Gryphon Digital Financials
This page shows Gryphon Digital (GRYP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Expansion is being financed externally as revenue scales faster than cash generation and short-term liquidity tightens sharply.
From FY2024 to FY2025, revenue nearly tripled and gross margin rose from44.8% to50.3% . Yet operating cash outflow was still-$79.6M and financing inflow surged to$481.7M , showing better unit economics did not translate into self-funded growth and the expansion remains capital-market financed.
The liquidity posture reversed: current ratio moved from 3.0x in FY2024 to 0.1x in FY2025. At the same time, total liabilities expanded to
Cash usage comes from two directions: FY2025 had
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Gryphon Digital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Gryphon Digital scores -0.59, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.9M) relative to total liabilities ($580.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Gryphon Digital passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Gryphon Digital generates $0.52 in operating cash flow (-$79.6M OCF vs -$153.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Gryphon Digital generated $185.2M in revenue in fiscal year 2025. This represents an increase of 158.8% from the prior year.
Gryphon Digital's EBITDA was -$169.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 133.5% from the prior year.
Gryphon Digital reported -$153.2M in net income in fiscal year 2025. This represents a decrease of 619.2% from the prior year.
Gryphon Digital earned $-0.17 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 134.7% from the prior year.
Cash & Balance Sheet
Gryphon Digital held $3.8M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Gryphon Digital's gross margin was 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.5 percentage points from the prior year.
Gryphon Digital's operating margin was -123.1% in fiscal year 2025, reflecting core business profitability. This is down 799.8 percentage points from the prior year.
Gryphon Digital's net profit margin was -82.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 53.0 percentage points from the prior year.
Gryphon Digital's ROE was -23.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.9 percentage points from the prior year.
Capital Allocation
GRYP Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.1M-42.1% | $107.2M+67.0% | $64.2M+4563.8% | $1.4M-88.8% | $12.3M-73.7% | $46.9M+304.2% | $11.6M+110.5% | $5.5M |
| Cost of Revenue | $29.6M-41.3% | $50.5M+78.4% | $28.3M+1658.6% | $1.6M-86.2% | $11.7M-41.0% | $19.7M+77.5% | $11.1M+192.5% | $3.8M |
| Gross Profit | $32.5M-42.7% | $56.8M+57.9% | $35.9M+15658.9% | -$231K-133.6% | $687K-97.5% | $27.2M+5503.7% | $485K-71.7% | $1.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.9M-25.9% | $9.3M+15.8% | $8.1M+388.9% | $1.6M-88.5% | $14.4M-38.6% | $23.4M+386.0% | $4.8M+25.7% | $3.8M |
| Operating Income | -$118.2M+48.0% | -$227.5M-3260.0% | $7.2M+422.5% | -$2.2M+59.2% | -$5.5M-101.1% | $501.7M+5023.1% | -$10.2M-73.7% | -$5.9M |
| Interest Expense | N/A | N/A | N/A | $6K | N/A | $2.6M+818.0% | $283K+0.4% | $282K |
| Income Tax | $957K | N/A | $1.8M | N/A | -$13.5M | N/A | -$573K | N/A |
| Net Income | -$81.8M | N/A | $3.5M+1.3% | $3.4M | N/A | N/A | -$576K | N/A |
| EPS (Diluted) | $-0.08 | N/A | N/A | $-0.07+36.4% | $-0.11 | N/A | $-0.15-50.0% | $-0.10 |
GRYP Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+4.6% | $1.2B+7.2% | $1.2B+18664.3% | $6.2M-31.0% | $9.0M-99.2% | $1.1B+14564.0% | $7.5M-34.1% | $11.4M |
| Current Assets | $14.0M+56.4% | $8.9M-18.3% | $10.9M+269.5% | $3.0M-26.2% | $4.0M-97.4% | $153.1M+8970.8% | $1.7M-48.0% | $3.2M |
| Cash & Equivalents | $10.1M+163.1% | $3.8M-52.1% | $8.0M+1076.4% | $678K+113.2% | $318K-56.7% | $735K+99.7% | $368K-69.8% | $1.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | $175K | N/A | $1K0.0% | $1K |
| Goodwill | $154.4M0.0% | $154.4M+1.7% | $151.8M | N/A | N/A | $53.1M | N/A | N/A |
| Total Liabilities | $609.2M+4.9% | $580.7M-1.1% | $587.4M+276.1% | -$333.5M-212.4% | -$106.8M-216.9% | $91.3M+113.2% | -$690.0M-14.5% | -$602.8M |
| Current Liabilities | $111.0M-0.6% | $111.6M-24.7% | $148.1M+1143.7% | $11.9M+5.3% | $11.3M-77.5% | $50.3M+90.6% | $26.4M+3.8% | $25.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $694.8M+4.4% | $665.8M+15.7% | $575.5M+69.4% | $339.7M+193.5% | $115.8M-88.6% | $1.0B+45.5% | $697.5M+13.6% | $614.3M |
| Retained Earnings | -$134.3M-155.7% | -$52.5M-860.9% | $6.9M+108.7% | -$79.3M-7.1% | -$74.0M-9.3% | -$67.7M+0.6% | -$68.1M-9.6% | -$62.2M |
GRYP Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$42.5M-16.3% | -$36.5M+6.2% | -$39.0M-4333.2% | -$879K+98.0% | -$44.7M-289.5% | $23.6M | N/A | $201K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $3.0M+20.8% | $2.5M | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | $20.5M | N/A | N/A |
| Investing Cash Flow | -$61.8M+47.4% | -$117.4M+57.9% | -$279.1M-3474.7% | -$7.8M-230.3% | $6.0M+105.9% | -$102.0M-380.5% | $36.4M | N/A |
| Financing Cash Flow | $110.5M-26.2% | $149.8M-54.1% | $326.1M+25494.9% | $1.3M-96.7% | $38.7M-50.7% | $78.4M+95.4% | $40.1M+16983.0% | $235K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $72K | N/A | N/A | N/A |
GRYP Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.3%-0.6pp | 52.9%-3.0pp | 56.0%+72.8pp | -16.8%-22.4pp | 5.6%-52.4pp | 57.9%+53.7pp | 4.2%-26.9pp | 31.0% |
| Operating Margin | -190.3%+2.5pp | -192.8%-204.0pp | 11.2%+173.3pp | -162.1%+188.7pp | -350.8%-1420.1pp | 1069.3%+1157.0pp | -87.8%+18.6pp | -106.4% |
| Net Margin | -131.7% | N/A | 5.4%-243.8pp | 249.2% | N/A | N/A | -5.0% | N/A |
| Return on Equity | -11.8% | N/A | 0.6%-0.4pp | 1.0% | N/A | N/A | -0.1% | N/A |
| Return on Assets | -6.3% | N/A | 0.3%-55.1pp | 55.4% | N/A | N/A | -7.6% | N/A |
| Current Ratio | 0.13+0.0 | 0.080.0 | 0.07-0.2 | 0.25-0.1 | 0.35-2.7 | 3.04+3.0 | 0.06-0.1 | 0.13 |
| Debt-to-Equity | 0.880.0 | 0.87-0.1 | 1.02+2.0 | -0.98-0.1 | -0.92-1.0 | 0.09+1.1 | -0.990.0 | -0.98 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | 43.8% | N/A | N/A |
Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Gryphon Digital's annual revenue?
Gryphon Digital (GRYP) reported $185.2M in total revenue for fiscal year 2025. This represents a 158.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gryphon Digital's revenue growing?
Gryphon Digital (GRYP) revenue grew by 158.8% year-over-year, from $71.5M to $185.2M in fiscal year 2025.
Is Gryphon Digital profitable?
No, Gryphon Digital (GRYP) reported a net income of -$153.2M in fiscal year 2025, with a net profit margin of -82.7%.
What is Gryphon Digital's EBITDA?
Gryphon Digital (GRYP) had EBITDA of -$169.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gryphon Digital's gross margin?
Gryphon Digital (GRYP) had a gross margin of 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gryphon Digital's operating margin?
Gryphon Digital (GRYP) had an operating margin of -123.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Gryphon Digital's net profit margin?
Gryphon Digital (GRYP) had a net profit margin of -82.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gryphon Digital's return on equity (ROE)?
Gryphon Digital (GRYP) has a return on equity of -23.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gryphon Digital's operating cash flow?
Gryphon Digital (GRYP) generated -$79.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gryphon Digital's total assets?
Gryphon Digital (GRYP) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Gryphon Digital's current ratio?
Gryphon Digital (GRYP) had a current ratio of 0.08 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Gryphon Digital's debt-to-equity ratio?
Gryphon Digital (GRYP) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gryphon Digital's return on assets (ROA)?
Gryphon Digital (GRYP) had a return on assets of -12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gryphon Digital's cash runway?
Based on fiscal year 2025 data, Gryphon Digital (GRYP) had $3.8M in cash against an annual operating cash burn of $79.6M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Gryphon Digital's Altman Z-Score?
Gryphon Digital (GRYP) has an Altman Z-Score of -0.59, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gryphon Digital's Piotroski F-Score?
Gryphon Digital (GRYP) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 Gryphon Digital's earnings high quality?
Gryphon Digital (GRYP) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). 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.
How financially healthy is Gryphon Digital?
Gryphon Digital (GRYP) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.