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cyan grows further, earnings weighed down by investments
The cybersecurity provider cyan increased group revenue in the first half of 2026 by 11% to €4.9m, driven by a 30% larger end-customer base and 96% recurring revenue. EBITDA fell to €0.2m (previous year €0.5m), which the company attributed to planned investments in product development and sales; last year’s higher result was also supported by one-off effects. cyan confirms the full-year guidance of €10.2–11.5m in revenue and again a positive EBITDA, but expects EBITDA to be below the 2025 level due to the investments and needs a substantial revenue increase in the second half to reach the top of the guidance range. » More on finanzen.net
cyan adjusts 2025 forecast: group EBITDA now €0.75–0.85m
The management board of cyan has raised its 2025 group EBITDA forecast to a positive result of €0.75 to €0.85 million. The reason is higher other income from unplanned recharges as well as additional revenue from change requests and set-up fees. Previously, only a slightly positive EBITDA had been expected for 2025 (2024: -€1.5m; H1 2025: €0.5m). » More on finanzen.net
Financials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 4.88m | - |
| Gross profit | 690k | - |
| Net profit | -422k | - |
| EBITDA | -251k | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €46.84m |
Number of shares | 20.19m |
52-week high/low | €2.74 - €1.82 |
| Dividends | No |
Beta | 0.81 |
P/E ratio | -67.64 |
PEG ratio | -1.00 |
P/B ratio | 1.86 |
P/S ratio | 4.86 |
Company profile
cyan AG, through its subsidiaries, provides intelligent IT security solutions and telecommunication services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company operates through two segments, Cybersecurity and BSS/OSS. It provides BSS/OSS services, such as connection to the network operator, billing, management of credit balances, provisioning, etc. to mobile virtual network operators (MVNO) to operate a virtual mobile operator. The company also provides OnNet Security, a network-based solution that enables service providers and carriers to take advantage of existing infrastructure by providing converged security; OnDevice Security, an endpoint-based solution that enables service providers to keep customers' devices safe from cyber-threats, including phishing, fraud, malware, and others; child protection solutions, an application-based security solution for child protection; Clean Pipe Domain Name system solutions that enables service providers and MVNO to filter unwanted data traffic and malicious content directly on their network. The company also provides cyber security solutions for the mobile and fixed line internet providers, MVNO, banks, insurance companies, and financial services providers. cyan AG was founded in 2017 and is headquartered in Munich, Germany.
| Name | cyan Digital Security |
| CEO | Markus Cserna |
| Headquarters | Munich,
bv Germany |
| Website | |
| Sector | Information Technology |
| Industry | IT Services |
| IPO | 19/04/2018 |
| Employees | 48 |
Ticker symbols
| Exchange | Symbol |
|---|---|
XETRA | CYR.DE |
Frankfurt | CYR.F |
Düsseldorf | CYR.DU |
Hamburg | CYR.HM |
München | CYR.MU |