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Cipher Digital, Inc. CIFR Business Segments — Operating Income (Loss), Before Adjustments

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Other financials

Income statement

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Revenue$24.8M-43.0%
Gross profit$39.9M+41.3%
Operating income-$78.5M-73.6%
Net income-$267.5M-484%
EPS (diluted)-$0.65-442%

Balance sheet

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Cash & equivalents$831.8M+979%
Total debt$5.6B+2,858%
Total equity$562.1M-24.9%
Total assets$7.5B+636%

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$7.77B+302%
Enterprise value$12.52B+512%
P/S40.6×+28.5×

Profitability

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Gross margin71.9%+11.9pp
Operating margin-278.1%
Net margin-585.8%
FCF margin-482%-3,491pp

Returns & leverage

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Return on equity-170.8%
Debt / equity9.9×+9.7×
Current ratio-1.2×

Where this comes from

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

Tagged under the XBRL concept cifr:OperatingIncomeLossBeforeAdjustments.

The source filing: Cipher Digital, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 9:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819989-26-000028
Three Months Ended March 31, 2026Bitcoin MiningConsolidated
Realized loss on sale of bitcoin(24,223)
Equity in losses of equity method investees(1,601)
Other segment items(1)(15,650)
Segment operating loss(67,825)(67,825)
Adjustments(2)(46,744)
Operating loss(114,569)
Interest income31,590
Interest expense(59,158)

Item 1. Financial Statements (Unaudited)

FAQ

What is Cipher Digital, Inc.'s business segments — operating income (loss), before adjustments?
Cipher Digital, Inc. (CIFR) reported business segments — operating income (loss), before adjustments of -$67.83M in Q1 2026.
How has Cipher Digital, Inc.'s business segments — operating income (loss), before adjustments changed year-over-year?
Cipher Digital, Inc.'s business segments — operating income (loss), before adjustments decreased by 357.2% year-over-year, from -$14.83M to -$67.83M.
What is the long-term trend for Cipher Digital, Inc.'s business segments — operating income (loss), before adjustments?
Over 2 years (2023 to 2025), Cipher Digital, Inc.'s business segments — operating income (loss), before adjustments has grown at a 116.9% compound annual growth rate (CAGR), from $65.08M to -$306.05M.
What does business segments — operating income (loss), before adjustments mean?
This metric represents the core operational profitability of the mining segment before accounting for non-recurring adjustments or specific non-cash items. It provides a view of the segment's performance based on its primary business activities.

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