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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and 3D SYSTEMS CORP (DDD). Click either name above to swap in a different company.

3D SYSTEMS CORP is the larger business by last-quarter revenue ($106.3M vs $59.7M, roughly 1.8× Cipher Mining Inc.). 3D SYSTEMS CORP runs the higher net margin — -18.4% vs -1229.6%, a 1211.2% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -4.3%). 3D SYSTEMS CORP produced more free cash flow last quarter ($-16.6M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 1.6%).

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.

3D Systems Corporation is an American company based in Rock Hill, South Carolina, that engineers, manufactures, and sells 3D printers, 3D printing materials, 3D printed parts, and application engineering services. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufact...

CIFR vs DDD — Head-to-Head

Bigger by revenue
DDD
DDD
1.8× larger
DDD
$106.3M
$59.7M
CIFR
Growing faster (revenue YoY)
CIFR
CIFR
+45.7% gap
CIFR
41.4%
-4.3%
DDD
Higher net margin
DDD
DDD
1211.2% more per $
DDD
-18.4%
-1229.6%
CIFR
More free cash flow
DDD
DDD
$679.2M more FCF
DDD
$-16.6M
$-695.9M
CIFR
Faster 2-yr revenue CAGR
CIFR
CIFR
Annualised
CIFR
11.4%
1.6%
DDD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIFR
CIFR
DDD
DDD
Revenue
$59.7M
$106.3M
Net Profit
$-734.2M
$-19.5M
Gross Margin
59.4%
30.8%
Operating Margin
-503.4%
-21.3%
Net Margin
-1229.6%
-18.4%
Revenue YoY
41.4%
-4.3%
Net Profit YoY
-4293.1%
41.7%
EPS (diluted)
$-1.91
$0.04

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.

Revenue
CIFR
CIFR
DDD
DDD
Q4 25
$59.7M
$106.3M
Q3 25
$71.7M
$91.2M
Q2 25
$43.6M
$94.8M
Q1 25
$49.0M
$94.5M
Q4 24
$42.2M
$111.0M
Q3 24
$24.1M
$112.9M
Q2 24
$36.8M
$113.3M
Q1 24
$48.1M
$102.9M
Net Profit
CIFR
CIFR
DDD
DDD
Q4 25
$-734.2M
$-19.5M
Q3 25
$-3.3M
$-18.1M
Q2 25
$-45.8M
$104.4M
Q1 25
$-39.0M
$-37.0M
Q4 24
$17.5M
$-33.5M
Q3 24
$-86.8M
$-178.6M
Q2 24
$-15.3M
$-27.3M
Q1 24
$39.9M
$-16.0M
Gross Margin
CIFR
CIFR
DDD
DDD
Q4 25
59.4%
30.8%
Q3 25
62.7%
32.3%
Q2 25
64.8%
38.1%
Q1 25
69.6%
34.6%
Q4 24
56.9%
31.0%
Q3 24
37.5%
36.9%
Q2 24
61.2%
41.6%
Q1 24
69.2%
39.8%
Operating Margin
CIFR
CIFR
DDD
DDD
Q4 25
-503.4%
-21.3%
Q3 25
-52.5%
-23.4%
Q2 25
-103.9%
-16.2%
Q1 25
-77.8%
-38.9%
Q4 24
40.5%
-27.4%
Q3 24
-379.2%
-160.0%
Q2 24
-43.9%
-23.3%
Q1 24
97.2%
-38.7%
Net Margin
CIFR
CIFR
DDD
DDD
Q4 25
-1229.6%
-18.4%
Q3 25
-4.6%
-19.8%
Q2 25
-105.1%
110.1%
Q1 25
-79.6%
-39.1%
Q4 24
41.5%
-30.1%
Q3 24
-359.9%
-158.2%
Q2 24
-41.5%
-24.1%
Q1 24
82.9%
-15.5%
EPS (diluted)
CIFR
CIFR
DDD
DDD
Q4 25
$-1.91
$0.04
Q3 25
$-0.01
$-0.14
Q2 25
$-0.12
$0.57
Q1 25
$-0.11
$-0.28
Q4 24
$0.04
$-0.26
Q3 24
$-0.26
$-1.35
Q2 24
$-0.05
$-0.21
Q1 24
$0.13
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIFR
CIFR
DDD
DDD
Cash + ST InvestmentsLiquidity on hand
$628.3M
$95.6M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$805.5M
$240.4M
Total Assets
$4.3B
$521.7M
Debt / EquityLower = less leverage
3.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
DDD
DDD
Q4 25
$628.3M
$95.6M
Q3 25
$1.2B
$95.5M
Q2 25
$62.7M
$116.4M
Q1 25
$23.2M
$135.0M
Q4 24
$5.6M
$171.3M
Q3 24
$25.3M
$190.0M
Q2 24
$122.6M
$192.7M
Q1 24
$88.7M
$212.0M
Total Debt
CIFR
CIFR
DDD
DDD
Q4 25
$2.7B
Q3 25
$1.0B
Q2 25
$167.1M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CIFR
CIFR
DDD
DDD
Q4 25
$805.5M
$240.4M
Q3 25
$783.2M
$221.1M
Q2 25
$748.9M
$241.2M
Q1 25
$734.8M
$145.6M
Q4 24
$682.0M
$176.2M
Q3 24
$672.0M
$218.0M
Q2 24
$690.8M
$381.7M
Q1 24
$600.9M
$408.4M
Total Assets
CIFR
CIFR
DDD
DDD
Q4 25
$4.3B
$521.7M
Q3 25
$2.8B
$554.5M
Q2 25
$1.0B
$587.8M
Q1 25
$913.8M
$583.4M
Q4 24
$855.4M
$608.8M
Q3 24
$775.4M
$658.3M
Q2 24
$775.6M
$821.5M
Q1 24
$677.1M
$857.2M
Debt / Equity
CIFR
CIFR
DDD
DDD
Q4 25
3.37×
Q3 25
1.31×
Q2 25
0.22×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
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
CIFR
CIFR
DDD
DDD
Operating Cash FlowLast quarter
$-207.9M
$-14.7M
Free Cash FlowOCF − Capex
$-695.9M
$-16.6M
FCF MarginFCF / Revenue
-1165.4%
-15.7%
Capex IntensityCapex / Revenue
817.1%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.1B
$-97.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
DDD
DDD
Q4 25
$-207.9M
$-14.7M
Q3 25
$-50.1M
$-13.5M
Q2 25
$-56.2M
$-25.8M
Q1 25
$-47.2M
$-33.8M
Q4 24
$-87.5M
$-7.8M
Q3 24
$-6.5M
$-801.0K
Q2 24
$-25.4M
$-10.8M
Q1 24
$-26.6M
$-25.5M
Free Cash Flow
CIFR
CIFR
DDD
DDD
Q4 25
$-695.9M
$-16.6M
Q3 25
$-256.2M
$-15.8M
Q2 25
$-87.5M
$-28.8M
Q1 25
$-71.8M
$-36.6M
Q4 24
$-227.0M
$-13.1M
Q3 24
$-83.2M
$-4.4M
Q2 24
$-33.2M
$-14.7M
Q1 24
$-34.5M
$-28.7M
FCF Margin
CIFR
CIFR
DDD
DDD
Q4 25
-1165.4%
-15.7%
Q3 25
-357.3%
-17.3%
Q2 25
-200.9%
-30.4%
Q1 25
-146.7%
-38.7%
Q4 24
-537.6%
-11.8%
Q3 24
-345.0%
-3.9%
Q2 24
-90.2%
-13.0%
Q1 24
-71.7%
-27.9%
Capex Intensity
CIFR
CIFR
DDD
DDD
Q4 25
817.1%
1.8%
Q3 25
287.5%
2.5%
Q2 25
71.8%
3.1%
Q1 25
50.2%
3.0%
Q4 24
330.4%
4.8%
Q3 24
317.8%
3.2%
Q2 24
21.4%
3.5%
Q1 24
16.4%
3.1%
Cash Conversion
CIFR
CIFR
DDD
DDD
Q4 25
Q3 25
Q2 25
-0.25×
Q1 25
Q4 24
-5.00×
Q3 24
Q2 24
Q1 24
-0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CIFR
CIFR

Segment breakdown not available.

DDD
DDD

Products$62.6M59%
Services$43.7M41%

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