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Cyanotech Corp (CYAN)

Cyanotech Corp brought in $25.3M of revenue over the twelve months to September 30, 2025, up 8.5% from a year earlier. It posted a net loss of $1.8M. In fiscal 2025 capital spending exceeded operating cash flow by $1.4M. At September 30, 2025 it held $649K in cash against $4.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 10, 2025.

Watch CYAN in 60 seconds
Price
$0.42
-17.65% on the day · September 28, 2026
52-week range $0.23 to $0.57
Market cap
$3.1M
Revenue (last 12 months)
$25.3M
+8.5% year on year
Net margin
-7.0%

What Cyanotech Corp does

Cyanotech Corp is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker CYAN.

Revenue and profit by year

Revenue
FY18: $34.1M $34.1M FY18FY18: $30.2M $30.2M FY18FY20: $31.9M $31.9M FY20FY21: $32.3M $32.3M FY21FY22: $36M $36M FY22FY23: $23.2M $23.2M FY23FY24: $23.1M $23.1M FY24FY25: $24.2M $24.2M FY25
Net income
FY18: $1M $1M FY18FY18: -$3.6M -$3.6M FY18FY20: $387K $387K FY20FY21: $920K $920K FY21FY22: $2.2M $2.2M FY22FY23: -$3.4M -$3.4M FY23FY24: -$5.3M -$5.3M FY24FY25: -$3.2M -$3.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$24.2M-$2.5M-$3.2M-$0.45-$1.4M
2024$23.1M-$4.6M-$5.3M-$0.81-$836K
2023$23.2M-$2.9M-$3.4M-$0.55-$3.2M
2022$36M$2.6M$2.2M$0.35$1.1M
2021$32.3M$84K$920K$0.15$1.6M
2020$31.9M$1.1M$387K$0.06$1M

Full financial statements: income, balance sheet and cash flow

Where CYAN ranks in Health care

Revenue$24.2M
#458 of 742 in Health care · Bottom 38%
Revenue growth+5.0%
#352 of 529 in Health care · Bottom 34%
Net margin-13.2%
#300 of 541 in Health care · Bottom 45%
Free cash flow margin-5.9%
#281 of 488 in Health care · Bottom 43%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Cyanotech Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. February 13, 2026
  2. February 13, 2026
  3. February 3, 2026
  4. January 9, 2026
  5. November 10, 2025
    Quarterly report 10-Q · period to September 30, 2025Revenue rose 19% to $7M versus the same quarter last year; diluted EPS $0.00 versus -$0.16.
  6. September 2, 2025
  7. August 22, 2025
  8. August 6, 2025
    Quarterly report 10-Q · period to June 30, 2025Revenue fell 1.3% to $5.8M versus the same quarter last year; diluted EPS -$0.13 versus -$0.17.
  9. July 10, 2025
  10. July 10, 2025

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 16, 2025. Insider transactions on SEC

Insider trades

What the people running Cyanotech Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about CYAN

What does Cyanotech Corp do?

Cyanotech Corp is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker CYAN.

Is Cyanotech Corp profitable?

No. Over the twelve months to September 30, 2025 it reported a net loss of $1.8M on revenue of $25.3M.

How much revenue does Cyanotech Corp make?

Over the twelve months to September 30, 2025 Cyanotech Corp reported revenue of $25.3M. That is 8.5% more than a year earlier.

When did Cyanotech Corp last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 10, 2025. It covers the period to September 30, 2025. Its newest filing of any kind is the deregistration from February 13, 2026.

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Where the numbers come from

Financial figures are the values Cyanotech Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.