Hyperliquid Strategies shares outstanding PURR

Diluted shares outstanding, averaged over each quarter, from 2025.

Hyperliquid Strategies had 155.9M diluted shares outstanding on average in Q4 FY26, the quarter to Jun 30, 2026.

Shares outstanding over time

Fiscal year	Shares, fourth quarter	Change
FY2026	155.9M	n/a

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter	Ended	Shares outstanding	On a year earlier
Q4 FY26	Jun 30, 2026	155.9M	n/a
Q3 FY26	Mar 31, 2026	124M	n/a
Q2 FY26	Dec 31, 2025	41M	n/a
Q1 FY26	Sep 30, 2025	92	n/a

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.