Symbols / CYAN
CYAN Chart
About
Cyanotech Corporation, an agricultural company, engages in the production and sale of natural ingredients and dietary supplement products from microalgae for health and wellness markets. The company offers BioAstin Hawaiian Astaxanthin, a natural antioxidant to enhance skin, and to support eye, joint, brain, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement to support natural energy, immune system, and cardiovascular health, as well as a source of protein, antioxidant carotenoids, and essential nutrients. It also provides contract extraction, and research and development services. The company sells its products through distributors, retailers, and online channels; direct to consumers; and in bulk form to manufacturers, formulators, and distributors in the health food, cosmetic manufacturers and nutraceuticals, and dietary supplement markets. It operates in the United States, the Asia-Pacific, Europe, and internationally. Cyanotech Corporation was incorporated in 1983 and is headquartered in Kailua-Kona, Hawaii.
Fundamentals
Scroll to Statements| Sector | Consumer Defensive | Industry | Packaged Foods | Market Cap | 3.44M |
| Enterprise Value | 15.13M | Income | -1.78M | Sales | 25.27M |
| Book/sh | 1.09 | Cash/sh | 0.09 | Dividend Yield | — |
| Payout | 0.00% | Employees | 83 | IPO | May 21, 1991 |
| P/E | — | Forward P/E | — | PEG | — |
| P/S | 0.14 | P/B | 0.43 | P/C | — |
| EV/EBITDA | 29.37 | EV/Sales | 0.60 | Quick Ratio | 0.25 |
| Current Ratio | 1.00 | Debt/Eq | 148.84 | LT Debt/Eq | — |
| EPS (ttm) | -0.24 | EPS next Y | — | EPS Growth | — |
| Revenue Growth | 19.40% | Earnings | 2005-11-03 17:00 | ROA | -2.46% |
| ROE | -20.00% | ROIC | — | Gross Margin | 32.44% |
| Oper. Margin | 2.72% | Profit Margin | -7.03% | Shs Outstand | 7.39M |
| Shs Float | 4.84M | Short Float | 0.00% | Short Ratio | 0.02 |
| Short Interest | — | 52W High | 0.57 | 52W Low | 0.21 |
| Beta | -0.29 | Avg Volume | 9.19K | Volume | 18.95K |
| Target Price | — | Recom | None | Prev Close | $0.47 |
| Price | $0.47 | Change | -1.06% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
—
Mean price target
2. Current target
$0.47
Latest analyst target
3. DCF / Fair value
$-0.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.47
Low
—
High
—
Mean
—
- Cyanotech (CYAN) Is Spiking Again – But What Are You Really Buying? - AD HOC NEWS Mon, 23 Feb 2026 12
- cyan AG's (ETR:CYR) Intrinsic Value Is Potentially 98% Above Its Share Price - Yahoo Finance Mon, 19 Jan 2026 08
- Optimistic Investors Push CyanConnode Holdings plc (LON:CYAN) Shares Up 30% But Growth Is Lacking - simplywall.st Fri, 28 Nov 2025 08
- Tech Stock Rally Loses Steam in Late-Day Selloff: Markets Wrap - Bloomberg Fri, 03 Oct 2025 07
- This Stock Has Already Doubled in 2026, but Is It a Buy? - 24/7 Wall St. Mon, 12 Jan 2026 08
- Cyanotech Corp (CYAN): Tiny Algae Stock, Massive Hype – Is This a Sleeper Moonshot or Total Flop? - AD HOC NEWS Mon, 16 Feb 2026 08
- Stocks Rise on Bets Fed Will Look Past Sticky CPI: Markets Wrap - Bloomberg Sun, 07 Sep 2025 07
- UK Penny Stocks Under £400M Market Cap: 3 Promising Picks - simplywall.st ue, 03 Feb 2026 08
- Can Intel Stock Realistically Reach $43—or is That A Pipe Dream? - 24/7 Wall St. Mon, 29 Sep 2025 07
- Stocks Rally on Bets Shutdown Endgame Is in Sight: Markets Wrap - Bloomberg Sun, 09 Nov 2025 08
- The Truth About Cyanotech Corp: Is This Tiny Algae Stock About To Go Viral Or Vanish? - AD HOC NEWS Sun, 08 Feb 2026 08
- Wall Street Rattled Anew by US-China Trade Worries: Markets Wrap - Bloomberg ue, 14 Oct 2025 07
- Stocks Hit Highs as CPI Gives Fed All-Clear to Cut: Markets Wrap - Bloomberg Fri, 24 Oct 2025 07
- S&P 500, Nasdaq, Dow and Russell 2000 Hit Records: Markets Wrap - Bloomberg hu, 18 Sep 2025 07
- Stocks Fall as Dismal Jobs Spur Rush to Treasuries: Markets Wrap - Bloomberg Fri, 05 Sep 2025 07
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 50000 | — | — | DAVIS MICHAEL A | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-08-28 00:00:00 | I | nan |
| 1 | 50000 | — | — | MULDER DAVID M | Director | — | 2025-08-28 00:00:00 | D | nan |
| 2 | 50000 | — | — | VIED DAVID L | Director | — | 2025-08-28 00:00:00 | D | nan |
| 3 | 1577 | — | — | CYSEWSKI GERALD R | Officer | — | 2025-07-29 00:00:00 | D | nan |
| 4 | 1642 | — | — | JENSEN GLENN D | Officer | — | 2025-07-29 00:00:00 | D | nan |
| 5 | 1380 | — | — | JOHANSEN JENNIFER M. | Officer | — | 2025-07-29 00:00:00 | D | nan |
| 6 | 1502 | — | — | NORDIN AMY BETH | Officer | — | 2025-07-29 00:00:00 | D | nan |
| 7 | 2075 | — | — | CUSTER MATTHEW KEITH | Chief Executive Officer | — | 2025-07-29 00:00:00 | D | nan |
| 8 | 33 | — | — | CYSEWSKI GERALD R | Officer | — | 2025-04-07 00:00:00 | D | nan |
| 9 | 33 | — | — | JENSEN GLENN D | Officer | — | 2025-04-07 00:00:00 | D | nan |
Financials
| Line Item | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.01 |
| NormalizedEBITDA | -629.00K | -2.51M | -825.00K | 4.50M |
| TotalUnusualItems | 0.00 | 0.00 | 1.39M | |
| TotalUnusualItemsExcludingGoodwill | 0.00 | 0.00 | 1.39M | |
| NetIncomeFromContinuingOperationNetMinorityInterest | -3.20M | -5.27M | -3.44M | 2.15M |
| ReconciledDepreciation | 1.88M | 2.08M | 2.10M | 1.92M |
| ReconciledCostOfRevenue | 17.34M | 17.13M | 15.92M | 22.40M |
| EBITDA | -629.00K | -2.51M | -825.00K | 4.50M |
| EBIT | -2.51M | -4.59M | -2.92M | 2.57M |
| NetInterestIncome | -687.00K | -668.00K | -502.00K | -392.00K |
| InterestExpense | 687.00K | 668.00K | 502.00K | 392.00K |
| NormalizedIncome | -3.20M | -5.27M | -3.44M | 2.15M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -3.20M | -5.27M | -3.44M | 2.15M |
| TotalExpenses | 26.72M | 27.66M | 26.10M | 33.39M |
| TotalOperatingIncomeAsReported | -2.51M | -4.59M | -2.92M | 2.57M |
| DilutedAverageShares | 7.07M | 6.53M | 6.24M | 6.17M |
| BasicAverageShares | 7.07M | 6.53M | 6.24M | 6.16M |
| DilutedEPS | -0.45 | -0.81 | -0.55 | 0.35 |
| BasicEPS | -0.45 | -0.81 | -0.55 | 0.35 |
| DilutedNIAvailtoComStockholders | -3.20M | -5.27M | -3.44M | 2.15M |
| AverageDilutionEarnings | 0.00 | 0.00 | ||
| NetIncomeCommonStockholders | -3.20M | -5.27M | -3.44M | 2.15M |
| NetIncome | -3.20M | -5.27M | -3.44M | 2.15M |
| NetIncomeIncludingNoncontrollingInterests | -3.20M | -5.27M | -3.44M | 2.15M |
| NetIncomeContinuousOperations | -3.20M | -5.27M | -3.44M | 2.15M |
| TaxProvision | 8.00K | 7.00K | 18.00K | 28.00K |
| PretaxIncome | -3.19M | -5.26M | -3.42M | 2.18M |
| OtherIncomeExpense | 1.39M | |||
| SpecialIncomeCharges | 0.00 | 0.00 | 1.39M | |
| OtherSpecialCharges | -1.39M | |||
| NetNonOperatingInterestIncomeExpense | -687.00K | -668.00K | -502.00K | -392.00K |
| InterestExpenseNonOperating | 687.00K | 668.00K | 502.00K | 392.00K |
| OperatingIncome | -2.51M | -4.59M | -2.92M | 2.57M |
| OperatingExpense | 9.38M | 10.54M | 10.18M | 10.99M |
| ResearchAndDevelopment | 449.00K | 689.00K | 770.00K | 712.00K |
| SellingGeneralAndAdministration | 8.94M | 9.85M | 9.41M | 10.28M |
| SellingAndMarketingExpense | 4.54M | 5.38M | 4.75M | 4.91M |
| GeneralAndAdministrativeExpense | 4.40M | 4.46M | 4.66M | 5.37M |
| OtherGandA | 4.40M | 4.46M | 4.66M | 5.37M |
| GrossProfit | 6.88M | 5.95M | 7.26M | 13.57M |
| CostOfRevenue | 17.34M | 17.13M | 15.92M | 22.40M |
| TotalRevenue | 24.21M | 23.07M | 23.18M | 35.97M |
| OperatingRevenue | 24.21M | 23.07M | 23.18M | 35.97M |
| Line Item | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 7.20M | 6.95M | 6.27M | 6.20M |
| ShareIssued | 7.20M | 6.95M | 6.27M | 6.20M |
| NetDebt | 7.39M | 5.92M | 5.43M | 2.24M |
| TotalDebt | 11.56M | 10.90M | 11.17M | 8.61M |
| TangibleBookValue | 8.88M | 11.81M | 16.35M | 19.49M |
| InvestedCapital | 16.53M | 18.44M | 22.76M | 24.31M |
| WorkingCapital | 302.00K | 2.04M | 5.39M | 11.44M |
| NetTangibleAssets | 8.88M | 11.81M | 16.35M | 19.49M |
| CapitalLeaseObligations | 3.92M | 4.27M | 4.76M | 3.78M |
| CommonStockEquity | 8.88M | 11.81M | 16.35M | 19.49M |
| TotalCapitalization | 9.88M | 12.81M | 17.35M | 23.82M |
| TotalEquityGrossMinorityInterest | 8.88M | 11.81M | 16.35M | 19.49M |
| StockholdersEquity | 8.88M | 11.81M | 16.35M | 19.49M |
| RetainedEarnings | -26.10M | -22.90M | -17.63M | -14.19M |
| AdditionalPaidInCapital | 34.84M | 34.58M | 33.86M | 33.56M |
| CapitalStock | 144.00K | 139.00K | 125.00K | 124.00K |
| CommonStock | 144.00K | 139.00K | 125.00K | 124.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 14.61M | 13.30M | 13.38M | 12.56M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.36M | 4.74M | 5.28M | 7.74M |
| OtherNonCurrentLiabilities | 3.00K | 15.00K | 32.00K | |
| LongTermDebtAndCapitalLeaseObligation | 4.36M | 4.74M | 5.28M | 7.72M |
| LongTermCapitalLeaseObligation | 3.36M | 3.74M | 4.28M | 3.39M |
| LongTermDebt | 1.00M | 1.00M | 1.00M | 4.34M |
| CurrentLiabilities | 10.24M | 8.55M | 8.10M | 4.82M |
| CurrentDeferredLiabilities | 110.00K | 198.00K | 89.00K | 164.00K |
| CurrentDeferredRevenue | 110.00K | 198.00K | 89.00K | 164.00K |
| CurrentDebtAndCapitalLeaseObligation | 7.20M | 6.16M | 5.89M | 883.00K |
| CurrentCapitalLeaseObligation | 555.00K | 530.00K | 483.00K | 393.00K |
| CurrentDebt | 6.65M | 5.63M | 5.41M | 490.00K |
| OtherCurrentBorrowings | 2.89M | 3.14M | 3.37M | 490.00K |
| LineOfCredit | 3.76M | 2.49M | 2.04M | 0.00 |
| PensionandOtherPostRetirementBenefitPlansCurrent | 355.00K | 327.00K | 393.00K | 392.00K |
| PayablesAndAccruedExpenses | 2.58M | 1.87M | 1.73M | 3.38M |
| CurrentAccruedExpenses | 360.00K | 430.00K | 708.00K | 1.02M |
| InterestPayable | 22.00K | 32.00K | 30.00K | |
| Payables | 2.22M | 1.44M | 1.02M | 2.36M |
| AccountsPayable | 2.22M | 1.44M | 1.02M | 2.36M |
| TotalAssets | 23.49M | 25.11M | 29.73M | 32.05M |
| TotalNonCurrentAssets | 12.95M | 14.52M | 16.23M | 15.78M |
| OtherNonCurrentAssets | 116.00K | 128.00K | 90.00K | 109.00K |
| NetPPE | 12.83M | 14.39M | 16.14M | 15.67M |
| AccumulatedDepreciation | -31.15M | -29.36M | -27.32M | -25.27M |
| GrossPPE | 43.98M | 43.76M | 43.46M | 40.94M |
| Leases | 15.14M | 15.07M | 15.04M | 14.75M |
| ConstructionInProgress | 283.00K | 211.00K | 219.00K | 848.00K |
| OtherProperties | 28.14M | 28.05M | 27.80M | 24.95M |
| MachineryFurnitureEquipment | 419.00K | 419.00K | 407.00K | 394.00K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 10.54M | 10.59M | 13.50M | 16.26M |
| OtherCurrentAssets | 547.00K | 469.00K | 484.00K | 545.00K |
| PrepaidAssets | 545.00K | 488.00K | ||
| Inventory | 7.79M | 7.31M | 10.71M | 9.47M |
| FinishedGoods | 5.38M | 3.66M | 6.50M | 4.59M |
| WorkInProcess | 1.50M | 2.19M | 2.05M | 2.87M |
| RawMaterials | 911.00K | 1.46M | 2.16M | 2.00M |
| Receivables | 1.95M | 2.10M | 1.33M | 3.66M |
| AccountsReceivable | 1.95M | 2.10M | 1.33M | 3.66M |
| AllowanceForDoubtfulAccountsReceivable | -16.00K | -11.00K | -64.00K | -67.00K |
| GrossAccountsReceivable | 1.97M | 2.11M | 1.40M | 3.73M |
| CashCashEquivalentsAndShortTermInvestments | 257.00K | 707.00K | 974.00K | 2.59M |
| CashAndCashEquivalents | 257.00K | 707.00K | 974.00K | 2.59M |
| CashFinancial | 257.00K | 707.00K | 974.00K | 2.59M |
| Line Item | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| FreeCashFlow | -1.44M | -836.00K | -3.17M | 1.11M |
| RepaymentOfDebt | -746.00K | -816.00K | -1.14M | -2.23M |
| IssuanceOfDebt | 1.75M | 1.02M | 2.70M | 0.00 |
| IssuanceOfCapitalStock | 0.00 | 388.00K | 0.00 | 0.00 |
| CapitalExpenditure | -247.00K | -381.00K | -1.07M | -1.27M |
| InterestPaidSupplementalData | 630.00K | 583.00K | 408.00K | 342.00K |
| IncomeTaxPaidSupplementalData | 8.00K | 6.00K | 32.00K | 2.00K |
| EndCashPosition | 257.00K | 707.00K | 974.00K | 2.59M |
| BeginningCashPosition | 707.00K | 974.00K | 2.59M | 3.77M |
| ChangesInCash | -450.00K | -267.00K | -1.61M | -1.18M |
| FinancingCashFlow | 990.00K | 569.00K | 1.55M | -2.29M |
| CashFlowFromContinuingFinancingActivities | 990.00K | 569.00K | 1.55M | -2.29M |
| NetOtherFinancingCharges | -14.00K | -28.00K | -10.00K | -52.00K |
| NetCommonStockIssuance | 0.00 | 388.00K | 0.00 | 0.00 |
| CommonStockIssuance | 0.00 | 388.00K | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | 1.00M | 209.00K | 1.56M | -2.23M |
| NetShortTermDebtIssuance | 1.27M | 450.00K | 2.04M | -1.00M |
| ShortTermDebtPayments | -480.00K | -575.00K | -660.00K | -1.00M |
| ShortTermDebtIssuance | 1.75M | 1.02M | 2.70M | 0.00 |
| NetLongTermDebtIssuance | -266.00K | -241.00K | -477.00K | -1.24M |
| LongTermDebtPayments | -266.00K | -241.00K | -477.00K | -1.24M |
| LongTermDebtIssuance | 0.00 | 0.00 | 1.38M | |
| InvestingCashFlow | -247.00K | -381.00K | -1.07M | -1.27M |
| CashFlowFromContinuingInvestingActivities | -247.00K | -381.00K | -1.07M | -1.27M |
| NetPPEPurchaseAndSale | -247.00K | -381.00K | -1.07M | -1.27M |
| PurchaseOfPPE | -247.00K | -381.00K | -1.07M | -1.27M |
| OperatingCashFlow | -1.19M | -455.00K | -2.10M | 2.38M |
| CashFlowFromContinuingOperatingActivities | -1.19M | -455.00K | -2.10M | 2.38M |
| ChangeInWorkingCapital | -151.00K | 2.36M | -1.17M | -2.15M |
| ChangeInOtherWorkingCapital | -88.00K | 109.00K | -75.00K | 40.00K |
| ChangeInOtherCurrentLiabilities | -374.00K | -487.00K | -464.00K | -349.00K |
| ChangeInPayablesAndAccruedExpense | 719.00K | 138.00K | -1.73M | 210.00K |
| ChangeInAccruedExpense | -2.00K | -329.00K | -311.00K | 568.00K |
| ChangeInPayable | 721.00K | 467.00K | -1.42M | -358.00K |
| ChangeInAccountPayable | 721.00K | 467.00K | -1.42M | -358.00K |
| ChangeInPrepaidAssets | -79.00K | 2.00K | 60.00K | -74.00K |
| ChangeInInventory | -473.00K | 3.39M | -1.23M | -717.00K |
| ChangeInReceivables | 144.00K | -793.00K | 2.27M | -1.26M |
| ChangesInAccountReceivables | 144.00K | -793.00K | 2.27M | -1.26M |
| OtherNonCashItems | 25.00K | -13.00K | 40.00K | 57.00K |
| StockBasedCompensation | 247.00K | 359.00K | 310.00K | 344.00K |
| ProvisionandWriteOffofAssets | 5.00K | 22.00K | 64.00K | 35.00K |
| AssetImpairmentCharge | 5.00K | 0.00 | 5.00K | 21.00K |
| DepreciationAmortizationDepletion | 1.88M | 2.08M | 2.10M | 1.92M |
| DepreciationAndAmortization | 1.88M | 2.08M | 2.10M | 1.92M |
| Depreciation | 1.88M | 2.08M | 2.10M | 1.92M |
| OperatingGainsLosses | -1.39M | |||
| NetIncomeFromContinuingOperations | -3.20M | -5.27M | -3.44M | 2.15M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for CYAN
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|