Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2025)

Cypherpunk Technologies has disclosed Operating Expenses across 10 years of filings, most recently posting $5.1 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $5.1 million, down 68.35% year-over-year; the trailing twelve-month figure through Dec 2025 was $41.1 million (down 41.38% YoY), and the FY2025 annual result was $41.1 million, down 41.38% from the prior year.
• Operating Expenses came in at $5.1 million for Q4 2025 at Cypherpunk Technologies, up from $3.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $42.7 million in Q1 2023 to a low of $3.2 million in Q3 2025.
• The 5-year median for Operating Expenses is $14.8 million (2023), against an average of $14.9 million.
• Across the five-year window, Operating Expenses surged 301.86% in 2023 and slumped 82.27% in 2025, its largest moves.
• Cypherpunk Technologies' Operating Expenses stood at $10.9 million in 2021, then advanced by 28.35% to $13.9 million in 2022, then grew by 6.29% to $14.8 million in 2023, then gained by 8.81% to $16.1 million in 2024, then tumbled by 68.35% to $5.1 million in 2025.
• The last three Operating Expenses figures came in at $5.1 million (Q4 2025), $3.2 million (Q3 2025), and $16.9 million (Q2 2025), per Business Quant data.