Saturday 17 October 2026
Export CYAN’s income statement to Excel — free account
Cyanotech Corporation
CYAN Consumer Defensive Packaged Foods
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%
Follow CYAN
| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 4 | 2 | 2 | 8 | 6 | 7 | 2 | 8 | 6 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 9.63 | 20.63 | 29.43 | 0.00 | 28.61 | 0.00 |
Altman Z-Score |
(0.52) | (0.76) | (0.78) | 0.09 | 2.19 | 1.55 | 1.13 | 0.83 | 2.47 | 1.59 |
P/S ratio |
0.08 | 0.10 | 0.08 | 0.24 | 0.58 | 0.62 | 0.38 | 0.63 | 0.86 | 0.68 |
Altman Z″-Score (non-manufacturers) |
(3.60) | (3.62) | (2.74) | (0.12) | 3.07 | 1.56 | 1.22 | (0.43) | 2.16 | 0.94 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 18.71 | 12.21 | 12.04 | 0.00 | 60.62 | 58.40 |
Beneish M-Score |
(2.37) | (3.07) | (2.79) | (3.27) | (2.04) | (2.48) | 2.44 | (3.32) | (2.04) | (3.44) |
P/Operating CF |
4.22 | (43.42) | 6.17 | 9.42 | 20.05 | 13.53 | 11.81 | (23.57) | 1,336.43 | 66.41 |
P/B ratio |
0.29 | 0.28 | 0.16 | 0.34 | 1.06 | 1.18 | 0.77 | 1.27 | 1.62 | 1.31 |
Price to Tangible BV |
0.29 | 0.28 | 0.16 | 0.34 | 1.06 | 1.18 | 0.77 | 1.27 | 1.62 | 1.31 |
EV/Sales |
0.36 | 0.38 | 0.29 | 0.47 | 0.64 | 0.72 | 0.58 | 0.86 | 1.03 | 0.87 |
EV/EBITDA |
23.23 | 0.00 | 0.00 | 0.00 | 5.05 | 10.41 | 5.52 | 0.00 | 10.41 | 20.44 |
EV/Operating CF |
41.09 | (7.63) | (14.45) | (5.20) | 9.66 | 9.71 | 14.92 | (30.66) | 23.50 | 22.84 |
EV/FCF |
(123.28) | (6.32) | (7.87) | (3.45) | 20.73 | 14.21 | 18.20 | (20.32) | 72.20 | 74.69 |
Quick Ratio |
0.38 | 0.22 | 0.33 | 0.28 | 1.30 | 1.07 | 0.72 | 0.30 | 0.70 | 0.59 |
Current Ratio |
1.02 | 1.03 | 1.24 | 1.67 | 3.37 | 2.60 | 2.32 | 1.54 | 2.39 | 2.03 |
Net Debt/EBITDA |
5.62 | (10.98) | (1.86) | (6.92) | 0.49 | 1.46 | 1.87 | (6.87) | 1.67 | 4.46 |
Debt/Assets |
37.22% | 29.31% | 21.46% | 21.56% | 15.06% | 22.78% | 27.36% | 26.45% | 23.38% | 25.66% |
Debt/Equity |
1.08 | 0.78 | 0.46 | 0.39 | 0.25 | 0.41 | 0.55 | 0.53 | 0.38 | 0.45 |
Asset Turnover |
1.17 | 1.00 | 0.84 | 0.75 | 1.14 | 1.03 | 1.04 | 1.02 | 1.16 | 1.06 |
Operating CF/Net income |
(0.18) | 0.37 | 0.09 | 0.61 | 1.10 | 2.61 | 3.21 | 0.24 | 1.45 | (1.00) |
Capex/Depreciation |
(0.07) | (0.13) | (0.18) | (0.50) | (0.64) | (0.35) | (0.10) | (0.22) | (0.52) | (0.41) |
Interest Coverage |
(0.82) | (3.65) | (6.87) | (5.82) | 6.57 | 0.15 | 1.60 | (5.15) | 2.83 | (1.29) |
| (15.50%) | (30.95%) | (37.41%) | (19.20%) | 11.79% | 5.59% | 2.52% | (21.78%) | 5.91% | (7.06%) | |
| (5.62%) | (13.18%) | (19.21%) | (11.14%) | 6.85% | 2.94% | 1.26% | (12.12%) | 3.48% | (4.03%) | |
ROIC |
(2.38%) | (10.10%) | (17.40%) | (8.38%) | 7.41% | 0.26% | 2.97% | (8.55%) | 3.73% | (1.88%) |
Return on Tangible Assets |
(16.14%) | (34.71%) | (43.36%) | (20.53%) | 9.23% | 4.29% | 1.81% | (18.11%) | 4.34% | (5.30%) |
Average Days of Receivables |
44.58 | 29.44 | 33.26 | 20.96 | 37.18 | 27.49 | 24.65 | 23.95 | 28.50 | 24.32 |
Research and Development Expense of Revenue |
0.86% | 1.85% | 2.99% | 3.32% | 1.98% | 1.98% | 1.91% | 3.06% | 1.65% | 1.85% |
Selling, General and Administrative Expense of Revenue |
33.93% | 36.90% | 42.69% | 40.59% | 28.58% | 32.13% | 34.61% | 41.52% | 33.40% | 38.43% |
Intangible Assets out of Total Assets |
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 |
0.50% | 1.02% | 1.56% | 1.34% | 0.96% | 0.66% | 1.81% | 1.07% | 1.17% | 0.72% |
Graham Net Nets |
(1.64) | (1.64) | (1.43) | 0.02 | 0.18 | 0.06 | (0.10) | (0.01) | 0.07 | (0.01) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 4.99 | 3.18 | 2.05 | 0.00 | 3.58 | 0.00 |
Earnings Yield |
(89.10%) | (128.57%) | (279.31%) | (63.64%) | 10.39% | 4.85% | 3.40% | (19.02%) | 3.50% | (5.45%) |
Free Cash Flow Yield |
(3.56%) | (58.19%) | (44.14%) | (57.66%) | 5.34% | 8.19% | 8.31% | (6.74%) | 1.65% | 1.71% |
Revenue per Share |
3.64 | 3.42 | 3.53 | 3.71 | 5.84 | 5.33 | 5.36 | 5.19 | 5.98 | 5.66 |
Operating CF per Share |
0.03 | (0.17) | (0.07) | (0.34) | 0.39 | 0.40 | 0.21 | (0.15) | 0.26 | 0.22 |
Capex per Share |
(0.02) | (0.03) | (0.06) | (0.17) | (0.21) | (0.13) | (0.04) | (0.07) | (0.18) | (0.15) |
Free Cash Flow per Share |
0.01 | (0.20) | (0.13) | (0.51) | 0.18 | 0.27 | 0.17 | (0.22) | 0.09 | 0.07 |
Cash per Share |
0.11 | 0.04 | 0.11 | 0.16 | 0.42 | 0.62 | 0.41 | 0.14 | 0.23 | 0.25 |
Shareholders Equity per Share |
1.05 | 1.26 | 1.81 | 2.62 | 3.17 | 2.81 | 2.66 | 2.56 | 3.17 | 2.94 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.05 | 1.26 | 1.81 | 2.62 | 3.17 | 2.81 | 2.66 | 2.56 | 3.17 | 2.94 |
Free Cash Flow |
0.09 | (1.44) | (0.84) | (3.17) | 1.11 | 1.64 | 1.02 | (1.28) | 0.49 | 0.37 |
Working Capital |
0.17 | 0.30 | 2.04 | 5.39 | 11.44 | 9.30 | 8.37 | 5.10 | 7.91 | 6.20 |
Capital Expenditures |
(0.14) | (0.25) | (0.38) | (1.07) | (1.27) | (0.76) | (0.22) | (0.43) | (1.00) | (0.85) |
Net Current Asset Value |
(3.59) | (4.06) | (2.71) | 0.12 | 3.71 | 1.27 | (1.21) | (0.12) | 2.02 | (0.32) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 8.93 | 277.35 | 17.62 | 0.00 | 24.76 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.05 | 0.04 | 0.02 | 0.01 | 0.01 | 0.03 | 0.03 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 8.06 | 238.46 | 11.65 | 0.00 | 20.79 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.24 | 0.21 | 0.20 | 0.19 | 0.17 | 0.18 | 0.18 | 0.13 | 0.12 | 0.12 |
Cash ROIC |
0.55% | (8.98%) | (4.67%) | (13.35%) | 4.12% | 5.89% | 3.78% | (5.42%) | 1.84% | 1.46% |
Accounts Receivable Turnover |
10.23 | 11.94 | 13.44 | 9.28 | 11.79 | 14.09 | 15.43 | 13.00 | 14.22 | 12.52 |
Accounts Payable Turnover |
9.14 | 9.49 | 13.92 | 9.41 | 9.64 | 9.60 | 5.44 | 4.67 | 5.77 | 5.17 |
Inventory Turnover |
2.54 | 2.30 | 1.90 | 1.58 | 2.51 | 2.35 | 1.83 | 1.94 | 2.44 | 2.50 |
Average Days of Payables |
34.70 | 46.67 | 30.67 | 23.41 | 38.48 | 39.32 | 40.63 | 91.03 | 62.06 | 67.52 |
Days of Inventory on Hand |
129.10 | 163.94 | 155.86 | 245.50 | 154.23 | 144.69 | 183.52 | 208.50 | 158.96 | 146.83 |
Average Receivables |
2.60 | 2.03 | 1.72 | 2.50 | 3.05 | 2.30 | 2.07 | 2.32 | 2.40 | 2.56 |
Average Payables |
1.96 | 1.83 | 1.23 | 1.69 | 2.32 | 2.21 | 3.53 | 4.22 | 3.60 | 3.83 |
Average Inventory |
7.06 | 7.55 | 9.01 | 10.09 | 8.94 | 9.03 | 10.46 | 10.15 | 8.50 | 7.91 |
Average Assets |
22.81 | 24.30 | 27.42 | 30.89 | 31.46 | 31.33 | 30.71 | 29.67 | 29.43 | 30.15 |
Average Common Equity |
8.27 | 10.35 | 14.08 | 17.92 | 18.26 | 16.44 | 15.38 | 16.51 | 17.36 | 17.22 |
Columns are period end dates