Summary:Cyathodium is a thalloid marchantialean liverwort with five species reported for the Neotropics. Three species that occur in Panama (C. bischlerianum, C. spruceanum, C. cavernarum) and one from Costa Rica (C. foetidissimum) were studied chemically. Female and male plants of the dioecious C. spruceanum were very similar in their chemical composition except for two compounds that were found only in female plants. All samples of C. spruceanum and C. bischlerianum contained, in less than three percent, the sesquiterpenes germacrene D and bicyclogermacrene. The presence of these compounds suggests a close affinity between these two species. Cyathodium bischlerianum contained mainly aromatic monoterpenes with nerolidol as the main compound. Cyathodium cavernarum also had a very distinct chemical composition with an octane derivative as its major compound. Indole compounds were found only in C. foetidissimum. The presence of these compounds in plants from Costa Rica and Tahiti suggests that they could be considered as potential chemosystematic markers for the species. Based on their chemical composition there is a clear distinction between the four species of Cyathodium studied. The chemistry of these species supports previous morphological and genetic studies. Only two compounds could be identified in Leiosporoceros dussii. There is a need for additional genetic and chemical studies on neotropical Cyathodium and Leiosporoceros.Key words: Costa Rica, diterpenes, hornwort, Neotropical liverworts, Panama, sesquiterpenes, skatole.Resumen: Identificación de compuestos volátiles de tres especies de Cyathodium (Marchantiophyta: Cyathodiaceae) y Leiosporoceros dussii (Anthocerotophyta: Leiosporocerotaceae) de Panama y C. foetidissimum de Costa Rica. Cyathodium es una hepática marchantial con cinco especies comunicadas para el Neotrópico. Se estudió la composición química de tres especies que crecen en Panamá (C. bischlerianum, C. spruceanum, C. cavernarum) y, una que crece en Costa Rica (C. foetidissimum). Plantas femeninas y masculinas del dioico C. spruceanum fueron muy similares en su composición química excepto por dos compuestos que se encontraron solo en plantas femeninas. Todas las muestras de Cyathodium spruceanum y C. bischlerianum contenían, en un porcentaje de menos del tres por ciento, los sesquiterpenos germacreno D y biciclogermacreno. La presencia de estos compuestos sugiere una afinidad muy cercana entre las dos especies. Cyathodium bischlerianum contiene principalmente monoterpenos aromáticos con nerolidol como el compuesto principal. Cyathodium cavernarum también tuvo una composición química muy distintiva con un derivado del octano como su compuesto principal. Compuestos de indol fueron encontrados solo en C. foetidissimum. La presencia de estos compuestos en plantas de Costa Rica y Tahiti sugiere que puedan ser marcadores quimosistemáticos para esta especie.