(CYBN) Cybin - Overview

Exchange: NYSE MKT • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA23256X1006

Stock: Psilocybin Analog, Deuterated Dmt, Injectable Dmt, Phenethylamine Derivative

Total Rating 12
Risk 52
Buy Signal -0.76

EPS (Earnings per Share)

EPS (Earnings per Share) of CYBN over the last years for every Quarter: "2020-12": -0.1, "2021-03": -0.08, "2021-06": -0.09, "2021-09": -0.11, "2021-12": -0.1, "2022-03": -0.1, "2022-06": -0.07, "2022-09": -0.06, "2022-12": -0.06, "2023-03": -0.07, "2023-06": -0.07, "2023-09": -0.05, "2023-12": -0.09, "2024-03": -0.0328, "2024-06": -0.02, "2024-09": -2.86, "2024-12": -0.53, "2025-03": -1.46, "2025-06": -1.46, "2025-09": -1.39,

Revenue

Revenue of CYBN over the last years for every Quarter: 2020-12: 0, 2021-03: -0.000138, 2021-06: 0, 2021-09: 0, 2021-12: 0, 2022-03: 0, 2022-06: 0, 2022-09: 0, 2022-12: 0, 2023-03: 0, 2023-06: 0, 2023-09: 0, 2023-12: 0, 2024-03: 0, 2024-06: 0, 2024-09: 0, 2024-12: 0, 2025-03: 0, 2025-06: 0, 2025-09: 0,
Risk 5d forecast
Volatility 82.0%
Relative Tail Risk -15.5%
Reward TTM
Sharpe Ratio -0.34
Alpha -55.45
Character TTM
Beta 1.015
Beta Downside 0.644
Drawdowns 3y
Max DD 79.66%
CAGR/Max DD -0.35

Description: CYBN Cybin January 01, 2026

Cybin Inc. (NYSE MKT: CYBN) is a Toronto-based, clinical-stage biotech focused on psychedelic-derived medicines for mental-health disorders. Its lead assets include CYB003, a deuterated psilocybin analog currently in a Phase 3 trial for major depressive disorder (MDD), and CYB004, a deuterated DMT in Phase 2 for generalized anxiety disorder. The pipeline also features SPL028 (injectable deuterated DMT, completed Phase 1), SPL026 (MDD candidate), and CYB005 (phenethylamine derivative in pre-clinical development). A strategic partnership with Segal Trials underpins the multinational Phase 3 PARADIGM program for CYB003 as an adjunctive MDD therapy.

As of the latest filing, CYBN’s market capitalization hovers around $180 million, with a cash runway of roughly 12 months supported by a $30 million private placement closed in Q3 2024. The psychedelic-therapy sector is experiencing a compound annual growth rate of ~30 % through 2030, driven by increasing FDA openness to breakthrough-therapy designations and rising global mental-health spending, which exceeded $200 billion in 2023. CYBN’s deuterated compounds aim to improve pharmacokinetic stability, a differentiator that could command premium pricing if Phase 3 endpoints are met.

For a deeper quantitative assessment, the ValueRay platform provides a granular, data-driven valuation model for CYBN that you may want to explore.

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -0.63 > 0.02 and ΔFCF/TA -24.67 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.62 > 3% & CFO -112.3m > Net Income -99.5m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 8.58 > 1.5 & < 3
Outstanding Shares: last quarter (24.2m) vs 12m ago 21.00% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%)
Interest Coverage Ratio: -5.80 > 6 (EBITDA TTM -84.6m / Interest Expense TTM 14.6m)

Altman Z'' -2.95

A: 0.56 (Total Current Assets 114.6m - Total Current Liabilities 13.4m) / Total Assets 181.2m
B: -1.65 (Retained Earnings -299.9m / Total Assets 181.2m)
C: -0.38 (EBIT TTM -84.8m / Avg Total Assets 221.8m)
D: 1.29 (Book Value of Equity 54.5m / Total Liabilities 42.2m)
Altman-Z'' Score: -2.95 = D

What is the price of CYBN shares?

As of February 10, 2026, the stock is trading at USD 5.98 with a total of 715,187 shares traded.
Over the past week, the price has changed by -12.95%, over one month by -20.58%, over three months by -5.97% and over the past year by -36.18%.

Is CYBN a buy, sell or hold?

Cybin has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy CYBN.
  • StrongBuy: 4
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the CYBN price?

Issuer Target Up/Down from current
Wallstreet Target Price 48.2 705.2%
Analysts Target Price 48.2 705.2%
ValueRay Target Price 4.6 -23.6%

CYBN Fundamental Data Overview February 04, 2026

Market Cap CAD = 564.2m (413.1m USD * 1.3657 USD.CAD)
P/S = 278.2498
P/B = 2.3799
Revenue TTM = 0.0 CAD
EBIT TTM = -84.8m CAD
EBITDA TTM = -84.6m CAD
Long Term Debt = 28.9m CAD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 28.9m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = -54.9m CAD (from netDebt column, last quarter)
Enterprise Value = 509.3m CAD (564.2m + Debt 28.9m - CCE 83.8m)
Interest Coverage Ratio = -5.80 (Ebit TTM -84.8m / Interest Expense TTM 14.6m)
EV/FCF = -4.46x (Enterprise Value 509.3m / FCF TTM -114.3m)
FCF Yield = -22.45% (FCF TTM -114.3m / Enterprise Value 509.3m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 2.81 (Enterprise Value 509.3m / Total Assets 181.2m)
Interest Expense / Debt = 0.43% (Interest Expense 124.0k / Debt 28.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = -67.0m (EBIT -84.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 8.58 (Total Current Assets 114.6m / Total Current Liabilities 13.4m)
Debt / Equity = 0.21 (Debt 28.9m / totalStockholderEquity, last quarter 139.0m)
Debt / EBITDA = 0.65 (negative EBITDA) (Net Debt -54.9m / EBITDA -84.6m)
Debt / FCF = 0.48 (negative FCF - burning cash) (Net Debt -54.9m / FCF TTM -114.3m)
Total Stockholder Equity = 192.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -44.84% (Net Income -99.5m / Total Assets 181.2m)
RoE = -51.79% (Net Income TTM -99.5m / Total Stockholder Equity 192.0m)
RoCE = -38.39% (EBIT -84.8m / Capital Employed (Equity 192.0m + L.T.Debt 28.9m))
RoIC = -31.85% (negative operating profit) (NOPAT -67.0m / Invested Capital 210.4m)
WACC = 9.21% (E(564.2m)/V(593.1m) * Re(9.66%) + D(28.9m)/V(593.1m) * Rd(0.43%) * (1-Tc(0.21)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -56.39%
Fair Price DCF = unknown (Cash Flow -114.3m)
EPS Correlation: -70.41 | EPS CAGR: -15.41% | SUE: -0.06 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Year (2027-03-31): EPS=-4.03 | Chg30d=+0.788 | Revisions Net=+1 | Growth EPS=+6.0% | Growth Revenue=+0.0%

Additional Sources for CYBN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle