Cipher Mining Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 31, 2021
Revenue	206.45	151.27	126.84	3.04	-	-
Revenue Growth (YoY)	35.41%	19.26%	4076.56%	-	-	-
Cost of Revenue	136.3	123.16	107.71	0.75	-	-
Gross Profit	70.15	28.11	19.13	2.29	-	-
Selling, General & Admin	35.49	32.66	27.8	70.84	78.71	0.04
Other Operating Expenses	-50.24	-66.19	-11.04	1.46	-	-
Operating Expenses	168.67	68.91	75.85	76.68	78.71	0.04
Operating Income	-98.51	-40.8	-56.72	-74.39	-78.71	-0.04
Interest Expense	-3.79	-1.71	-2	-0.14	-0.03	-
Interest & Investment Income	1.3	3.38	0.16	0.22	0	-
Earnings From Equity Investments	-9.86	-0.38	-2.53	-36.97	-	-
Other Non Operating Income (Expenses)	35.08	-4.81	36.52	74.07	0.14	-
EBT Excluding Unusual Items	-75.79	-44.32	-24.57	-37.21	-78.6	-0.04
Merger & Restructuring Charges	-	-	-	-	-0.11	-
Other Unusual Items	4.05	-	2.36	-	-	-
Pretax Income	-71.74	-44.32	-22.21	-37.21	-78.71	-0.04
Income Tax Expense	-1.21	0.32	3.57	1.84	-	-
Net Income	-70.53	-44.64	-25.78	-39.05	-78.71	-0.04
Net Income to Common	-70.53	-44.64	-25.78	-39.05	-78.71	-0.04
Shares Outstanding (Basic)	369	323	252	248	218	-
Shares Outstanding (Diluted)	369	323	252	248	218	-
Shares Change (YoY)	22.61%	27.99%	1.70%	13.85%	-	-
EPS (Basic)	-0.19	-0.14	-0.10	-0.16	-0.36	-
EPS (Diluted)	-0.19	-0.14	-0.10	-0.16	-0.36	-
Free Cash Flow	-520.27	-389.96	-148.63	-248.24	-165.42	-
Free Cash Flow Per Share	-1.41	-1.21	-0.59	-1.00	-0.76	-
Gross Margin	33.98%	18.58%	15.09%	75.37%	-	-
Operating Margin	-47.72%	-26.97%	-44.71%	-2449.32%	-	-
Profit Margin	-34.16%	-29.51%	-20.32%	-1285.91%	-	-
Free Cash Flow Margin	-252.00%	-257.79%	-117.18%	-8173.76%	-	-
EBITDA	84.91	61.65	2.38	-70.01	-78.71	-
EBITDA Margin	41.13%	40.75%	1.87%	-	-	-
D&A For EBITDA	183.42	102.45	59.09	4.38	0.01	-
EBIT	-98.51	-40.8	-56.72	-74.39	-78.71	-0.04
EBIT Margin	-47.72%	-26.97%	-44.71%	-	-	-

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q