Cyanotech Corp (CYAN)

0.50 +11.11% (+0.05)

Over 5Y: -83.4%

2026-08-28
2 4
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '21 — Revenue: 7M Q3 '21 — Operating Cash Flow: -222K Q3 '21 — Net Income: 827K Q4 '21 — Revenue: 9.4M Q4 '21 — Operating Cash Flow: 1.5M Q4 '21 — Net Income: -200K Q1 '22 — Revenue: 9M Q1 '22 — Operating Cash Flow: -1.9M Q1 '22 — Net Income: 520K Q2 '22 — Revenue: 9.4M Q2 '22 — Operating Cash Flow: 2.3M Q2 '22 — Net Income: 970K Q3 '22 — Revenue: 9.5M Q3 '22 — Operating Cash Flow: 918K Q3 '22 — Net Income: 386K Q4 '22 — Revenue: 8.1M Q4 '22 — Operating Cash Flow: 1M Q4 '22 — Net Income: 277K Q1 '23 — Revenue: 6.7M Q1 '23 — Operating Cash Flow: -1.3M Q1 '23 — Net Income: -472K Q2 '23 — Revenue: 5.2M Q2 '23 — Operating Cash Flow: -1.2M Q2 '23 — Net Income: -940K Q3 '23 — Revenue: 5.9M Q3 '23 — Operating Cash Flow: -223K Q3 '23 — Net Income: -598K Q4 '23 — Revenue: 5.4M Q4 '23 — Operating Cash Flow: 583K Q4 '23 — Net Income: -1.4M Q1 '24 — Revenue: 5.1M Q1 '24 — Operating Cash Flow: -596K Q1 '24 — Net Income: -1.4M Q2 '24 — Revenue: 6.4M Q2 '24 — Operating Cash Flow: 834K Q2 '24 — Net Income: -797K Q3 '24 — Revenue: 5.6M Q3 '24 — Operating Cash Flow: -1M Q3 '24 — Net Income: -1M Q4 '24 — Revenue: 6M Q4 '24 — Operating Cash Flow: 307K Q4 '24 — Net Income: -2.1M Q1 '25 — Revenue: 5.9M Q1 '25 — Operating Cash Flow: 243K Q1 '25 — Net Income: -1.2M Q2 '25 — Revenue: 5.8M Q2 '25 — Operating Cash Flow: -444K Q2 '25 — Net Income: -1.1M Q3 '25 — Revenue: 6.2M Q3 '25 — Operating Cash Flow: -935K Q3 '25 — Net Income: -224K Q4 '25 — Revenue: 6.3M Q4 '25 — Operating Cash Flow: -57K Q4 '25 — Net Income: -627K Q1 '26 — Revenue: 5.8M Q1 '26 — Operating Cash Flow: -328K Q1 '26 — Net Income: -926K Q2 '26 — Revenue: 7M Q2 '26 — Operating Cash Flow: 108K Q2 '26 — Net Income: 1K 0 2.5M 5M 7.5M 10M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-09-30, reported in USD. The newest fact in the filings is dated 2025-09-30, 334 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

2.5
OE margin -5.3%
Oper. margin -4.2%
ROIC -4.4%
Accruals -2.3%
Gross margin 32.0%
FCF margin -4.8%
OCF margin -4.8%
ROA -7.4%
ROCE -8.7%
ROE -22.0%
Capex / sales —
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.8
RPO / sales 0.0027×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

1.4
ND/EBITDA —
Cash / Debt 0.056×
Debt / Eq 1.4×
F-score 4.0 pts
Quick ratio 0.3×
Cash runway —
Debt payback —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.6
Sales/sh Y/Y -99.9%
Sales Q/Q +19.3%
Shares change +108687.6%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.