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1.3×-0.5×
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0.3×-0.6×
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2.1×+1.4×
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0.6×+0.1×
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0.5×-0.7×

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%
CapEx$554.0M+456%
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

Calculated from Cipher Digital, Inc. ’s reported figures.

Based on the most recent quarter.

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 cash ratio?
Cipher Digital, Inc. (CIFR) reported cash ratio of 0.6× in Q1 2026.
How has Cipher Digital, Inc. 's cash ratio changed year-over-year?
Cipher Digital, Inc. 's cash ratio increased by 111.4% year-over-year, from 0.3× to 0.6×.
What is the long-term trend for Cipher Digital, Inc. 's cash ratio?
Over 5 years (2020 to 2025), Cipher Digital, Inc. 's cash ratio has grown at a -40.0% compound annual growth rate (CAGR), from 9.9× to 0.8×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.