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 47.6× (Sep '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 —.
What is CYPH's P/E ratio?
As of Sep '26, CYPHERPUNK TECHNOLOGIES INC. traded at a price-to-earnings ratio of about 47.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.