No, the crest is only there while the male is in breeding season. The rest of the year, it´s reabsorved.
Maybe your animal is in his first year. Young subadult males can have a pseudo-cycle where they aren´t fully mature but they look like they are trying hard for a long while xD I have a juvenile right now that is in the same condition. Small crest, underdeveloped colors, but with a lot of hope for the future....