Growth & profitability
- Revenue has grown 0.0% per year over the past 5 years.
Financial health
- Operating income covered interest expense -1711.1× in the latest year.
CYPH Financials CYPHERPUNK TECHNOLOGIES INC.
10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $5M | — | — | 3.3% | 3.1% | — | — | $14M |
| 2024 | — | -$68M | — | — | -194.0% | -138.4% | — | — | $47M |
| 2023 | — | -$81M | — | — | -134.7% | -111.2% | — | — | $71M |
| 2022 | — | -$55M | — | — | -92.7% | -77.6% | — | — | $66M |
| 2021 | $2M | -$41M | 0.0% | -2761.7% | -37.6% | -34.4% | — | — | $115M |
| 2020 | $2M | -$28M | 0.0% | -1902.6% | -59.0% | -50.6% | — | — | $52M |
| 2019 | — | -$33M | — | — | 1881.1% | -441.7% | -$27M | — | $4M |
| 2018 | — | -$23M | — | — | -252.2% | -121.3% | — | — | $16M |
| 2017 | — | -$30M | — | — | -267.4% | -102.3% | -$22M | — | $26M |
| 2016 | — | -$26M | — | — | 25.6% | -397.0% | -$25M | — | $793000 |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $39M | — | — | 28.3% | 27.6% | — | — | $8M |
| Mar '26 | — | -$77M | — | — | -91.5% | -88.3% | — | — | $7M |
| Dec '25 | — | $40M | — | — | 26.2% | 24.6% | — | — | $14M |
| Sep '25 | — | -$3M | — | — | -122.6% | -29.0% | — | — | $10M |
| Jun '25 | — | -$17M | — | — | -291.1% | -83.0% | — | — | $18M |
| Mar '25 | — | -$15M | — | — | -74.1% | -44.3% | — | — | $33M |
| Dec '24 | — | -$15M | — | — | -44.0% | -31.4% | — | — | $47M |
| Sep '24 | — | -$18M | — | — | -37.1% | -27.9% | — | — | $63M |
| Jun '24 | — | -$20M | — | — | -30.6% | -24.7% | — | — | $78M |
| Mar '24 | — | -$14M | — | — | -29.2% | -23.8% | — | — | $55M |
| Dec '23 | — | -$12M | — | — | -20.7% | -17.1% | — | — | $71M |
| Sep '23 | — | -$14M | — | — | -19.0% | -16.5% | — | — | $81M |
| Jun '23 | — | -$13M | — | — | -15.9% | -14.0% | — | — | $91M |
| Mar '23 | — | -$42M | — | — | -147.8% | -39.3% | — | — | $102M |
| Dec '22 | — | -$12M | — | — | -20.6% | -17.2% | — | — | $66M |
| Sep '22 | — | -$15M | — | — | -21.5% | -18.4% | — | — | $78M |
| Jun '22 | — | -$17M | — | — | -20.4% | -18.1% | — | — | $91M |
| Mar '22 | — | -$10M | — | — | -10.5% | -9.8% | — | — | $103M |
| Dec '21 | $375000 | -$11M | 0.0% | -2796.8% | -10.0% | -9.1% | — | — | $115M |
| Sep '21 | $375000 | -$11M | 0.0% | -3237.3% | -9.5% | -8.7% | — | — | $125M |
Valuation over time
How the market has priced CYPH against its own fundamentals since 2025-11 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 24.9× (Dec '25) to 50.8× (Nov '26).
P/E
Frequently asked questions
Is CYPH growing its revenue and profit?
Over the past 5 years, CYPHERPUNK TECHNOLOGIES INC.'s revenue has grown 0.0% per year. These are computed facts, not advice.
How much debt does CYPH have?
As of FY2025, CYPHERPUNK TECHNOLOGIES INC. reported — of total debt against $14M of cash; operating income covered interest expense -1711.1×.
What is CYPH's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.