Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026)
Cypherpunk Technologies (CYPH) posted Research & Development of $975000.0 for Q4 2025, down 21.81% sequentially from $1.2 million in Q3 2025, and down 92.56% YoY from $13.1 million in Q4 2024.
Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026) Analysis & Trends
Cypherpunk Technologies has reported Research & Development for 10 years, with the latest figure at $975000.0 in Q4 2025.
- Quarterly Research & Development fell 92.56% year-over-year to $975000.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $25.7 million (down 55.13% YoY) and the FY2025 annual result came in at $25.7 million, down 55.13% from the prior year.
- Research & Development declined to $975000.0 in Q4 2025 per CYPH's latest filing, from $1.2 million in the prior quarter.
- Over five years, Research & Development peaked at $29.6 million in Q1 2023 and troughed at $975000.0 in Q4 2025.
- A 5-year average of $11.2 million and a median of $11.2 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2025: Research & Development surged 280.04% in 2023, then slumped 92.56% in 2025.
- Over 5 years, Research & Development stood at $8.1 million in 2021, then surged by 36.73% to $11.0 million in 2022, then grew by 5.9% to $11.7 million in 2023, then grew by 12.21% to $13.1 million in 2024, then plunged by 92.56% to $975000.0 in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $975000.0, $1.2 million, and $10.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | - |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 589.00 Mn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | - |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Cypherpunk Technologies | 218.43 Mn | 218.43 Mn | - | 197,000.00 |
Historic Data
Download 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 | 29.58 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 |