Hyperliquid Strategies Inc (PURR)
Every figure this model derived for PURR, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2026-03-31.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| cash | 113,064,000 | CashAndCashEquivalentsAtCarryingValue |
2026-03-31 |
| current assets | 117,405,000 | AssetsCurrent |
2026-03-31 |
| current liabilities | 6,442,000 | LiabilitiesCurrent |
2026-03-31 |
| equity | 743,502,000 | StockholdersEquity |
2026-03-31 |
| interest expense | 0 | InterestPaidNet |
2026-03-31 |
| ocf | -15,311,000 | NetCashProvidedByUsedInOperatingActivities |
2026-03-31 |
| revenue | 3,126,000 | RevenueFromContractWithCustomerExcludingAssessedTax |
2026-03-31 |
| sbc | 186,000 | ShareBasedCompensation |
2026-03-31 |
The ratios
The figures themselves rather than their scores — what somebody looking up PURR on one particular measure came for.
| Ratio | Value |
|---|---|
| current ratio | 18.22 |
| current ratio reported | 18.22 |
| fcf margin | -489.8 |
| owner earnings margin | -495.75 |
| sbc pct revenue | 5.95 |
Everything else this filing tags
91 more elements from PURR's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
CommonStockSharesAuthorized | 2,000,000,000 | 2026-03-31 | 12 | shares |
AdditionalPaidInCapitalCommonStock | 918,747,000 | 2026-03-31 | 10 | USD |
StockIssuedDuringPeriodValueIssuedForServices | 878,044,000 | 2025-12-31 | 5 | USD |
LiabilitiesAndStockholdersEquity | 810,409,000 | 2026-03-31 | 12 | USD |
Assets | 810,409,000 | 2026-03-31 | 10 | USD |
CryptoAssetFairValue | 689,545,000 | 2026-03-31 | 17 | USD |
CryptoAssetFairValueNoncurrent | 689,045,000 | 2026-03-31 | 10 | USD |
CryptoAssetCost | 589,966,000 | 2025-12-31 | 1 | USD |
CryptoAssetMining | 580,466,000 | 2025-12-31 | 4 | USD |
ProceedsFromIssuanceOrSaleOfEquity | 302,113,000 | 2026-03-31 | 5 | USD |
NetCashProvidedByUsedInFinancingActivities | 289,226,000 | 2026-03-31 | 5 | USD |
CryptoAssetUnrealizedLossOperating | 198,435,000 | 2026-03-31 | 10 | USD |
PaymentForAcquisitionCryptoAsset | 169,373,000 | 2026-03-31 | 5 | USD |
RetainedEarningsAccumulatedDeficit | -165,948,000 | 2026-03-31 | 12 | USD |
NetIncomeLoss | -165,351,000 | 2026-03-31 | 20 | USD |
NetIncomeLossAvailableToCommonStockholdersBasic | -165,351,000 | 2026-03-31 | 8 | USD |
CryptoAssetPurchase | 164,246,000 | 2026-03-31 | 12 | USD |
NetCashProvidedByUsedInInvestingActivities | -160,851,000 | 2026-03-31 | 5 | USD |
CommonStockSharesIssued | 127,287,205 | 2026-03-31 | 12 | shares |
CommonStockSharesOutstanding | 124,220,108 | 2026-03-31 | 12 | shares |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations | 113,064,000 | 2026-03-31 | 12 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | 113,064,000 | 2026-03-31 | 6 | USD |
OperatingExpenses | 110,256,000 | 2026-03-31 | 10 | USD |
OperatingIncomeLoss | -107,130,000 | 2026-03-31 | 10 | USD |
CryptoAssetUnrealizedGainOperating | 105,235,000 | 2026-03-31 | 8 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -104,886,000 | 2026-03-31 | 10 | USD |
PreferredStockSharesAuthorized | 100,000,000 | 2026-03-31 | 10 | shares |
Liabilities | 66,907,000 | 2026-03-31 | 12 | USD |
SaleOfStockConsiderationReceivedOnTransaction | 64,600,000 | 2026-04-01 | 4 | USD |
DeferredIncomeTaxExpenseBenefit | 60,465,000 | 2026-03-31 | 5 | USD |
DeferredIncomeTaxLiabilitiesNet | 60,465,000 | 2026-03-31 | 10 | USD |
IncomeTaxExpenseBenefit | 60,465,000 | 2026-03-31 | 10 | USD |
WeightedAverageNumberOfDilutedSharesOutstanding | 54,509,742 | 2026-03-31 | 11 | shares |
WeightedAverageNumberOfSharesOutstandingBasic | 54,509,742 | 2026-03-31 | 11 | shares |
StockIssuedDuringPeriodValueAcquisitions | 39,572,000 | 2025-12-31 | 5 | USD |
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities | 37,800,000 | 2026-03-31 | 5 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted | 30,203,376 | 2026-03-31 | 5 | shares |
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount | 29,821,281 | 2026-03-31 | 10 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber | 29,821,281 | 2026-03-31 | 10 | shares |
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions | 29,821,281 | 2026-03-31 | 5 | shares |
CryptoAssetNumberOfUnits | 12,857,533 | 2025-12-31 | 1 | Tokens |
PaymentsForRepurchaseOfCommonStock | 10,572,000 | 2026-03-31 | 5 | USD |
TreasuryStockValue | 10,572,000 | 2026-03-31 | 10 | USD |
OtherLiabilitiesCurrent | 3,890,000 | 2026-03-31 | 10 | USD |
PrepaidExpenseAndOtherAssetsCurrent | 3,562,000 | 2026-03-31 | 10 | USD |
CryptoAssetSale | 3,373,000 | 2026-03-31 | 4 | USD |
IncreaseDecreaseInOtherCurrentLiabilities | -3,370,000 | 2026-03-31 | 5 | USD |
TreasuryStockCommonShares | 3,067,097 | 2026-03-31 | 10 | shares |
EquityMethodInvestments | 3,036,000 | 2026-03-31 | 8 | USD |
CryptoAssetCustomerReceipt | 2,626,000 | 2026-03-31 | 8 | USD |
AccountsPayableCurrent | 2,552,000 | 2026-03-31 | 10 | USD |
PaymentsOfStockIssuanceCosts | 2,315,000 | 2026-03-31 | 5 | USD |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 2,314,000 | 2026-03-31 | 5 | USD |
OtherNonoperatingIncomeExpense | 2,244,000 | 2026-03-31 | 10 | USD |
OtherNonoperatingIncome | 1,921,000 | 2026-03-31 | 10 | USD |
StockIssuedDuringPeriodValueNewIssues | 1,470,000 | 2026-03-31 | 5 | USD |
PaymentsToAcquireEquityMethodInvestments | 1,325,000 | 2026-03-31 | 4 | USD |
CommonStockValue | 1,273,000 | 2026-03-31 | 12 | USD |
OperatingCostsAndExpenses | 1,212,921 | 2025-09-30 | 1 | USD |
AccountsPayableAndAccruedLiabilitiesCurrent | 1,138,335 | 2025-09-30 | 2 | USD |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 1,138,335 | 2025-09-30 | 1 | USD |
BusinessCombinationContingentConsiderationLiability | 1,000,000 | 2026-03-31 | 4 | USD |
OtherAssetsNoncurrent | 923,000 | 2026-03-31 | 10 | USD |
IncreaseDecreaseInAccountsReceivable | 779,000 | 2026-03-31 | 4 | USD |
ReceivablesNetCurrent | 779,000 | 2026-03-31 | 8 | USD |
IncreaseDecreaseInAccountsPayable | -752,000 | 2026-03-31 | 5 | USD |
DeferredTaxAssetsGross | 509,000 | 2025-07-02 | 1 | USD |
DeferredTaxAssetsOperatingLossCarryforwards | 509,000 | 2025-07-02 | 1 | USD |
DeferredTaxAssetsValuationAllowance | 509,000 | 2025-07-02 | 1 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised | 382,095 | 2026-03-31 | 5 | shares |
OtherIncome | 323,000 | 2026-03-31 | 8 | USD |
IncreaseDecreaseInOtherNoncurrentAssets | -204,000 | 2026-03-31 | 5 | USD |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue | 186,000 | 2026-03-31 | 4 | USD |
AllocatedShareBasedCompensationExpense | 186,000 | 2026-03-31 | 8 | USD |
PreferredStockSharesIssued | 166,173 | 2026-03-31 | 10 | shares |
PreferredStockSharesOutstanding | 166,173 | 2026-03-31 | 10 | shares |
IncreaseDecreaseInDueToRelatedParties | 74,586 | 2025-09-30 | 1 | USD |
PreferredStockValue | 2,000 | 2026-03-31 | 10 | USD |
SharePrice | 6 | 2026-03-31 | 5 | USD/shares |
WarrantsAndRightsOutstandingMeasurementInput | 4 | 2026-03-31 | 5 | pure |
EarningsPerShareBasic | -3 | 2026-03-31 | 11 | USD/shares |
EarningsPerShareDiluted | -3 | 2026-03-31 | 11 | USD/shares |
NumberOfOperatingSegments | 1 | 2025-09-30 | 1 | SEGMENT |
NumberOfOperatingSegments | 1 | 2026-03-31 | 5 | Segment |
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 0 | 2026-03-31 | 10 | pure |
CommonStockParOrStatedValuePerShare | 0 | 2026-03-31 | 12 | USD/shares |
PreferredStockParOrStatedValuePerShare | 0 | 2026-03-31 | 10 | USD/shares |
Goodwill | 0 | 2026-03-31 | 5 | USD |
IncomeTaxesPaidNet | 0 | 2026-03-31 | 5 | USD |
PreferredStockDividendsAndOtherAdjustments | 0 | 2026-03-31 | 8 | USD |
DeferredTaxAssetsLiabilitiesNet | 0 | 2025-07-02 | 1 | USD |
What to be careful about
What this model itself distrusts about PURR's figures. Written by the derivation as it ran, not added afterwards.
- WITHHELD: operating margin, cash operating margin, net margin -- net margin came out at -5,290% against a scale that tops out near 1,500%, which is arithmetic on a revenue figure of 3,126,000 rather than a margin. The figure is absent rather than corrected: there is no right value to put here.
- only 273 days of filings, not a full year: margins and growth are measured, but return on capital and every enterprise-value multiple are refused rather than annualised
- no current capital expenditure tagged; treated as zero, so free cash flow is overstated and equals operating cash flow
- no usable diluted share count, so growth is measured on total revenue rather than per share; a company issuing shares to fund that growth reads better than it is
- no debt and no profit, so interest cover cannot be measured; scored on cash runway instead: 113M of net cash against a 15M annual burn is 7.4 years
- analyst estimate not used: trailing EPS is not positive, so a growth rate would be meaningless
- quality DROPPED from the total: only 2 of 5 inputs could be computed (operating margin, roic, cash operating margin not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- valuation DROPPED from the total: only 0 of 2 inputs could be computed (ev ebit, ev owner earnings not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- durability DROPPED from the total: only 0 of 4 inputs could be computed (worst year, contracted coverage, gross margin stability, cash flow stability not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- growth DROPPED from the total: only 0 of 4 inputs could be computed (revenue growth, sustained growth, margin trend, margin recent not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- 4 of 5 dimensions could not be measured (quality, valuation, durability, growth -- 85% of the model), so this row is not comparable with the others; its total rests on what was left