What is Cypherpunk Technologies Inc.'s earnings per share (EPS)?

Cypherpunk Technologies Inc. (CYPH) reported diluted earnings per share of $0.07 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cypherpunk Technologies Inc. (CYPH) Financials

CYPH

FY2025 annual

Revenue Not reported for FY2025

Net Income $5.0M +107.4% YoY

EPS (Diluted) $0.07 YoY not available

Operating Cash Flow -$43.9M +27.2% YoY

Market Cap $312.5M as of Oct 13, 2026

Price / Sales n/m no revenue reported

Price / Earnings 62.5x on $5.0M net income, FY2025

Price / Book 2.2x on $139.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 12, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CYPH SEC filings page.

This page shows Cypherpunk Technologies Inc. (CYPH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CYPH FY2025 2026-10-03

The reported business remains investment-led: FY2025 showed an accounting profit, but operations still consumed cash and expansion relied on financing.

FY2025’s reported net profit of $5M did not reflect operating performance, which remained a loss of $41.1M. Operating cash flow was -$43.9M, so the accounting result did not translate into cash generation.

In FY2021, reported revenue of $1.5M sat beside R&D spending of $32.2M, indicating the reported economics were investment-led rather than sales-funded. R&D remained $25.7M in FY2025 while operating loss was $41.1M, showing that development spending still sat at the center of the cost structure.

Total assets rose from $49.1M in FY2024 to $163.2M in FY2025, indicating a major change in balance-sheet scale. Financing cash inflow was $107.6M while liabilities fell to $9.7M, pointing to expansion financed more through equity or other financing than debt accumulation; the current ratio also jumped from 3.4x to 35.6x.

Financial Health Signals

Financial health score not available

Cypherpunk Technologies Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

Cypherpunk Technologies Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

$8.78used

For every $1 of reported earnings, Cypherpunk Technologies Inc. used $8.78 of operating cash (-$43.9M OCF vs $5.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

Cypherpunk Technologies Inc. reported an operating loss of $41.1M against $24K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Net Income

$39.4M

YoY+336.7%

QoQ+151.0%

Cypherpunk Technologies Inc. reported $39.4M in net income in Q2 2026. This represents an increase of 336.7% from the same quarter a year earlier. Against the prior quarter it is up 151.0%.

EPS (Diluted)

$0.18

QoQ+139.1%

Cypherpunk Technologies Inc. earned $0.18 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 139.1%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$7.6M

YoY-57.9%

QoQ+14.0%

5Y CAGR-26.6%

Cypherpunk Technologies Inc. held $7.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

108M

QoQ+1.2%

5Y CAGR+12.5%

Cypherpunk Technologies Inc. had 108M shares outstanding in Q2 2026. Against the prior quarter it is up 1.2%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity

28.3%

YoY+319.4pp

QoQ+119.7pp

Cypherpunk Technologies Inc.'s ROE was 28.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 319.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 119.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$197K

YoY-98.1%

QoQ+22.4%

Cypherpunk Technologies Inc. invested $197K in research and development in Q2 2026. This represents a decrease of 98.1% from the same quarter a year earlier. Against the prior quarter it is up 22.4%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

CYPH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CYPH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	N/A	N/A	N/A	N/A	N/A	$1.5M0.0%	$1.5M	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$25.7M-55.1%	$57.2M-21.9%	$73.2M+62.9%	$45.0M+39.8%	$32.2M+57.5%	$20.4M-16.2%	$24.4M+11.6%	$21.8M-3.0%	$22.5M-3.4%	$23.3M
SG&A Expenses	N/A	$10.9M-15.4%	$12.8M-7.0%	$13.8M+17.0%	$11.8M+9.6%	$10.8M+12.0%	$9.6M+5.8%	$9.1M+1.8%	$8.9M-9.4%	$9.8M+145.5%	$4.0M
Operating Income	N/A	-$41.1M+41.4%	-$70.1M+19.5%	-$87.0M-53.3%	-$56.8M-37.0%	-$41.4M-45.2%	-$28.5M+14.7%	-$33.5M-8.8%	-$30.8M+4.9%	-$32.4M-18.5%	-$27.3M
EBITDA	N/A	-$41.1M+41.4%	-$70.1M+19.5%	-$87.0M-53.4%	-$56.7M-37.1%	-$41.4M-45.2%	-$28.5M+14.7%	-$33.4M-8.8%	-$30.7M+5.0%	-$32.3M-18.4%	-$27.3M
Interest Expense	N/A	$24K	N/A	N/A	$54K+31.7%	$41K+5.1%	$39K+69.6%	$23K+21.1%	$19K-96.4%	$528K	N/A
Income Tax	N/A	$5.3M+798.3%	$585K	N/A	$147K+712.5%	-$24K-1100.0%	-$2K+33.3%	-$3K-115.0%	$20K+112.7%	-$157K	N/A
Net Income	N/A	$5.0M+107.4%	-$68.0M+16.0%	-$81.0M-48.4%	-$54.6M-34.5%	-$40.6M-47.5%	-$27.5M+16.4%	-$32.9M-42.2%	-$23.1M+22.2%	-$29.7M-16.0%	-$25.6M
EPS (Basic)	N/A	$0.07+103.9%	-$1.81+54.5%	-$3.98+17.4%	-$4.82-925.5%	-$0.47+25.4%	-$0.63+57.1%	-$1.47+10.4%	-$1.64+49.8%	-$3.27	N/A
EPS (Diluted)	—	$0.07	-$1.81	-$3.98	-$4.82	-$0.47	-$0.63	-$1.47	-$2.11	-$3.31	N/A
Diluted Shares (Avg)	N/A	71M	38M	20M	11M	86M	59M	23M	14M	9M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
R&D Expenses	$197K-98.1%	$161K-98.8%	N/A	$1.2M-91.6%	$10.5M-41.1%	$12.9M+14.3%	N/A	$14.9M+29.7%
SG&A Expenses	$4.5M+147.2%	$4.7M+54.9%	N/A	$1.9M-34.7%	$1.8M-46.0%	$3.0M-14.7%	N/A	$2.9M-11.7%
Operating Income	-$4.7M+72.2%	-$4.8M+69.7%	N/A	-$3.2M+82.3%	-$16.9M+20.6%	-$15.9M-7.4%	N/A	-$17.9M-20.4%
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$17.9M-20.4%
Interest Expense	$6K-14.3%	$7K+16.7%	N/A	$10K	$7K	$6K	N/A	N/A
Income Tax	$2.0M	-$5.1M	N/A	$202K-71.5%	N/A	N/A	N/A	$708K
Net Income	$39.4M+336.7%	-$77.2M-399.9%	N/A	-$3.3M+81.8%	-$16.6M+17.3%	-$15.4M-11.7%	N/A	-$18.2M-32.7%
EPS (Basic)	$0.21+152.5%	-$0.46-24.3%	$0.92+348.6%	-$0.08+81.8%	-$0.40+23.1%	-$0.37+27.5%	-$0.37-85.0%	-$0.44+13.7%
EPS (Diluted)	$0.18	-$0.46	$0.92	-$0.08+81.8%	-$0.40+23.1%	-$0.37	-$0.37-85.0%	-$0.44
Diluted Shares (Avg)	217M	168M	N/A	41M+0.6%	41M+5.9%	41M	N/A	41M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit.

CYPH Balance Sheet

CYPH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$163.2M+232.2%	$49.1M-32.5%	$72.8M+3.5%	$70.4M-40.3%	$117.9M+116.9%	$54.4M+630.0%	$7.4M-61.0%	$19.1M-34.4%	$29.1M+350.1%	$6.5M
Current Assets	$162.1M+237.4%	$48.0M-32.9%	$71.6M+5.4%	$68.0M-41.9%	$116.9M+123.6%	$52.3M+1132.6%	$4.2M-75.5%	$17.3M-37.4%	$27.7M+586.5%	$4.0M
Cash & Equivalents	$14.0M-70.3%	$47.2M-33.1%	$70.6M+7.9%	$65.5M-43.0%	$114.9M+120.7%	$52.1M+1238.2%	$3.9M-76.1%	$16.3M-36.7%	$25.7M+3145.5%	$793K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$9.7M-31.3%	$14.1M+11.0%	$12.7M+10.4%	$11.5M+14.6%	$10.0M+29.8%	$7.7M-16.1%	$9.2M-7.1%	$9.9M-44.8%	$17.9M-83.2%	$106.7M
Current Liabilities	$4.6M-67.6%	$14.1M+11.0%	$12.7M+13.0%	$11.2M+12.4%	$10.0M+35.5%	$7.4M-13.1%	$8.5M+31.5%	$6.5M+6.0%	$6.1M-83.2%	$36.2M
Non-Current Liabilities	$5.1M	$0	$0-100.0%	$262K+608.1%	$37K-89.4%	$348K-51.1%	$711K-79.4%	$3.4M-70.9%	$11.9M-83.2%	$70.5M
Total Equity	$153.5M+338.0%	$35.0M-41.7%	$60.1M+2.2%	$58.9M-45.4%	$107.9M+131.3%	$46.7M+2767.3%	-$1.7M-119.1%	$9.2M-17.5%	$11.1M+111.1%	-$100.2M
Retained Earnings	-$462.5M+1.0%	-$467.4M-17.0%	-$399.6M-25.6%	-$318.2M-20.7%	-$263.6M-18.2%	-$223.0M-14.3%	-$195.2M-27.1%	-$153.5M-17.7%	-$130.4M-29.5%	-$100.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$143.0M+613.3%	$87.4M+150.5%	$163.2M+232.2%	$11.4M-82.5%	$20.0M-75.4%	$34.9M-39.8%	$49.1M-32.5%	$65.0M-21.7%
Current Assets	$137.6M+617.9%	$81.9M+141.9%	$162.1M+237.4%	$10.5M-83.5%	$19.2M-75.9%	$33.9M-39.7%	$48.0M-32.9%	$63.8M-22.0%
Cash & Equivalents	$7.6M-57.9%	$6.7M-79.6%	$14.0M-70.3%	$9.7M-84.6%	$18.1M-76.9%	$32.7M-40.4%	$47.2M-33.1%	$62.8M-22.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$5.0M	$5.0M	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.6M-74.5%	$3.0M-78.6%	$9.7M-31.3%	$8.7M-45.9%	$14.3M-8.4%	$14.0M+32.6%	$14.1M+11.0%	$16.1M+45.8%
Current Liabilities	$1.7M-87.9%	$3.0M-78.6%	$4.6M-67.6%	$8.7M-45.9%	$14.3M-8.2%	$14.0M+34.5%	$14.1M+11.0%	$16.1M+45.8%
Non-Current Liabilities	$1.9M	$0	$5.1M	$0	$0-100.0%	$0-100.0%	$0	$0
Total Equity	$139.3M+2336.9%	$84.4M+304.9%	$153.5M+338.0%	$2.7M-94.5%	$5.7M-91.3%	$20.8M-56.0%	$35.0M-41.7%	$49.0M-32.0%
Retained Earnings	-$500.3M-0.2%	-$539.7M-11.8%	-$462.5M+1.0%	-$502.8M-11.2%	-$499.4M-15.1%	-$482.8M-16.8%	-$467.4M-17.0%	-$451.9M-16.7%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

CYPH Cash Flow Statement

CYPH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	-$21.1M	-$43.9M+27.2%	-$60.3M-37.8%	-$43.8M+10.8%	-$49.0M-39.5%	-$35.2M-35.4%	-$26.0M+3.5%	-$26.9M-3.3%	-$26.0M-17.6%	-$22.1M+12.6%	-$25.3M
Depreciation & Amortization	N/A	$0-100.0%	$5K-66.7%	$15K-6.3%	$16K-44.8%	$29K-14.7%	$34K-27.7%	$47K-4.1%	$49K+2.1%	$48K+92.0%	$25K
Stock-Based Compensation	N/A	$4.9M-11.0%	$5.5M+7.3%	$5.1M-1.0%	$5.2M+40.5%	$3.7M+43.3%	$2.6M-31.1%	$3.7M+7.6%	$3.5M-38.1%	$5.6M+12344.4%	$45K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$100K	N/A	$64K-55.6%	$144K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$27.0M	N/A	-$22.2M+12.9%	-$25.5M
Investing Cash Flow	N/A	-$97.0M	N/A	$49.0M	N/A	N/A	$25K+129.4%	-$85K	N/A	-$64K+55.6%	-$144K
Financing Cash Flow	$126.1M	$107.6M+189.5%	$37.2M+124046.7%	-$30K+85.7%	-$210K-100.2%	$98.0M+32.5%	$74.0M+399.4%	$14.8M-6.8%	$15.9M-66.7%	$47.8M+86.4%	$25.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$2.7M+81.4%	-$3.4M+76.3%	-$6.6M+57.3%	-$8.3M+46.7%	-$14.5M-6.0%	-$14.5M+6.7%	-$15.5M-49.4%	-$15.6M-48.7%
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$0-100.0%
Stock-Based Compensation	N/A	$2.1M+77.0%	N/A	N/A	N/A	$1.2M-3.5%	N/A	N/A
Investing Cash Flow	-$9.5M	-$9.0M	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$13.2M+11164.7%	$5.1M+8419.7%	$108.0M+103698.1%	-$121K-83.3%	-$119K-100.3%	-$61K-310.3%	$104K	-$66K-6500.0%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

CYPH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CYPH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Margin	N/A	N/A	N/A	N/A	-2761.7%	-1902.6%	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	-2705.8%	-1834.3%	N/A	N/A	N/A	N/A
Return on Equity	3.3%+197.3pp	-194.0%-59.3pp	-134.7%-41.9pp	-92.8%-55.1pp	-37.6%+21.4pp	-59.0%	N/A	-252.2%+15.2pp	-267.4%	N/A
Return on Assets	3.1%+141.5pp	-138.4%-27.2pp	-111.2%-33.6pp	-77.6%-43.2pp	-34.4%+16.2pp	-50.6%+391.1pp	-441.7%-320.4pp	-121.3%-19.0pp	-102.3%+294.7pp	-397.0%
Current Ratio	35.56+32.1x	3.41-2.2x	5.64-0.4x	6.05-5.6x	11.70+4.6x	7.09+6.6x	0.50-2.2x	2.69-1.9x	4.55+4.4x	0.11
Debt-to-Equity	0.06-0.3x	0.40+0.2x	0.210.0x	0.20+0.1x	0.09-0.1x	0.17	N/A	1.08-0.5x	1.61	N/A
Asset Turnover	N/A	N/A	N/A	N/A	0.010.0x	0.03	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	28.3%+319.4pp	-91.5%-17.4pp	N/A	-122.6%-85.4pp	-291.1%-260.5pp	-74.1%-44.9pp	N/A	-37.1%-18.1pp
Return on Assets	27.6%+110.6pp	-88.3%-44.1pp	N/A	-29.0%-1.0pp	-83.0%-58.3pp	-44.3%-20.4pp	N/A	-27.9%-11.4pp
Current Ratio	79.19+77.9x	27.28+24.9x	35.56+32.1x	1.21-2.8x	1.34-3.8x	2.41-3.0x	3.41-2.2x	3.97-3.4x
Debt-to-Equity	0.03-2.5x	0.04-0.6x	0.06-0.3x	3.23+2.9x	2.51+2.3x	0.67+0.5x	0.40+0.2x	0.33+0.2x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Where Cypherpunk Technologies Inc. Ranks

Frequently Asked Questions

Is Cypherpunk Technologies Inc. profitable?

Yes, Cypherpunk Technologies Inc. (CYPH) reported a net income of $5.0M in fiscal year 2025.

What is Cypherpunk Technologies Inc.'s EBITDA?

Cypherpunk Technologies Inc. (CYPH) had EBITDA of -$41.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cypherpunk Technologies Inc.'s return on equity (ROE)?

Cypherpunk Technologies Inc. (CYPH) has a return on equity of 3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cypherpunk Technologies Inc.'s operating cash flow?

Cypherpunk Technologies Inc. (CYPH) recorded an outflow of $43.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Cypherpunk Technologies Inc.'s total assets?

Cypherpunk Technologies Inc. (CYPH) had $163.2M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Cypherpunk Technologies Inc. spend on research and development?

Cypherpunk Technologies Inc. (CYPH) invested $25.7M in research and development during fiscal year 2025.

How many shares does Cypherpunk Technologies Inc. have outstanding?

Cypherpunk Technologies Inc. (CYPH) had 90M shares outstanding as of fiscal year 2025.

What is Cypherpunk Technologies Inc.'s current ratio?

Cypherpunk Technologies Inc. (CYPH) had a current ratio of 35.56 as of fiscal year 2025, which is generally considered healthy.

What is Cypherpunk Technologies Inc.'s debt-to-equity ratio?

Cypherpunk Technologies Inc. (CYPH) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cypherpunk Technologies Inc.'s return on assets (ROA)?

Cypherpunk Technologies Inc. (CYPH) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cypherpunk Technologies Inc.'s P/E ratio?

Cypherpunk Technologies Inc. (CYPH) trades at 62.5x earnings, its market capitalization divided by net income of $5.0M net income, FY2025. The market capitalization is $312.5M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cypherpunk Technologies Inc.'s price-to-sales ratio?

Cypherpunk Technologies Inc. (CYPH) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $312.5M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cypherpunk Technologies Inc.'s Piotroski F-Score?

Cypherpunk Technologies Inc. (CYPH) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cypherpunk Technologies Inc.'s earnings high quality?

For every $1 of reported earnings, Cypherpunk Technologies Inc. (CYPH) used $8.78 of operating cash (-$43.9M OCF vs $5.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cypherpunk Technologies Inc. cover its interest payments?

Cypherpunk Technologies Inc. (CYPH) reported an operating loss of $41.1M against $24K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.