Germany's Cyan preliminary 2025 revenue rises on customer growth

Cyan AG

31/03/2026 07:41

Overview

Germany cybersecurity provider's preliminary fiscal 2025 revenue rose 30% to EUR 9.2 mln

Company achieved turnaround with positive EBITDA within projected range

End-customer base grew 47% amid international expansion and new product launches

Outlook

Cyan expects 2026 revenue between EUR 10.2 mln and EUR 11.5 mln

Company sees positive EBITDA for 2026

Company expects new long-term customer relationships in 2026

Result Drivers

RECURRING REVENUE - Co said revenue growth was driven by rising recurring revenue from existing and new customers

INTERNATIONAL EXPANSION - Co expanded its business internationally, entering new markets and extending partnerships, contributing to end-customer base growth

NEW PRODUCT LAUNCH - Launch of cyan Guard 360 targeted small and medium-sized enterprises as a new customer segment

Company press release: ID:nEQ5btgwFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
EUR 9.20 mln
EUR 9.15 mln (2 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Cyan AG is €4.35, about 123.1% above its March 30 closing price of €1.95

The stock recently traded at 390 times the next 12-month earnings vs. a P/E of 1,605 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)