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Discontinued — last reported Q1 '26

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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

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

$114.6Mebit+
$19.0MDepreciation Depletion & Amortization
=-$95.56M

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

Filed
May 5, 2026, 9:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819989-26-000028

FAQ

What is Cipher Digital, Inc.'s EBITDA?
Cipher Digital, Inc. (CIFR) reported EBITDA of -$95.56M in Q1 2026.
How has Cipher Digital, Inc.'s EBITDA changed year-over-year?
Cipher Digital, Inc.'s EBITDA decreased by 1876.4% year-over-year, from $5.38M to -$95.56M.
What is the long-term trend for Cipher Digital, Inc.'s EBITDA?
Over 2 years (2021 to 2025), Cipher Digital, Inc.'s EBITDA has grown at a 70.4% compound annual growth rate (CAGR), from -$76.46M to -$221.99M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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