vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and DENNY'S Corp (DENN). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $59.7M, roughly 1.9× Cipher Mining Inc.). DENNY'S Corp runs the higher net margin — 0.6% vs -1229.6%, a 1230.2% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 1.3%). DENNY'S Corp produced more free cash flow last quarter ($16.0M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -0.9%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
CIFR vs DENN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $113.2M |
| Net Profit | $-734.2M | $632.0K |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | 9.2% |
| Net Margin | -1229.6% | 0.6% |
| Revenue YoY | 41.4% | 1.3% |
| Net Profit YoY | -4293.1% | -90.3% |
| EPS (diluted) | $-1.91 | $0.01 |
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 | — | ||
| Q3 25 | $71.7M | $113.2M | ||
| Q2 25 | $43.6M | $117.7M | ||
| Q1 25 | $49.0M | $111.6M | ||
| Q4 24 | $42.2M | $114.7M | ||
| Q3 24 | $24.1M | $111.8M | ||
| Q2 24 | $36.8M | $115.9M | ||
| Q1 24 | $48.1M | $110.0M |
| Q4 25 | $-734.2M | — | ||
| Q3 25 | $-3.3M | $632.0K | ||
| Q2 25 | $-45.8M | $2.5M | ||
| Q1 25 | $-39.0M | $326.0K | ||
| Q4 24 | $17.5M | $6.8M | ||
| Q3 24 | $-86.8M | $6.5M | ||
| Q2 24 | $-15.3M | $3.6M | ||
| Q1 24 | $39.9M | $4.7M |
| 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% | — | ||
| Q3 25 | -52.5% | 9.2% | ||
| Q2 25 | -103.9% | 7.3% | ||
| Q1 25 | -77.8% | 4.7% | ||
| Q4 24 | 40.5% | 12.6% | ||
| Q3 24 | -379.2% | 10.5% | ||
| Q2 24 | -43.9% | 7.9% | ||
| Q1 24 | 97.2% | 9.1% |
| Q4 25 | -1229.6% | — | ||
| Q3 25 | -4.6% | 0.6% | ||
| Q2 25 | -105.1% | 2.1% | ||
| Q1 25 | -79.6% | 0.3% | ||
| Q4 24 | 41.5% | 5.9% | ||
| Q3 24 | -359.9% | 5.8% | ||
| Q2 24 | -41.5% | 3.1% | ||
| Q1 24 | 82.9% | 4.3% |
| Q4 25 | $-1.91 | — | ||
| Q3 25 | $-0.01 | $0.01 | ||
| Q2 25 | $-0.12 | $0.05 | ||
| Q1 25 | $-0.11 | $0.01 | ||
| Q4 24 | $0.04 | $0.13 | ||
| Q3 24 | $-0.26 | $0.12 | ||
| Q2 24 | $-0.05 | $0.07 | ||
| Q1 24 | $0.13 | $0.09 |
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 | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $-32.7M |
| Total Assets | $4.3B | $502.9M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $23.2M | $1.1M | ||
| Q4 24 | $5.6M | $100.0K | ||
| Q3 24 | $25.3M | $2.9M | ||
| Q2 24 | $122.6M | $2.8M | ||
| Q1 24 | $88.7M | $2.8M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $270.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | — | ||
| Q3 25 | $783.2M | $-32.7M | ||
| Q2 25 | $748.9M | $-34.6M | ||
| Q1 25 | $734.8M | $-36.4M | ||
| Q4 24 | $682.0M | $-34.0M | ||
| Q3 24 | $672.0M | $-54.5M | ||
| Q2 24 | $690.8M | $-53.2M | ||
| Q1 24 | $600.9M | $-55.7M |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $2.8B | $502.9M | ||
| Q2 25 | $1.0B | $491.1M | ||
| Q1 25 | $913.8M | $488.1M | ||
| Q4 24 | $855.4M | $496.3M | ||
| Q3 24 | $775.4M | $461.6M | ||
| Q2 24 | $775.6M | $459.9M | ||
| Q1 24 | $677.1M | $460.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-207.9M | $16.0M |
| Free Cash FlowOCF − Capex | $-695.9M | $16.0M |
| FCF MarginFCF / Revenue | -1165.4% | 14.1% |
| Capex IntensityCapex / Revenue | 817.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 25.28× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | — | ||
| Q3 25 | $-50.1M | $16.0M | ||
| Q2 25 | $-56.2M | $9.4M | ||
| Q1 25 | $-47.2M | $5.0M | ||
| Q4 24 | $-87.5M | $8.5M | ||
| Q3 24 | $-6.5M | $6.6M | ||
| Q2 24 | $-25.4M | $14.2M | ||
| Q1 24 | $-26.6M | $215.0K |
| Q4 25 | $-695.9M | — | ||
| Q3 25 | $-256.2M | $16.0M | ||
| Q2 25 | $-87.5M | — | ||
| Q1 25 | $-71.8M | — | ||
| Q4 24 | $-227.0M | — | ||
| Q3 24 | $-83.2M | — | ||
| Q2 24 | $-33.2M | — | ||
| Q1 24 | $-34.5M | — |
| Q4 25 | -1165.4% | — | ||
| Q3 25 | -357.3% | 14.1% | ||
| Q2 25 | -200.9% | — | ||
| Q1 25 | -146.7% | — | ||
| Q4 24 | -537.6% | — | ||
| Q3 24 | -345.0% | — | ||
| Q2 24 | -90.2% | — | ||
| Q1 24 | -71.7% | — |
| Q4 25 | 817.1% | — | ||
| Q3 25 | 287.5% | 0.0% | ||
| Q2 25 | 71.8% | — | ||
| Q1 25 | 50.2% | — | ||
| Q4 24 | 330.4% | — | ||
| Q3 24 | 317.8% | 0.0% | ||
| Q2 24 | 21.4% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 25.28× | ||
| Q2 25 | — | 3.79× | ||
| Q1 25 | — | 15.38× | ||
| Q4 24 | -5.00× | 1.26× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 3.97× | ||
| Q1 24 | -0.67× | 0.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
