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

Cypherpunk Technologies (CYPH) reported Operating Expenses of $5.1 million for Q4 2025, down 68.35% on a YoY basis from $16.1 million in Q4 2024, and up 61.18% sequentially from $3.2 million in Q3 2025.

Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2025) Analysis & Trends

Cypherpunk Technologies (CYPH) has 10 years of Operating Expenses data on file, last reported at $5.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 68.35% year-over-year to $5.1 million; the trailing twelve-month figure through Dec 2025 stood at $41.1 million (down 41.38% YoY), and the FY2025 full-year result was $41.1 million, down 41.38% from the prior year.
  • Operating Expenses climbed to $5.1 million in Q4 2025, 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.
  • A 5-year average of $14.9 million and a median of $14.8 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 301.86% in 2023 and plunged 82.27% in 2025, its largest moves.
  • Tracing CYPH's Operating Expenses over 5 years: stood at $10.9 million in 2021, then gained by 28.35% to $13.9 million in 2022, then climbed by 6.29% to $14.8 million in 2023, then rose by 8.81% to $16.1 million in 2024, then plunged by 68.35% to $5.1 million in 2025.
  • Business Quant data shows CYPH's Operating Expenses at $5.1 million in Q4 2025, $3.2 million in Q3 2025, and $16.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Cypherpunk Technologies 43.65 Mn 43.65 Mn - 5.10 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 9.55 Mn