What is Gryphon Digital's earnings per share (EPS)?

Gryphon Digital (GRYP) reported diluted earnings per share of $-0.17 for fiscal year 2025. This represents a -134.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Gryphon Digital Financials

GRYP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Gryphon Digital (GRYP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GRYP FY2025 2026-04-22

Expansion is being financed externally as revenue scales faster than cash generation and short-term liquidity tightens sharply.

From FY2024 to FY2025, revenue nearly tripled and gross margin rose from 44.8% to 50.3%. Yet operating cash outflow was still -$79.6M and financing inflow surged to $481.7M, showing better unit economics did not translate into self-funded growth and the expansion remains capital-market financed.

The liquidity posture reversed: current ratio moved from 3.0x in FY2024 to 0.1x in FY2025. At the same time, total liabilities expanded to $580.7M from $91.3M, so the company now carries a much larger obligation stack with far less short-term coverage than a year earlier.

Cash usage comes from two directions: FY2025 had -$79.6M of operating cash flow and -$398.3M of investing outflow. That makes the asset build-out expensive in a literal sense, and it explains why $3.8M of cash coexists with $1.25B of assets rather than a liquid cushion.

Financial Health Signals

Financial Profile 47/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Gryphon Digital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

100

Gryphon Digital has an operating margin of -123.1%, meaning the company retains $-123 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 676.7% the prior year.

Growth

100

Gryphon Digital's revenue surged 158.8% year-over-year to $185.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Gryphon Digital carries a low D/E ratio of 0.87, meaning only $0.87 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Gryphon Digital's current ratio of 0.08 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Gryphon Digital generates a -23.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -2.1% the prior year.

Piotroski F-Score Weak

3/9

Gryphon Digital passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.52x

For every $1 of reported earnings, Gryphon Digital generates $0.52 in operating cash flow (-$79.6M OCF vs -$153.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$185.2M

YoY+158.8%

5Y CAGR+71.2%

Gryphon Digital generated $185.2M in revenue in fiscal year 2025. This represents an increase of 158.8% from the prior year.

EBITDA

-$169.7M

YoY-133.5%

Gryphon Digital's EBITDA was -$169.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 133.5% from the prior year.

Net Income

-$153.2M

YoY-619.2%

Gryphon Digital reported -$153.2M in net income in fiscal year 2025. This represents a decrease of 619.2% from the prior year.

EPS (Diluted)

$-0.17

YoY-134.7%

Gryphon Digital earned $-0.17 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 134.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$3.8M

YoY+420.0%

5Y CAGR-30.8%

Gryphon Digital held $3.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

50.3%

YoY+5.5pp

5Y CAGR-0.3pp

Gryphon Digital's gross margin was 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.5 percentage points from the prior year.

Operating Margin

-123.1%

YoY-799.8pp

5Y CAGR+14.2pp

Gryphon Digital's operating margin was -123.1% in fiscal year 2025, reflecting core business profitability. This is down 799.8 percentage points from the prior year.

Net Margin

-82.7%

YoY-53.0pp

5Y CAGR+25.2pp

Gryphon Digital's net profit margin was -82.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 53.0 percentage points from the prior year.

Return on Equity

-23.0%

YoY-20.9pp

5Y CAGR+15.2pp

Gryphon Digital's ROE was -23.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GRYP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$185.2M+158.8%	$71.5M+10.1%	$65.0M+521.3%	$10.5M-40.7%	$17.6M+40.2%	$12.6M
Cost of Revenue	$92.0M+132.9%	$39.5M-9.4%	$43.6M+787.9%	$4.9M-33.9%	$7.4M+19.7%	$6.2M
Gross Profit	$93.2M+190.9%	$32.0M+832.4%	$3.4M-38.1%	$5.5M-45.6%	$10.2M+60.2%	$6.4M
R&D Expenses	N/A	N/A	$2.3M-42.9%	$4.1M-30.6%	$5.9M+83.8%	$3.2M
SG&A Expenses	$33.4M-3.2%	$34.5M+0.8%	$34.2M+326.5%	$8.0M-21.2%	$10.2M-28.2%	$14.2M
Operating Income	-$228.0M-147.1%	$484.1M+7661.8%	$6.2M+114.5%	-$43.1M-30.1%	-$33.1M-91.7%	-$17.3M
Interest Expense	N/A	$3.5M-60.4%	$8.8M	N/A	N/A	$4K
Income Tax	-$18.1M-130.4%	$59.6M+417.0%	-$18.8M-2582.0%	-$701K+69.0%	-$2.3M-7405.9%	$31K
Net Income	-$153.2M-619.2%	-$21.3M+25.5%	-$28.6M+63.8%	-$79.1M-152.3%	-$31.3M-130.8%	-$13.6M
EPS (Diluted)	$-0.17-134.7%	$0.49+1125.0%	$0.04+100.0%	$-546.56	$-24.24	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$118.0M+83.8%	$64.2M+4563.8%	$1.4M-11.6%	$1.6M-96.7%	$46.9M+304.2%	$11.6M+110.5%	$5.5M-26.4%	$7.5M
Cost of Revenue	$60.1M+112.4%	$28.3M+1658.6%	$1.6M-21.7%	$2.1M-89.6%	$19.7M+77.5%	$11.1M+192.5%	$3.8M-21.4%	$4.8M
Gross Profit	$57.9M+61.2%	$35.9M+15658.9%	-$231K+53.4%	-$496K-101.8%	$27.2M+5503.7%	$485K-71.7%	$1.7M-35.5%	$2.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$20.7M+157.0%	$8.1M+388.9%	$1.6M-45.1%	$3.0M-87.2%	$23.4M+386.0%	$4.8M+25.7%	$3.8M+55.5%	$2.5M
Operating Income	-$227.5M-3260.0%	$7.2M+422.5%	-$2.2M+59.2%	-$5.5M-101.1%	$501.7M+5023.1%	-$10.2M-73.7%	-$5.9M-276.0%	-$1.6M
Interest Expense	N/A	N/A	$6K	N/A	$2.6M+818.0%	$283K+0.4%	$282K-13.5%	$326K
Income Tax	N/A	$1.8M	N/A	N/A	N/A	-$573K	N/A	N/A
Net Income	N/A	$3.5M+1.3%	$3.4M	N/A	N/A	-$576K	N/A	N/A
EPS (Diluted)	N/A	N/A	$-0.07+22.2%	$-0.09	N/A	$-0.15-50.0%	$-0.10+72.2%	$-0.36

GRYP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2B+12.7%	$1.1B+5774.5%	$18.8M-3.3%	$19.5M-79.4%	$94.5M+61.4%	$58.5M
Current Assets	$8.9M-94.2%	$153.1M+2736.5%	$5.4M-49.8%	$10.8M-41.0%	$18.2M-34.3%	$27.7M
Cash & Equivalents	$3.8M+420.0%	$735K-19.7%	$915K+242.7%	$267K-97.9%	$12.6M-47.9%	$24.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$486K+13.0%	$430K-50.8%	$874K-53.1%	$1.9M
Goodwill	$154.4M+190.9%	$53.1M	N/A	$18.7M-43.1%	$32.8M+62.2%	$20.3M
Total Liabilities	$580.7M+535.8%	$91.3M+120.1%	-$454.9M-6187.7%	-$7.2M-121.0%	$34.5M+50.1%	$23.0M
Current Liabilities	$111.6M+121.7%	$50.3M+159.0%	$19.4M-13.7%	$22.5M-22.8%	$29.2M+148.2%	$11.8M
Long-Term Debt	N/A	N/A	$5.1M+266.0%	$1.4M-65.7%	$4.1M	N/A
Total Equity	$665.8M-34.4%	$1.0B+114.2%	$473.8M+1674.2%	$26.7M-55.5%	$59.9M+68.8%	$35.5M
Retained Earnings	-$52.5M+22.4%	-$67.7M-43.6%	-$47.2M+71.8%	-$167.6M-89.3%	-$88.5M-115.1%	-$41.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.2B+7.2%	$1.2B+18664.3%	$6.2M-31.0%	$9.0M-99.2%	$1.1B+14564.0%	$7.5M-34.1%	$11.4M-35.6%	$17.8M
Current Assets	$8.9M-18.3%	$10.9M+269.5%	$3.0M-26.2%	$4.0M-97.4%	$153.1M+8970.8%	$1.7M-48.0%	$3.2M-54.3%	$7.1M
Cash & Equivalents	$3.8M-52.1%	$8.0M+1076.4%	$678K+113.2%	$318K-56.7%	$735K+99.7%	$368K-69.8%	$1.2M-29.8%	$1.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$175K	N/A	$1K0.0%	$1K-99.7%	$290K
Goodwill	$154.4M+1.7%	$151.8M	N/A	N/A	$53.1M	N/A	N/A	N/A
Total Liabilities	$580.7M-1.1%	$587.4M+276.1%	-$333.5M-212.4%	-$106.8M-216.9%	$91.3M+113.2%	-$690.0M-14.5%	-$602.8M+11.2%	-$679.0M
Current Liabilities	$111.6M-24.7%	$148.1M+1143.7%	$11.9M+5.3%	$11.3M-77.5%	$50.3M+90.6%	$26.4M+3.8%	$25.4M-15.7%	$30.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$665.8M+15.7%	$575.5M+69.4%	$339.7M+193.5%	$115.8M-88.6%	$1.0B+45.5%	$697.5M+13.6%	$614.3M-11.8%	$696.8M
Retained Earnings	-$52.5M-860.9%	$6.9M+108.7%	-$79.3M-7.1%	-$74.0M-9.3%	-$67.7M+0.6%	-$68.1M-9.6%	-$62.2M-6.9%	-$58.2M

GRYP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$79.6M-47.3%	-$54.0M+3.5%	-$56.0M-413.4%	-$10.9M-33.5%	-$8.2M+43.1%	-$14.3M
Capital Expenditures	N/A	$6.6M+248.7%	$1.9M+5840.3%	$32K-18.8%	$39K	N/A
Free Cash Flow	N/A	-$60.6M-4.8%	-$57.9M-429.2%	-$10.9M-33.2%	-$8.2M	N/A
Investing Cash Flow	-$398.3M-498.1%	-$66.6M-206.2%	$62.7M+1679.1%	-$4.0M+62.1%	-$10.5M-191.4%	-$3.6M
Financing Cash Flow	$481.7M+299.3%	$120.6M+1884.8%	-$6.8M-178.3%	$8.6M-41.4%	$14.7M-27.2%	$20.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$36.5M+6.2%	-$39.0M-4333.2%	-$879K+72.7%	-$3.2M-113.7%	$23.6M	N/A	$201K+120.4%	-$983K
Capital Expenditures	N/A	N/A	N/A	N/A	$3.0M+20.8%	$2.5M	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	$20.5M	N/A	N/A	N/A
Investing Cash Flow	-$117.4M+57.9%	-$279.1M-797265.7%	-$35K+98.0%	-$1.8M+98.3%	-$102.0M-380.5%	$36.4M	N/A	N/A
Financing Cash Flow	$149.8M-54.1%	$326.1M+25494.9%	$1.3M-72.2%	$4.6M-94.2%	$78.4M+95.4%	$40.1M+16983.0%	$235K-87.0%	$1.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$72K	N/A	N/A	N/A	N/A

GRYP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	50.3%+5.5pp	44.8%+39.5pp	5.3%-47.8pp	53.0%-4.8pp	57.8%+7.2pp	50.6%
Operating Margin	-123.1%-799.8pp	676.7%+667.1pp	9.6%+421.6pp	-412.0%-224.1pp	-187.8%-50.5pp	-137.4%
Net Margin	-82.7%-53.0pp	-29.8%+14.2pp	-44.0%+711.9pp	-755.9%-578.2pp	-177.7%-69.8pp	-107.9%
Return on Equity	-23.0%-20.9pp	-2.1%+3.9pp	-6.0%+290.0pp	-296.1%-243.8pp	-52.3%-14.0pp	-38.2%
Return on Assets	-12.3%-10.4pp	-1.9%+149.9pp	-151.8%+254.2pp	-406.1%-372.9pp	-33.2%-10.0pp	-23.2%
Current Ratio	0.08-3.0	3.04+2.8	0.28-0.2	0.48-0.1	0.62-1.7	2.36
Debt-to-Equity	0.87+0.8	0.09+0.1	0.01-0.0	0.05-0.0	0.07-0.6	0.65
FCF Margin	N/A	-84.8%+4.3pp	-89.0%+15.5pp	-104.5%-58.0pp	-46.6%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	49.1%-6.9pp	56.0%+72.8pp	-16.8%+15.1pp	-31.8%-89.8pp	57.9%+53.7pp	4.2%-26.9pp	31.0%-4.4pp	35.4%
Operating Margin	-192.8%-204.0pp	11.2%+173.3pp	-162.1%+188.7pp	-350.8%-1420.1pp	1069.3%+1157.0pp	-87.8%+18.6pp	-106.4%-85.5pp	-20.8%
Net Margin	N/A	5.4%-243.8pp	249.2%	N/A	N/A	-5.0%	N/A	N/A
Return on Equity	N/A	0.6%-0.4pp	1.0%	N/A	N/A	-0.1%	N/A	N/A
Return on Assets	N/A	0.3%-55.1pp	55.4%	N/A	N/A	-7.6%	N/A	N/A
Current Ratio	0.080.0	0.07-0.2	0.25-0.1	0.35-2.7	3.04+3.0	0.06-0.1	0.13-0.1	0.23
Debt-to-Equity	0.87-0.1	1.02+2.0	-0.98-0.1	-0.92-1.0	0.09+1.1	-0.990.0	-0.980.0	-0.97
FCF Margin	N/A	N/A	N/A	N/A	43.8%	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Gryphon Digital's annual revenue?

Gryphon Digital (GRYP) reported $185.2M in total revenue for fiscal year 2025. This represents a 158.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gryphon Digital's revenue growing?

Gryphon Digital (GRYP) revenue grew by 158.8% year-over-year, from $71.5M to $185.2M in fiscal year 2025.

Is Gryphon Digital profitable?

No, Gryphon Digital (GRYP) reported a net income of -$153.2M in fiscal year 2025, with a net profit margin of -82.7%.

What is Gryphon Digital's EBITDA?

Gryphon Digital (GRYP) had EBITDA of -$169.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Gryphon Digital's gross margin?

Gryphon Digital (GRYP) had a gross margin of 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gryphon Digital's operating margin?

Gryphon Digital (GRYP) had an operating margin of -123.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Gryphon Digital's net profit margin?

Gryphon Digital (GRYP) had a net profit margin of -82.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Gryphon Digital's return on equity (ROE)?

Gryphon Digital (GRYP) has a return on equity of -23.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gryphon Digital's operating cash flow?

Gryphon Digital (GRYP) generated -$79.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gryphon Digital's total assets?

Gryphon Digital (GRYP) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What is Gryphon Digital's current ratio?

Gryphon Digital (GRYP) had a current ratio of 0.08 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Gryphon Digital's debt-to-equity ratio?

Gryphon Digital (GRYP) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gryphon Digital's return on assets (ROA)?

Gryphon Digital (GRYP) had a return on assets of -12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gryphon Digital's cash runway?

Based on fiscal year 2025 data, Gryphon Digital (GRYP) had $3.8M in cash against an annual operating cash burn of $79.6M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Gryphon Digital's Piotroski F-Score?

Gryphon Digital (GRYP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gryphon Digital's earnings high quality?

Gryphon Digital (GRYP) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Gryphon Digital?

Gryphon Digital (GRYP) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.