Cyan AG (HAM:CYR) Research & Development: €0.09 Mil (TTM As of Dec. 2025)


HAM:CYR Cyan AG HAM:CYR
70 GF Score
Price €1.90
GF Value €3.71
! 3 Warning Signs
View Full Analysis

What is Cyan AG Research & Development?

Cyan AG HAM:CYR 70 Research & Development is €0.09 Mil as of Dec. 2025. GuruFocus rates HAM:CYR with a GF Score™ of 70/100 and a GF Value™ of €3.71. The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Cyan AG's Research & Development for the six months ended in Dec. 2025 was €0.04 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €0.09 Mil.

Cyan AG  (HAM:CYR) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Cyan AG Research & Development Related Terms

Cyan AG Research & Development Historical Data

* Premium members only.

The historical data trend for Cyan AG's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cyan AG Research & Development Chart

Cyan AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.15 0.07 0.11 0.09

Cyan AG Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.08 0.03 0.04 0.04
HAM:CYR
70GF Score
Cyan AG HAM:CYR
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cyan AG Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.09 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €0.09 Mil mean?
Cyan AG (HAM:CYR) has a Research & Development of €0.09 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Cyan AG and its competitors.
Is Cyan AG's Research & Development too high?
Cyan AG's current Research & Development is €0.09 Mil. Overall, Cyan AG has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Cyan AG's Research & Development compare to MSFT and ORCL?
Cyan AG's Research & Development of €0.09 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Cyan AG and its competitors. Cyan AG's current Research & Development is €0.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyan AG stock overvalued right now?
Cyan AG (HAM:CYR) has a current Research & Development of €0.09 Mil. The stock's GF Value™ is €3.71, compared to a current price of €1.90 — trading 48.8% below its estimated fair value. The current Research & Development is €0.09 Mil. Cyan AG's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Cyan AG (HAM:CYR), the current Research & Development is €0.09 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cyan AG (HAM:CYR) Overvalued in 2026?

Based on GuruFocus' analysis, Cyan AG stock appears to be undervalued. The current stock price of €1.90 is trading 48.8% below its estimated GF Value™ of €3.71.

Key valuation signals for HAM:CYR:

  • Research & Development: €0.09 Mil
  • GF Value™: €3.71 vs. price of €1.90 (48.8% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the HAM:CYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cyan AG Business Description

Other Exchanges CYR:Germany
Address Josephspitalstrasse 15, Munich, DEU, 80331
Cyan AG offers cybersecurity solutions for end customers of mobile network operators (MNOS) and mobile virtual network operators (MVNOs). Its solutions are Threat Intelligence, Network Solutions, Endpoint Solutions, and SMB Solutions.
70GF Score

Get the complete analysis for HAM:CYR

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.90
Price
€3.71
GF Value