Cipher Mining Inc.CIFREarnings & Financial Report
Nasdaq · Financials · Bitcoin mining
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Revenue
$36.8M
Gross Profit
$22.5M
Operating Profit
$-16.2M
Net Profit
$-15.3M
Gross Margin
61.2%
Operating Margin
-43.9%
Net Margin
-41.5%
YoY Growth
17.9%
EPS
$-0.05
Cipher Mining Inc. Q2 FY2024 Financial Summary
Cipher Mining Inc. reported revenue of $36.8M (up 17.9% YoY) for Q2 FY2024, with a net profit of $-15.3M (down 15.9% YoY) (-41.5% margin). Cost of goods sold was $14.3M, operating expenses totaled $38.7M.
Key Financial Metrics
| Total Revenue | $36.8M |
|---|---|
| Net Profit | $-15.3M |
| Gross Margin | 61.2% |
| Operating Margin | -43.9% |
| Report Period | Q2 FY2024 |
Cipher Mining Inc. Annual Revenue by Year
Cipher Mining Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $223.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $223.9M |
| 2024 | $151.3M |
| 2023 | $126.8M |
Cipher Mining Inc. Quarterly Revenue & Net Profit History
Cipher Mining Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $59.7M | +41.4% | $-734.2M | -1229.6% |
| Q3 FY2025 | $71.7M | +197.5% | $-3.3M | -4.6% |
| Q2 FY2025 | $43.6M | +18.4% | $-45.8M | -105.1% |
| Q1 FY2025 | $49.0M | +1.7% | $-39.0M | -79.6% |
| Q4 FY2024 | $42.2M | -2.8% | $17.5M | 41.5% |
| Q3 FY2024 | $24.1M | -20.5% | $-86.8M | -359.9% |
| Q2 FY2024 | $36.8M | +17.9% | $-15.3M | -41.5% |
| Q1 FY2024 | $48.1M | +119.9% | $39.9M | 82.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.1M | $36.8M | $24.1M | $42.2M | $49.0M | $43.6M | $71.7M | $59.7M |
| YoY Growth | 119.9% | 17.9% | -20.5% | -2.8% | 1.7% | 18.4% | 197.5% | 41.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $677.1M | $775.6M | $775.4M | $855.4M | $913.8M | $1.02B | $2.84B | $4.29B |
| Liabilities | $76.2M | $84.8M | $103.4M | $173.5M | $179.0M | $269.9M | $2.06B | $3.46B |
| Equity | $600.9M | $690.8M | $672.0M | $682.0M | $734.8M | $748.9M | $783.2M | $805.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-26.6M | $-25.4M | $-6.5M | $-87.5M | $-47.2M | $-56.2M | $-50.1M | $-207.9M |