CYPH
Cypherpunk Technologies Inc.
There isn't enough reported data to score CYPH yet.
NVO
Novo Nordisk A/S
NVO's fundamentals are mixed: it turned 15% of its revenue into free cash flow, but its operating margin fell 3 points to 43%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CYPH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Unavailable | |
| Unavailable |
CYPH's revenue is currently stable, but its profitability is under pressure. There isn't enough data to rate its cash flow and balance sheet.
NVO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
CYPH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.5x | $1.95 | — |
| Cheap | 3.7x | $2.09 | +7.4% |
| Fair | 5.4x | $3.00 | +54% |
| Forward | 5.6x | $1.95 | — |
| Expensive | 13x | $7.33 | +276% |
Historical ranges are pointers, not guarantees.
CYPH's PE is 3.5x, but its earnings don't support one, so it isn't a reliable read right now.
NVO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 10x | $40.65 | — |
| Cheap | 14x | $53.56 | +32% |
| Fair | 27x | $103 | +154% |
| Expensive | 39x | $152 | +273% |
Historical ranges are pointers, not guarantees.
NVO has the edge over CYPH in the historical PE scenario, which offers more potential upside but is not a forecast.
CYPH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Returning to profit | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect CYPH to return to profit, with revenue growing.
NVO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect NVO's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
CYPH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.35 | -37% |
| Q2 2026 | $0.56 | +$2.11 |
| Q1 2026 | -$0.02 | +$1.65 |
| Q4 2025 | $0.07 | +$1.88 |
| Q3 2023 | -$5.72 | -$1.12 |
| Q2 2023 | -$6.51 | -$1.81 |
| Q1 2023 | -$7.10 | -$2.70 |
| Q4 2022 | -$4.80 | -$0.10 |
CYPH has returned to profit: it earned $0.56 per share over the past year, after losing money the year before.
NVO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.89 | +4.9% |
| Q1 2026 | $4.07 | +17% |
| Q4 2025 | $3.42 | +1.8% |
| Q3 2025 | $3.47 | +10% |
| Q2 2025 | $3.71 | +24% |
| Q1 2025 | $3.49 | +18% |
| Q4 2024 | $3.36 | +21% |
| Q3 2024 | $3.15 | +27% |
NVO has the edge over CYPH on earnings, with more consistent year-over-year improvement.
CYPH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2021 | $375K | 0% |
| Q3 2021 | $375K | 0% |
| Q2 2021 | $375K | 0% |
| Q1 2021 | $375K | 0% |
NVO has the stronger quarterly revenue trend. Revenue is flat for CYPH versus up 2.1% for NVO.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2021 | -2797% | -889 points |
| Q3 2021 | -3237% | -1235 points |
| Q2 2021 | -2567% | -568 points |
| Q1 2021 | -2446% | -744 points |
| Q4 2020 | -1908% | N/A |
| Q3 2020 | -2002% | N/A |
| Q2 2020 | -1999% | N/A |
| Q1 2020 | -1702% | N/A |
CYPH's operating margin was −2797% last quarter, down 889 points from the same quarter a year ago.
NVO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $11.7B | +2.1% |
| Q1 2026 | $14.4B | +24% |
| Q4 2025 | $11.8B | -7.6% |
| Q3 2025 | $11.1B | +5.1% |
| Q2 2025 | $11.4B | +13% |
| Q1 2025 | $11.6B | +19% |
| Q4 2024 | $12.7B | +30% |
| Q3 2024 | $10.6B | +21% |
NVO's revenue is growing: $11.7B last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 34% | -9 points |
| Q1 2026 | 62% | +12 points |
| Q4 2025 | 40% | -2.8 points |
| Q3 2025 | 32% | -16 points |
| Q2 2025 | 44% | +5.4 points |
| Q1 2025 | 50% | +1 points |
| Q4 2024 | 43% | +2.2 points |
| Q3 2024 | 47% | +1.6 points |
NVO's operating margin was 34% last quarter, down 9 points from the same quarter a year ago, near the bottom of its range since 2019.
CYPH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.7M | +$11.8M |
| Q1 2026 | -$3.4M | +$11.1M |
| Q4 2025 | -$6.6M | +$8.9M |
| Q3 2025 | -$8.3M | +$7.3M |
| Q2 2025 | -$14.5M | -$815K |
| Q1 2025 | -$14.5M | +$1M |
| Q4 2024 | -$15.5M | -$5.1M |
| Q3 2024 | -$15.6M | -$5.1M |
CYPH has burned cash in almost every quarter: −$21M over the past year, against −$60M the year before.
NVO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $6.3B | +73% |
| Q1 2026 | $1.8B | +20% |
| Q4 2025 | -$5.4B | -$4.7B |
| Q3 2025 | $4.6B | -2.1% |
| Q2 2025 | $3.6B | -34% |
| Q1 2025 | $1.5B | +89% |
| Q4 2024 | -$632.6M | +$390.5M |
| Q3 2024 | $4.7B | +3.3% |
NVO has the edge over CYPH on cash generation, producing positive trailing cash flow while its opponent burns cash.
CYPH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +29% | +49.2M shares |
| 1 year | +427% | +176M shares |
| 3 years | +1819% | +206M shares |
| 5 years | +2748% | +210M shares |
CYPH has 217M diluted shares, up 427% from a year ago.
NVO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -12.9M shares |
| 1 year | -0.2% | -11M shares |
| 3 years | -1.5% | -66.8M shares |
| 5 years | -3.8% | -177M shares |
| Available history | -6.5% | -311M shares |
NVO has the edge over CYPH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $520M |
| Q1 2026 | $356.7M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $206.3M |
| Q4 2024 | $1.1B |
| Q3 2024 | $357.4M |
NVO spent $877M buying back its own shares over the past year, down 48% from the year before.
CYPH Net Leverage
NVO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | -0.0x | Very low |
NVO's net debt is less than a year of its operating earnings (EBITDA).
CYPH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 55.7 | Neutral |
CYPH's weekly RSI is 50 (neutral) and its Stochastic is 56 (neutral).
NVO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 27.0 | Neutral |
NVO's weekly RSI is 43 (neutral) and its Stochastic is 27 (neutral).
CYPH PE vs Healthcare Sector
| Metric | CYPH | Sector median | Relative |
|---|---|---|---|
| PE | 3.5x | 26x | 87% below |
| PE % | 14 | 29 | 15 pts below |
CYPH has the edge over NVO on valuation relative to its sector.
NVO PE vs Healthcare Sector
| Metric | NVO | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 26x | 60% below |
| PE % | 6 | 29 | 23 pts below |
NVO is trading at 10x earnings, a 60% discount to the Healthcare sector's median of 26x, though its earnings don't support one.
CYPH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.91 | 33% below |
| 20 week MA | $1.97 | 1% below |
| 50 week MA | $1.32 | 48% above |
| 100 week MA | $1.06 | 84% above |
| 200 week MA | $2.12 | 8% below |
CYPH has the edge over NVO on trend strength, trading above more of its moving averages.
NVO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.2 | 3.7% above |
| 20 week MA | $43.9 | 7.4% below |
| 50 week MA | $45.3 | 10% below |
| 100 week MA | $56.3 | 28% below |
| 200 week MA | $80.7 | 50% below |
NVO has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 50% below its 200-week average.
CYPH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.0 | $22.2 | +102% |
| 2021 | $22.2 | $29.5 | +33% |
| 2022 | $29.5 | $4.70 | -84% |
| 2023 | $4.70 | $4.14 | -12% |
| 2024 | $4.14 | $2.95 | -29% |
| 2025 | $2.95 | $1.20 | -59% |
| 2026 YTD | $1.20 | $1.95 | +63% |
CYPH has the edge over NVO on returns for 2026, with the stronger performance.
NVO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.1 | $34.7 | +19% |
| 2021 | $34.7 | $54.2 | +56% |
| 2022 | $54.2 | $67.0 | +24% |
| 2023 | $67.0 | $103.5 | +54% |
| 2024 | $103.5 | $87.4 | -16% |
| 2025 | $87.4 | $52.4 | -40% |
| 2026 YTD | $52.4 | $40.7 | -22% |
NVO has finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.