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

Cypherpunk Technologies' (CYPH) quarterly Research & Development came in at $975000.0 in Q4 2025, down 92.56% year-on-year from $13.1 million in Q4 2024, and down 21.81% quarter-over-quarter from $1.2 million in Q3 2025.

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

Cypherpunk Technologies has disclosed Research & Development across 10 years of filings, most recently posting $975000.0 for Q4 2025.

  • Research & Development for Q4 2025 came in at $975000.0, down 92.56% year-over-year; the trailing twelve-month figure through Dec 2025 was $25.7 million (down 55.13% YoY), and the FY2025 annual result was $25.7 million, down 55.13% from the prior year.
  • Research & Development came in at $975000.0 for Q4 2025 at Cypherpunk Technologies, down 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.
  • The 5-year median for Research & Development is $11.2 million (2023), against an average of $11.2 million.
  • Across the five-year window, Research & Development soared 280.04% in 2023 and slumped 92.56% in 2025, its largest moves.
  • Cypherpunk Technologies' Research & Development stood at $8.1 million in 2021, then soared by 36.73% to $11.0 million in 2022, then advanced by 5.9% to $11.7 million in 2023, then advanced by 12.21% to $13.1 million in 2024, then plunged by 92.56% to $975000.0 in 2025.
  • The last three Research & Development figures came in at $975000.0 (Q4 2025), $1.2 million (Q3 2025), and $10.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - 637.00 Mn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn -
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - 206.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Cypherpunk Technologies 49.63 Mn 49.63 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