Cypherpunk Technologies CYPH
NASDAQ CYPH
$2.20 -0.25 (-10.20%)
At close: Sep 10, 2026 · 4:00 PM EDT

Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2026)

Cypherpunk Technologies' (CYPH) quarterly Operating Expenses came in at $4.7 million in Q2 2026, down 72.22% year-over-year from $16.9 million in Q2 2025, and down 8.11% quarter-over-quarter from $5.1 million in Q4 2025.

Analysis

Cypherpunk Technologies (CYPH) Operating Expenses (2016 - 2026) Analysis & Trends

Cypherpunk Technologies has disclosed Operating Expenses across 11 years of filings, most recently posting $4.7 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 72.22% year-over-year to $4.7 million; the TTM figure through Jun 2026 stood at $29.8 million (down 55.32% YoY), while the FY2025 annual figure was $41.1 million, down 41.38% from the prior year.
  • Operating Expenses came in at $4.7 million for Q2 2026 at Cypherpunk Technologies, down from $5.1 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.
  • Average Operating Expenses over 5 years is $15.3 million, with a median of $14.8 million recorded in 2023.
  • Year-over-year, Operating Expenses soared 301.86% in 2023 and sank 82.27% in 2025.
  • Over 5 years, Operating Expenses stood at $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 sank by 68.35% to $5.1 million in 2025, then decreased by 8.11% to $4.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $4.7 million in Q2 2026, $5.1 million in Q4 2025, and $3.2 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coinbase Global 45.40 Bn 36.62 Bn 1.16 Bn 1.33 Bn
2 Bullish 4.32 Bn 4.21 Bn 15.53 Mn -56.27 Mn
3 Canton Strategic Holdings 465.18 Mn 465.18 Mn - 2.70 Mn
4 Cypherpunk Technologies 406.44 Mn 406.44 Mn - 4.69 Mn
5 Coincheck 268.46 Mn 166.86 Mn 11.20 Mn 711.50 Mn
6 Wewards 214.97 Mn 214.97 Mn - 14,393.00
7 Usbc 178.08 Mn 174.42 Mn - 28.10 Mn
8 Universal Token 174.68 Mn 174.68 Mn - 17,725.00
9 TON Strategy 173.75 Mn 173.73 Mn - -
10 Streamex 123.26 Mn 104.79 Mn - 15.31 Mn
Historic Data

Historic Data

Download Data
DateValue
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