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CYPHCypherpunk Technologies Inc.
$2.88$307M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CYPH logo

Cypherpunk Technologies Inc.

CYPH
NASDAQ · Crypto & Digital Assets
$2.88
At close - Nov 6, 4:00 PM EST - USD
Market Cap$307M
P/E-576.0x
52W High$4.19
Volume21.79M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Persistent Negative Cash Flow Raises Fundamental Viability Concerns

Cypherpunk Technologies' financial profile suggests a struggling core business with no consistent revenue, evidenced by only $234K reported in 2024Q4 and volatile net income such as a $39.4M profit in 2026Q2 that appears driven by non-operating factors.

GrowthMixed
ProfitabilityWeak
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

CYPH price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-2551% Peers

P/E is 2551% below peer median

03

Market leadership

RS 98 · Leader

High momentum (Outperforming 98% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 11

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CYPH+154.87%
S&P 500 (^GSPC)+7.63%
1-Year Return
CYPH+605.54%
S&P 500 (^GSPC)+9.69%
3-Year Return
CYPH+67.44%
S&P 500 (^GSPC)+95.24%
5-Year Return
CYPH-88.84%
S&P 500 (^GSPC)+71.29%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-576.0x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-576.0x
17.0x
0th· Low
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
-
Net income FY25
$5M+107.1% YoY
Free cash flow FY25
-$44M+27.2% YoY
Operating margin FY25
-
ROIC (FY25)-43%
Avg ROIC 5Y-298.9%
ROE (TTM)-0.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 12, 2026
$0.18+700.0%
vs -$0.03
—
vs —
Q2 2026
May 14, 2026
-$0.46-1033.0%
vs -$0.04
—
vs —
Q2 2026
Mar 16, 2026
-$0.23-246.4%
vs -$0.07
—
vs —
Q4 2025
Nov 12, 2025
-$0.08+66.7%
vs -$0.24
$209,000
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
247 Wallst·Oct 6, 2026
The Winklevoss Twins Plan to Invest $100 Million in the Coin That Outperformed Bitcoin

The Winklevoss twins just filed for a Zcash ETF with a $100 million pledge, but the deal reveals a web of intertwined companies where Gemini stands to profit whether or not ZEC moves a single dollar.

PRNewsWire·Sep 22, 2026
Cypherpunk Technologies Appoints Amanda Fabiano to Board of Directors

Veteran mining executive brings operational depth from Nakamoto, TeraWulf, Galaxy, and Fidelity as Cypherpunk launches 4.2 GSol/s Zcash mining fleet Cypherpunk Mining generated 3,023.13 ZEC in first weeks of operation; Added to Treasury CAMBRIDGE, Mass., Sept. 22, 2026 /PRNewswire/ -- Cypherpunk Technologies Inc. (Nasdaq: CYPH) ("Cypherpunk"), a privacy technology company, today announced the appointment of Amanda Fabiano to its Board of Directors.

Seeking Alpha·Aug 25, 2026
Cypherpunk Technologies Looks Fully Valued After Zcash-Fueled Surge

Cypherpunk Technologies Inc. now holds a significant ZEC treasury and has acquired a major Zcash mining operation, boosting its asset value. Recent ZEC price surges and the launch of the Zcash ETF have driven CYPH's valuation, but the stock's rapid rise has consumed much of its immediate upside. CYPH's fully diluted share count and complex capital structure mean headline market cap underestimates the price investors are paying for exposure.

PRNewsWire·Aug 18, 2026
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet

Equity-based transaction with Winklevoss Capital activates 4.2 GSol/s of live, U.S.-based hashrate; approximately 18% of the Zcash network; Industry veteran Kevin Zhang joins as Head of Mining CAMBRIDGE, Mass., Aug. 18, 2026 /PRNewswire/ -- Cypherpunk Technologies Inc. (Nasdaq: CYPH) ("Cypherpunk") today announced the launch of Cypherpunk Mining, which is now the largest Zcash mining fleet in the world, through a $33.33 million equity-based transaction with Winklevoss Capital.

Filtered for Cypherpunk Technologies Inc.More Headlines
04

Compare before deciding

Benchmark CYPH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cypherpunk Technologies Inc. (CYPH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CYPH logoCYPHCypherpunk Technologies Inc.Current
$2.88$306.62M-576.00——-0.57%—
MSTR logoMSTRStrategy Inc
$128.93$42.65B-4.042.97%-2760.34%-25.97%1.01%
BTBT logoBTBTBit Digital, Inc.
$0.73$256.77M-0.88-32.54%-5.61%-38.19%0.04%
COIN logoCOINCoinbase Global, Inc.
$134.76$35.5B-55.319.45%-12.66%-5.08%—
HOOD logoHOODRobinhood Markets, Inc.
$80.91$72.74B37.1552.82%39.34%20.64%—
VOYG logoVOYGVoyager Technologies, Inc.
$23.98$1.42B-8.3015.42%-78.96%-44.67%1.97%

Compare CYPH vs Peers

Cypherpunk Technologies Inc. (CYPH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSTR

Most directly comparable listed peer for CYPH.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare CYPH against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSTR, BTBT, COIN, HOOD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CYPH SEC Filings & Documents

Cypherpunk Technologies Inc. (CYPH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 18, 2026·SEC

Material company update

Aug 12, 2026·SEC

Material company update

Jul 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 16, 2026·SEC

FY 2025

Mar 26, 2025·SEC

FY 2024

Mar 18, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 12, 2026·SEC

FY 2026

May 14, 2026·SEC

FY 2025

Nov 12, 2025·SEC

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CYPH Frequently Asked Questions

Cypherpunk Technologies Inc. (CYPH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Cypherpunk Technologies Inc. growing?

Cypherpunk Technologies Inc. (CYPH) revenue fell by 100.0% over the trailing twelve months, compared with the twelve months before.

Is CYPH profitable?

No. Cypherpunk Technologies Inc. (CYPH) reported a net loss of $0.9M over the trailing twelve months.

Dividend & Returns
What is CYPH's return on equity?

Cypherpunk Technologies Inc. (CYPH) had a return on equity (ROE) of -0.6% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Cypherpunk Technologies Inc.'s free cash flow?

Cypherpunk Technologies Inc. (CYPH) had negative free cash flow of $27.0M over the trailing twelve months.

What if you invested $1,000 in CYPH back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →