Cipher Digital Inc. (CIFR)

Cipher Digital Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	223.94	151.27	126.84	3.04
Revenue Growth (YoY)	48.04%	19.26%	4076.56%	-
Cost of Revenue	160.35	123.16	107.71	0.75
Gross Profit	63.6	28.11	19.13	2.29
Selling, General & Admin	36.38	32.66	27.8	70.84
Depreciation & Amortization Expenses	198.97	102.45	59.09	4.38
Other Operating Expenses	249.81	-63.29	-47.64	-35.5
Operating Income	-421.56	-43.7	-20.12	-37.42
Interest Income	19.48	3.38	0.16	0.22
Interest Expense	-36.56	-1.71	-2	-0.14
Other Non-Operating Income (Expense)	-386.91	-2.29	-0.26	0.13
Total Non-Operating Income (Expense)	-403.99	-0.62	-2.1	0.21
Pretax Income	-825.56	-44.32	-22.21	-37.21
Provision for Income Taxes	-3.31	0.32	3.57	1.84
Net Income	-822.24	-44.64	-25.78	-39.05
Net Income to Common	-822.24	-44.64	-25.78	-39.05
Shares Outstanding (Basic)	382	323	252	248
Shares Outstanding (Diluted)	382	323	252	248
Shares Change (YoY)	18.11%	27.99%	1.70%	-
EPS (Basic)	-2.15	-0.14	-0.10	-0.16
EPS (Diluted)	-2.15	-0.14	-0.10	-0.16
Shares Outstanding	404.96	350.78	290.96	247.55
Free Cash Flow	-700.73	-389.96	-148.63	-248.24
Free Cash Flow Per Share	-1.84	-1.21	-0.59	-1.00
Gross Margin	28.40%	18.58%	15.08%	75.37%
Operating Margin	-188.25%	-28.89%	-15.86%	-1232.17%
Profit Margin	-367.17%	-29.51%	-20.32%	-1285.91%
FCF Margin	-312.91%	-257.79%	-117.18%	-8173.76%
EBITDA	-220.94	60	39.8	-32.27
EBITDA Margin	-98.66%	39.66%	31.38%	-1062.59%
EBIT	-421.56	-43.7	-20.12	-37.42
EBIT Margin	-188.25%	-28.89%	-15.86%	-1232.17%
Effective Tax Rate	0.40%	-0.72%	-16.06%	-4.94%

Updated Feb 24, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q