Cyanotech Corporation
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… Read more
Cyanotech Corporation (CYAN) - Net Assets
Latest net assets as of September 2025: $8.06 Million USD
Based on the latest financial reports, Cyanotech Corporation (CYAN) has net assets worth $8.06 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.03 Million) and total liabilities ($15.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.06 Million |
| % of Total Assets | 33.57% |
| Annual Growth Rate | N/A |
| 5-Year Change | -47.87% |
| 10-Year Change | -50.17% |
| Growth Volatility | 53.61 |
Cyanotech Corporation - Net Assets Trend (1990–2025)
This chart illustrates how Cyanotech Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cyanotech Corporation (1990–2025)
The table below shows the annual net assets of Cyanotech Corporation from 1990 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $8.88 Million | -24.80% |
| 2024-03-31 | $11.81 Million | -27.73% |
| 2023-03-31 | $16.35 Million | -16.11% |
| 2022-03-31 | $19.49 Million | +14.35% |
| 2021-03-31 | $17.04 Million | +7.54% |
| 2020-03-31 | $15.85 Million | +6.28% |
| 2019-03-31 | $14.91 Million | -17.66% |
| 2018-03-31 | $18.11 Million | +9.03% |
| 2017-03-31 | $16.61 Million | -6.85% |
| 2016-03-31 | $17.83 Million | -17.01% |
| 2015-03-31 | $21.48 Million | +3.05% |
| 2014-03-31 | $20.85 Million | +3.07% |
| 2013-03-31 | $20.23 Million | +32.51% |
| 2012-03-31 | $15.27 Million | +37.39% |
| 2011-03-31 | $11.11 Million | +21.83% |
| 2010-03-31 | $9.12 Million | +17.31% |
| 2009-03-31 | $7.77 Million | +21.87% |
| 2008-03-31 | $6.38 Million | -15.06% |
| 2007-03-31 | $7.51 Million | -49.31% |
| 2006-03-31 | $14.82 Million | -1.74% |
| 2005-03-31 | $15.08 Million | +4.43% |
| 2004-03-31 | $14.44 Million | +17.66% |
| 2003-03-31 | $12.27 Million | -6.96% |
| 2002-03-31 | $13.19 Million | -15.95% |
| 2001-03-31 | $15.70 Million | -5.71% |
| 2000-03-31 | $16.64 Million | -19.59% |
| 1999-03-31 | $20.70 Million | -10.78% |
| 1998-03-31 | $23.20 Million | -0.43% |
| 1997-03-31 | $23.30 Million | +34.68% |
| 1996-03-31 | $17.30 Million | +239.22% |
| 1995-03-31 | $5.10 Million | +21.43% |
| 1994-03-31 | $4.20 Million | +180.00% |
| 1993-03-31 | $1.50 Million | +36.36% |
| 1992-03-31 | $1.10 Million | -26.67% |
| 1991-03-31 | $1.50 Million | +236.36% |
| 1990-03-31 | $-1.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cyanotech Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1870400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $144.00K | 1.62% |
| Other Components | $34.84 Million | 392.21% |
| Total Equity | $8.88 Million | 100.00% |
Cyanotech Corporation Competitors by Market Cap
The table below lists competitors of Cyanotech Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SpringBig Holdings Inc.
NASDAQ:SBIG
|
$1.94 Million |
|
Netcapital Inc
NASDAQ:NCPL
|
$1.94 Million |
|
ASHDOD REFINERY LTD
TA:ARF
|
$1.94 Million |
|
Crypto Co
PINK:CRCW
|
$1.94 Million |
|
GRAPHEX GROUP LTD HD -01
F:5100
|
$1.94 Million |
|
Raptis Group Ltd
AU:RPG
|
$1.93 Million |
|
Spectur Ltd
AU:SP3
|
$1.93 Million |
|
Cambridge Technology Enterprises Limited
NSE:CTE
|
$1.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cyanotech Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,814,000 to 8,884,000, a change of -2,930,000 (-24.8%).
- Net loss of 3,203,000 reduced equity.
- Other factors increased equity by 273,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.20 Million | -36.05% |
| Other Changes | $273.00K | +3.07% |
| Total Change | $- | -24.80% |
Book Value vs Market Value Analysis
This analysis compares Cyanotech Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-03-31 | $-0.21 | $0.40 | x |
| 1991-03-31 | $0.40 | $0.40 | x |
| 1992-03-31 | $0.29 | $0.40 | x |
| 1993-03-31 | $0.40 | $0.40 | x |
| 1994-03-31 | $1.14 | $0.40 | x |
| 1995-03-31 | $1.38 | $0.40 | x |
| 1996-03-31 | $4.76 | $0.40 | x |
| 1997-03-31 | $5.97 | $0.40 | x |
| 1998-03-31 | $7.19 | $0.40 | x |
| 1999-03-31 | $6.09 | $0.40 | x |
| 2000-03-31 | $4.83 | $0.40 | x |
| 2001-03-31 | $3.92 | $0.40 | x |
| 2002-03-31 | $3.10 | $0.40 | x |
| 2003-03-31 | $2.75 | $0.40 | x |
| 2004-03-31 | $3.02 | $0.40 | x |
| 2005-03-31 | $2.76 | $0.40 | x |
| 2006-03-31 | $2.84 | $0.40 | x |
| 2007-03-31 | $1.43 | $0.40 | x |
| 2008-03-31 | $1.22 | $0.40 | x |
| 2009-03-31 | $1.48 | $0.40 | x |
| 2010-03-31 | $1.71 | $0.40 | x |
| 2011-03-31 | $2.05 | $0.40 | x |
| 2012-03-31 | $2.76 | $0.40 | x |
| 2013-03-31 | $3.58 | $0.40 | x |
| 2014-03-31 | $3.81 | $0.40 | x |
| 2015-03-31 | $3.89 | $0.40 | x |
| 2016-03-31 | $3.19 | $0.40 | x |
| 2017-03-31 | $2.94 | $0.40 | x |
| 2018-03-31 | $3.13 | $0.40 | x |
| 2019-03-31 | $2.56 | $0.40 | x |
| 2020-03-31 | $2.66 | $0.40 | x |
| 2021-03-31 | $2.80 | $0.40 | x |
| 2022-03-31 | $3.16 | $0.40 | x |
| 2023-03-31 | $2.62 | $0.40 | x |
| 2024-03-31 | $1.81 | $0.40 | x |
| 2025-03-31 | $1.26 | $0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cyanotech Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -36.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.23%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.64x
- Recent ROE (-36.05%) is below the historical average (-6.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 0.00% | -136.36% | 0.39x | 0.00x | $-1.39 Million |
| 1991 | -20.00% | -15.79% | 0.63x | 2.00x | $-450.00K |
| 1992 | -63.64% | -38.89% | 0.69x | 2.36x | $-810.00K |
| 1993 | 20.00% | 12.00% | 0.93x | 1.80x | $150.00K |
| 1994 | 4.76% | 7.41% | 0.53x | 1.21x | $-220.00K |
| 1995 | 15.69% | 19.05% | 0.68x | 1.22x | $290.00K |
| 1996 | 14.45% | 30.86% | 0.41x | 1.14x | $770.00K |
| 1997 | 18.03% | 36.84% | 0.44x | 1.12x | $1.87 Million |
| 1998 | -1.29% | -3.95% | 0.30x | 1.11x | $-2.62 Million |
| 1999 | -12.56% | -38.81% | 0.28x | 1.14x | $-4.67 Million |
| 2000 | -26.95% | -60.62% | 0.38x | 1.18x | $-6.15 Million |
| 2001 | -6.80% | -13.27% | 0.38x | 1.36x | $-2.64 Million |
| 2002 | -19.63% | -31.44% | 0.45x | 1.39x | $-3.91 Million |
| 2003 | -14.46% | -19.83% | 0.51x | 1.42x | $-3.00 Million |
| 2004 | 2.76% | 3.45% | 0.63x | 1.27x | $-1.04 Million |
| 2005 | 3.22% | 4.25% | 0.62x | 1.23x | $-1.02 Million |
| 2006 | -1.81% | -2.41% | 0.64x | 1.18x | $-1.75 Million |
| 2007 | -98.87% | -76.68% | 0.98x | 1.32x | $-8.18 Million |
| 2008 | -17.86% | -10.02% | 1.16x | 1.53x | $-1.78 Million |
| 2009 | 14.69% | 8.19% | 1.29x | 1.39x | $364.60K |
| 2010 | 15.25% | 8.84% | 1.30x | 1.33x | $479.00K |
| 2011 | 15.57% | 10.28% | 1.21x | 1.25x | $618.90K |
| 2012 | 23.79% | 14.75% | 1.29x | 1.25x | $2.11 Million |
| 2013 | 20.81% | 15.26% | 0.96x | 1.41x | $2.19 Million |
| 2014 | -0.94% | -0.67% | 0.95x | 1.45x | $-2.28 Million |
| 2015 | -0.11% | -0.07% | 1.09x | 1.44x | $-2.17 Million |
| 2016 | -24.65% | -13.80% | 1.02x | 1.75x | $-6.18 Million |
| 2017 | -7.32% | -3.79% | 1.10x | 1.76x | $-2.88 Million |
| 2018 | 5.66% | 3.00% | 1.15x | 1.64x | $-785.70K |
| 2019 | -24.12% | -11.91% | 1.02x | 1.99x | $-5.09 Million |
| 2020 | 2.44% | 1.21% | 1.00x | 2.01x | $-1.20 Million |
| 2021 | 5.40% | 2.84% | 1.05x | 1.81x | $-784.10K |
| 2022 | 11.05% | 5.99% | 1.12x | 1.64x | $205.30K |
| 2023 | -21.04% | -14.84% | 0.78x | 1.82x | $-5.07 Million |
| 2024 | -44.58% | -22.83% | 0.92x | 2.13x | $-6.45 Million |
| 2025 | -36.05% | -13.23% | 1.03x | 2.64x | $-4.09 Million |
Industry Comparison
This section compares Cyanotech Corporation's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cyanotech Corporation (CYAN) | $8.06 Million | 0.00% | 1.98x | $1.94 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |