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Cipher Digital Inc.

CIFR

$17.18 ▼ -1.02 (-5.58%) at close

6 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Cipher Digital Inc. faces fundamental challenges with weakness in Return on Common Equity (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $6.6B

Dividend Yield —

Revenue Growth 48.0% ↗

Op. Margin -188.2% ↘

ROIC -11.9% ↘

FCF / Share $-1.82 ↘

Trailing P/E —

Price / Book 8.6x

FCF Yield —

Debt / Equity 3.41

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$223.94M

↑ +48.0% —

Net Income Profit after all expenses

$-822.24M

↓ -1742.2% —

Operating Margin Operating profit as % of sales

-188.2%

↓ -551.6% 0th

FCF / Share Free cash flow per share

$-1.82

↓ -159.5% —

Long-Term Debt Long-term obligations

$2.71B

— —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue Growth YoY (%)	48.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+701%)	19.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+221%)	4076.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+67843%)	—	—	—
EPS Growth YoY (%)	-1435.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-40.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	37.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	51.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-1742.2% Weak ↓ Weak Declining Year-over-year change in net income	-73.2% Weak ↓ Weak Declining Year-over-year change in net income	34.0% Excellent Excellent Year-over-year change in net income	45.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-159.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	-54.6% Weak ↑ Weak Improving Year-over-year change in free cash flow	-87.6% Weak Weak Year-over-year change in free cash flow	-43.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	319.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Operating Margin (%) (%)	-188.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-853%)	-28.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-216%)	-15.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-163%)	—	—	—
Effective Tax Rate (%) (%)	0.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-16.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-367.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1769%)	-29.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-20.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-192%)	—	—	—
FCF Margin (%) (%)	-310.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-150.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-90.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.85x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	5.09x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.45x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.54x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Return on Invested Capital (%)	-11.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-11.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-20.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-9.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	-20.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-102.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-951%)	-6.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-155%)	-5.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-144%)	-11.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-195%)	-20.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-270%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Debt to Equity (x)	3.41x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+184%)	0.05x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-96%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—
Interest Coverage (x)	-290.53x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	-273.15x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2672.30x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.12B	$26.75M	$-86.11M	$-11.93M	$-209.84M	$-1.28M
Debt / EBITDA (x)	-12.35x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.55x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue per Share (USD)	$0.59	$0.47	$0.50	$0.01	—	—
Basic EPS, GAAP (USD)	$-2.15	$-0.14	$-0.10	$-0.16	$-0.33	—
Free Cash Flow per Share (USD)	$-1.82	$-0.70	$-0.45	$-0.24	$-0.17	—
Book Value per Share (USD)	$1.99	$1.94	$1.69	$1.39	$1.43	$1.04
Tangible Book Value per Share (USD)	$1.80	$1.92	$1.66	$1.38	$1.43	$0.00
Basic Weighted Avg Shares (shares)	381.60M	323.10M	252.44M	248.23M	218.03M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Working Capital (USD)	$1.95B	$36.43M	$121.70M	$7.41M	$223.16M	$-164.90M
LT Debt (USD)	$2.71B	$0.00	—	—	—	—
Total Equity (USD)	$805.53M	$681.95M	$491.34M	$342.89M	$353.53M	$5.00M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Sales/Revenue/Turnover (USD)	$223.94M	$151.27M	$126.84M	$3.04M	—	—
Depreciation Expense (USD)	$198.97M	$102.45M	$58.97M	$4.38M	$5.00K	—
Net Income, GAAP (USD)	$-822.24M	$-44.63M	$-25.78M	$-39.05M	$-72.15M	—
Operating Cash Flow (USD)	$-207.94M	$-87.51M	$-94.24M	$-20.91M	$-31.67M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 25 quarters

Cipher Digital Inc.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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