---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-060686"
form_type: "8-K"
ticker: "CYPH"
cik: "0001509745"
company_name: "CYPHERPUNK TECHNOLOGIES INC."
filed_at: "2026-05-14T11:10:29+00:00"
generated_at: "2026-05-14T11:16:27.806269+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cypherpunk Q1 net loss $77.2M as $77.6M unrealized ZEC loss hits earnings

## Summary
- Net loss $77.2M vs $15.4M YoY; $77.6M unrealized loss on ZEC marked to market.
- ZEC price fell from $508.09 to $240.47 in Q1; ZEC holdings valued at $73.8M on March 31.
- ZEC treasury increased to 314,185.70 ZEC (1.88% of circulating supply), avg cost $337.86.
- Invested $5M into Zcash Open Development Labs (ZODL) alongside a16z, Coinbase, Paradigm.
- FDA granted Fast Track designation for sirexatamab in DKK1-high metastatic colorectal cancer.

## SEC filing metadata
- accession: 0001104659-26-060686
- form_type: 8-K
- ticker: CYPH
- cik: 0001509745
- company_name: CYPHERPUNK TECHNOLOGIES INC.
- filed_at: 2026-05-14T11:10:29+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509745/000110465926060686/0001104659-26-060686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509745/000110465926060686/tm2614533d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-060686
- JSON: https://secwatch.observer/filing/0001104659-26-060686.json
- Plain text: https://secwatch.observer/filing/0001104659-26-060686.txt

## Key facts
- Earnings Releases
  CYPHERPUNK TECHNOLOGIES INC. reported first quarter ended March 31, 2026 results: net income Net loss was $77.2 million for the first quarter 2026.
  - Period: first quarter ended March 31, 2026
  - Net income: Net loss was $77.2 million for the first quarter 2026
  - Result: reported results
  source text: Cypherpunk Technologies Inc., (Nasdaq: CYPH) ("Cypherpunk"), today reported financial results for the first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509745/000110465926060686/0001104659-26-060686-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.