PerpEquities

Equity · Technology

Hygon Information Technology Co., Ltd. (HYGON) perpetual futures

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

Hygon Information Technology Co., Ltd. tracked across crypto venues with normalized contract specifications.

$37.06-1.3%
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Price chart

 

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Collecting venue price data...
venue perp mark · Gate.io (HYGON/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
$169
Open interest
$12.3K
Best liquidity
$343.8
Gate.io
Tightest spread
+167.2 bps
Gate.io
Highest volume
$169
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $625.3M
OI / float
0.00%
Float $32.5B
Spot performance
1D-1.34%
5D+4.82%
1M+7.58%
6M+16.43%
YTD+10.65%
1Y-4.46%

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.ioTradeHYGON/USDTTrading$37.060.0% APR
0.000% every 8h
+167.2 bps$343.8$169$12.3KUSDT20x

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

HYGON

Tightest spread

HYGON

Highest volume

HYGON

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$85.8B
Updated 1h ago
Revenue
$2.7B
Trailing 12 months
Revenue growth
+56%
Next fiscal year
Profit margin
+17.4%
P/E
182.6
Peer P/E 66.4
Free cash flow
-$356.9M
Trailing 12 months
More metrics
Net income
$467.4M
Trailing 12 months
P/S
32.0
Peer P/E
66.4
Similar listed perps
Revenue estimate
$3.3B
Next fiscal year
Earnings
2026-10-21
Revenue est. $904.3M · Updated 1h ago
Dividend
¥0.15
2026-06-23

Fundamental detail

Annual + quarterly
Latest revenue$2.1B
Net margin+17.7%
Free cash flow$137.9M
Net debt-$655.8M
2020$152M
2021$343.7M
2022$762.4M
2023$894.3M
2024$1.4B
2025$2.1B
PeriodRevenueGrowthNet incomeFCF
2020$152M+170%-$5.8M-$92.3M
2021$343.7M+126%$48.7M-$23M
2022$762.4M+122%$119.6M-$211.9M
2023$894.3M+17%$187.9M-$15.5M
2024$1.4B+52%$287.2M$4.7M
2025$2.1B+57%$378.6M$137.9M
PeriodGross marginOperating marginNet marginROEROA
2020+49.9%-8.0%-3.8%-0.8%-0.4%
2021+54.9%+18.9%+14.2%+6.1%+3.1%
2022+51.8%+22.2%+15.7%+4.7%+3.7%
2023+59.2%+27.9%+21.0%+47.8%+39.1%
2024+62.7%+30.4%+21.1%+69.6%+49.4%
2025+57.0%+25.1%+17.7%+11.3%+7.1%
PeriodCashDebtNet debtCurrent ratio
2020$224.6M$129.7M-$94.9M2.78
2021$291.4M$123.1M-$168.4M2.48
2022$1.7B$108M-$1.6B10.91
2023$216.8M$27M-$189.8M11.07
2024$179.2M$59.1M-$120.1M4.15
2025$1.3B$664.2M-$655.8M3.02
PeriodMarket capEnterprise valueP/SP/E
2020$17B$16.9B111.6-2,917.5
2021$18.3B$18.1B53.2375.6
2022$12.6B$11.1B16.6105.6
2023$25.2B$25B28.2134.0
2024$51.8B$51.7B38.0180.5
2025$77.2B$76.6B36.1204.0
Q3 2024$353.1M
Q4 2024$450.1M
Q1 2025$357M
Q2 2025$455.8M
Q3 2025$598.8M
Q4 2025$726.9M
Q1 2026$600M
Q2 2026$753.5M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$353.1M+78%$100M$41.3M
Q4 2024$450.1M+46%$60.3M$54.5M
Q1 2025$357M+51%$75.3M$339.3M
Q2 2025$455.8M+41%$103.5M-$44.2M
Q3 2025$598.8M+70%$113M-$93.5M
Q4 2025$726.9M+62%$86.8M-$63.8M
Q1 2026$600M+68%$102.2M-$46.8M
Q2 2026$753.5M+65%$165.3M-$152.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+69.7%+38.6%+28.3%+3.4%+2.5%
Q4 2024+56.7%+20.8%+13.4%+14.6%+10.4%
Q1 2025+61.2%+30.4%+21.1%+17.7%+11.9%
Q2 2025+57.4%+29.7%+22.7%+23.6%+15.4%
Q3 2025+61.5%+29.8%+18.9%+3.5%+2.3%
Q4 2025+50.8%+15.7%+11.9%+18.1%+11.5%
Q1 2026+55.6%+24.1%+17.0%+2.9%+2.0%
Q2 2026+53.8%+23.5%+21.9%+4.4%+3.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.3B$491M-$853.4M4.77
Q4 2024$179.2M$59.1M-$120.1M4.15
Q1 2025$1.1B$53.4M-$1.1B3.27
Q2 2025$139.7M$60.4M-$79.3M3.05
Q3 2025$875.6M$372.8M-$502.8M3.36
Q4 2025$188.7M$94.9M-$93.8M0.43
Q1 2026$169.7M$560.4M$390.7M3.56
Q2 2026$1.1B$656.1M-$434.1M4.82
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$35.7B$34.8B101.089.0
Q4 2024$52.8B$52.7B117.4220.3
Q1 2025$48.3B$47.3B135.4160.6
Q2 2025$48.8B$48.7B107.0117.7
Q3 2025$86.5B$86B144.4191.4
Q4 2025$77.8B$77.7B107.1224.4
Q1 2026$71.6B$72B119.4175.2
Q2 2026$127.8B$127.3B169.6192.9

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$753.5MQ2 2026
$188.4M$376.7M$565.1M$753.5MQ3 2023: $198MQ4 2023: $307.8MQ1 2024: $236.8MQ2 2024: $322.9MQ3 2024: $353.1MQ4 2024: $450.1MQ1 2025: $357MQ2 2025: $455.8MQ3 2025: $598.8MQ4 2025: $726.9MQ1 2026: $600MQ2 2026: $753.5MQ3 2023Q2 2026
Net income$165.3MQ2 2026
$41.3M$82.7M$124M$165.3MQ3 2023: $33.3MQ4 2023: $53.8MQ1 2024: $42.9MQ2 2024: $84MQ3 2024: $100MQ4 2024: $60.3MQ1 2025: $75.3MQ2 2025: $103.5MQ3 2025: $113MQ4 2025: $86.8MQ1 2026: $102.2MQ2 2026: $165.3MQ3 2023Q2 2026
EBITDA$188.9MQ2 2026
$61.8M$123.6M$185.5M$247.3MQ3 2023: $64.5MQ4 2023: $65.2MQ1 2024: $81.7MQ2 2024: $152.1MQ3 2024: $163.7MQ4 2024: $110.6MQ1 2025: $157.9MQ2 2025: $187.1MQ3 2025: $247.3MQ4 2025: $123.4MQ1 2026: $204.3MQ2 2026: $188.9MQ3 2023Q2 2026
Free cash flow-$152.8MQ2 2026
-$29.8M$93.3M$216.3M$339.3MQ3 2023: $29.5MQ4 2023: -$43.4MQ1 2024: -$41.4MQ2 2024: -$49.7MQ3 2024: $41.3MQ4 2024: $54.5MQ1 2025: $339.3MQ2 2025: -$44.2MQ3 2025: -$93.5MQ4 2025: -$63.8MQ1 2026: -$46.8MQ2 2026: -$152.8MQ3 2023Q2 2026
EPS$0.07Q2 2026
$0.02$0.04$0.05$0.07Q3 2023: $0.01Q4 2023: $0.02Q1 2024: $0.02Q2 2024: $0.04Q3 2024: $0.04Q4 2024: $0.03Q1 2025: $0.03Q2 2025: $0.04Q3 2025: $0.05Q4 2025: $0.04Q1 2026: $0.04Q2 2026: $0.07Q3 2023Q2 2026
Cash / Debt$1.1BQ2 2026
$408.3M$816.5M$1.2B$1.6BQ3 2023 · Cash: $1.6BQ3 2023 · Debt: $246MQ4 2023 · Cash: $1.5BQ4 2023 · Debt: $191.1MQ1 2024 · Cash: $1.5BQ1 2024 · Debt: $207.7MQ2 2024 · Cash: $1.1BQ2 2024 · Debt: $215.4MQ3 2024 · Cash: $1.3BQ3 2024 · Debt: $491MQ4 2024 · Cash: $179.2MQ4 2024 · Debt: $59.1MQ1 2025 · Cash: $1.1BQ1 2025 · Debt: $53.4MQ2 2025 · Cash: $139.7MQ2 2025 · Debt: $60.4MQ3 2025 · Cash: $875.6MQ3 2025 · Debt: $372.8MQ4 2025 · Cash: $188.7MQ4 2025 · Debt: $94.9MQ1 2026 · Cash: $169.7MQ1 2026 · Debt: $560.4MQ2 2026 · Cash: $1.1BQ2 2026 · Debt: $656.1MQ3 2023Q2 2026
CashDebt
Profitability+53.8%Q2 2026
+17.4%+34.9%+52.3%+69.7%Q3 2023 · Gross margin: +56.9%Q4 2023 · Gross margin: +56.5%Q1 2024 · Gross margin: +62.9%Q2 2024 · Gross margin: +63.2%Q3 2024 · Gross margin: +69.7%Q4 2024 · Gross margin: +56.7%Q1 2025 · Gross margin: +61.2%Q2 2025 · Gross margin: +57.4%Q3 2025 · Gross margin: +61.5%Q4 2025 · Gross margin: +50.8%Q1 2026 · Gross margin: +55.6%Q2 2026 · Gross margin: +53.8%Q3 2023 · Operating margin: +24.7%Q4 2023 · Operating margin: +23.1%Q1 2024 · Operating margin: +25.2%Q2 2024 · Operating margin: +38.8%Q3 2024 · Operating margin: +38.6%Q4 2024 · Operating margin: +20.8%Q1 2025 · Operating margin: +30.4%Q2 2025 · Operating margin: +29.7%Q3 2025 · Operating margin: +29.8%Q4 2025 · Operating margin: +15.7%Q1 2026 · Operating margin: +24.1%Q2 2026 · Operating margin: +23.5%Q3 2023 · Net margin: +16.8%Q4 2023 · Net margin: +17.5%Q1 2024 · Net margin: +18.1%Q2 2024 · Net margin: +26.0%Q3 2024 · Net margin: +28.3%Q4 2024 · Net margin: +13.4%Q1 2025 · Net margin: +21.1%Q2 2025 · Net margin: +22.7%Q3 2025 · Net margin: +18.9%Q4 2025 · Net margin: +11.9%Q1 2026 · Net margin: +17.0%Q2 2026 · Net margin: +21.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+65.3%Q2 2026
+19.6%+39.2%+58.7%+78.3%Q3 2024: +78.3%Q4 2024: +46.2%Q1 2025: +50.8%Q2 2025: +41.1%Q3 2025: +69.6%Q4 2025: +61.5%Q1 2026: +68.1%Q2 2026: +65.3%Q3 2023Q2 2026
Shares outstanding2.3BQ2 2026
605.3M1.2B1.8B2.4BQ3 2023: 2.3BQ4 2023: 2.4BQ1 2024: 2.4BQ2 2024: 2.3BQ3 2024: 2.3BQ4 2024: 2.4BQ1 2025: 2.3BQ2 2025: 2.3BQ3 2025: 2.3BQ4 2025: 2.3BQ1 2026: 2.3BQ2 2026: 2.3BQ3 2023Q2 2026
Valuation192.9Q2 2026
56.1112.2168.3224.4Q3 2023 · P/E: 136.3Q4 2023 · P/E: 120.6Q1 2024 · P/E: 163.5Q2 2024 · P/E: 67.8Q3 2024 · P/E: 89.0Q4 2024 · P/E: 220.3Q1 2025 · P/E: 160.6Q2 2025 · P/E: 117.7Q3 2025 · P/E: 191.4Q4 2025 · P/E: 224.4Q1 2026 · P/E: 175.2Q2 2026 · P/E: 192.9Q3 2023 · P/S: 91.8Q4 2023 · P/S: 84.7Q1 2024 · P/S: 118.5Q2 2024 · P/S: 75.4Q3 2024 · P/S: 101.0Q4 2024 · P/S: 117.4Q1 2025 · P/S: 135.4Q2 2025 · P/S: 107.0Q3 2025 · P/S: 144.4Q4 2025 · P/S: 107.1Q1 2026 · P/S: 119.4Q2 2026 · P/S: 169.6Q3 2023Q2 2026
P/EP/S
Revenue$2.1B2025
$534.6M$1.1B$1.6B$2.1B2018: $7.2M2019: $56.4M2020: $152M2021: $343.7M2022: $762.4M2023: $894.3M2024: $1.4B2025: $2.1B20182025
Net income$378.6M2025
$80.8M$180M$279.3M$378.6M2018: -$18.5M2019: -$12.3M2020: -$5.8M2021: $48.7M2022: $119.6M2023: $187.9M2024: $287.2M2025: $378.6M20182025
EBITDA$714.6M2025
$170.2M$351.6M$533.1M$714.6M2018: -$11.3M2019: $5.2M2020: $27.9M2021: $112.6M2022: $246.3M2023: $295.6M2024: $560.5M2025: $714.6M20182025
Free cash flow$137.9M2025
-$124.5M-$37M$50.4M$137.9M2018: -$85.9M2019: -$52M2020: -$92.3M2021: -$23M2022: -$211.9M2023: -$15.5M2024: $4.7M2025: $137.9M20182025
EPS$0.162025
$0.03$0.08$0.12$0.162018: -$0.012019: -$0.012020: -$02021: $0.022022: $0.062023: $0.082024: $0.122025: $0.1620182025
Cash / Debt$1.3B2025
$416.8M$833.6M$1.3B$1.7B2018 · Cash: $61.8M2018 · Debt: $89.2M2019 · Cash: $5.9M2019 · Debt: $89M2020 · Cash: $224.6M2020 · Debt: $129.7M2021 · Cash: $291.4M2021 · Debt: $123.1M2022 · Cash: $1.7B2022 · Debt: $108M2023 · Cash: $216.8M2023 · Debt: $27M2024 · Cash: $179.2M2024 · Debt: $59.1M2025 · Cash: $1.3B2025 · Debt: $664.2M20182025
CashDebt
Profitability+57.0%2025
-262.1%-146.8%-31.5%+83.8%2018 · Gross margin: +83.8%2019 · Gross margin: +34.3%2020 · Gross margin: +49.9%2021 · Gross margin: +54.9%2022 · Gross margin: +51.8%2023 · Gross margin: +59.2%2024 · Gross margin: +62.7%2025 · Gross margin: +57.0%2018 · Operating margin: -377.4%2019 · Operating margin: -36.6%2020 · Operating margin: -8.0%2021 · Operating margin: +18.9%2022 · Operating margin: +22.2%2023 · Operating margin: +27.9%2024 · Operating margin: +30.4%2025 · Operating margin: +25.1%2018 · Net margin: -257.3%2019 · Net margin: -21.9%2020 · Net margin: -3.8%2021 · Net margin: +14.2%2022 · Net margin: +15.7%2023 · Net margin: +21.0%2024 · Net margin: +21.1%2025 · Net margin: +17.7%20182025
Gross marginOperating marginNet margin
Revenue growth+56.9%2025
+171.5%+342.9%+514.4%+685.8%2019: +685.8%2020: +169.5%2021: +126.1%2022: +121.8%2023: +17.3%2024: +52.4%2025: +56.9%20182025
Shares outstanding2.3B2025
584.8M1.2B1.8B2.3B2018: 1.6B2019: 1.8B2020: 1.9B2021: 2B2022: 2.1B2023: 2.3B2024: 2.3B2025: 2.3B20182025
Valuation204.02025
-1,704.8-492.2720.41,933.02018 · P/E: -751.32019 · P/E: -1,292.52020 · P/E: -2,917.52021 · P/E: 375.62022 · P/E: 105.62023 · P/E: 134.02024 · P/E: 180.52025 · P/E: 204.02018 · P/S: 1,933.02019 · P/S: 282.62020 · P/S: 111.62021 · P/S: 53.22022 · P/S: 16.62023 · P/S: 28.22024 · P/S: 38.02025 · P/S: 36.120182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-21
Revenue est. $904.3M · Updated 1h ago
Dividend
¥0.15
2026-06-23

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.94$3.3B+56%4
FY 20273.00$4.8B+126%5
FY 20284.41$6.7B+213%7
FY 202910.05$15.3B+616%2
FY 203014.99$22.2B+936%4
Q2 20260.43$720M+58%1

Company events

6
2026-10-21EarningsActual - / Estimate 0.56-
2026-08-13EarningsActual 0.48 / Estimate 0.41Beat
2026-06-23Dividend¥0.15-
2026-04-07EarningsActual 0.04 / Estimate 0.25Miss
2026-01-29Dividend¥0.09-
2025-10-15EarningsActual 0.31 / Estimate 0.45Miss

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering HYGON 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 HYGON perpetual futures?

Hygon Information Technology Co., Ltd. (HYGON) 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 HYGON around the clock?

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

What is the funding rate on HYGON perpetuals?

Right now the HYGON 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 HYGON perp price compare to the Hygon Information Technology Co., Ltd. stock?

The venue-median HYGON perp mark is $37.1 versus a reference stock price of $37.1, 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 HYGON perpetual future?

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

What is HYGONUSDT perpetual?

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

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