Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2026)
Cypherpunk Technologies (CYPH) recorded Operating Expenses of $4.69 million in Q2 2026, down 72.2% from $16.88 million a year earlier.
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Analysis
Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2026) Analysis & Trends
On a TTM basis, Cypherpunk Technologies' Operating Expenses came in at $29.84 million as of Jun 30, 2026, down 55.3% year-over-year; for FY2025, it was $41.07 million, down 41.4% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 6.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $70.06 million in FY2024 (-19.5%), $87.04 million in FY2023 (+53.3%), $56.76 million in FY2022 (+32.2%) and $42.93 million in FY2021 (+42.9%).
- Quarterly Operating Expenses has ranged from $3.17 million in Q3 2025 to $42.73 million in Q1 2023 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last seven quarters, with an average decline of 29.6%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 301.9% in Q1 2023, against a decline of 82.3% in Q3 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.89 Bn | 8.11 Bn | - | 7.26 Bn |
| 2 | Block | 47.01 Bn | 18.31 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 45.76 Bn | 2.56 Bn | - | 1.33 Bn |
| 4 | Corpay | 26.67 Bn | 16.87 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.58 Bn | 22.26 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.82 Bn | 615.05 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 15.32 Bn | 11.89 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 12.83 Bn | 10.22 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.60 Bn | 7.39 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Cypherpunk Technologies | 545.63 Mn | 496.16 Mn | - | 4.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.69 Mn |
| Dec 31, 2025 | 5.10 Mn |
| Sep 30, 2025 | 3.17 Mn |
| Jun 30, 2025 | 16.88 Mn |
| Mar 31, 2025 | 15.92 Mn |
| Dec 31, 2024 | 16.13 Mn |
| Sep 30, 2024 | 17.86 Mn |
| Jun 30, 2024 | 21.25 Mn |
| Mar 31, 2024 | 14.83 Mn |
| Dec 31, 2023 | 14.82 Mn |
| Sep 30, 2023 | 14.83 Mn |
| Jun 30, 2023 | 14.66 Mn |
| Mar 31, 2023 | 42.73 Mn |
| Dec 31, 2022 | 13.94 Mn |
| Sep 30, 2022 | 15.29 Mn |
| Jun 30, 2022 | 16.90 Mn |
| Mar 31, 2022 | 10.63 Mn |
| Dec 31, 2021 | 10.86 Mn |
| Sep 30, 2021 | 12.52 Mn |
| Jun 30, 2021 | 10.00 Mn |
API Access
Cypherpunk Technologies Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CYPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CYPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CYPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();