Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Cipher Mining Inc. Revenue & Financial Statements
Cipher Mining Inc. reported revenue of $223.9M for the fiscal year ended December 31, 2025, up 48.0% year over year, with net income of $(822.2M) and diluted EPS of $-2.15.
- Company
- Cipher Mining Inc. CIFR · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | 3.0M | 126.8M | 151.3M | 223.9M |
| Cost of revenue | — | 748K | 50.3M | 62.4M | 81.2M |
| Gross profit | — | 2.3M | 76.5M | 88.9M | 142.7M |
| Operating income | (72.2M) | (37.4M) | (20.1M) | (43.7M) | (421.6M) |
| Pretax income | — | (37.2M) | (22.2M) | (44.3M) | (825.6M) |
| Net income | (72.2M) | (39.1M) | (25.8M) | (44.6M) | (822.2M) |
| Diluted EPS | — | -0.16 | -0.10 | -0.14 | -2.15 |
| EBITDA | (72.1M) | (33.0M) | 38.9M | 58.1M | (222.6M) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48.1M | 36.8M | 24.1M | 42.2M | 49.0M | 43.6M | 71.7M | 59.7M |
| Cost of revenue | 14.8M | 14.3M | 15.1M | 18.2M | 14.9M | 15.3M | 26.7M | 24.3M |
| Gross profit | 33.3M | 22.5M | 9.0M | 24.0M | 34.1M | 28.2M | 45.0M | 35.5M |
| Operating income | 46.8M | (16.2M) | (91.4M) | 17.1M | (38.1M) | (45.2M) | (37.6M) | (300.6M) |
| Pretax income | 45.5M | (14.8M) | (90.6M) | 15.5M | (38.8M) | (44.9M) | (3.6M) | (738.3M) |
| Net income | 39.9M | (15.3M) | (86.8M) | 17.5M | (39.0M) | (45.8M) | (3.3M) | (734.2M) |
| Diluted EPS | 0.13 | -0.05 | -0.26 | 0.06 | -0.11 | -0.12 | -0.01 | -1.92 |
| EBITDA | 63.9M | (1.8M) | (62.9M) | 53.2M | 5.2M | (1.3M) | 21.7M | (248.7M) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 354.2M | 418.5M | 566.1M | 855.4M | 4.3B |
| Current assets | 223.7M | 47.7M | 155.5M | 168.2M | 2.7B |
| Cash & equivalents | 209.8M | 11.9M | 86.1M | 5.6M | 628.3M |
| Total liabilities | 636K | 75.6M | 74.8M | 173.5M | 3.5B |
| Current liabilities | 499K | 40.3M | 33.8M | 131.8M | 699.1M |
| Long-term debt | — | — | — | — | 2.7B |
| Total debt | — | — | — | 32.3M | 2.7B |
| Stockholders’ equity | 353.5M | 342.9M | 491.3M | 682.0M | 805.5M |
| Net debt | — | — | — | 26.7M | 2.1B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | (31.7M) | (20.9M) | (94.2M) | (87.5M) | (207.9M) |
| Investing cash flow | (120.1M) | (173.9M) | 52.8M | (192.1M) | (336.6M) |
| Financing cash flow | 361.6M | (3.1M) | 115.7M | 213.5M | 3.2B |
| Capital expenditure | 5.1M | 39.8M | 20.5M | 139.5M | 487.9M |
| Free cash flow | (36.8M) | (60.7M) | (114.7M) | (227.0M) | (695.9M) |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 63.8M | 41.5M | 38.5M | 42.1M | 52.8M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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