Cypherpunk Technologies (CYPH) Research & Development (2016 - 2025)

Cypherpunk Technologies (CYPH) reported Research & Development of $975000.0 for Q4 2025, down 92.56% on a YoY basis from $13.1 million in Q4 2024, and down 21.81% sequentially from $1.2 million in Q3 2025.

Cypherpunk Technologies (CYPH) Research & Development (2016 - 2025) Analysis & Trends

Cypherpunk Technologies (CYPH) has 10 years of Research & Development data on file, last reported at $975000.0 in Q4 2025.

  • For the quarter ending Q4 2025, Research & Development fell 92.56% year-over-year to $975000.0; the trailing twelve-month figure through Dec 2025 stood at $25.7 million (down 55.13% YoY), and the FY2025 full-year result was $25.7 million, down 55.13% from the prior year.
  • Research & Development declined to $975000.0 in Q4 2025, from $1.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $29.6 million in Q1 2023 to a low of $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.
  • Across the five-year window, Research & Development soared 280.04% in 2023 and plunged 92.56% in 2025, its largest moves.
  • Tracing CYPH's Research & Development over 5 years: stood at $8.1 million in 2021, then surged by 36.73% to $11.0 million in 2022, then gained by 5.9% to $11.7 million in 2023, then gained by 12.21% to $13.1 million in 2024, then sank by 92.56% to $975000.0 in 2025.
  • Business Quant data shows CYPH's Research & Development at $975000.0 in Q4 2025, $1.2 million in Q3 2025, and $10.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -
3 Blackstone 97.77 Bn 96.72 Bn - -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -
5 State Street 51.30 Bn 51.30 Bn - 637.00 Mn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn -
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - 75.00 Mn
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 Cypherpunk Technologies 43.65 Mn 43.65 Mn - 975,000.00

Historic Data

Download Data
DateValue
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
Mar 31, 2021 6.81 Mn