Cypherpunk Technologies Inc Financials
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).
Cypherpunk’s operating engine still burns cash, while capital raises reshape the balance sheet more than earnings do.
FY2025’s move to positive net income was not a cash inflection: net income reached$5.0M , yet operating cash flow stayed at-$43.9M and operating loss remained-$41.1M . At the same time, financing supplied$107.6M while cash ended at only$14.0M , which means new capital was largely redirected into other assets rather than turning the business self-funding.
The improvement in reported operating performance looks more like expense retrenchment than scale economics. R&D fell from
The balance sheet became less liability-heavy in FY2025, with liabilities of only
Financial Health Signals
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.
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.
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.
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
Earnings & Revenue
Cypherpunk Technologies Inc's EBITDA was -$41.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.4% from the prior year.
Cypherpunk Technologies Inc reported $5.0M in net income in fiscal year 2025. This represents an increase of 107.4% from the prior year.
Cypherpunk Technologies Inc earned $0.07 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Cypherpunk Technologies Inc held $14.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Cypherpunk Technologies Inc's ROE was 3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 197.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Cypherpunk Technologies Inc invested $25.7M in research and development in fiscal year 2025. This represents a decrease of 55.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CYPH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 (Diluted) | — | $0.07 | -$1.81 | -$3.98 | -$4.82 | -$0.47 | -$0.63 | -$1.47 | -$2.11 | -$3.31 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CYPH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
CYPH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CYPH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net 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.
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 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.