Hyperliquid Strategies Inc (NASDAQ:PURR) shares are surging to a new all-time high Thursday after the company reported its full fiscal-year results.

Hyperliquid Strategies shares are testing new highs. Why are PURR shares at highs?

Hyperliquid Strategies Reports Full Fiscal-Year Results

Hyperliquid closed out the fiscal year ended June 30, 2026 with net income of $305.5 million, a figure driven mostly by $709.9 million in unrealized gains tied to its HYPE token stash, partially eaten into by a $169.2 million one-time charge stemming from tokens handed over when the company’s business combination closed.

The company also brought in $9.5 million from staking rewards and validator fees, plus another $2.7 million in interest income, against $14 million spent running the business.