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Cipher Digital, Inc. CIFR Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$34.8MMiss by $1.3M
EPS-$0.28Miss by $0.01
Revenue estimate$36.1M
EPS estimate-$0.27

Next report

Nov 2, 2026 (in a month)
Revenue estimate$37.6M
EPS estimate-$0.24

Financials

Q1 2026

Income statement

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Revenue$34.8M-28.8%
Gross profit$17.1M-49.7%
Operating income-$114.6M-201%
Net income-$114.3M-193%
EPS (diluted)-$0.28-155%

Balance sheet

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Cash & equivalents$713.0M+1,798%
Total debt$4.7B+8,030%
Total equity$714.2M-2.8%
Total assets$6.4B+600%

Cash flow

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Operating cash flow$91.5M+294%
CapEx$554.0M+456%
Free cash flow-$462.5M-215%

Valuation & ratios

Valuation

as of 03/23/26
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Market cap$5.21B+527%
Enterprise value$9.25B+985%
P/S24.8×+19.4×

Profitability

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Gross margin60%+1.0pp
Operating margin-237.4%—
Net margin-427.8%—
FCF margin-482%-3,491pp

Returns & leverage

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Return on equity-123.9%—
Debt / equity6.6×+6.6×
Current ratio3.1×+2.0×

Segments

By segment

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Bitcoin Mining$34.8M-28.8%

FAQ

When did Cipher Digital, Inc. report Q1 2026 earnings?
Cipher Digital, Inc. (CIFR) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Cipher Digital, Inc.'s Q1 2026 revenue and EPS?
Cipher Digital, Inc. reported revenue of $34.8M and eps of $-0.28 for Q1 2026.
Did Cipher Digital, Inc. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $36.1M by $1.3M. EPS missed the consensus estimate of $-0.27 by $0.01.
How did Cipher Digital, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 28.8% from $49.0M a year earlier and eps declined 154.5% from $-0.11.
Where can I find Cipher Digital, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001819989-26-000025) and the 10-Q periodic report (0001819989-26-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.