Cipher Digital, Inc. CIFR Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 60%-3.8pp | 63.7%+0.1pp | 63.6%+3.6pp | 60%+1.1pp | 58.9%+0.2pp | |
| Operating margin | -237.4%-49.1pp | -188.2%— | —— | —— | —— | |
| Net margin | -427.8%-60.6pp | -367.2%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | -123.9%-13.3pp | -110.6%— | —— | —— | —— | |
| Return on invested capital | -18.1%+4.3pp | -22.4%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×-0.1× | 0.2×0.0× | 0.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 3.1×-0.7× | 3.8×+1.3× | 2.5×-1.7× | 4.2×+3.1× | 1.1×-0.2× | |
| Leverage | ||||||
| Debt-to-equity | 6.6×+3.2× | 3.4×+2.1× | 1.3×+1.1× | 0.3×+0.2× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $1.76-16.5% | $2.11+6.0% | $1.99-0.2% | $2.00-2.0% | $2.04-3.4% | |
| Valuation | ||||||
| Market capitalization | $5.21B-10.6% | $5.83B+17.8% | $4.95B+246% | $1.43B+71.9% | $831.52M-48.5% | |
| Price / sales | 24.8×-1.2× | 26×+2.1× | 24×+15.0× | 9×+3.5× | 5.5×-5.2× | |
| Price / book | 7.3×+0.1× | 7.2×+0.9× | 6.3×+4.4× | 1.9×+0.8× | 1.1×-1.2× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Cipher Digital, Inc. 's profit margins?
- Cipher Digital, Inc. (CIFR) runs a 60.0% gross margin and a -237.4% operating margin, with a -427.8% net margin.
- Where do Cipher Digital, Inc. 's ratios come from?
- Every ratio is computed from Cipher Digital, Inc. 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
