Cipher Digital Inc.
CIFR Nasdaq· Finance Services
Last close · Oct 23, 2026
$7.94
KIRA · Stoqly’s AI analyst, in plain words
- Cipher Digital Inc. had $224M of revenue in fiscal 2025, up 48.0% on the year before.
- Its operating margin was −188.2%, down 159.4 pts: of every 100 in sales, about −188 is left after running the business.
- Cipher Digital Inc. lost $822M in fiscal 2025.
- Free cash flow was −$696M in fiscal 2025, −310.7% of revenue.
- Cipher Digital Inc. returned $89.6M to shareholders in fiscal 2025. The diluted share count rose 18.1%.
- Cipher Digital Inc. owes $2.1B more than it holds in cash.
Market cap
$3.3B
P/E
—
Revenue
$224M
Net income
−$822M
Free cash flow
−$696M
Operating margin
−188.2%
Cipher Digital Inc. in 30 seconds · fiscal 2025
Are sales growing?
+48.0%
Yes. Sales grew 48.0% last year.
Does it make a profit?
−367.2%
No. It lost money last year.
Does profit turn into cash?
−310.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Cipher Digital Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- Cipher Digital Inc.
- CIK
- 0001819989
Cipher Digital Inc. · CIFR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | — | $127M | $151M | $224M |
| Revenue growth | — | — | — | 19.3% | 48.0% |
| Gross margin | — | — | 60.3% | 58.8% | 63.7% |
| Operating margin | — | — | −15.9% | −28.9% | −188.2% |
| Net income | −$0.1M | — | −$25.8M | −$44.6M | −$822M |
| Net margin | — | — | −20.3% | −29.5% | −367.2% |
| Diluted EPS | — | — | −$0.10 | −$0.14 | −$2.15 |
| Cash | |||||
| Cash from operations | — | — | −$94.2M | −$87.5M | −$208M |
| Capital expenditure | — | — | $20.5M | $139M | $488M |
| Free cash flow | — | — | −$115M | −$227M | −$696M |
| FCF margin | — | — | −90.4% | −150.1% | −310.7% |
| Share buybacks | — | — | $3.9M | $27.6M | $89.6M |
| Share count change | — | — | — | 28.0% | 18.1% |
| Debt and strength | |||||
| Cash and short-term investments | $171M | $11.9M | $74.2M | $5.6M | $628M |
| Debt incl. finance leases | — | — | $14.5M | $43.5M | $2.8B |
| Shareholders' equity | $1.3M | $343M | $491M | $682M | $806M |
| Net debt / EBITDA | — | — | −1.5x | 0.6x | — |
| Current ratio | 12.2x | 1.2x | 4.6x | 1.3x | 3.8x |
| Interest coverage | — | — | −10.1x | −25.6x | −11.5x |
| Returns and quality | |||||
| Return on capital | — | — | −3.8% | −4.9% | −11.4% |
| Return on equity | −7.9% | — | −6.2% | −7.6% | −110.6% |
| Return on tangible equity | — | — | −5.3% | −6.6% | −112.9% |
| Piotroski F-score | — | — | — | 0 | 3 |
| Altman Z'' | 5.7 | — | 7.3 | 3.4 | 1.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$97.1M
9 insiders
Of sales under plans
12%
$12.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cipher Digital Inc. · CIFR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $7.94 a share, the company is worth $3.3B.
Source: SEC EDGAR XBRL filings (CIK 0001819989). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.