Cypherpunk Technologies Inc. (CYPH) Key Metrics
CYPH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $277.0M
- Enterprise value
- $381.4M
- P/E (TTM)
- 4.1
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 160.1
- Price / book
- 2.8
- EV / EBITDA
- 303.5
- Dividend yield
- —
- Beta
- 0.86
CYPH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCYPH valuation Price multiples at each fiscal year-end price.
CYPH returns How much profit the business earns on the capital it uses.
CYPH per-share figures Results divided by the shares outstanding at year-end.
CYPH financial health Debt, liquidity and how easily interest is covered.
CYPH valuation history
CYPH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CYPH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CYPH cash returned to shareholders
CYPH price vs earnings per share
CYPH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $82.0M | $108.0M | — | — | — | — | — | — | — | — |
| Enterprise value | $68.0M | $61.0M | — | — | — | — | — | — | — | — |
| P/E ratio | 17.0 | — | — | — | — | — | — | — | — | — |
| Price / book | 0.5 | 3.1 | — | — | — | — | — | — | — | — |
| Earnings yield | 5.9% | −62.6% | — | — | — | — | — | — | — | — |
| Free cash flow yield | −53.6% | −55.9% | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | 0.0% | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $1.16 | $2.88 | $4.14 | $4.50 | $32.40 | $22.50 | $11.20 | $20.00 | $62.40 | — |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Earnings per share | $0.07 | −$1.80 | — | — | — | — | — | — | — | — |
| Operating cash flow per share | −$0.62 | −$1.61 | — | — | — | — | — | — | — | — |
| Free cash flow per share | −$0.62 | −$1.61 | — | — | — | — | — | — | — | — |
| Cash per share | $0.20 | $1.26 | — | — | — | — | — | — | — | — |
| Book value per share | $2.17 | $0.93 | — | — | — | — | — | — | — | — |
| Tangible book value per share | $2.17 | $0.93 | — | — | — | — | — | — | — | — |
| Capex per share | $1.37 | $0.00 | — | — | — | — | — | — | — | — |
| Debt per share | $0.00 | $0.01 | — | — | — | — | — | — | — | — |
| Shares outstanding | 70.7M | 37.6M | — | — | — | — | — | — | — | — |
| Change in shares outstanding | +88.2% | — | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.1% | −141.9% | −141.9% | −67.2% | −46.3% | −9.3% | −46.3% | −228.1% | — | — |
| Return on invested capital (ROIC) | −28.6% | — | — | — | — | −62.7% | — | — | — | — |
| Return on assets (ROA) | 4.5% | −110.8% | −124.4% | −62.0% | −43.1% | −8.6% | −24.8% | −96.1% | −167.4% | −148.1% |
| Return on tangible assets | 3.0% | −137.5% | −111.8% | −94.0% | −34.4% | −4.8% | −40.3% | −121.3% | −102.3% | −397.0% |
| Free cash flow margin | — | — | — | — | — | −258.2% | −278.9% | — | — | — |
| Income quality (OCF / net income) | −9.10 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $38,000 | $266,000 | $262,000 | $524,000 | $469,000 | $776,000 | $1.0M | — | — | $30.3M |
| Cash & short-term investments | $14.0M | $47.2M | $70.6M | $43.8M | $114.9M | $63.8M | $2.4M | $16.3M | $25.7M | $793,000 |
| Net debt | −$14.0M | −$47.0M | −$70.4M | −$43.2M | −$114.4M | −$63.1M | −$1.4M | −$16.3M | −$25.7M | $29.5M |
| Debt / equity | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.18 | — | — | — |
| Debt / assets | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.12 | — | — | 4.69 |
| Current ratio | 35.56 | 3.41 | 5.64 | 17.07 | 11.70 | 37.37 | 3.50 | 2.69 | 4.55 | 0.11 |
| Quick ratio | 35.56 | 3.41 | 5.64 | 16.62 | 11.70 | 36.83 | 3.09 | 2.69 | 4.55 | 0.11 |
| Interest coverage | — | — | — | — | — | -88.4 | -151.1 | — | -267.4 | -22.3 |
| Working capital | $157.5M | $34.0M | $58.9M | $50.1M | $106.9M | $65.5M | $3.9M | $10.9M | $21.6M | −$32.1M |
| Invested capital | $139.5M | −$11.9M | −$10.2M | $11.4M | −$6.6M | $4.4M | $4.3M | −$7.1M | −$14.6M | −$70.8M |
| Tangible asset value | $153.5M | $35.0M | $60.1M | $54.6M | $107.9M | $67.3M | $5.6M | $9.2M | $11.1M | $0 |
| Net current asset value | $152.4M | $34.0M | $58.9M | $49.8M | $106.8M | $64.3M | $2.5M | $7.4M | $9.7M | −$2.4M |
| Graham number | $1.83 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | $1.63 | $0.90 | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | — | $0 | $1,000 | $0 | — | — | — | — | — | — |
| Capex / revenue | — | — | — | — | 0.0% | 0.0% | 1.0% | — | — | — |
| Capex / depreciation | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.13 | 0.00 | 1.33 | 5.76 |
| Stock-based compensation / revenue | — | — | — | — | 232.1% | 26.0% | 40.2% | — | — | — |
| R&D / revenue | — | — | — | — | 2,144.0% | 14.2% | 11.6% | — | — | — |
| SG&A / revenue | — | — | — | — | 717.7% | 69.8% | 76.9% | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | — | 389.6 | 73.6 | 54.3 | — | — | — |
| Days of inventory on hand | — | — | — | — | — | 60.1 | 51.7 | — | — | 438.0 |
| Days payables outstanding | — | — | 3,421.8 | — | — | 51.2 | 169.6 | 23,095.6 | 22,230.8 | 38,492.9 |
| Cash conversion cycle (days) | — | — | — | — | — | 82.6 | -63.6 | — | — | — |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 4.96 | 6.72 | 0.00 | 0.00 | 0.00 |
| Payables turnover | — | — | 0.11 | — | 0.00 | 7.13 | 2.15 | 0.02 | 0.02 | 0.01 |
| Inventory turnover | — | — | — | — | — | 6.07 | 7.06 | — | — | 0.83 |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.25 | 0.70 | 0.00 | 0.00 | 0.00 |
| Average receivables | $74.4M | $737,500 | $1.1M | $1.3M | $1.6M | $2.0M | $1.4M | $1.3M | $2.5M | $3.2M |
| Average payables | $3.4M | $5.6M | $4.0M | $2.9M | $2.5M | $692,000 | $2.1M | $3.1M | $2.9M | $2.6M |
| Average inventory | — | — | — | $1.4M | — | $812,500 | $645,000 | — | — | $30,000 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 1.6% | 0.0% | 0.0% | 0.0% |
Computed from CYPH's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CYPH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cypherpunk Technologies traded at 17.0 times earnings. Based on the latest twelve months, the trailing P/E is 4.1. Cypherpunk Technologies earned a return on equity of 5.1% and a return on invested capital of −28.6% in fiscal 2025. It ended the year with $0.0 million of debt and $14.0 million in cash and short-term investments, a net cash position of $14.0 million.
See the CYPH income statement, the CYPH chart for price history, or the CYPH stock overview for the latest quote and news.
CYPH key metrics FAQ
What is Cypherpunk Technologies's P/E ratio?
Cypherpunk Technologies's trailing P/E ratio is 4.1 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 17.0.
What is Cypherpunk Technologies's return on equity?
Cypherpunk Technologies's return on equity (ROE) was 5.1% in fiscal 2025: net income of $4.8 million on average shareholders' equity of $94.3 million.
What is Cypherpunk Technologies's ROIC?
Cypherpunk Technologies's return on invested capital was −28.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cypherpunk Technologies have?
Cypherpunk Technologies had total debt of $0.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Cypherpunk Technologies's free cash flow yield?
Cypherpunk Technologies generated -$43.9 million of free cash flow in fiscal 2025, a free cash flow yield of −53.6% on its market value at year-end ($82.0 million).
What is Cypherpunk Technologies's current ratio?
Cypherpunk Technologies's current ratio was 35.56 at the end of fiscal 2025: current assets were 35.56 times current liabilities.