PerpEquities

Equity · Technology

HPSP Co., Ltd. (HPSP) perpetual futures

HPSP perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade HPSPUSDT.

HPSP Co., Ltd. tracked across crypto venues with normalized contract specifications.

$40.52+2.2%
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Price chart

 

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Collecting venue price data...
venue perp mark · Gate.io (HPSP/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$662
Open interest
$108.6K
Best liquidity
$0
Gate.io
Tightest spread
+261.5 bps
Gate.io
Highest volume
$662
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeHPSP/USDTTrading$40.520.0% APR
0.000% every 8h
+261.5 bps$0$662$108.6KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

HPSP

Tightest spread

HPSP

Highest volume

HPSP

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$3.3B
Updated 1h ago
Revenue
$119.3M
Trailing 12 months
Revenue growth
+43%
Next fiscal year
Profit margin
+52.7%
P/E
52.5
Peer P/E -8.2
Free cash flow
$67.6M
Trailing 12 months
More metrics
Net income
$62.8M
Trailing 12 months
P/S
27.7
Peer P/E
-8.2
Similar listed perps
Revenue estimate
$181.5M
Next fiscal year
Earnings
2026-11-18
Revenue est. $43.6M · Updated 1h ago
Dividend
₩600
2025-12-29

Fundamental detail

Annual + quarterly
Latest revenue$126.7M
Net margin+42.0%
Free cash flow$71.7M
Net debt-$68.2M
2020$44.8M
2021$67.2M
2022$116.7M
2023$131.2M
2024$132.9M
2025$126.7M
PeriodRevenueGrowthNet incomeFCF
2020$44.8M+144%$12.9M$23.3M
2021$67.2M+50%$25.9M$27.5M
2022$116.7M+74%$48.4M$53.2M
2023$131.2M+12%$58.9M$29.5M
2024$132.9M+1%$63.2M$29.5M
2025$126.7M-5%$53.2M$71.7M
PeriodGross marginOperating marginNet marginROEROA
2020+67.0%+40.5%+28.9%+51.3%+33.5%
2021+67.2%+49.3%+38.5%+67.0%+38.6%
2022+69.1%+53.5%+41.4%+33.8%+25.3%
2023+65.8%+53.2%+44.9%+29.0%+25.1%
2024+71.5%+51.8%+47.6%+31.0%+27.0%
2025+73.0%+52.0%+42.0%+23.6%+19.7%
PeriodCashDebtNet debtCurrent ratio
2020$26.7M$943K-$25.8M2.87
2021$39.7M$1.8M-$38M2.39
2022$95.3M$2.2M-$93M3.86
2023$31.7M$1.6M-$30.1M6.33
2024$44.9M$1.1M-$43.8M5.80
2025$68.8M$602.4K-$68.2M4.76
PeriodMarket capEnterprise valueP/SP/E
2020$625.9M$600.1M14.048.4
2021$625.9M$587.9M9.324.2
2022$795.4M$702.3M6.816.4
2023$2.6B$2.5B19.543.3
2024$1.6B$1.5B11.724.7
2025$2B$1.9B15.637.2
Q3 2024$36.4M
Q4 2024$48.8M
Q1 2025$27M
Q2 2025$37.6M
Q3 2025$23.5M
Q4 2025$38.6M
Q1 2026$23.4M
Q2 2026$33.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$36.4M+19%$12.5M$21M
Q4 2024$48.8M+119%$24.5M$7.9M
Q1 2025$27M-6%$11.1M$25.2M
Q2 2025$37.6M+88%$15.2M-$2M
Q3 2025$23.5M-36%$9.9M$36.4M
Q4 2025$38.6M-21%$17.1M$12.1M
Q1 2026$23.4M-13%$18.2M$9.3M
Q2 2026$33.8M-10%$17.7M$9.7M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+71.6%+52.6%+34.3%+7.1%+5.9%
Q4 2024+73.3%+53.7%+50.3%+12.0%+10.5%
Q1 2025+73.2%+50.7%+41.2%+6.2%+4.4%
Q2 2025+73.7%+55.8%+40.3%+7.7%+6.9%
Q3 2025+70.5%+47.1%+42.1%+4.8%+4.0%
Q4 2025+73.7%+52.1%+44.2%+7.5%+6.3%
Q1 2026+75.4%+50.4%+77.8%+8.5%+6.3%
Q2 2026+70.8%+61.3%+52.3%+7.7%+5.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$53.8M$1.1M-$52.7M5.06
Q4 2024$44.9M$1.1M-$43.8M5.80
Q1 2025$70.3M$956.8K-$69.4M2.70
Q2 2025$48.4M$757.4K-$47.7M7.42
Q3 2025$90.2M$651.7K-$89.5M4.69
Q4 2025$68.8M$602.4K-$68.2M4.76
Q1 2026$68.8M$1.6M-$67.3M3.03
Q2 2026$49.7M$1.5M-$48.2M3.41
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.9B$1.8B50.837.0
Q4 2024$1.5B$1.5B31.415.6
Q1 2025$1.5B$1.5B57.234.7
Q2 2025$1.6B$1.6B43.627.0
Q3 2025$2B$1.9B85.150.5
Q4 2025$2B$1.9B51.329.0
Q1 2026$2.4B$2.4B104.033.4
Q2 2026$3.2B$3.2B95.245.5

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$33.8MQ2 2026
$12.2M$24.4M$36.6M$48.8MQ3 2023: $30.7MQ4 2023: $22.3MQ1 2024: $28.8MQ2 2024: $20MQ3 2024: $36.4MQ4 2024: $48.8MQ1 2025: $27MQ2 2025: $37.6MQ3 2025: $23.5MQ4 2025: $38.6MQ1 2026: $23.4MQ2 2026: $33.8MQ3 2023Q2 2026
Net income$17.7MQ2 2026
$6.1M$12.3M$18.4M$24.5MQ3 2023: $15MQ4 2023: $4.7MQ1 2024: $15.6MQ2 2024: $10.6MQ3 2024: $12.5MQ4 2024: $24.5MQ1 2025: $11.1MQ2 2025: $15.2MQ3 2025: $9.9MQ4 2025: $17.1MQ1 2026: $18.2MQ2 2026: $17.7MQ3 2023Q2 2026
EBITDA$21.6MQ2 2026
$8.2M$16.4M$24.6M$32.8MQ3 2023: $19.9MQ4 2023: $6.5MQ1 2024: $21.4MQ2 2024: $14.6MQ3 2024: $17.5MQ4 2024: $32.8MQ1 2025: $20.5MQ2 2025: $28.5MQ3 2025: $13.8MQ4 2025: $20.8MQ1 2026: $12.6MQ2 2026: $21.6MQ3 2023Q2 2026
Free cash flow$9.7MQ2 2026
-$8.7M$6.4M$21.4M$36.4MQ3 2023: $7.6MQ4 2023: -$3.2MQ1 2024: $24.3MQ2 2024: -$23.7MQ3 2024: $21MQ4 2024: $7.9MQ1 2025: $25.2MQ2 2025: -$2MQ3 2025: $36.4MQ4 2025: $12.1MQ1 2026: $9.3MQ2 2026: $9.7MQ3 2023Q2 2026
EPS$0.22Q2 2026
$0.07$0.15$0.22$0.3Q3 2023: $0.18Q4 2023: $0.06Q1 2024: $0.19Q2 2024: $0.13Q3 2024: $0.15Q4 2024: $0.3Q1 2025: $0.14Q2 2025: $0.19Q3 2025: $0.12Q4 2025: $0.21Q1 2026: $0.22Q2 2026: $0.22Q3 2023Q2 2026
Cash / Debt$49.7MQ2 2026
$22.5M$45.1M$67.6M$90.2MQ3 2023 · Cash: $34.1MQ3 2023 · Debt: $1.8MQ4 2023 · Cash: $31.7MQ4 2023 · Debt: $1.6MQ1 2024 · Cash: $44.4MQ1 2024 · Debt: $1.4MQ2 2024 · Cash: $21.8MQ2 2024 · Debt: $1.3MQ3 2024 · Cash: $53.8MQ3 2024 · Debt: $1.1MQ4 2024 · Cash: $44.9MQ4 2024 · Debt: $1.1MQ1 2025 · Cash: $70.3MQ1 2025 · Debt: $956.8KQ2 2025 · Cash: $48.4MQ2 2025 · Debt: $757.4KQ3 2025 · Cash: $90.2MQ3 2025 · Debt: $651.7KQ4 2025 · Cash: $68.8MQ4 2025 · Debt: $602.4KQ1 2026 · Cash: $68.8MQ1 2026 · Debt: $1.6MQ2 2026 · Cash: $49.7MQ2 2026 · Debt: $1.5MQ3 2023Q2 2026
CashDebt
Profitability+70.8%Q2 2026
+19.5%+38.9%+58.4%+77.8%Q3 2023 · Gross margin: +64.0%Q4 2023 · Gross margin: +62.8%Q1 2024 · Gross margin: +68.4%Q2 2024 · Gross margin: +66.2%Q3 2024 · Gross margin: +71.6%Q4 2024 · Gross margin: +73.3%Q1 2025 · Gross margin: +73.2%Q2 2025 · Gross margin: +73.7%Q3 2025 · Gross margin: +70.5%Q4 2025 · Gross margin: +73.7%Q1 2026 · Gross margin: +75.4%Q2 2026 · Gross margin: +70.8%Q3 2023 · Operating margin: +51.5%Q4 2023 · Operating margin: +39.7%Q1 2024 · Operating margin: +52.9%Q2 2024 · Operating margin: +44.1%Q3 2024 · Operating margin: +52.6%Q4 2024 · Operating margin: +53.7%Q1 2025 · Operating margin: +50.7%Q2 2025 · Operating margin: +55.8%Q3 2025 · Operating margin: +47.1%Q4 2025 · Operating margin: +52.1%Q1 2026 · Operating margin: +50.4%Q2 2026 · Operating margin: +61.3%Q3 2023 · Net margin: +48.9%Q4 2023 · Net margin: +21.1%Q1 2024 · Net margin: +54.3%Q2 2024 · Net margin: +52.8%Q3 2024 · Net margin: +34.3%Q4 2024 · Net margin: +50.3%Q1 2025 · Net margin: +41.2%Q2 2025 · Net margin: +40.3%Q3 2025 · Net margin: +42.1%Q4 2025 · Net margin: +44.2%Q1 2026 · Net margin: +77.8%Q2 2026 · Net margin: +52.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-10.2%Q2 2026
+3.0%+41.5%+80.1%+118.6%Q3 2024: +18.5%Q4 2024: +118.6%Q1 2025: -6.1%Q2 2025: +88.0%Q3 2025: -35.5%Q4 2025: -20.9%Q1 2026: -13.4%Q2 2026: -10.2%Q3 2023Q2 2026
Shares outstanding81.5MQ2 2026
21.2M42.3M63.5M84.6MQ3 2023: 84.2MQ4 2023: 84.6MQ1 2024: 84.5MQ2 2024: 84.3MQ3 2024: 82.8MQ4 2024: 82.5MQ1 2025: 81.5MQ2 2025: 81.4MQ3 2025: 81.2MQ4 2025: 81MQ1 2026: 81.2MQ2 2026: 81.5MQ3 2023Q2 2026
Valuation45.5Q2 2026
34.569.0103.5138.0Q3 2023 · P/E: 29.8Q4 2023 · P/E: 138.0Q1 2024 · P/E: 48.0Q2 2024 · P/E: 55.7Q3 2024 · P/E: 37.0Q4 2024 · P/E: 15.6Q1 2025 · P/E: 34.7Q2 2025 · P/E: 27.0Q3 2025 · P/E: 50.5Q4 2025 · P/E: 29.0Q1 2026 · P/E: 33.4Q2 2026 · P/E: 45.5Q3 2023 · P/S: 58.2Q4 2023 · P/S: 116.4Q1 2024 · P/S: 108.5Q2 2024 · P/S: 117.7Q3 2024 · P/S: 50.8Q4 2024 · P/S: 31.4Q1 2025 · P/S: 57.2Q2 2025 · P/S: 43.6Q3 2025 · P/S: 85.1Q4 2025 · P/S: 51.3Q1 2026 · P/S: 104.0Q2 2026 · P/S: 95.2Q3 2023Q2 2026
P/EP/S
Revenue$126.7M2025
$33.2M$66.5M$99.7M$132.9M2018: $1.7M2019: $18.4M2020: $44.8M2021: $67.2M2022: $116.7M2023: $131.2M2024: $132.9M2025: $126.7M20182025
Net income$53.2M2025
$14.4M$30.7M$46.9M$63.2M2018: -$1.9M2019: $6.1M2020: $12.9M2021: $25.9M2022: $48.4M2023: $58.9M2024: $63.2M2025: $53.2M20182025
EBITDA$69M2025
$20.3M$42.2M$64.1M$86.1M2018: -$1.7M2019: $7.4M2020: $17.9M2021: $35M2022: $64.6M2023: $77.5M2024: $86.1M2025: $69M20182025
Free cash flow$71.7M2025
$14.2M$33.3M$52.5M$71.7M2018: -$5M2019: $5.4M2020: $23.3M2021: $27.5M2022: $53.2M2023: $29.5M2024: $29.5M2025: $71.7M20182025
EPS$0.662025
$0.17$0.37$0.56$0.762018: -$0.022019: $0.032020: $0.162021: $0.332022: $0.62023: $0.72024: $0.762025: $0.6620182025
Cash / Debt$68.8M2025
$23.8M$47.6M$71.4M$95.3M2018 · Cash: $3.9M2018 · Debt: $02019 · Cash: $9.8M2019 · Debt: $02020 · Cash: $26.7M2020 · Debt: $943K2021 · Cash: $39.7M2021 · Debt: $1.8M2022 · Cash: $95.3M2022 · Debt: $2.2M2023 · Cash: $31.7M2023 · Debt: $1.6M2024 · Cash: $44.9M2024 · Debt: $1.1M2025 · Cash: $68.8M2025 · Debt: $602.4K20182025
CashDebt
Profitability+73.0%2025
-74.8%-25.5%+23.7%+73.0%2018 · Gross margin: +21.9%2019 · Gross margin: +58.4%2020 · Gross margin: +67.0%2021 · Gross margin: +67.2%2022 · Gross margin: +69.1%2023 · Gross margin: +65.8%2024 · Gross margin: +71.5%2025 · Gross margin: +73.0%2018 · Operating margin: -124.1%2019 · Operating margin: +39.6%2020 · Operating margin: +40.5%2021 · Operating margin: +49.3%2022 · Operating margin: +53.5%2023 · Operating margin: +53.2%2024 · Operating margin: +51.8%2025 · Operating margin: +52.0%2018 · Net margin: -108.6%2019 · Net margin: +32.9%2020 · Net margin: +28.9%2021 · Net margin: +38.5%2022 · Net margin: +41.4%2023 · Net margin: +44.9%2024 · Net margin: +47.6%2025 · Net margin: +42.0%20182025
Gross marginOperating marginNet margin
Revenue growth-4.7%2025
+237.3%+479.2%+721.2%+963.1%2019: +963.1%2020: +143.6%2021: +50.0%2022: +73.7%2023: +12.4%2024: +1.3%2025: -4.7%20182025
Shares outstanding81.3M2025
21.1M42.1M63.2M84.2M2018: 79M2019: 79M2020: 79M2021: 79M2022: 81.2M2023: 84.2M2024: 83.3M2025: 81.3M20182025
Valuation37.22025
-159.314.3188.0361.62018 · P/E: -332.92019 · P/E: 312.22020 · P/E: 48.42021 · P/E: 24.22022 · P/E: 16.42023 · P/E: 43.32024 · P/E: 24.72025 · P/E: 37.22018 · P/S: 361.62019 · P/S: 34.02020 · P/S: 14.02021 · P/S: 9.32022 · P/S: 6.82023 · P/S: 19.52024 · P/S: 11.72025 · P/S: 15.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-18
Revenue est. $43.6M · Updated 1h ago
Dividend
₩600
2025-12-29

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
Korea Exchange
Regular hours
CLOSEDCLOSED
Next holiday
Sep 24, 2026 · Chuseok - Thanksgiving Day

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261,512.18$181.5M+43%8
FY 20272,209.74$276.4M+118%8
FY 20282,843.07$350.3M+176%6
Q2 2026244.00$33.3M-11%1
Q3 2026285.00$43.6M+86%1
Q4 2026696.00$75.8M+96%1

Company events

6
2026-11-18EarningsActual - / Estimate 285-
2026-08-14EarningsActual 296 / Estimate 244Beat
2026-05-15EarningsActual 301.43 / Estimate 302Miss
2026-03-12EarningsActual 288 / Estimate 253Beat
2025-12-29Dividend₩600-
2025-11-14EarningsActual 183.32 / Estimate 179Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering HPSP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade HPSP perpetual futures?

HPSP Co., Ltd. (HPSP) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade HPSP around the clock?

Yes. Unlike the underlying stock, HPSP perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on HPSP perpetuals?

Right now the HPSP perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the HPSP perp price compare to the HPSP Co., Ltd. stock?

The venue-median HPSP perp mark is $40.5 versus a reference stock price of $40.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a HPSP perpetual future?

A HPSP perpetual is a derivative that tracks the price of HPSP Co., Ltd. with no expiry date. It lets you take long or short exposure to HPSP Co., Ltd. on crypto venues, around the clock.

What is HPSPUSDT perpetual?

HPSPUSDT is the symbol most crypto exchanges use for the HPSP Co., Ltd. perpetual settled in USDT (Tether). It tracks the HPSP share price through an index, trades 24/7 with leverage and never expires.

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