CIFR
$8.88-0.67%
Cipher Digital Inc.Stock · TechnologyRussell 2000 · 0.3% of IWMNasdaq Composite · 0.02% of ONEQUS Stock Market · 0.01% of VTIRussell 3000 · 0.01% of IWV
CIFR financial statements
The full income statement, balance sheet, and cash-flow statement for Cipher Digital Inc. (CIFR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 328.9M2024-09 347.8M2024-12 361.5M2025-03 371.2M2025-06 393.3M2025-09 395.1M2025-12 405.1M2026-03 409.0M2026-06 415.0M+26.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 224M+48.0% | 151M+19.3% | 127M+4076.6% | 3.04M | — | |
| Cost of revenue | 81.2M+30.2% | 62.4M+24.0% | 50.3M+6625.8% | 748K | — | |
| Selling, general & administrative | 36.4M+11.4% | 32.7M+17.5% | 27.8M-60.8% | 70.8M-1.8% | 72.1M | |
| General & administrative | 36.4M+11.4% | 32.7M+17.5% | 27.8M-60.8% | 70.8M-1.8% | 72.1M | |
| Amortization of intangibles | 600K+20.0% | 500K | 0.00 | — | — | |
| Operating income | -422M-864.7% | -43.7M-117.2% | -20.1M+46.2% | -37.4M+48.1% | -72.2M-46856.5% | |
| Interest expense | 36.6M+2040.5% | 1.71M-14.6% | 2.00M+1359.1% | 137K+407.4% | 27.0K | |
| Interest & investment income | 19.5M+475.6% | 3.38M+1963.4% | 164K-23.7% | 215K+5275.0% | 4.00K-85.4% | |
| Other non-operating income | -406M-15867.1% | -2.54M-14864.7% | -17.0K | — | — | |
| Equity-method income | -20.8M-5322.4% | -384K+84.8% | -2.53M+93.2% | -37.0M | — | |
| Pre-tax income | -826M-1762.8% | -44.3M-99.5% | -22.2M+40.3% | -37.2M+48.4% | -72.2M | |
| Income tax | -3.31M-1141.8% | 318K-91.1% | 3.57M+93.9% | 1.84M | 0.00 | |
| Net income | -822M-1742.2% | -44.6M-73.2% | -25.8M+34.0% | -39.1M+45.9% | -72.2M-67313.2% | |
| -$2.15-1435.7% | -$0.14-40.0% | -$0.10+37.5% | -$0.16 | — | ||
| EPS (basic) | -$2.15-1435.7% | -$0.14-40.0% | -$0.10+37.5% | -$0.16 | — | |
| Weighted-avg shares (basic) | 382M+18.1% | 323M+28.0% | 252M+1.7% | 248M+13.9% | 218M | |
| Weighted-avg shares (diluted) | 382M+18.1% | 323M+28.0% | 252M+1.7% | 248M+13.9% | 218M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.65B+1477.2% | 168M+8.2% | 155M+225.8% | 47.7M-78.7% | 224M+14112.0% | ||
| Cash & equivalents | 628M+11149.1% | 5.58M-92.5% | 74.2M+521.9% | 11.9M-94.3% | 210M+16340.5% | |
| Accounts receivable | — | — | — | 98.0K | — | |
| Prepaid expenses | 7.98M+135.5% | 3.39M-7.7% | 3.67M-49.4% | 7.25M-47.5% | 13.8M+4547.1% | |
| 4.29B+401.7% | 855M+51.1% | 566M+35.3% | 418M+18.2% | 354M+106.4% | ||
| Property, plant & equipment | — | — | 244M+27.5% | 191M+3631.2% | 5.12M | |
| Operating lease right-of-use | 11.3M-9.9% | 12.6M+77.5% | 7.08M+39.1% | 5.09M | — | |
| Intangible assets | 77.4M+771.4% | 8.88M+9.5% | 8.11M+1260.6% | 596K | — | |
| Other non-current assets | 562M+14099.0% | 3.96M | 0.00 | — | — | |
| 699M+430.5% | 132M+290.0% | 33.8M-16.2% | 40.3M+7981.4% | 499K+285.7% | ||
| Accounts payable | 40.1M+76.5% | 22.7M | — | 14.3M+5803.3% | 242K | |
| Accrued liabilities | 90.1M+29.0% | 69.8M+211.2% | 22.4M+15.9% | 19.4M+7430.4% | 257K+98.6% | |
| Short-term & current debt | 37.8M+16.9% | 32.3M | 0.00 | — | — | |
| Current lease liability | 1.73M-44.6% | 3.13M+168.2% | 1.17M+13.2% | 1.03M | — | |
| Other current liabilities | 690K-48.1% | 1.33M+320.6% | 316K+46.3% | 216K+5300.0% | 4.00K | |
| Finance lease liability (current) | 4.24M+11.6% | 3.80M+11.6% | 3.40M+32.6% | 2.57M | — | |
| 3.46B+1892.0% | 173M+131.9% | 74.8M-1.0% | 75.6M+11782.2% | 636K+151.9% | ||
| Long-term debt | 2.71B | 0.00 | — | — | — | |
| Non-current lease liability | 8.54M-13.1% | 9.83M+56.6% | 6.28M+39.7% | 4.49M | — | |
| Operating lease liability (total) | 10.3M-20.7% | 13.0M+74.1% | 7.45M+34.8% | 5.52M | — | |
| Finance lease liability (total) | 7.33M-34.1% | 11.1M-23.4% | 14.5M-1.8% | 14.8M | — | |
| Finance lease liability | 3.09M-57.8% | 7.33M-34.1% | 11.1M-9.0% | 12.2M | — | |
| Deferred tax liabilities | 0.00-100.0% | 4.27M-18.0% | 5.21M+182.9% | 1.84M | — | |
| 806M+18.1% | 682M+38.8% | 491M+43.3% | 343M-3.0% | 354M | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Common stock | 412K+14.1% | 361K+22.0% | 296K+17.9% | 251K-0.4% | 252K+5527.5% | |
| Additional paid-in capital | 1.81B+109.6% | 863M+37.5% | 628M+38.3% | 454M+6.7% | 425M+29216.9% | |
| Retained earnings | -1.00B-453.2% | -181M-32.6% | -137M-23.0% | -111M-54.1% | -72.2M-67316.0% | |
| Treasury stock | 7.00K-36.4% | 11.0K+120.0% | 5.00K+25.0% | 4.00K+33.3% | 3.00K | |
| Total liabilities & equity | 4.29B+401.7% | 855M+51.1% | 566M+35.3% | 418M+18.2% | 354M+106.4% | |
| Common shares issued | 412M+14.0% | 361M+22.0% | 296M+18.0% | 251M-0.4% | 252M+5530.5% | |
| Common shares outstanding | 405M+15.4% | 351M+20.6% | 291M+17.5% | 248M-0.7% | 249M+5466.8% | |
| Shares outstanding (cover) | 405M+12.1% | 362M+21.9% | 296M+19.3% | 249M-0.6% | 250M+1064.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -208M-137.6% | -87.5M+7.1% | -94.2M-350.6% | -20.9M+34.0% | -31.7M | ||
| Depreciation & amortization | 199M+94.2% | 102M+73.4% | 59.1M+1249.8% | 4.38M+87460.0% | 5.00K | |
| Intangible amortization | 600K+20.0% | 500K | 0.00 | — | — | |
| Share-based compensation | 52.8M+25.3% | 42.1M+9.5% | 38.5M-7.3% | 41.5M-34.9% | 63.8M | |
| Deferred income taxes | -4.27M-355.6% | -937K-127.8% | 3.37M+82.9% | 1.84M | — | |
| Change in receivables | — | -26.0K-105.0% | 524K+434.7% | 98.0K | — | |
| Change in payables | — | — | — | — | 222K | |
| -337M-75.2% | -192M-464.2% | 52.8M+130.3% | -174M-44.8% | -120M | ||
| Capital expenditure | 488M+249.8% | 139M+581.1% | 20.5M-47.8% | 39.2M+667.5% | 5.11M | |
| Free cash flow | -696M-206.5% | -227M-97.9% | -115M-90.8% | -60.1M-63.5% | -36.8M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 3.19B+1393.7% | 214M+84.6% | 116M+3843.2% | -3.09M-100.9% | 362M | ||
| Long-term debt issued | 3.15B | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 195M-11.8% | 222M+67.4% | 132M | 0.00-100.0% | 5 | |
| Common stock repurchased | 89.6M+224.1% | 27.6M+608.4% | 3.90M+26.3% | 3.09M-86.7% | 23.2M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 2.64B+4099.3% | -66.1M-189.1% | 74.2M+137.5% | -198M-194.3% | 210M | |
| Interest paid | 1.45M | 0.00 | 0.00 | — | 27.0K | |
| Income taxes paid | 555K | — | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.98B+256.5% | 1.68B+59.5% | 1.05B+658.8% | 139M-88.0% | 1.16B+442.0% | |
| P/S | 26.7×+140.8% | 11.1×-96.8% | 346.3× | — | — | |
| P/B | 7.4×+201.8% | 2.5×-19.7% | 3.1×+746.2% | 0.4×-89.0% | 3.3× | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CIFR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CIFR filings on SEC EDGAR → Not investment advice.