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.

Cipher Digital, Inc. CIFR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	60%+1.0pp	63.7%+5.0pp	63.6%+1.3pp	60%-5.1pp	58.9%-3.8pp
Efficiency
Asset turnover	0.1×-0.1×	0.1×-0.1×	0.1×-0.1×	0.2×-0.1×	0.2×-0.1×
Liquidity
Current ratio	3.1×+2.0×	3.8×+2.5×	2.5×-0.1×	4.2×-4.3×	1.1×-7.0×
Leverage
Debt-to-equity	6.6×+6.6×	3.4×+3.4×	1.3×+1.3×	0.3×+0.2×	0.1×0.0×
Per Share
Book value per share	$1.76-13.5%	$2.110.0%	$1.99-1.4%	$2.00-9.1%	$2.04+3.2%
Valuation
Market capitalization	$5.21B+527%	$5.83B+261%	$4.95B+285%	$1.43B+9.6%	$831.52M-45.6%
Price / sales	24.8×+19.4×	26×+15.4×	24×+15.5×	9×+0.8×	5.5×-4.5×
Price / book	7.3×+6.2×	7.2×+4.9×	6.3×+4.4×	1.9×0.0×	1.1×-1.4×

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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.