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Cipher Digital, Inc. CIFR Q3 2025 earnings

Reported November 3, 2025 · Before market open

Revenue$71.7MMiss by $15.5M
EPS-$0.01Beat by $0.07
Revenue estimate$87.2M
EPS estimate-$0.08

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$32.1M
EPS estimate-$0.24

Financials

Q3 2025

Income statement

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Revenue$71.7M+198%
Gross profit$45.0M+398%
Operating income-$37.6M+58.8%
Net income-$3.3M+96.2%
EPS (diluted)-$0.01+96.2%

Balance sheet

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Cash & equivalents$1.2B+2,973%
Total debt$1.0B+3,788%
Total equity$783.2M+16.5%
Total assets$2.8B+266%

Cash flow

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Operating cash flow-$50.1M-665%
CapEx$206.2M+169%
Free cash flow-$256.2M-208%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.95B+285%
Enterprise value$4.77B+275%
P/S24×+15.5×

Profitability

See full
Gross margin63.6%+1.3pp
FCF margin-238.1%+4,399pp

Returns & leverage

See full
Debt / equity1.3×+1.3×
Current ratio2.5×-0.1×

Segments

By segment

See full
Bitcoin Mining$71.7M+198%

Versus estimates

Revenue

Q1 2026$34.8MMiss by $1.3MQ4 2025$60.0MMiss by $26.0M
Q3 2025$71.7MMiss by $15.5M
Q2 2025$43.6MMiss by $35.3MQ1 2025$49.0MMiss by $3.6MQ4 2024$42.2MMiss by $16.6M

Diluted EPS

Q1 2026-$0.28Miss by $0.01Q4 2025-$1.92Miss by $1.80
Q3 2025-$0.01Beat by $0.07
Q2 2025-$0.12In lineQ1 2025-$0.11In lineQ4 2024$0.06Beat by $0.16

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Questions, answered.

When did Cipher Digital, Inc. report Q3 2025 earnings?
Cipher Digital, Inc. (CIFR) reported Q3 2025 earnings on November 3, 2025 before market open.
What were Cipher Digital, Inc. 's Q3 2025 revenue and EPS?
Cipher Digital, Inc. reported revenue of $71.7M and eps of $-0.01 for Q3 2025.
Did Cipher Digital, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $87.2M by $15.5M. EPS beat the consensus estimate of $-0.08 by $0.07.
How did Cipher Digital, Inc. 's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 197.5% from $24.1M a year earlier and eps grew 96.2% from $-0.26.
Where can I find Cipher Digital, Inc. 's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001819989-25-000110) and the 10-Q periodic report (0001819989-25-000112) directly on SEC EDGAR. The filing index links above go to sec.gov.