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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and DocGo Inc. (DCGO). Click either name above to swap in a different company.
DocGo Inc. is the larger business by last-quarter revenue ($74.9M vs $59.7M, roughly 1.3× Cipher Mining Inc.). DocGo Inc. runs the higher net margin — -190.0% vs -1229.6%, a 1039.6% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -38.0%). DocGo Inc. produced more free cash flow last quarter ($-12.0M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -37.5%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.
CIFR vs DCGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $74.9M |
| Net Profit | $-734.2M | $-142.3M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | -139.6% |
| Net Margin | -1229.6% | -190.0% |
| Revenue YoY | 41.4% | -38.0% |
| Net Profit YoY | -4293.1% | -1761.4% |
| EPS (diluted) | $-1.91 | $-1.36 |
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 | $59.7M | $74.9M | ||
| Q3 25 | $71.7M | $70.8M | ||
| Q2 25 | $43.6M | $80.4M | ||
| Q1 25 | $49.0M | $96.0M | ||
| Q4 24 | $42.2M | $120.8M | ||
| Q3 24 | $24.1M | $138.7M | ||
| Q2 24 | $36.8M | $164.9M | ||
| Q1 24 | $48.1M | $192.1M |
| Q4 25 | $-734.2M | $-142.3M | ||
| Q3 25 | $-3.3M | $-27.8M | ||
| Q2 25 | $-45.8M | $-11.2M | ||
| Q1 25 | $-39.0M | $-9.4M | ||
| Q4 24 | $17.5M | $-7.6M | ||
| Q3 24 | $-86.8M | $5.5M | ||
| Q2 24 | $-15.3M | $6.5M | ||
| Q1 24 | $39.9M | $11.2M |
| 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 | -503.4% | -139.6% | ||
| Q3 25 | -52.5% | -59.3% | ||
| Q2 25 | -103.9% | -21.7% | ||
| Q1 25 | -77.8% | -14.6% | ||
| Q4 24 | 40.5% | -6.2% | ||
| Q3 24 | -379.2% | 7.3% | ||
| Q2 24 | -43.9% | 6.2% | ||
| Q1 24 | 97.2% | 8.3% |
| Q4 25 | -1229.6% | -190.0% | ||
| Q3 25 | -4.6% | -39.2% | ||
| Q2 25 | -105.1% | -13.9% | ||
| Q1 25 | -79.6% | -9.8% | ||
| Q4 24 | 41.5% | -6.3% | ||
| Q3 24 | -359.9% | 4.0% | ||
| Q2 24 | -41.5% | 4.0% | ||
| Q1 24 | 82.9% | 5.8% |
| Q4 25 | $-1.91 | $-1.36 | ||
| Q3 25 | $-0.01 | $-0.28 | ||
| Q2 25 | $-0.12 | $-0.11 | ||
| Q1 25 | $-0.11 | $-0.09 | ||
| Q4 24 | $0.04 | $-0.03 | ||
| Q3 24 | $-0.26 | $0.05 | ||
| Q2 24 | $-0.05 | $0.06 | ||
| Q1 24 | $0.13 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $628.3M | $51.0M |
| Total DebtLower is stronger | $2.7B | $235.6K |
| Stockholders' EquityBook value | $805.5M | $144.0M |
| Total Assets | $4.3B | $217.1M |
| Debt / EquityLower = less leverage | 3.37× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $51.0M | ||
| Q3 25 | $1.2B | $73.4M | ||
| Q2 25 | $62.7M | $104.2M | ||
| Q1 25 | $23.2M | $79.0M | ||
| Q4 24 | $5.6M | $89.2M | ||
| Q3 24 | $25.3M | $89.5M | ||
| Q2 24 | $122.6M | $66.1M | ||
| Q1 24 | $88.7M | $41.2M |
| Q4 25 | $2.7B | $235.6K | ||
| Q3 25 | $1.0B | $249.9K | ||
| Q2 25 | $167.1M | $12.6K | ||
| Q1 25 | — | $15.1K | ||
| Q4 24 | $0 | $17.7K | ||
| Q3 24 | — | $47.7K | ||
| Q2 24 | — | $52.8K | ||
| Q1 24 | — | $60.1K |
| Q4 25 | $805.5M | $144.0M | ||
| Q3 25 | $783.2M | $270.5M | ||
| Q2 25 | $748.9M | $297.3M | ||
| Q1 25 | $734.8M | $309.3M | ||
| Q4 24 | $682.0M | $320.9M | ||
| Q3 24 | $672.0M | $325.2M | ||
| Q2 24 | $690.8M | $315.2M | ||
| Q1 24 | $600.9M | $311.3M |
| Q4 25 | $4.3B | $217.1M | ||
| Q3 25 | $2.8B | $353.8M | ||
| Q2 25 | $1.0B | $408.3M | ||
| Q1 25 | $913.8M | $430.8M | ||
| Q4 24 | $855.4M | $455.6M | ||
| Q3 24 | $775.4M | $493.9M | ||
| Q2 24 | $775.6M | $488.2M | ||
| Q1 24 | $677.1M | $490.7M |
| Q4 25 | 3.37× | 0.00× | ||
| Q3 25 | 1.31× | 0.00× | ||
| Q2 25 | 0.22× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.00× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-207.9M | $-10.5M |
| Free Cash FlowOCF − Capex | $-695.9M | $-12.0M |
| FCF MarginFCF / Revenue | -1165.4% | -16.0% |
| Capex IntensityCapex / Revenue | 817.1% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $29.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-10.5M | ||
| Q3 25 | $-50.1M | $1.7M | ||
| Q2 25 | $-56.2M | $33.6M | ||
| Q1 25 | $-47.2M | $9.7M | ||
| Q4 24 | $-87.5M | $12.7M | ||
| Q3 24 | $-6.5M | $31.1M | ||
| Q2 24 | $-25.4M | $36.9M | ||
| Q1 24 | $-26.6M | $-10.6M |
| Q4 25 | $-695.9M | $-12.0M | ||
| Q3 25 | $-256.2M | $782.6K | ||
| Q2 25 | $-87.5M | $32.9M | ||
| Q1 25 | $-71.8M | $8.2M | ||
| Q4 24 | $-227.0M | $12.0M | ||
| Q3 24 | $-83.2M | $30.2M | ||
| Q2 24 | $-33.2M | $35.9M | ||
| Q1 24 | $-34.5M | $-11.6M |
| Q4 25 | -1165.4% | -16.0% | ||
| Q3 25 | -357.3% | 1.1% | ||
| Q2 25 | -200.9% | 40.9% | ||
| Q1 25 | -146.7% | 8.5% | ||
| Q4 24 | -537.6% | 9.9% | ||
| Q3 24 | -345.0% | 21.8% | ||
| Q2 24 | -90.2% | 21.7% | ||
| Q1 24 | -71.7% | -6.0% |
| Q4 25 | 817.1% | 2.0% | ||
| Q3 25 | 287.5% | 1.2% | ||
| Q2 25 | 71.8% | 0.9% | ||
| Q1 25 | 50.2% | 1.5% | ||
| Q4 24 | 330.4% | 0.6% | ||
| Q3 24 | 317.8% | 0.7% | ||
| Q2 24 | 21.4% | 0.6% | ||
| Q1 24 | 16.4% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 5.67× | ||
| Q2 24 | — | 5.65× | ||
| Q1 24 | -0.67× | -0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
