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| Date | Value |
|---|---|
| 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 |