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Net margin at other companies

TeraWulf logo
TeraWulfWULF
-611.5%-747pp
Equinix, Inc. logo
Equinix, Inc.EQIX
15.1%+4.4pp
Applied Digital logo
Applied DigitalAPLD
-45.7%-19.4pp
Digital Realty logo
Digital RealtyDLR
21.4%+10.6pp
Iris Energy logo
Iris EnergyIREN
20.9%+13.4pp
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
-109.8%-256pp

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%
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 trailing twelve months.

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 net margin?
Cipher Digital, Inc. (CIFR) reported net margin of -427.8% in Q1 2026.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.