Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026)
Cypherpunk Technologies' (CYPH) quarterly Research & Development came in at $197000.0 in Q2 2026, down 98.13% year-over-year from $10.5 million in Q2 2025, and down 79.79% quarter-over-quarter from $975000.0 in Q4 2025.
Analysis
Cypherpunk Technologies (CYPH) Research & Development (2016 - 2026) Analysis & Trends
Cypherpunk Technologies has disclosed Research & Development across 11 years of filings, most recently posting $197000.0 for Q2 2026.
- In Q2 2026, Research & Development fell 98.13% year-over-year to $197000.0; the TTM figure through Jun 2026 stood at $13.0 million (down 74.83% YoY), while the FY2025 annual figure was $25.7 million, down 55.13% from the prior year.
- Research & Development came in at $197000.0 for Q2 2026 at Cypherpunk Technologies, down from $975000.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $38.9 million in Q1 2023 to a low of $197000.0 in Q2 2026.
- Average Research & Development over 5 years is $11.8 million, with a median of $11.5 million recorded in 2023.
- Year-over-year, Research & Development jumped 400.28% in 2023 and plunged 98.13% in 2026.
- Over 5 years, Research & Development stood at $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 slumped by 92.56% to $975000.0 in 2025, then sank by 79.79% to $197000.0 in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $197000.0 in Q2 2026, $975000.0 in Q4 2025, and $1.2 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 46.24 Bn | 37.45 Bn | 1.16 Bn | 472.85 Mn |
| 2 | Bullish | 4.41 Bn | 4.30 Bn | 15.53 Mn | - |
| 3 | Canton Strategic Holdings | 481.44 Mn | 481.44 Mn | - | - |
| 4 | Cypherpunk Technologies | 454.37 Mn | 454.37 Mn | - | 197,000.00 |
| 5 | Coincheck | 269.81 Mn | 168.21 Mn | 11.20 Mn | - |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | TON Strategy | 179.57 Mn | 179.55 Mn | - | - |
| 8 | Usbc | 178.55 Mn | 174.89 Mn | - | 276,000.00 |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Streamex | 123.02 Mn | 104.56 Mn | - | - |
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 |