Cipher Digital Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	146.09	223.94	151.27	126.84	3.04	-
Revenue Growth	-29.24%	48.04%	19.26%	4076.56%	-	-
Cost of Revenue	223.01	160.35	123.16	107.71	0.75	-
Gross Profit	-76.93	63.6	28.11	19.13	2.29	-
Selling, General & Admin	64.76	36.38	32.66	27.8	70.84	78.71
Other Operating Expenses	-163.63	-208.7	-66.19	-11.04	1.46	-
Operating Expenses	10.2	26.66	68.91	75.85	76.68	78.71
Operating Income	-87.13	36.94	-40.8	-56.72	-74.39	-78.71
Interest Expense	-218.25	-36.56	-1.71	-2	-0.14	-0.03
Interest & Investment Income	118.67	19.48	3.38	0.16	0.22	0
Earnings From Equity Investments	-13.95	-20.82	-0.38	-2.53	-36.97	-
Other Non Operating Income (Expenses)	-470.46	-407.9	-4.81	36.52	74.07	0.14
EBT Excluding Unusual Items	-671.12	-408.87	-44.32	-24.57	-37.21	-78.6
Merger & Restructuring Charges	-	-	-	-	-	-0.11
Other Unusual Items	-416.69	-416.69	-	2.36	-	-
Pretax Income	-1,088	-825.56	-44.32	-22.21	-37.21	-78.71
Income Tax Expense	-3.35	-3.31	0.32	3.57	1.84	-
Net Income	-1,084	-822.24	-44.64	-25.78	-39.05	-78.71
Net Income to Common	-1,084	-822.24	-44.64	-25.78	-39.05	-78.71
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	407	382	323	252	248	218
Shares Outstanding (Diluted)	407	382	323	252	248	218
Shares Change	10.14%	18.11%	27.99%	1.70%	13.85%	-
EPS (Basic)	-2.67	-2.15	-0.14	-0.10	-0.16	-0.36
EPS (Diluted)	-2.67	-2.15	-0.14	-0.10	-0.16	-0.36
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-3,085	-700.73	-389.96	-148.63	-248.24	-165.42
Free Cash Flow Per Share	-7.58	-1.84	-1.21	-0.59	-1.00	-0.76
Gross Margin	-52.66%	28.40%	18.58%	15.09%	75.37%	-
Operating Margin	-59.64%	16.49%	-26.97%	-44.71%	-2449.32%	-
Profit Margin	-742.33%	-367.17%	-29.51%	-20.32%	-1285.91%	-
Free Cash Flow Margin	-2111.55%	-312.91%	-257.79%	-117.18%	-8173.76%	-
EBITDA	22.54	236.51	62.15	2.38	-70.01	-78.71
EBITDA Margin	15.43%	105.61%	41.09%	1.87%	-	-
D&A For EBITDA	109.67	199.57	102.95	59.09	4.38	0.01
EBIT	-87.13	36.94	-40.8	-56.72	-74.39	-78.71
EBIT Margin	-59.64%	16.49%	-26.97%	-44.71%	-	-

SEC Filings: 10-K · 10-Q