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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Cipher Mining Inc. (CIFR). Click either name above to swap in a different company.
Atlanta Braves Holdings, Inc. is the larger business by last-quarter revenue ($61.3M vs $59.7M, roughly 1.0× Cipher Mining Inc.). Atlanta Braves Holdings, Inc. runs the higher net margin — -67.6% vs -1229.6%, a 1162.0% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 17.6%). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -52.5%).
Atlanta Braves Holdings, Inc. is a sports and entertainment holding company that owns and operates the Atlanta Braves MLB franchise. It also manages adjacent mixed-use real estate, live events, merchandise sales, and media operations, serving fans across the U.S. Southeast and global baseball audiences.
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
BATRA vs CIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $59.7M |
| Net Profit | $-41.4M | $-734.2M |
| Gross Margin | — | 59.4% |
| Operating Margin | -81.2% | -503.4% |
| Net Margin | -67.6% | -1229.6% |
| Revenue YoY | 17.6% | 41.4% |
| Net Profit YoY | -116.7% | -4293.1% |
| EPS (diluted) | $-0.64 | $-1.91 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $61.3M | $59.7M | ||
| Q3 25 | $311.5M | $71.7M | ||
| Q2 25 | $312.4M | $43.6M | ||
| Q1 25 | $47.2M | $49.0M | ||
| Q4 24 | $52.1M | $42.2M | ||
| Q3 24 | $290.7M | $24.1M | ||
| Q2 24 | $282.9M | $36.8M | ||
| Q1 24 | — | $48.1M |
| Q4 25 | $-41.4M | $-734.2M | ||
| Q3 25 | $30.0M | $-3.3M | ||
| Q2 25 | $29.5M | $-45.8M | ||
| Q1 25 | $-41.4M | $-39.0M | ||
| Q4 24 | $-19.1M | $17.5M | ||
| Q3 24 | $10.0M | $-86.8M | ||
| Q2 24 | $29.1M | $-15.3M | ||
| Q1 24 | — | $39.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 62.7% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | — | 69.2% |
| Q4 25 | -81.2% | -503.4% | ||
| Q3 25 | 12.5% | -52.5% | ||
| Q2 25 | 13.4% | -103.9% | ||
| Q1 25 | -94.2% | -77.8% | ||
| Q4 24 | -35.8% | 40.5% | ||
| Q3 24 | 2.2% | -379.2% | ||
| Q2 24 | 8.8% | -43.9% | ||
| Q1 24 | — | 97.2% |
| Q4 25 | -67.6% | -1229.6% | ||
| Q3 25 | 9.6% | -4.6% | ||
| Q2 25 | 9.4% | -105.1% | ||
| Q1 25 | -87.7% | -79.6% | ||
| Q4 24 | -36.7% | 41.5% | ||
| Q3 24 | 3.4% | -359.9% | ||
| Q2 24 | 10.3% | -41.5% | ||
| Q1 24 | — | 82.9% |
| Q4 25 | $-0.64 | $-1.91 | ||
| Q3 25 | $0.47 | $-0.01 | ||
| Q2 25 | $0.46 | $-0.12 | ||
| Q1 25 | $-0.66 | $-0.11 | ||
| Q4 24 | $-0.29 | $0.04 | ||
| Q3 24 | $0.16 | $-0.26 | ||
| Q2 24 | $0.46 | $-0.05 | ||
| Q1 24 | — | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $99.9M | $628.3M |
| Total DebtLower is stronger | $738.6M | $2.7B |
| Stockholders' EquityBook value | $526.0M | $805.5M |
| Total Assets | $1.6B | $4.3B |
| Debt / EquityLower = less leverage | 1.40× | 3.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $628.3M | ||
| Q3 25 | $82.2M | $1.2B | ||
| Q2 25 | $96.2M | $62.7M | ||
| Q1 25 | $244.7M | $23.2M | ||
| Q4 24 | $110.1M | $5.6M | ||
| Q3 24 | $100.9M | $25.3M | ||
| Q2 24 | $121.2M | $122.6M | ||
| Q1 24 | — | $88.7M |
| Q4 25 | $738.6M | $2.7B | ||
| Q3 25 | $759.9M | $1.0B | ||
| Q2 25 | $703.1M | $167.1M | ||
| Q1 25 | $699.5M | — | ||
| Q4 24 | $617.1M | $0 | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $805.5M | ||
| Q3 25 | $560.3M | $783.2M | ||
| Q2 25 | $522.8M | $748.9M | ||
| Q1 25 | $486.1M | $734.8M | ||
| Q4 24 | $524.2M | $682.0M | ||
| Q3 24 | $530.4M | $672.0M | ||
| Q2 24 | $512.7M | $690.8M | ||
| Q1 24 | — | $600.9M |
| Q4 25 | $1.6B | $4.3B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | $913.8M | ||
| Q4 24 | $1.5B | $855.4M | ||
| Q3 24 | $1.6B | $775.4M | ||
| Q2 24 | $1.6B | $775.6M | ||
| Q1 24 | — | $677.1M |
| Q4 25 | 1.40× | 3.37× | ||
| Q3 25 | 1.36× | 1.31× | ||
| Q2 25 | 1.34× | 0.22× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.18× | 0.00× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.4M | $-207.9M |
| Free Cash FlowOCF − Capex | — | $-695.9M |
| FCF MarginFCF / Revenue | — | -1165.4% |
| Capex IntensityCapex / Revenue | 0.0% | 817.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $-207.9M | ||
| Q3 25 | $-88.8M | $-50.1M | ||
| Q2 25 | $-8.1M | $-56.2M | ||
| Q1 25 | $95.8M | $-47.2M | ||
| Q4 24 | $28.9M | $-87.5M | ||
| Q3 24 | $-69.0M | $-6.5M | ||
| Q2 24 | $-34.3M | $-25.4M | ||
| Q1 24 | — | $-26.6M |
| Q4 25 | — | $-695.9M | ||
| Q3 25 | — | $-256.2M | ||
| Q2 25 | $-82.3M | $-87.5M | ||
| Q1 25 | $76.3M | $-71.8M | ||
| Q4 24 | $16.8M | $-227.0M | ||
| Q3 24 | $-85.5M | $-83.2M | ||
| Q2 24 | $-64.1M | $-33.2M | ||
| Q1 24 | — | $-34.5M |
| Q4 25 | — | -1165.4% | ||
| Q3 25 | — | -357.3% | ||
| Q2 25 | -26.3% | -200.9% | ||
| Q1 25 | 161.5% | -146.7% | ||
| Q4 24 | 32.3% | -537.6% | ||
| Q3 24 | -29.4% | -345.0% | ||
| Q2 24 | -22.7% | -90.2% | ||
| Q1 24 | — | -71.7% |
| Q4 25 | 0.0% | 817.1% | ||
| Q3 25 | 0.0% | 287.5% | ||
| Q2 25 | 23.7% | 71.8% | ||
| Q1 25 | 41.3% | 50.2% | ||
| Q4 24 | 23.2% | 330.4% | ||
| Q3 24 | 5.7% | 317.8% | ||
| Q2 24 | 10.5% | 21.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.00× | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | -0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BATRA
| Baseball | $34.8M | 57% |
| Mixed Use Development Segment | $26.5M | 43% |
CIFR
Segment breakdown not available.
