Cypherpunk Technologies Inc.CYPH
What Cypherpunk Technologies Inc. does.
We were incorporated in the state of Delaware on January 3, 2011. Our wholly owned subsidiaries as of December 31, 2025 include HealthCare Pharmaceuticals Pty Ltd. (“HCP Australia”), Leap Securities Corp., Flame Biosciences LLC, and Leap Therapeutics, Inc. (“Leap”).
Prior to October 2025, we devoted substantially all of our resources to development efforts related to biomarker-targeted antibody therapies designed to treat patients with cancer. Our clinical stage program is sirexatamab (DKN-01), a monoclonal antibody that inhibits Dickkopf-related protein 1, or DKK1, for the treatment of colorectal cancer patients. We also have a preclinical antibody program, FL-501, that is designed to treat cachexia-related indications.
In October 2025, we announced a $58.88 million private placement, led by Winklevoss Capital, and the intent to initiate a digital asset treasury strategy. Immediately following the financing, we initiated a strategy to deploy a portion of our capital raised that is not required to provide working capital for our ongoing operations to accumulate digital assets, focused on Zcash. Zcash is a protocol and blockchain network of connected devices all over the world, working together to validate transactions and maintain the Zcash ledger. ZEC is the monetary unit, or coin, of Zcash. Zcash allows for transactional privacy, providing users with options for fully shielded transactions in which the sender, recipient, and amount are encrypted.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.5M | — | — | — | — |
| Net income | -$27.5M | -$40.6M | -$54.6M | -$81.4M | -$67.6M | $4.8M |
| Free cash flow | — | — | — | — | — | — |
More on CYPH.
- Cypherpunk Technologies Inc. summary
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- Cypherpunk Technologies Inc. health scores and style box
- Cypherpunk Technologies Inc. earnings
- Cypherpunk Technologies Inc. dividends
- Cypherpunk Technologies Inc. valuation
- Cypherpunk Technologies Inc. ownership and insiders
- Cypherpunk Technologies Inc. peers
Figures from Cypherpunk Technologies Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.