Nasdaq-listed Hyperion DeFi (NASDAQ: HYPD) said on Sept. 8, 2026 that it raised its full-year 2026 guidance and launched a share repurchase program for up to $20 million of common stock. The company says it is the first U.S.-listed DeFi company building on Hyperliquid.
2026 outlook revised higher
Hyperion DeFi increased its full-year adjusted gross profit guidance to $7 million-$8 million, up from its previous range of $5 million-$7 million.
The company also said adjusted net operating cash flow is now expected to turn positive in the third quarter of 2026. Its earlier forecast had pointed to positive cash flow by the end of 2026.
Third-quarter targets
Hyperion DeFi said it expects core operating income to turn positive in the third quarter of 2026. It also said adjusted gross profit from its core DeFi business is expected to exceed operating expenses excluding stock-based compensation for the first time in that quarter.
- Third-quarter adjusted gross profit guidance: $2 million-$2.5 million
- Operating expenses excluding stock-based compensation: $2 million-$2.25 million
- Core operating income: $0-$0.5 million
Buyback plan and CEO comments
The board authorized the company to repurchase up to $20 million of outstanding common stock over a period of as long as 12 months. The buyback may be carried out through open-market purchases, privately negotiated transactions, or block trades.
Hyperion DeFi said there is no guarantee on the number of shares that will actually be repurchased, and the program may be extended, suspended, or terminated at any time.
CEO Hyunsu Jung said the company’s DeFi business has accelerated recently and that the core business is on track to reach break-even in both profit and cash flow in the third quarter. He also said HYPD common stock has recently traded at an approximately 20% to 30% discount to net asset value.