Cypherpunk Technologies (CYPH) Free Cash Flow (2016 - 2025)
Cypherpunk Technologies' (CYPH) quarterly Free Cash Flow came in at -$6.6 million in Q4 2025, up 57.33% year-over-year from -$4.2 million in Q4 2024, and up 20.42% quarter-over-quarter from -$8.3 million in Q3 2025.
Analysis
Cypherpunk Technologies (CYPH) Free Cash Flow (2016 - 2025) Analysis & Trends
Cypherpunk Technologies has disclosed Free Cash Flow across 10 years of filings, most recently posting -$6.6 million for Q4 2025.
- In Q4 2025, Free Cash Flow rose 57.33% year-over-year to -$6.6 million; the TTM figure through Dec 2025 stood at -$43.9 million (up 27.19% YoY), while the FY2025 annual figure was -$140.9 million, down 133.67% from the prior year.
- Free Cash Flow came in at -$6.6 million for Q4 2025 at Cypherpunk Technologies, up from -$8.3 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$6.6 million in Q4 2025 to a low of -$15.6 million in Q3 2024.
- Average Free Cash Flow over 5 years is -$11.6 million, with a median of -$11.9 million recorded in 2022.
- Year-over-year, Free Cash Flow slumped 118.72% in 2021 and soared 57.33% in 2025.
- Over 5 years, Free Cash Flow stood at -$10.7 million in 2021, then fell by 21.44% to -$13.0 million in 2022, then advanced by 20.24% to -$10.4 million in 2023, then slumped by 49.44% to -$15.5 million in 2024, then soared by 57.33% to -$6.6 million in 2025.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$6.6 million in Q4 2025, -$8.3 million in Q3 2025, and -$14.5 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 197.31 Mn |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 17.52 Mn |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | -7.00 Mn |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | -14.82 Mn |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | -6.60 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | -14,752.00 |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | -48.98 Mn |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | -15.23 Mn |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -6.62 Mn |
| Sep 30, 2025 | -8.32 Mn |
| Jun 30, 2025 | -14.49 Mn |
| Mar 31, 2025 | -14.48 Mn |
| Dec 31, 2024 | -15.51 Mn |
| Sep 30, 2024 | -15.60 Mn |
| Jun 30, 2024 | -13.67 Mn |
| Mar 31, 2024 | -15.52 Mn |
| Dec 31, 2023 | -10.38 Mn |
| Sep 30, 2023 | -10.49 Mn |
| Jun 30, 2023 | -10.19 Mn |
| Mar 31, 2023 | -12.70 Mn |
| Dec 31, 2022 | -13.01 Mn |
| Sep 30, 2022 | -12.25 Mn |
| Jun 30, 2022 | -12.26 Mn |
| Mar 31, 2022 | -11.52 Mn |
| Dec 31, 2021 | -10.72 Mn |
| Sep 30, 2021 | -8.10 Mn |
| Jun 30, 2021 | -7.75 Mn |
| Mar 31, 2021 | -8.59 Mn |