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| Date | Value |
|---|---|
| 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 |