Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026)
Cypherpunk Technologies (CYPH) recorded Research & Development of $197,000 in Q2 2026, down 98.1% from $10.54 million a year earlier.
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Analysis
Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026) Analysis & Trends
On a TTM basis, Cypherpunk Technologies' Research & Development came in at $12.96 million as of Jun 30, 2026, down 74.8% year-over-year; for FY2025, it was $25.67 million, down 55.1% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $57.21 million in FY2024 (-21.9%), $73.23 million in FY2023 (+62.9%), $44.97 million in FY2022 (+39.8%) and $32.16 million in FY2021 (+57.5%).
- The Q2 2026 figure is the lowest quarterly Research & Development in data going back to Q1 2016.
- On a year-over-year basis, Research & Development rose in three of the last seven quarters, with an average decline of 38.2%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 400.3% in Q1 2023, against a decline of 98.1% in Q2 2026 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | 849.00 Mn |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | - |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Cypherpunk Technologies | 595.38 Mn | 595.38 Mn | - | 197,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 197,000.00 |
| Dec 31, 2025 | 975,000.00 |
| Sep 30, 2025 | 1.25 Mn |
| Jun 30, 2025 | 10.54 Mn |
| Mar 31, 2025 | 12.91 Mn |
| Dec 31, 2024 | 13.11 Mn |
| Sep 30, 2024 | 14.92 Mn |
| Jun 30, 2024 | 17.89 Mn |
| Mar 31, 2024 | 11.30 Mn |
| Dec 31, 2023 | 11.69 Mn |
| Sep 30, 2023 | 11.50 Mn |
| Jun 30, 2023 | 11.10 Mn |
| Mar 31, 2023 | 38.94 Mn |
| Dec 31, 2022 | 11.03 Mn |
| Sep 30, 2022 | 12.10 Mn |
| Jun 30, 2022 | 14.05 Mn |
| Mar 31, 2022 | 7.78 Mn |
| Dec 31, 2021 | 8.07 Mn |
| Sep 30, 2021 | 10.08 Mn |
| Jun 30, 2021 | 7.21 Mn |
API Access
Cypherpunk Technologies Research & Development 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=research-and-development&ticker=CYPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CYPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();