its significance as a pioneer in the evolving intersection of traditional markets and blockchain-based finance.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $813,455 | $510,165 | -$47M | -$45M | $-9.40 |
| 2024 | $57,336 | -$4M | -$49M | -$50M | $-59.81 |
| 2023 | $3,787 | -$12,218 | -$25M | -$27M | $-53.15 |
| 2021 | $14M | $12M | -$13M | -$13M | $-0.49 |
| 2020 | $2M | $1M | -$20M | -$20M | $-0.94 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $52M | $11M | $41M | $6M | — |
| 2024 | $4M | $17M | -$13M | $2M | — |
| 2023 | $29M | $20M | $9M | $15M | — |
| 2021 | $32M | $11M | $20M | $19M | — |
| 2020 | $34M | $19M | $15M | $28M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$15M | — | — |
| 2024 | -$30M | $161,477 | -$30M |
| 2023 | -$24M | $3M | -$27M |
| 2022 | -$25M | $540,360 | -$26M |
| 2021 | -$21M | $1M | -$22M |
| 2020 | -$6M | $261,257 | -$7M |
| 2019 | -$19M | $166,643 | -$19M |
| 2018 | -$13M | $27,907 | -$13M |
| 2017 | -$5M | $10,234 | -$5M |
| 2016 | -$3M | $43,119 | -$3M |

Source: [CompaniesByCap](https://companiesbycap.com/company/HYPD)