Hyperion DeFi announced on September 8, 2026 that it increased its full-year 2026 adjusted gross profit guidance to a range of $7 million to $8 million from $5 million to $7 million. The Nasdaq-listed company notes it is the first U.S.-listed DeFi firm built on the Hyperliquid platform.

Management also said adjusted net operating cash flow is expected to turn positive in the third quarter of 2026, earlier than its prior target of achieving positive cash flow by year-end.

The company projects core operating income to become positive in Q3, with adjusted gross profit from its core DeFi business likely to surpass operating expenses excluding stock-based compensation for the first time. For the quarter, adjusted gross profit is guided at $2 million to $2.5 million, while operating expenses excluding stock-based compensation are seen at $2 million to $2.25 million, implying core operating income of $0 to $0.5 million.

The board approved a share repurchase program valid for up to 12 months, allowing open-market purchases, privately negotiated transactions, or block trades. The plan may be extended, suspended, or terminated at any time. CEO Hyunsu Jung said the growth in DeFi activity could enable the core business to break even on profit and cash flow in Q3, and noted that HYPD shares recently traded at a discount of roughly 20% to 30% to net asset value.