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Cypherpunk Technologies Inc. (CYPH)

Financial Services | Asset Management | Cambridge, United States | NasdaqCM
0.87 USD -0.02 (-2.695%) ⇩ (April 17, 2026, 4 p.m. EDT)
After hours: 0.88 +0.00 (0.332%) ⇧ (April 17, 2026, 7 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 12:08 a.m. EDT

Despite a -5% short-term forecast and deteriorating fundamentals (negative operating cash flow, -21% ROA), the options positioning tells a story of aggressive retail speculation betting on the 'Zcash rebrand' narrative. The lack of put protection combined with heavy out-of-the-money call OI at $4.00+ suggests the market is pricing in a potential multi-bagger event over the coming months, treating the stock as a high-risk lottery ticket rather than a value play, regardless of the persistent cash burn.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.269726
AutoETS0.285949
AutoARIMA0.339108
AutoTheta0.546970

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 80%
H-stat 0.68
Ljung-Box p 0.000
Jarque-Bera p 0.569
Excess Kurtosis -0.05
Attribute Value
Sector Financial Services
Debt to Equity Ratio 0.025
Market Cap 78,624,184
Trailing P/E 12.48
Beta -0.22
Previous Name Leap Therapeutics, Inc.
Website https://www.cypherpunk.com

As of April 19, 2026, 12:08 a.m. EDT: Options markets show a distinct bullish skew despite the forecasting model prediction of downside (-5.2%). In the June 2026 expiration, Open Interest is heavily skewed toward deep-out-of-the-money calls at $4.0 and $5.0 strikes, representing the 'Top OI', suggesting a speculative bet on a massive re-imagining of the stock's value if the Zcash rebrand succeeds. Put volume and OI are significantly lower, concentrated only at the $0.50 strike, indicating minimal protection buying by speculators. The low OTM Put OI percentage (0.27% for June) versus high Call OTM OI (19k) signals that retail sentiment is positioning for a move much larger than what is traditionally implied by the strike distribution.


Info Dump

Attribute Value
52 Week Change 1.4277778
Address1 47 Thorndike Street
Address2 Suite B1-1
All Time High 102.5
All Time Low 0.222
Ask 1.12
Ask Size 2
Average Daily Volume10 Day 2,967,690
Average Daily Volume3 Month 2,321,860
Average Volume 2,321,860
Average Volume10Days 2,967,690
Beta -0.223
Bid 0.6597
Bid Size 2
Book Value 1.831
City Cambridge
Compensation As Of Epoch Date 1,735,603,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 0.8738
Current Ratio 35.56
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 0.9583
Day Low 0.8601
Debt To Equity 0.025
Display Name Cypherpunk
Earnings Timestamp 1,773,691,200
Earnings Timestamp End 1,778,702,400
Earnings Timestamp Start 1,778,702,400
Ebitda -36,692,000
Ebitda Margins 0.0
Enterprise To Ebitda -1.761
Enterprise Value 64,627,192
Eps Trailing Twelve Months 0.07
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 0.71222
Fifty Day Average Change 0.16157997
Fifty Day Average Change Percent 0.22686805
Fifty Two Week Change Percent 142.77777
Fifty Two Week High 3.7
Fifty Two Week High Change -2.8262
Fifty Two Week High Change Percent -0.7638378
Fifty Two Week Low 0.232
Fifty Two Week Low Change 0.6418
Fifty Two Week Low Change Percent 2.7663794
Fifty Two Week Range 0.232 - 3.7
Financial Currency USD
First Trade Date Milliseconds 1,485,354,600,000
Float Shares 72,634,248
Free Cashflow -174,597,632
Full Exchange Name NasdaqCM
Full Time Employees 6
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.08698
Held Percent Institutions 0.19544001
Implied Shares Outstanding 89,979,619
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 78,624,184
Market State PREPRE
Max Age 86,400
Message Board Id finmb_118044172
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Net Income To Common 4,822,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 78,624,191
Open 0.89
Operating Cashflow -43,902,000
Operating Margins 0.0
Payout Ratio 0.0
Phone 617 714 0360
Post Market Change 0.0029000044
Post Market Change Percent 0.33188424
Post Market Price 0.8767
Post Market Time 1,776,466,838
Prev Name Leap Therapeutics, Inc.
Previous Close 0.898
Price Hint 4
Price To Book 0.47722554
Profit Margins 0.0
Quick Ratio 35.551
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0242
Regular Market Change Percent -2.69488
Regular Market Day High 0.9583
Regular Market Day Low 0.8601
Regular Market Day Range 0.8601 - 0.9583
Regular Market Open 0.89
Regular Market Previous Close 0.898
Regular Market Price 0.8738
Regular Market Time 1,776,456,001
Regular Market Volume 1,713,129
Return On Assets -0.21606001
Return On Equity 0.051149998
Sand P52 Week Change 0.38150132
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 89,979,619
Shares Percent Shares Out 0.1137
Shares Short 10,234,264
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 11,430,831
Short Name Cypherpunk Technologies Inc.
Short Percent Of Float 0.1328
Short Ratio 4.85
Source Interval 15
State MA
Symbol CYPH
Total Cash 14,035,000
Total Cash Per Share 0.156
Total Debt 38,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.07
Trailing P E 12.482857
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 0.73698
Two Hundred Day Average Change 0.13681996
Two Hundred Day Average Change Percent 0.18564948
Type Disp Equity
Volume 1,713,129
Website https://www.cypherpunk.com
Zip 2,141