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

Cypherpunk Technologies' Operating Expenses history runs 10 years deep, the most recent figure standing at $5.1 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 68.35% year-over-year to $5.1 million; the TTM figure through Dec 2025 stood at $41.1 million (down 41.38% YoY), while the FY2025 annual figure 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.
• 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 soared 301.86% in 2023 and sank 82.27% in 2025, its largest moves.
• Cypherpunk Technologies' Operating Expenses stood at $10.9 million in 2021, then climbed by 28.35% to $13.9 million in 2022, then increased by 6.29% to $14.8 million in 2023, then advanced by 8.81% to $16.1 million in 2024, then slumped by 68.35% to $5.1 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $5.1 million, $3.2 million, and $16.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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