Gryphon Digital Financials
This page shows Gryphon Digital (GRYP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gryphon Digital has an operating margin of -86.4%, meaning the company retains $-86 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -87.5% the prior year.
Gryphon Digital's revenue declined 6.3% year-over-year, from $21.9M to $20.5M. This contraction results in a growth score of 23/100.
Gryphon Digital carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Gryphon Digital's current ratio of 3.04 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
While Gryphon Digital generated -$3.4M in operating cash flow, capex of $1.1M consumed most of it, leaving -$4.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Gryphon Digital generates a -2.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100. This is up from -6.0% the prior year.
Gryphon Digital passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gryphon Digital generates $0.16 in operating cash flow (-$3.4M OCF vs -$21.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Gryphon Digital earns $-19.4 in operating income for every $1 of interest expense (-$17.7M vs $914K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Gryphon Digital generated $20.5M in revenue in fiscal year 2024. This represents a decrease of 6.3% from the prior year.
Gryphon Digital's EBITDA was -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 64.0% from the prior year.
Gryphon Digital reported -$21.3M in net income in fiscal year 2024. This represents an increase of 25.5% from the prior year.
Gryphon Digital earned $-0.51 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.6% from the prior year.
Cash & Balance Sheet
Gryphon Digital generated -$4.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 500.3% from the prior year.
Gryphon Digital held $735K in cash against $0 in long-term debt as of fiscal year 2024.
Gryphon Digital had 53M shares outstanding in fiscal year 2024. This represents an increase of 54.0% from the prior year.
Margins & Returns
Gryphon Digital's gross margin was 23.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.3 percentage points from the prior year.
Gryphon Digital's operating margin was -86.4% in fiscal year 2024, reflecting core business profitability. This is up 1.1 percentage points from the prior year.
Gryphon Digital's net profit margin was -103.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 26.7 percentage points from the prior year.
Gryphon Digital's ROE was -2.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the prior year.
Capital Allocation
Gryphon Digital invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 43.2% from the prior year.
GRYP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.2M+4563.8% | $1.4M-11.6% | $1.6M | N/A | $11.6M+110.5% | $5.5M-26.4% | $7.5M+23.0% | $6.1M |
| Cost of Revenue | $28.3M+1658.6% | $1.6M-21.7% | $2.1M | N/A | $11.1M+192.5% | $3.8M-21.4% | $4.8M-13.7% | $5.6M |
| Gross Profit | $35.9M+15658.9% | -$231K+53.4% | -$496K | N/A | $485K-71.7% | $1.7M-35.5% | $2.7M+449.2% | $483K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $182K |
| SG&A Expenses | $8.1M+388.9% | $1.6M-45.1% | $3.0M | N/A | $4.8M+25.7% | $3.8M+55.5% | $2.5M+63.0% | $1.5M |
| Operating Income | $7.2M+422.5% | -$2.2M+59.2% | -$5.5M | N/A | -$10.2M-73.7% | -$5.9M-276.0% | -$1.6M+72.2% | -$5.6M |
| Interest Expense | N/A | $6K | N/A | N/A | $283K+0.4% | $282K-13.5% | $326K-39.7% | $540K |
| Income Tax | $1.8M | N/A | N/A | N/A | -$573K | N/A | N/A | N/A |
| Net Income | $3.5M+1.3% | $3.4M+103.4% | -$100.6M | N/A | -$576K+99.1% | -$61.1M-126.5% | $230.4M+2198.5% | -$11.0M |
| EPS (Diluted) | N/A | $-0.07+22.2% | $-0.09 | N/A | $-0.15-50.0% | $-0.10+72.2% | $-0.36 | N/A |
GRYP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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-5.6% | $18.8M |
| Current Assets | $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+31.4% | $5.4M |
| Cash & Equivalents | $8.0M+1076.4% | $678K+113.2% | $318K-56.7% | $735K+99.7% | $368K-69.8% | $1.2M-29.8% | $1.7M+89.8% | $915K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $175K | N/A | $1K0.0% | $1K-99.7% | $290K-40.3% | $486K |
| Goodwill | $151.8M | N/A | N/A | $53.1M | N/A | N/A | N/A | N/A |
| Total Liabilities | $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-49.2% | -$454.9M |
| Current Liabilities | $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+55.4% | $19.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $5.1M |
| Total Equity | $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+47.1% | $473.8M |
| Retained Earnings | $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-23.3% | -$47.2M |
GRYP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$39.0M-4333.2% | -$879K+72.7% | -$3.2M-104.3% | $74.2M+196.6% | -$76.8M-38314.9% | $201K+120.4% | -$983K-1754.7% | -$53K |
| Capital Expenditures | N/A | N/A | N/A | -$2.5M-200.0% | $2.5M | N/A | N/A | $352K |
| Free Cash Flow | N/A | N/A | N/A | $71.7M+190.4% | -$79.3M | N/A | N/A | -$405K |
| Investing Cash Flow | -$279.1M-797265.7% | -$35K+98.0% | -$1.8M+95.3% | -$38.2M-204.9% | $36.4M | N/A | N/A | -$352K |
| Financing Cash Flow | $326.1M+25494.9% | $1.3M-72.2% | $4.6M+112.6% | -$36.2M-190.2% | $40.1M+16983.0% | $235K-87.0% | $1.8M+2223.5% | -$85K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $72K | N/A | N/A | N/A | N/A | N/A |
GRYP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.0%+72.8pp | -16.8%+15.1pp | -31.8% | N/A | 4.2%-26.9pp | 31.0%-4.4pp | 35.4%+27.5pp | 7.9% |
| Operating Margin | 11.2%+173.3pp | -162.1%+188.7pp | -350.8% | N/A | -87.8%+18.6pp | -106.4%-85.5pp | -20.8%+71.3pp | -92.1% |
| Net Margin | 5.4%-243.8pp | 249.2%+6707.6pp | -6458.5% | N/A | -5.0%+1102.2pp | -1107.2%-4183.4pp | 3076.2%+3256.6pp | -180.3% |
| Return on Equity | 0.6%-0.4pp | 1.0%+87.9pp | -86.9% | N/A | -0.1%+9.9pp | -9.9%-43.0pp | 33.1%+35.4pp | -2.3% |
| Return on Assets | 0.3%-55.1pp | 55.4%+1176.0pp | -1120.7% | N/A | -7.6%+525.8pp | -533.4%-1829.1pp | 1295.8%+1354.0pp | -58.3% |
| Current Ratio | 0.07-0.2 | 0.25-0.1 | 0.35-2.7 | 3.04+3.0 | 0.06-0.1 | 0.13-0.1 | 0.23-0.0 | 0.28 |
| Debt-to-Equity | 1.02+2.0 | -0.98-0.1 | -0.92-1.0 | 0.09+1.1 | -0.990.0 | -0.980.0 | -0.97-1.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | -683.2% | N/A | N/A | -6.7% |
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Frequently Asked Questions
What is Gryphon Digital's annual revenue?
Gryphon Digital (GRYP) reported $20.5M in total revenue for fiscal year 2024. This represents a -6.3% 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 declined by 6.3% year-over-year, from $21.9M to $20.5M in fiscal year 2024.
Is Gryphon Digital profitable?
No, Gryphon Digital (GRYP) reported a net income of -$21.3M in fiscal year 2024, with a net profit margin of -103.7%.
What is Gryphon Digital's EBITDA?
Gryphon Digital (GRYP) had EBITDA of -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gryphon Digital's gross margin?
Gryphon Digital (GRYP) had a gross margin of 23.0% in fiscal year 2024, 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 -86.4% in fiscal year 2024, 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 -103.7% in fiscal year 2024, 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 -2.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Gryphon Digital's free cash flow?
Gryphon Digital (GRYP) generated -$4.5M in free cash flow during fiscal year 2024. This represents a -500.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gryphon Digital's operating cash flow?
Gryphon Digital (GRYP) generated -$3.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Gryphon Digital's total assets?
Gryphon Digital (GRYP) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Gryphon Digital's capital expenditures?
Gryphon Digital (GRYP) invested $1.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Gryphon Digital's current ratio?
Gryphon Digital (GRYP) had a current ratio of 3.04 as of fiscal year 2024, which is generally considered healthy.
What is Gryphon Digital's debt-to-equity ratio?
Gryphon Digital (GRYP) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, 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 -1.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Gryphon Digital's cash runway?
Based on fiscal year 2024 data, Gryphon Digital (GRYP) had $735K in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 3 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 5 out of 9, indicating neutral 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 7–9 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 0.16x, 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.
Can Gryphon Digital cover its interest payments?
Gryphon Digital (GRYP) has an interest coverage ratio of -19.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gryphon Digital?
Gryphon Digital (GRYP) scores 31 out of 100 on our Financial Profile, indicating weak 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.