Cypherpunk Technologies Inc. (CYPH)Financial Services | Asset Management | Cambridge, United States | NasdaqCM
2.90 USD
-0.04
(-1.361%) ⇩
(Oct. 12, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:28 a.m. EDT
The investment case here is fundamentally broken. The company has undergone a radical rebranding from Leap Therapeutics to a crypto-focused entity, yet the financial reality is stark: negative free cash flow of nearly $146 million, negative operating cash flow, and a return on equity of -1.2%. The stock has lost 98.8% of its value over the last eight years, trading at a fraction of its historical worth despite the hype surrounding the Zcash pivot. The market has correctly priced this as a distressed asset; the low P/E is a trap for value investors who ignore the deteriorating business quality. With no dividend to provide income and a balance sheet showing significant cash burn, the long-term outlook is bleak. In the short term, the heavy options positioning on the downside suggests smart money is betting on further weakness or waiting for a catalyst that hasn't materialized yet. This is a speculative gamble, not an investment. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.642434 |
| AutoARIMA | 0.642632 |
| AutoETS | 0.643649 |
| AutoTheta | 0.761671 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 22% |
| H-stat | 81.11 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.100 |
| Excess Kurtosis | -1.53 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 0.027 |
| Market Cap | 308,747,008 |
| Trailing P/E | 4.53 |
| Forward P/E | -32.22 |
| Beta | 0.86 |
| Previous Name | Leap Therapeutics, Inc. |
| Website | https://www.cypherpunk.com |
As of Oct. 10, 2026, 3:28 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes $1.0, $1.5, $2.0) expiring in late 2026 and early 2027. While there is some call volume at strikes $5.0 and $7.5, the put/call ratio and the sheer volume of deep OTM puts suggest a 'bear put spread' strategy or hedging against a continued decline rather than a bullish breakout expectation.
| Attribute | Value |
|---|---|
| 52 Week Change | 3.669887 |
| Address1 | 47 Thorndike Street |
| Address2 | Suite B1-1 |
| All Time High | 102.5 |
| All Time Low | 0.222 |
| Ask | 3.72 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 13,054,520 |
| Average Daily Volume3 Month | 10,320,007 |
| Average Volume | 10,320,007 |
| Average Volume10Days | 13,054,520 |
| Beta | 0.858 |
| Bid | 2.24 |
| Bid Size | 2 |
| Book Value | 1.293 |
| City | Cambridge |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 2.9 |
| Current Ratio | 79.188 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 3.23 |
| Day Low | 2.86 |
| Debt To Equity | 0.027 |
| Display Name | Cypherpunk |
| Dividend Yield | 0.0 |
| Earnings Timestamp | 1,786,537,800 |
| Earnings Timestamp End | 1,794,400,200 |
| Earnings Timestamp Start | 1,794,400,200 |
| Ebitda Margins | 0.0 |
| Enterprise Value | 304,930,720 |
| Eps Forward | -0.09 |
| Eps Trailing Twelve Months | 0.64 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 2.13446 |
| Fifty Day Average Change | 0.7655401 |
| Fifty Day Average Change Percent | 0.3586575 |
| Fifty Two Week Change Percent | 366.9887 |
| Fifty Two Week High | 4.19 |
| Fifty Two Week High Change | -1.29 |
| Fifty Two Week High Change Percent | -0.30787587 |
| Fifty Two Week Low | 0.393 |
| Fifty Two Week Low Change | 2.507 |
| Fifty Two Week Low Change Percent | 6.3791347 |
| Fifty Two Week Range | 0.393 - 4.19 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,485,354,600,000 |
| Float Shares | 74,968,448 |
| Forward Eps | -0.09 |
| Forward P E | -32.22222 |
| Free Cashflow | -146,243,504 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 6 |
| Fullday Change | 0.0 |
| Fullday Change Percent | 0.0 |
| Fullday Price | 2.9 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.07296 |
| Held Percent Institutions | 0.37383 |
| Implied Shares Outstanding | 106,464,482 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,687,305,600 |
| Last Split Factor | 1:10 |
| Long Business Summary | Cypherpunk Technologies Inc., a privacy technology company, implements a digital asset strategy anchored by Zcash in the United States. The company is involved in identifying, developing, investing in, acquiring, and building privacy-enhancing technologies; and accumulating digital assets, such as ZCash. It also develops biomarker-targeted antibody therapies for patients with cancer and other diseases comprising DKN-01, a monoclonal antibody that inhibits Dickkopf-related protein 1, which has completed Phase 2 study for the treatment of colorectal cancer; and FL-501, a monoclonal antibody inhibiting the GDF-15 protein, which is in preclinical development to treat cancer cachexia, hyperemesis gravidarum and pregnancy-related nausea and vomiting, and other diseases associated with aging and frailty. The company was formerly known as Leap Therapeutics, Inc. and changed its name to Cypherpunk Technologies Inc. in November 2025. Cypherpunk Technologies Inc. was incorporated in 2011 and is based in Cambridge, Massachusetts. |
| Long Name | Cypherpunk Technologies Inc. |
| Market | us_market |
| Market Cap | 308,747,008 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_118044172 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-13 |
| Net Income To Common | -877,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 389,029,419 |
| Number Of Analyst Opinions | 1 |
| Open | 3.01 |
| Operating Cashflow | -21,058,000 |
| Operating Margins | 0.0 |
| Payout Ratio | 0.0 |
| Phone | 617 714 0360 |
| Pre Market Change | 0.0 |
| Pre Market Change Percent | 0.0 |
| Pre Market Price | 2.9 |
| Pre Market Time | 1,791,887,373 |
| Prev Name | Leap Therapeutics, Inc. |
| Previous Close | 2.94 |
| Price Hint | 4 |
| Price To Book | 2.2428463 |
| Profit Margins | 0.0 |
| Quick Ratio | 78.878 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.04 |
| Regular Market Change Percent | -1.36054 |
| Regular Market Day High | 3.23 |
| Regular Market Day Low | 2.86 |
| Regular Market Day Range | 2.86 - 3.23 |
| Regular Market Open | 3.01 |
| Regular Market Previous Close | 2.94 |
| Regular Market Price | 2.9 |
| Regular Market Time | 1,791,835,201 |
| Regular Market Volume | 8,921,467 |
| Return On Assets | -0.13793999 |
| Return On Equity | -0.01209 |
| Sand P52 Week Change | 0.17318833 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 106,464,482 |
| Shares Percent Shares Out | 0.1248 |
| Shares Short | 13,447,367 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 6,866,341 |
| Short Name | Cypherpunk Technologies Inc. |
| Short Percent Of Float | 0.15529999 |
| Short Ratio | 0.73 |
| Source Interval | 15 |
| State | MA |
| Symbol | CYPH |
| Target High Price | 4.9 |
| Target Low Price | 4.9 |
| Target Mean Price | 4.9 |
| Target Median Price | 4.9 |
| Total Cash | 7,624,000 |
| Total Cash Per Share | 0.071 |
| Total Debt | 38,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.64 |
| Trailing P E | 4.5312505 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 1.15623 |
| Two Hundred Day Average Change | 1.7437701 |
| Two Hundred Day Average Change Percent | 1.5081517 |
| Type Disp | Equity |
| Volume | 8,921,467 |
| Website | https://www.cypherpunk.com |
| Zip | 2,141 |