Cipher Digital
CIFR
14.56
-0.94
-6.06%
Cipher Digital
US · CIFR
#1848 by market cap
Listed 1970
14.56
-0.94
-6.06%
Live - 5344 symbols - heartbeat 191s ago
· 2026-10-08 08:40
Pre-market
14.27
-1.99%
After-hours
14.64
+0.55%
Overnight
14.40
-1.10%
- Market cap
- 6.04B
- P/E (TTM)i
- -5.09
- P/Bi
- 10.75
- EPSi
- -2.15
- Div yieldi
- 0.00%
- 52W posi
- 15%
Reader sentiment
Are you bullish or bearish on CIFR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.06, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 5 years
Latest year +48.04% YoY
Margins
- Gross margin
- 28.40%
- Operating margin
- -150.67%
- Net margin
- -367.17%
Key ratios & quality
- Enterprise valuei
- 8.17B
- Altman Z-Scorei
- 1.06
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 0 | 3.04M | 126.84M | 151.27M | 223.94M |
| Gross profit | 0 | 2.29M | 19.13M | 28.11M | 63.60M |
| Selling & admin expenses | 72.15M | 70.84M | 27.80M | 32.66M | 36.38M |
| Research & development | -- | -- | -- | -- | -- |
| Operating profit | -72.15M | -72.47M | -55.46M | -98.26M | -337.40M |
| Pretax profit | -72.15M | -37.21M | -22.21M | -44.32M | -825.56M |
| Tax | 0 | 1.84M | 3.57M | 318.00K | -3.31M |
| Net profit | -72.15M | -39.05M | -25.78M | -44.64M | -822.24M |
| Basic EPS | 0 | 0 | 0 | 0 | -2 |
| Diluted EPS | -0.33 | -0.16 | -0.10 | -0.14 | -2.15 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 48.96M | 43.57M | 71.71M | 59.71M | 34.84M | 24.84M |
| Gross profit | 19.76M | 12.58M | 30.53M | 730.00K | -17.87M | -32.57M |
| Selling & admin expenses | 8.95M | 9.08M | 8.17M | 10.19M | 11.74M | 16.48M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -32.14M | -28.06M | -34.75M | -228.94M | -64.28M | -72.64M |
| Pretax profit | -38.83M | -44.86M | -3.59M | -738.28M | -113.91M | -267.16M |
| Tax | 144.00K | 917.00K | -303.00K | -4.07M | 407.00K | 367.00K |
| Net profit | -38.98M | -45.78M | -3.28M | -734.21M | -114.32M | -267.53M |
| Basic EPS | 0 | 0 | 0 | -2 | 0 | -1 |
| Diluted EPS | -0.11 | -0.12 | -0.01 | -1.92 | -0.28 | -0.65 |
Balance sheet
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total current assets | 223.66M | 47.74M | 155.50M | 168.21M | 2.65B |
| Cash & ST investments | 209.84M | 11.93M | 86.11M | 5.59M | 628.26M |
| Inventory | 0 | 6.28M | 32.98M | 92.65M | 125.40M |
| Total assets | 354.17M | 418.46M | 566.14M | 855.45M | 4.29B |
| Total current liabilities | 499.00K | 40.33M | 33.79M | 131.78M | 699.07M |
| Short-term debt | -- | 3.94M | 4.57M | 39.26M | 43.76M |
| Long-term debt | -- | -- | -- | -- | 2.71B |
| Total liabilities | 636,000.00 | 75,571,000.00 | 74,801,000.00 | 173,493,000.00 | 3,456,054,000.00 |
| Total equity | 353.53M | 342.89M | 491.34M | 681.95M | 835.85M |
| Retained earnings | -72.16M | -111.21M | -136.78M | -181.41M | -1.00B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 154.56M | 219.66M | 1.42B | 2.65B | 3.89B | 4.13B |
| Cash & ST investments | 23.17M | 62.70M | 1.21B | 628.26M | 715.20M | 831.83M |
| Inventory | 52.02M | 112.09M | 170.30M | 125.40M | 76.15M | 37.80M |
| Total assets | 913.79M | 1.02B | 2.84B | 4.29B | 6.39B | 7.50B |
| Total current liabilities | 138.74M | 52.51M | 570.25M | 699.07M | 1.25B | 1.38B |
| Short-term debt | 42.56M | 7.46M | 7.65M | 43.76M | 361.60M | 101.20M |
| Long-term debt | -- | 167.11M | 1.02B | 2.71B | 4.38B | 5.45B |
| Total liabilities | 178,997,000.00 | 269,855,000.00 | 2,057,671,000.00 | 3,456,054,000.00 | 5,653,719,000.00 | 6,913,718,000.00 |
| Total equity | 734.80M | 748.90M | 783.20M | 835.85M | 739.87M | 587.74M |
| Retained earnings | -220.39M | -266.17M | -269.45M | -1.00B | -1.12B | -1.39B |
Cash flow
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -31.67M | -20.92M | -94.24M | -87.51M | -207.94M |
| Depreciation & amortization | 5.00K | 5.15M | 59.92M | 103.70M | 200.62M |
| Free cash flow | -151.63M | -248.83M | -149.26M | -391.39M | -702.18M |
| Dividends paid | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -23.25M | -3.09M | 128.54M | 194.05M | 155.89M |
| Ending cash balance | 209.84M | 11.93M | 86.11M | 19.98M | 2.66B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -47.24M | -56.22M | -50.05M | -54.43M | 91.53M | -243.54M |
| Depreciation & amortization | 43.84M | 45.05M | 59.42M | 52.31M | 19.61M | 20.19M |
| Free cash flow | -147.27M | -175.17M | -95.18M | -284.56M | -462.46M | -653.81M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 83.04M | 48.31M | 30.22M | -5.68M | -3.78M | 83.97M |
| Ending cash balance | 37.57M | 77.10M | 1.22B | 2.66B | 4.25B | 4.56B |
Returns & efficiency
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| ROE %i | -- | -11.22 | -6.18 | -7.61 | -110.55 |
| ROA %i | -- | -10.11 | -5.24 | -6.28 | -31.95 |
| ROIC %i | -- | -10.85 | -5.55 | -7.34 | -37.36 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- |
| EBIT margin %i | -- | -1,220.81 | -15.93 | -28.17 | -352.32 |
| FCF / sales %i | -- | -- | -- | -- | -- |
| Current ratioi | 448.22 | 1.18 | 4.60 | 1.28 | 3.79 |
| Quick ratioi | 420.52 | 0.33 | 2.57 | 0.31 | 0.90 |
| Debt / assetsi | 0.00 | 4.94 | 3.88 | 6.60 | 64.47 |
| LT debt / equityi | -- | 4.88 | 3.54 | 2.52 | 338.07 |
| Interest coveragei | -- | -270.63 | -10.11 | -24.95 | -21.58 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | 319.34 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -18.49 | -21.39 | -9.69 | -110.55 | -123.89 | -170.77 |
| ROA %i | -15.53 | -17.17 | -3.90 | -31.95 | -24.57 | -26.27 |
| ROIC %i | -17.55 | -18.54 | -5.40 | -37.36 | -27.30 | -29.50 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -83.19 | -98.12 | -32.91 | -352.32 | -383.99 | -503.63 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.11 | 4.18 | 2.49 | 3.79 | 3.13 | 3.00 |
| Quick ratioi | 0.41 | 1.23 | 2.12 | 0.90 | 0.58 | 0.62 |
| Debt / assetsi | 6.39 | 18.58 | 36.75 | 64.47 | 74.24 | 74.48 |
| LT debt / equityi | 2.15 | 24.28 | 132.32 | 338.07 | 614.00 | 975.99 |
| Interest coveragei | -60.68 | -54.69 | -17.93 | -21.58 | -8.49 | -5.99 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
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Quote time 2026-10-08 08:40:18 · For reference only, not investment advice and not tailored to your situation.