Cipher Digital financials
$16.51−1.37%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.8M | $34.8M | $59.7M | $71.7M | $43.6M | $49.0M | $42.2M | $24.1M | $36.8M | $48.1M | $43.4M | $30.3M |
| Gross profit | $9.8M | $17.1M | $35.5M | $45.0M | $28.2M | $34.1M | $24.0M | $9.0M | $22.5M | $33.3M | $30.1M | $17.3M |
| Gross margin | 39.4% | 49.2% | 59.4% | 62.7% | 64.8% | 69.6% | 56.9% | 37.5% | 61.2% | 69.2% | 69.4% | 57.1% |
| Operating income | -$68.4M | -$94.6M | -$261.0M | -$37.1M | -$40.6M | -$25.8M | -$42.9M | -$43.3M | -$21.3M | $37.5M | -$9.2M | -$22.8M |
| Net income | -$267.5M | -$114.3M | -$734.2M | -$3.3M | -$45.8M | -$39.0M | $17.5M | -$86.8M | -$15.3M | $39.9M | $10.6M | -$18.6M |
| Net margin | −1077.1% | −328.1% | −1229.6% | −4.6% | −105.1% | −79.6% | 41.5% | −359.9% | −41.5% | 82.9% | 24.4% | −61.4% |
| Diluted EPS | $-0.65 | $-0.28 | $-1.85 | $-0.01 | $-0.12 | $-0.11 | $0.05 | $-0.26 | $-0.05 | $0.13 | $0.04 | $-0.07 |
| EBITDA | -$49.0M | -$75.6M | -$209.1M | $22.5M | $3.5M | $17.7M | -$6.6M | -$14.6M | -$1.0M | $54.8M | -$9.2M | -$6.6M |
| Operating cash flow | -$243.5M | $91.5M | -$54.4M | -$50.1M | -$56.2M | -$47.2M | -$29.0M | -$6.5M | -$25.4M | -$26.6M | -$47.9M | -$18.5M |
| Free cash flow | -$653.8M | -$462.5M | -$284.6M | -$95.2M | -$174.8M | -$146.9M | -$104.2M | -$183.0M | -$64.9M | -$39.3M | -$65.4M | -$24.6M |
| Diluted shares | 409.4M | 405.1M | 397.7M | 393.2M | 375.1M | 360.5M | 341.0M | 332.7M | 314.4M | 304.4M | 260.2M | 251.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $831.8M | $715.2M | $628.3M | $1.21B | $62.7M | $23.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.55B | $4.74B | $2.76B | $1.03B | $176.4M | $45.7M |
| Total assets | $7.50B | $6.39B | $4.29B | $2.84B | $1.02B | $913.8M |
| Total liabilities | $6.91B | $5.65B | $3.46B | $2.06B | $269.9M | $179.0M |
| Shareholders' equity | $562.1M | $714.2M | $805.5M | $783.2M | $748.9M | $734.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology