Saturday 17 October 2026 Export CYAN’s income statement to Excel — free account

Cyanotech Corporation

Cyanotech Corporation’s revenue for fiscal 2026 (year ended March 2026) was $26.6 million, up 9.80% from fiscal 2025. In the quarter to June 2026, revenue grew 11.1%, EPS grew 144.1%, free cash flow grew 204.0% and total debt rose 7.77%, each against the same quarter a year earlier.

0.70 0.00 0.00%

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Market cap: $1.7M
P/E: 0.0×
Fwd P/E: 2.4×
Dividend yield: —
F-score: 5/9
Altman Z: −0.52
Beneish M: −2.37
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Mar '17	Mar '18	Mar '19	Mar '20	Mar '21	Mar '22	Mar '23	Mar '24	Mar '25	Mar '26
Piotroski F-Score Full definition →	6	8	2	7	6	8	2	2	4	5
P/E ratio Full definition →	0.00	28.61	0.00	29.43	20.63	9.63	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	1.59	2.47	0.83	1.13	1.55	2.19	0.09	(0.78)	(0.76)	(0.52)
P/S ratio Full definition →	0.68	0.86	0.63	0.38	0.62	0.58	0.24	0.08	0.10	0.08
Altman Z″-Score (non-manufacturers) Full definition →	0.94	2.16	(0.43)	1.22	1.56	3.07	(0.12)	(2.74)	(3.62)	(3.60)
P/FCF ratio Full definition →	58.40	60.62	0.00	12.04	12.21	18.71	0.00	0.00	0.00	0.00
Beneish M-Score Full definition →	(3.44)	(2.04)	(3.32)	2.44	(2.48)	(2.04)	(3.27)	(2.79)	(3.07)	(2.37)
P/Operating CF Full definition →	66.41	1,336.43	(23.57)	11.81	13.53	20.05	9.42	6.17	(43.42)	4.22
P/B ratio Full definition →	1.31	1.62	1.27	0.77	1.18	1.06	0.34	0.16	0.28	0.29
Price to Tangible BV Full definition →	1.31	1.62	1.27	0.77	1.18	1.06	0.34	0.16	0.28	0.29
EV/Sales Full definition →	0.87	1.03	0.86	0.58	0.72	0.64	0.47	0.29	0.38	0.36
EV/EBITDA Full definition →	20.44	10.41	0.00	5.52	10.41	5.05	0.00	0.00	0.00	23.23
EV/Operating CF Full definition →	22.84	23.50	(30.66)	14.92	9.71	9.66	(5.20)	(14.45)	(7.63)	41.09
EV/FCF Full definition →	74.69	72.20	(20.32)	18.20	14.21	20.73	(3.45)	(7.87)	(6.32)	(123.28)
Quick Ratio Full definition →	0.59	0.70	0.30	0.72	1.07	1.30	0.28	0.33	0.22	0.38
Current Ratio Full definition →	2.03	2.39	1.54	2.32	2.60	3.37	1.67	1.24	1.03	1.02
Net Debt/EBITDA Full definition →	4.46	1.67	(6.87)	1.87	1.46	0.49	(6.92)	(1.86)	(10.98)	5.62
Debt/Assets Full definition →	25.66%	23.38%	26.45%	27.36%	22.78%	15.06%	21.56%	21.46%	29.31%	37.22%
Debt/Equity Full definition →	0.45	0.38	0.53	0.55	0.41	0.25	0.39	0.46	0.78	1.08
Asset Turnover Full definition →	1.06	1.16	1.02	1.04	1.03	1.14	0.75	0.84	1.00	1.17
Operating CF/Net income Full definition →	(1.00)	1.45	0.24	3.21	2.61	1.10	0.61	0.09	0.37	(0.18)
Capex/Depreciation Full definition →	(0.41)	(0.52)	(0.22)	(0.10)	(0.35)	(0.64)	(0.50)	(0.18)	(0.13)	(0.07)
Interest Coverage Full definition →	(1.29)	2.83	(5.15)	1.60	0.15	6.57	(5.82)	(6.87)	(3.65)	(0.82)
ROE Full definition →	(7.06%)	5.91%	(21.78%)	2.52%	5.59%	11.79%	(19.20%)	(37.41%)	(30.95%)	(15.50%)
ROA Full definition →	(4.03%)	3.48%	(12.12%)	1.26%	2.94%	6.85%	(11.14%)	(19.21%)	(13.18%)	(5.62%)
ROIC Full definition →	(1.88%)	3.73%	(8.55%)	2.97%	0.26%	7.41%	(8.38%)	(17.40%)	(10.10%)	(2.38%)
Return on Tangible Assets Full definition →	(5.30%)	4.34%	(18.11%)	1.81%	4.29%	9.23%	(20.53%)	(43.36%)	(34.71%)	(16.14%)
Average Days of Receivables Full definition →	24.32	28.50	23.95	24.65	27.49	37.18	20.96	33.26	29.44	44.58
Research and Development Expense of Revenue Full definition →	1.85%	1.65%	3.06%	1.91%	1.98%	1.98%	3.32%	2.99%	1.85%	0.86%
Selling, General and Administrative Expense of Revenue Full definition →	38.43%	33.40%	41.52%	34.61%	32.13%	28.58%	40.59%	42.69%	36.90%	33.93%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.72%	1.17%	1.07%	1.81%	0.66%	0.96%	1.34%	1.56%	1.02%	0.50%
Graham Net Nets Full definition →	(0.01)	0.07	(0.01)	(0.10)	0.06	0.18	0.02	(1.43)	(1.64)	(1.64)
Graham Number Full definition →	0.00	3.58	0.00	2.05	3.18	4.99	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(5.45%)	3.50%	(19.02%)	3.40%	4.85%	10.39%	(63.64%)	(279.31%)	(128.57%)	(89.10%)
Free Cash Flow Yield Full definition →	1.71%	1.65%	(6.74%)	8.31%	8.19%	5.34%	(57.66%)	(44.14%)	(58.19%)	(3.56%)
Revenue per Share Full definition →	5.66	5.98	5.19	5.36	5.33	5.84	3.71	3.53	3.42	3.64
Operating CF per Share Full definition →	0.22	0.26	(0.15)	0.21	0.40	0.39	(0.34)	(0.07)	(0.17)	0.03
Capex per Share Full definition →	(0.15)	(0.18)	(0.07)	(0.04)	(0.13)	(0.21)	(0.17)	(0.06)	(0.03)	(0.02)
Free Cash Flow per Share Full definition →	0.07	0.09	(0.22)	0.17	0.27	0.18	(0.51)	(0.13)	(0.20)	0.01
Cash per Share Full definition →	0.25	0.23	0.14	0.41	0.62	0.42	0.16	0.11	0.04	0.11
Shareholders Equity per Share Full definition →	2.94	3.17	2.56	2.66	2.81	3.17	2.62	1.81	1.26	1.05
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	2.94	3.17	2.56	2.66	2.81	3.17	2.62	1.81	1.26	1.05
Free Cash Flow Full definition →	0.37	0.49	(1.28)	1.02	1.64	1.11	(3.17)	(0.84)	(1.44)	0.09
Working Capital Full definition →	6.20	7.91	5.10	8.37	9.30	11.44	5.39	2.04	0.30	0.17
Capital Expenditures Full definition →	(0.85)	(1.00)	(0.43)	(0.22)	(0.76)	(1.27)	(1.07)	(0.38)	(0.25)	(0.14)
Net Current Asset Value Full definition →	(0.32)	2.02	(0.12)	(1.21)	1.27	3.71	0.12	(2.71)	(4.06)	(3.59)
EV/EBIT Full definition →	0.00	24.76	0.00	17.62	277.35	8.93	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.03	0.03	0.01	0.01	0.02	0.04	0.05	0.02	0.01	0.01
Price to Operating Income Full definition →	0.00	20.79	0.00	11.65	238.46	8.06	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.12	0.12	0.13	0.18	0.18	0.17	0.19	0.20	0.21	0.24
Cash ROIC Full definition →	1.46%	1.84%	(5.42%)	3.78%	5.89%	4.12%	(13.35%)	(4.67%)	(8.98%)	0.55%
Accounts Receivable Turnover Full definition →	12.52	14.22	13.00	15.43	14.09	11.79	9.28	13.44	11.94	10.23
Accounts Payable Turnover Full definition →	5.17	5.77	4.67	5.44	9.60	9.64	9.41	13.92	9.49	9.14
Inventory Turnover Full definition →	2.50	2.44	1.94	1.83	2.35	2.51	1.58	1.90	2.30	2.54
Average Days of Payables Full definition →	67.52	62.06	91.03	40.63	39.32	38.48	23.41	30.67	46.67	34.70
Days of Inventory on Hand Full definition →	146.83	158.96	208.50	183.52	144.69	154.23	245.50	155.86	163.94	129.10
Average Receivables Full definition →	2.56	2.40	2.32	2.07	2.30	3.05	2.50	1.72	2.03	2.60
Average Payables Full definition →	3.83	3.60	4.22	3.53	2.21	2.32	1.69	1.23	1.83	1.96
Average Inventory Full definition →	7.91	8.50	10.15	10.46	9.03	8.94	10.09	9.01	7.55	7.06
Average Assets Full definition →	30.15	29.43	29.67	30.71	31.33	31.46	30.89	27.42	24.30	22.81
Average Common Equity Full definition →	17.22	17.36	16.51	15.38	16.44	18.26	17.92	14.08	10.35	8.27

Fold the line items

Columns are period end dates

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