Cipher Digital financials
$16.51−1.37%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 |
|---|---|---|---|---|
| Revenue | $223.9M | $151.3M | $126.8M | $3.0M |
| Gross profit | $142.7M | $88.9M | $76.5M | $2.3M |
| Gross margin | 63.7% | 58.8% | 60.3% | 75.4% |
| Operating income | -$374.1M | -$111.6M | -$38.6M | -$72.9M |
| Net income | -$822.2M | -$44.6M | -$25.8M | -$39.1M |
| Net margin | −367.2% | −29.5% | −20.3% | −1285.9% |
| Diluted EPS | $-2.15 | $-0.14 | $-0.10 | $-0.16 |
| EBITDA | -$175.2M | -$9.1M | $20.5M | -$67.8M |
| Operating cash flow | -$207.9M | -$87.5M | -$94.2M | -$20.9M |
| Free cash flow | -$702.2M | -$391.4M | -$149.3M | -$248.8M |
| Diluted shares | 381.6M | 323.1M | 252.4M | 248.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $628.3M | $5.6M | $86.1M | $11.9M | $209.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $2.76B | $43.5M | $14.5M | $14.8M | $0.00 |
| Total assets | $4.29B | $855.4M | $566.1M | $418.5M | $354.2M |
| Total liabilities | $3.46B | $173.5M | $74.8M | $75.6M | $636.0K |
| Shareholders' equity | $805.5M | $682.0M | $491.3M | $342.9M | $353.5M |
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