CYPHERPUNK TECHNOLOGIES INC. (CYPH)
Cypherpunk Technologies Inc. is a privacy-focused technology company that combines a digital asset treasury strategy centered on Zcash (ZEC) with the development of novel cancer therapies through its subsidiary. The company's mission is to advance technologies that guarantee privacy for individuals on the internet, with a primary focus on investing in, accelerating the adoption of, and strengthening the ecosystem of Zcash, a privacy-preserving digital currency.
Sector: Pharmaceutical Preparations
Industry: Asset Management
Cypherpunk Technologies Inc.
NASDAQ:CYPHFinancial Services · Asset Management
-9.97%$2.98
AH$3.00+0.67%vs close
Mkt Cap-
Float61.56M
O/S-
Vol
$ Vol
RVOL
Inst Own14.7%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income$4.82M
Total Assets$163.18M
Free Cash Flow-$43.9M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$38K
Total Equity$153.51M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CYPH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$163.18M
Liabilities$9.68M
Accounts Receivable$148.01M
Accounts Payable$1.98M
Inventory$0
PP&E (Net)$38K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $1.5M | $10.05M | $9.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | -85.1% | 3.9% | - | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $427K | $0 | $0 | $4.93M | $4.56M | $49K | $48K | $25K | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | -$427K | $0 | $1.5M | $5.12M | $5.12M | -$49K | -$48K | -$25K | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | 100.0% | 50.9% | 52.9% | - | - | - | - | - | - | - |
| Research and Development | $25.67M | $57.21M | $73.23M | $44.97M | $32.16M | $1.43M | $1.13M | $21.07M | $22.5M | $23.29M | $15.37M | $15.54M | $9.3M | $7.17M |
| Selling, General, and Administrative | $10.87M | $12.85M | $13.38M | $11.8M | $10.77M | $7.02M | $7.44M | $8.92M | $9.85M | $4.23M | $5.72M | $4.71M | $4.57M | $1.51M |
| Other | $0 | $0 | $0 | $0 | $0 | $118K | $34K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $36.54M | $70.06M | $86.61M | $56.76M | $42.93M | $8.57M | $8.6M | $30M | $32.35M | $27.52M | $21.09M | $20.25M | $13.87M | $8.68M |
| Operating Income (EBIT) | -$36.54M | -$70.06M | -$87.04M | -$56.76M | -$41.43M | -$3.45M | -$3.48M | -$30.75M | -$32.35M | -$27.52M | -$21.09M | -$20.92M | -$13.87M | -$8.8M |
| Operating Margin | - | - | - | - | -2761.7% | -34.3% | -35.9% | - | - | - | - | - | - | - |
| Interest Expense | $24K | $0 | $0 | $54K | $41K | $39K | $23K | $19K | $121K | $1.23M | $18K | $4.37M | $0 | $0 |
| Interest Income | $916K | $3.13M | $4.03M | $925K | $9K | $93K | $313K | $447K | $170K | $2K | $156K | $40K | $94K | $102K |
| Other Income (Expense) | $46.62M | $3.09M | $5.63M | $2.31M | $815K | $59K | $30K | $7.63M | $2.47M | $1.89M | $9.04M | -$4.5M | -$4.3M | $1.04M |
| Income Before Tax (EBT) | $10.08M | -$66.97M | -$81.41M | -$54.45M | -$40.61M | -$3.39M | -$3.45M | -$23.12M | -$29.88M | -$25.63M | -$20.95M | -$25.42M | -$18.18M | -$7.76M |
| Income Tax Expense | $5.25M | $585K | $0 | $147K | -$24K | $0 | $0 | $20K | -$157K | $0 | $152K | $31K | $149K | $0 |
| Net Income | $4.82M | -$67.56M | -$81.41M | -$54.6M | -$40.59M | -$3.39M | -$3.45M | -$23.14M | -$29.73M | -$25.63M | -$21.1M | -$25.45M | -$18.32M | -$7.76M |
| Net Income Margin | - | - | - | - | -2705.8% | -33.7% | -35.6% | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | 0.07 | -1.81 | -3.98 | -4.82 | -4.73 | -4.64 | -14.57 | -16.36 | -32.45 | -27.29 | -12.37 | -21.45 | -24.62 | -10.42 |
| Diluted EPS | 0.07 | -1.81 | -3.98 | -4.82 | -4.73 | -4.64 | -14.57 | -16.05 | -32.35 | -27.29 | -12.37 | -21.45 | -24.62 | -10.42 |
| Weighted Average OS | 66.14M | 37.55M | 20.45M | 11.32M | 8.58M | 5.93M | 2.26M | 1.41M | 916,184 | 939,241 | 1.71M | 1.19M | 744,404 | 744,404 |
| EBITDA | -$36.54M | -$66.97M | -$81.4M | -$54.38M | -$40.54M | -$3.4M | -$3.43M | -$23.05M | -$29.71M | -$24.37M | -$11.92M | -$19.73M | -$13.23M | -$6.98M |
| EBITDA Margin | - | - | - | - | -2702.7% | -33.9% | -35.4% | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $14.04M | $47.25M | $70.64M | $20.99M | $114.92M | $63.83M | $2.39M | $16.28M | $25.74M | $793K | $20.97M | $10.87M | $19M | $15.32M |
| Short-Term Investments | $0 | $0 | $0 | $22.76M | $0 | $0 | $0 | $0 | $0 | $0 | $6.61M | $35.31M | $0 | $0 |
| Cash and Short-Term Investments | $14.04M | $47.25M | $70.64M | $43.76M | $114.92M | $63.83M | $2.39M | $16.28M | $25.74M | $793K | $27.57M | $46.18M | $19M | $15.32M |
| Accounts Receivable | $148.01M | $704K | $771K | $1.36M | $1.19M | $2.01M | $2.04M | $836K | $1.74M | $3.17M | $0 | $379K | $221K | $415K |
| Inventory | $0 | $0 | $0 | $1.4M | $0 | $980K | $645K | $0 | $0 | $30K | $0 | $0 | $0 | $0 |
| Other Current Assets | $40K | $86K | $183K | $6.26M | $0 | $59K | $58K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $162.08M | $48.04M | $71.6M | $53.22M | $116.87M | $67.3M | $5.51M | $17.32M | $27.66M | $4.03M | $27.92M | $46.72M | $19.56M | $16.01M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $38K | $262K | $262K | $371K | $495K | $2.73M | $2.74M | $86K | $135K | $119K | $232K | $451K | $330K | $303K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $25K | $0 | $130K | $138K | $0 | $0 | $0 | $0 | $276K | $827K | $1.38M |
| Long-Term Investments | $150K | $0 | $0 | $150K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $159K | $0 | $0 | $124K | $158K | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $913K | $823K | $966K | $4.33M | $383K | $258K | $318K | $1.54M | $1.11M | $2.31M | $0 | $1.25M | $17K | $19K |
| Total Long-Term Assets | $1.1M | $1.08M | $1.23M | $4.88M | $1.04M | $3.11M | $3.19M | $1.75M | $1.4M | $2.43M | $232K | $1.98M | $1.17M | $1.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $163.18M | $49.12M | $72.83M | $58.09M | $117.91M | $70.42M | $8.7M | $19.07M | $29.06M | $6.46M | $28.15M | $48.7M | $20.74M | $17.71M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.98M | $4.74M | $6.46M | $1.54M | $4.19M | $730K | $654K | $3.58M | $2.62M | $3.23M | $2.05M | $61K | $1.09M | $292K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30.27M | $3.14M | $0 | $0 | $0 |
| Current Income Tax Payable | $472K | $531K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.14M | $0 | $0 | $0 |
| Other Current Liabilities | $1.46M | $0 | $2.78M | $8K | $0 | $0 | $0 | $0 | $0 | $0 | -$4.39M | $0 | $0 | $0 |
| Total Current Liabilities | $4.56M | $14.08M | $12.68M | $3.12M | $9.99M | $1.8M | $1.57M | $6.45M | $6.08M | $36.16M | $1.28M | $2.49M | $1.97M | $1.5M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $75K | $0 | $685K | $632K | $3.45M | $11.86M | $70.53M | $0 | $0 | $0 | $3.11M |
| Total Long-Term Liabilities | $5.12M | $0 | $0 | $331K | $37K | $1.21M | $1.4M | $3.45M | $11.86M | $70.53M | $0 | $0 | $0 | $3.11M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100.23M | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.68M | $14.08M | $12.68M | $3.45M | $10.02M | $3.01M | $2.98M | $9.9M | $17.95M | $6.46M | $1.28M | $2.49M | $1.97M | $4.61M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.8M | $65.88M | $0 | $0 | $0 |
| Common Stock | $84K | $38K | $26K | $142K | $88K | $142K | $69K | $15K | $12K | $0 | $47K | $45K | $20K | $20K |
| Retained Earnings | -$462.55M | -$467.37M | -$399.58M | -$105.93M | -$263.57M | -$91.33M | -$87.94M | -$153.53M | -$130.4M | -$100.67M | -$89.3M | -$68.2M | -$42.75M | -$24.42M |
| Comprehensive Income & Other | -$95K | -$120K | $106K | $0 | -$267K | $0 | $0 | $302K | -$268K | $294K | -$498K | -$533K | $5.12M | $2.48M |
| Other Stockholders' Equity | $615.97M | $502.38M | $459.7M | $160.43M | $371.37M | $158.59M | $93.59M | $162.69M | $141.5M | $439K | $116.12M | $114.36M | $61.49M | $37.5M |
| Total Equity | $153.51M | $35.05M | $60.14M | $54.64M | $107.89M | $67.41M | $5.72M | $9.18M | $11.12M | -$100.23M | $26.87M | $46.21M | $18.77M | $13.1M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $163.18M | $49.12M | $72.83M | $58.09M | $117.91M | $70.42M | $8.7M | $19.07M | $29.06M | -$93.77M | $28.15M | $48.7M | $20.74M | $17.71M |
| Supplementary Data | ||||||||||||||
| Total Debt | $38K | $266K | $262K | $524K | $469K | $776K | $1M | $0 | $0 | $30.27M | $3.14M | $0 | $0 | $0 |
| Net Debt | -$14M | -$46.98M | -$70.38M | -$20.47M | -$114.45M | -$63.05M | -$1.39M | -$16.28M | -$25.74M | $29.48M | -$17.83M | -$10.87M | -$19M | -$15.32M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $4.82M | -$67.56M | -$81.41M | -$54.6M | -$40.59M | -$27.51M | -$32.9M | -$23.14M | -$29.73M | -$25.63M | -$21.1M | -$25.45M | -$18.32M | -$7.76M |
| Depreciation & Amortization | $0 | $5K | $15K | $16K | $29K | $34K | $47K | $49K | $48K | $25K | $474K | $657K | $640K | $649K |
| Deferred Income Tax | $5.12M | $0 | $0 | $0 | $379K | $0 | $0 | $20K | -$158K | $0 | $370K | -$271K | $85K | $93K |
| Stock-Based Compensation | $4.9M | $5.5M | $5.13M | $5.18M | $3.48M | $2.62M | $3.89M | $3.47M | $5.6M | $45K | $1.72M | $1.66M | $2.65M | $241K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $149K | $0 | $1.3M | -$1.01M | -$1.16M | $117K | $643K | $780K | $1.46M | -$3.05M | $0 | $0 | $118K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $1.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$10.42M | $902K | $712K | $0 | $3.9M | $0 | $0 | $368K | $1.09M | $2.27M | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.72M | $388K | $497K | $358K | -$2.89M | -$1.11M | $688K | $503K | $1.2M | -$3.27M | -$1.05M | $850K | $440K | $266K |
| Total Working Capital Change | -$8.56M | $1.29M | $2.51M | -$651K | $1.01M | -$990K | $1.33M | $871K | $2.29M | -$1.01M | -$1.05M | $850K | $558K | $266K |
| Other Non-Cash Items | -$50.19M | $457K | $30.01M | $1.01M | $527K | -$104K | $729K | -$7.3M | -$194K | $1.23M | $14K | $4.54M | $4.45M | -$1.04M |
| Net Cash from Operating | -$43.9M | -$60.3M | -$43.75M | -$49.04M | -$35.16M | -$25.96M | -$26.9M | -$26.03M | -$22.14M | -$25.34M | -$19.58M | -$18.02M | -$9.94M | -$7.55M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$97M | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | -$64K | -$144K | -$12K | -$227K | -$116K | -$130K |
| Acquisitions | $0 | $0 | $50.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$418K | -$35.39M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30.05M | $53K | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$1.39M | $0 | $0 | $25K | $15K | $0 | -$64K | $0 | $9K | -$1.24M | $2K | -$6K |
| Net Cash from Investing | -$97M | $0 | $48.97M | $0 | $0 | $25K | -$85K | $0 | -$64K | -$144K | $29.69M | -$36.8M | -$114K | -$136K |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | -$750K | -$25.9M | - | - | - | - |
| Common Stock Issuance | $108.09M | $40M | $0 | $0 | $97.22M | $48.52M | $15.25M | $15.03M | $49.16M | -$282K | $3.87M | $46.69M | $13.75M | $9.88M |
| Common Stock Repurchases | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$2.81M | -$1K | -$210K | $813K | -$1.51M | -$437K | $872K | -$2.15M | -$282K | -$8.25M | $198K | $0 | $2.41M |
| Net Cash from Financing | $107.65M | $37.18M | -$30K | -$210K | $98.03M | $74M | $14.82M | $15.91M | $47.76M | $25.62M | $16K | $46.89M | $13.75M | $12.29M |
| Forex Effect | $39K | -$279K | -$43K | -$162K | -$33K | $115K | -$223K | $674K | -$618K | $251K | -$30K | -$193K | -$24K | -$4K |
| Net Change in Cash | -$33.21M | -$23.39M | $5.14M | -$49.42M | $62.84M | $48.18M | -$12.39M | -$9.45M | $24.94M | $388K | $10.1M | -$8.13M | $3.67M | $4.6M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$43.9M | -$60.3M | -$43.75M | -$49.04M | -$35.16M | -$25.96M | -$26.9M | -$26.03M | -$22.14M | -$25.34M | -$19.58M | -$18.02M | -$9.94M | -$7.55M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | -$64K | -$144K | -$12K | -$227K | -$116K | -$130K |
| Free Cash Flow | -$43.9M | -$60.3M | -$43.75M | -$49.04M | -$35.16M | -$25.96M | -$27M | -$26.03M | -$22.2M | -$25.48M | -$19.59M | -$18.24M | -$10.05M | -$7.68M |
| Cash at Beginning | $47.25M | $70.64M | $65.5M | $114.92M | $52.07M | $3.89M | $16.28M | $25.74M | $793K | $405K | $10.87M | $19M | $15.32M | $10.72M |
| Cash at End | $14.04M | $47.25M | $70.64M | $65.5M | $114.92M | $52.07M | $3.89M | $16.28M | $25.74M | $793K | $20.97M | $10.87M | $19M | $15.32M |