Cypherpunk Technologies CYPH
NASDAQ CYPH
$2.44 -0.19 (-7.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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