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Other financials

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%
Free cash flow-$462.5M-215%

Valuation

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Market cap$11.94B+527%
Enterprise value$15.97B+985%
P/S56.9×+44.4×

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×

Where this comes from

Reported directly by Cipher Digital, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Cipher Digital, Inc. ’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cipher Digital, Inc. 's capex?
Cipher Digital, Inc. (CIFR) reported capex of $553.99M in Q1 2026.
How has Cipher Digital, Inc. 's capex changed year-over-year?
Cipher Digital, Inc. 's capex increased by 455.8% year-over-year, from $99.68M to $553.99M.
What is the long-term trend for Cipher Digital, Inc. 's capex?
Over 2 years (2022 to 2025), Cipher Digital, Inc. 's capex has grown at a 268.2% compound annual growth rate (CAGR), from $39.22M to $531.73M.
What does capex mean?
Cash spent on physical assets and infrastructure improvements.
How do you interpret capex?
Higher spending indicates active growth and infrastructure scaling, whereas lower spending may signal a focus on cash preservation or operational maturity.
How does capex compare across companies?
Standard metric across all capital-intensive industries; essential for comparing infrastructure scaling rates.