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Cipher Digital, Inc. CIFR Operating Income

Discontinued — last reported Q1 '26

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Segments

By segment

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Bitcoin Mining-$114.57M-201%

Other financials

Income statement

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Revenue$34.8M-28.8%
Gross profit$17.1M-49.7%
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

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

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?
Cipher Digital, Inc. (CIFR) reported operating income of -$114.57M in Q1 2026.
How has Cipher Digital, Inc. 's operating income changed year-over-year?
Cipher Digital, Inc. 's operating income decreased by 200.8% year-over-year, from -$38.09M to -$114.57M.
What is the long-term trend for Cipher Digital, Inc. 's operating income?
Over 2 years (2021 to 2025), Cipher Digital, Inc. 's operating income has grown at a 136.9% compound annual growth rate (CAGR), from -$75.1M to -$421.56M.
What does operating income mean?
The profit earned from core business operations before interest and taxes.
How do you interpret operating income?
Higher values indicate stronger operational efficiency and a more profitable core business model.
How does operating income compare across companies?
A standard metric used across all sectors to compare operational performance regardless of capital structure.