| Annual · values | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.19 M USD | -455000 USD | -2.10 M USD | 2.38 M USD | 2.40 M USD | 1.24 M USD | -847000 USD | 1.49 M USD | 1.22 M USD | 745000 USD | 1.24 M USD | 2.15 M USD |
| Depreciation & Amortization | 1.48 M USD | 1.59 M USD | 1.66 M USD | 1.60 M USD | 1.75 M USD | 1.93 M USD | 1.91 M USD | 1.88 M USD | 1.98 M USD | 1.55 M USD | 1.24 M USD | 1.09 M USD |
| Stock-Based Compensation | 247000 USD | 359000 USD | 310000 USD | 344000 USD | 214000 USD | 577000 USD | 322000 USD | 400000 USD | 232000 USD | 665000 USD | 741000 USD | 770000 USD |
| Capital Expenditures | — | — | — | — | — | — | 431000 USD | 1.00 M USD | 847000 USD | 4.30 M USD | 4.30 M USD | 4.12 M USD |
| Cash Flow from Investing | -247000 USD | -381000 USD | -1.07 M USD | -1.27 M USD | -760000 USD | -224000 USD | -531000 USD | -1.07 M USD | -847000 USD | -3.82 M USD | -3.42 M USD | -2.13 M USD |
| Cash Flow from Financing | 990000 USD | 569000 USD | 1.55 M USD | -2.29 M USD | -290000 USD | 558000 USD | 824000 USD | -498000 USD | -206000 USD | 2.09 M USD | 91000 USD | -76000 USD |
| Dividends Paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock Buybacks | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | -1.28 M USD | 485000 USD | 373000 USD | -3.56 M USD | -3.06 M USD | -1.97 M USD |
Cyanotech Corporation is an agricultural company specializing in the cultivation, production, and sale of natural products derived from microalgae, primarily for the nutritional supplements market. Founded in 1983 and based in Kailua-Kona, Hawaii, the company operates extensive open-air cultivation ponds dedicated to producing high-value microalgae strains. Cyanotech’s flagship products include BioAstin Hawaiian Astaxanthin, a natural antioxidant formulated to support skin, eye, joint, and immune health, and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement known for promoting energy, immune function, and cardiovascular health. These products are distributed globally, serving health-conscious consumers through both bulk and branded finished goods channels. Cyanotech also offers contract extraction and research and development services, extending its reach into custom formulations for third parties. The company’s role in the market centers on advancing naturally-derived nutritional products with a strong emphasis on sustainable and environmentally sensitive operations, addressing growing global demand for functional food ingredients and wellness supplements.