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cyan AG (CYR) AI Stock Analysis
cyan AG
(XETRA:CYR)
The score is primarily supported by improving fundamentals (rebounding revenue and a 2025 inflection to positive operating and free cash flow) and a relatively conservative balance sheet with low leverage. Offsetting this, the company is still loss-making (negative P/E) and the technical setup is neutral-to-weak with the price below longer-term moving averages.
cyan AG (CYR) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 45.22M
- Dividend Yield
- ―
- Average Volume (3M)
- 5,999
- Price to Earnings (P/E)
- -65.3
- Beta (1Y)
- 0.22
- Revenue Growth
- 16.38%
- EPS Growth
- 64.38%
- Country
- Germany
- Employees
- 48
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
cyan AG Business Overview & Revenue Model
Company Description
Established in 2017 and based in Munich, Germany, cyan AG specializes in providing advanced IT security solutions and telecommunication services. The company's operations span a wide geographical area, encompassing the Americas, Europe, the Middle Ea...
How the Company Makes Money
cyan AG primarily makes money by providing cybersecurity solutions through recurring and usage-based arrangements, most commonly via business-to-business partnerships. Key revenue streams typically include: (1) licensing and subscription fees for its...
cyan AG Financial Statement Overview
Summary
Turnaround progress is evident: revenue has rebounded strongly and 2025 shows a meaningful operating improvement with EBITDA near breakeven and positive operating/free cash flow. However, profitability is still negative and cash-flow history has been inconsistent (notably negative in 2024), keeping the financial score in the mid range despite a solid, low-leverage balance sheet.
Income Statement
34NegativeBalance Sheet
78PositiveCash Flow
63Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.64M | 9.16M | 7.09M | 4.72M | 3.80M | 8.48M |
| Gross Profit | 1.61M | 1.73M | 1.55M | -617.00K | -11.69M | -14.87M |
| EBITDA | -413.00K | -46.00K | -1.47M | -4.46M | -4.36M | -11.59M |
| Net Income | -742.00K | -678.00K | -3.74M | -20.72M | -14.71M | -13.88M |
Balance Sheet | ||||||
| Total Assets | 30.16M | 30.68M | 32.70M | 43.72M | 84.00M | 95.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.23M | 1.77M | 816.00K | 2.87M | 5.35M | 8.50M |
| Total Debt | 1.01M | 1.15M | 2.05M | 2.17M | 6.66M | 12.70M |
| Total Liabilities | 3.17M | 3.27M | 4.60M | 11.73M | 18.20M | 22.97M |
| Stockholders Equity | 26.99M | 27.41M | 28.10M | 31.98M | 45.61M | 72.78M |
Cash Flow | ||||||
| Free Cash Flow | -239.00K | 1.40M | -3.81M | -4.72M | -7.72M | -9.88M |
| Operating Cash Flow | -181.00K | 1.49M | -3.80M | -4.01M | -6.87M | -9.56M |
| Investing Cash Flow | -58.00K | -80.00K | 1.10M | -460.00K | -558.00K | -50.00K |
| Financing Cash Flow | -405.00K | -452.00K | -266.00K | 2.88M | 4.33M | 16.46M |
cyan AG Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CYR, the sentiment is Positive. The current price of 2.24 is above the 20-day moving average (MA) of 2.14, above the 50-day MA of 2.05, and above the 200-day MA of 2.06, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.62 is Neutral, neither overbought nor oversold. The STOCH value of 62.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CYR.
cyan AG Peers Comparison
Overall Rating
DE:FAA82Outperform
DE:NA967Neutral
DE:OBS67Neutral
DE:IOS64Neutral- DE:CYR54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DE:FAA | 82Outperform | EUR 177.10M | 13.88 | 30.98% | 3.11% | 7.53% | 36.30% |
| DE:NA9 | 67Neutral | EUR 1.01B | 19.74 | 29.36% | 1.27% | 1.27% | 30.41% |
| DE:OBS | 67Neutral | EUR 44.32M | 11.70 | 10.52% | 2.14% | 0.88% | 9.19% |
| DE:IOS | 64Neutral | EUR 4.98B | 21.94 | 72.80% | ― | -34.09% | 6.30% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| DE:CYR | 54Neutral | EUR 45.22M | -65.31 | -2.73% | ― | 16.38% | 64.38% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:CYR | cyan AG | 2.24 | -0.36 | -13.85% | |
| DE:OSP2 | USU Software | 8.98 | -0.32 | -3.44% | |
| DE:OBS | ORBIS AG | 4.68 | -1.05 | -18.37% | |
| DE:FAA | Fabasoft AG | 16.10 | 1.74 | 12.13% | |
| DE:NA9 | Nagarro SE | 78.40 | 32.04 | 69.11% | |
| DE:IOS | IONOS Group SE | 35.54 | 5.19 | 17.10% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 17, 2026