Cipher Mining Inc.CIFREarnings & Financial Report
Nasdaq · Bitcoin mining
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
NextMar 30, 2026
CIFR Q3 2025 Key Financial Metrics
Revenue
$71.7M
Gross Profit
$45.0M
Operating Profit
$-37.6M
Net Profit
$-3.3M
Gross Margin
62.7%
Operating Margin
-52.5%
Net Margin
-4.6%
YoY Growth
197.5%
EPS
$-0.01
Financial Flow
Cipher Mining Inc. Q3 2025 Financial Summary
Cipher Mining Inc. reported revenue of $71.7M for Q3 2025, with a net profit of $-3.3M (-4.6% margin). Cost of goods sold was $26.7M, operating expenses totaled $82.6M.
Key Financial Metrics
| Total Revenue | $71.7M |
|---|---|
| Net Profit | $-3.3M |
| Gross Margin | 62.7% |
| Operating Margin | -52.5% |
| Report Period | Q3 2025 |
Cipher Mining Inc. Annual Revenue by Year
Cipher Mining Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $151.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $151.3M |
| 2023 | $126.8M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.4M | $48.1M | $36.8M | $24.1M | $42.2M | $49.0M | $43.6M | $71.7M |
| YoY Growth | N/A | 119.9% | 17.9% | -20.5% | -2.8% | 1.7% | 18.4% | 197.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $566.1M | $677.1M | $775.6M | $775.4M | $855.4M | $913.8M | $1.02B | $2.84B |
| Liabilities | $74.8M | $76.2M | $84.8M | $103.4M | $173.5M | $179.0M | $269.9M | $2.06B |
| Equity | $491.3M | $600.9M | $690.8M | $672.0M | $682.0M | $734.8M | $748.9M | $783.2M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-126.6M | $-26.6M | $-25.4M | $-6.5M | $-29.0M | $-47.2M | $-56.2M | $-50.1M |
