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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.
Evolus, Inc. is the larger business by last-quarter revenue ($90.3M vs $59.7M, roughly 1.5× Cipher Mining Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -1229.6%, a 1229.7% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 14.4%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $-695.9M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
CIFR vs EOLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $90.3M |
| Net Profit | $-734.2M | $130.0K |
| Gross Margin | 59.4% | 65.7% |
| Operating Margin | -503.4% | 4.7% |
| Net Margin | -1229.6% | 0.1% |
| Revenue YoY | 41.4% | 14.4% |
| Net Profit YoY | -4293.1% | 101.9% |
| 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 | $90.3M | ||
| Q3 25 | $71.7M | $69.0M | ||
| Q2 25 | $43.6M | $69.4M | ||
| Q1 25 | $49.0M | $68.5M | ||
| Q4 24 | $42.2M | $78.9M | ||
| Q3 24 | $24.1M | $61.1M | ||
| Q2 24 | $36.8M | $66.9M | ||
| Q1 24 | $48.1M | $59.3M |
| Q4 25 | $-734.2M | $130.0K | ||
| Q3 25 | $-3.3M | $-15.7M | ||
| Q2 25 | $-45.8M | $-17.1M | ||
| Q1 25 | $-39.0M | $-18.9M | ||
| Q4 24 | $17.5M | $-6.8M | ||
| Q3 24 | $-86.8M | $-19.2M | ||
| Q2 24 | $-15.3M | $-11.3M | ||
| Q1 24 | $39.9M | $-13.1M |
| Q4 25 | 59.4% | 65.7% | ||
| Q3 25 | 62.7% | 66.5% | ||
| Q2 25 | 64.8% | 65.3% | ||
| Q1 25 | 69.6% | 68.1% | ||
| Q4 24 | 56.9% | 66.7% | ||
| Q3 24 | 37.5% | 68.9% | ||
| Q2 24 | 61.2% | 70.3% | ||
| Q1 24 | 69.2% | 68.3% |
| Q4 25 | -503.4% | 4.7% | ||
| Q3 25 | -52.5% | -16.7% | ||
| Q2 25 | -103.9% | -14.7% | ||
| Q1 25 | -77.8% | -22.1% | ||
| Q4 24 | 40.5% | -2.9% | ||
| Q3 24 | -379.2% | -25.3% | ||
| Q2 24 | -43.9% | -11.5% | ||
| Q1 24 | 97.2% | -15.0% |
| Q4 25 | -1229.6% | 0.1% | ||
| Q3 25 | -4.6% | -22.8% | ||
| Q2 25 | -105.1% | -24.7% | ||
| Q1 25 | -79.6% | -27.6% | ||
| Q4 24 | 41.5% | -8.6% | ||
| Q3 24 | -359.9% | -31.4% | ||
| Q2 24 | -41.5% | -17.0% | ||
| Q1 24 | 82.9% | -22.1% |
| Q4 25 | $-1.91 | $0.01 | ||
| Q3 25 | $-0.01 | $-0.24 | ||
| Q2 25 | $-0.12 | $-0.27 | ||
| Q1 25 | $-0.11 | $-0.30 | ||
| Q4 24 | $0.04 | $-0.11 | ||
| Q3 24 | $-0.26 | $-0.30 | ||
| Q2 24 | $-0.05 | $-0.18 | ||
| Q1 24 | $0.13 | $-0.22 |
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 | $53.8M |
| Total DebtLower is stronger | $2.7B | $146.1M |
| Stockholders' EquityBook value | $805.5M | $-23.1M |
| Total Assets | $4.3B | $225.9M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $53.8M | ||
| Q3 25 | $1.2B | $43.5M | ||
| Q2 25 | $62.7M | $61.7M | ||
| Q1 25 | $23.2M | $67.9M | ||
| Q4 24 | $5.6M | $87.0M | ||
| Q3 24 | $25.3M | $85.0M | ||
| Q2 24 | $122.6M | $93.7M | ||
| Q1 24 | $88.7M | $97.0M |
| Q4 25 | $2.7B | $146.1M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | $121.8M | ||
| Q4 24 | $0 | $121.5M | ||
| Q3 24 | — | $121.2M | ||
| Q2 24 | — | $120.9M | ||
| Q1 24 | — | $120.6M |
| Q4 25 | $805.5M | $-23.1M | ||
| Q3 25 | $783.2M | $-28.8M | ||
| Q2 25 | $748.9M | $-18.7M | ||
| Q1 25 | $734.8M | $-6.6M | ||
| Q4 24 | $682.0M | $5.5M | ||
| Q3 24 | $672.0M | $5.9M | ||
| Q2 24 | $690.8M | $19.3M | ||
| Q1 24 | $600.9M | $18.4M |
| Q4 25 | $4.3B | $225.9M | ||
| Q3 25 | $2.8B | $219.0M | ||
| Q2 25 | $1.0B | $228.8M | ||
| Q1 25 | $913.8M | $213.4M | ||
| Q4 24 | $855.4M | $232.6M | ||
| Q3 24 | $775.4M | $229.6M | ||
| Q2 24 | $775.6M | $233.8M | ||
| Q1 24 | $677.1M | $226.2M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 22.00× | ||
| Q3 24 | — | 20.58× | ||
| Q2 24 | — | 6.26× | ||
| Q1 24 | — | 6.54× |
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 | $12.8M |
| Free Cash FlowOCF − Capex | $-695.9M | $11.3M |
| FCF MarginFCF / Revenue | -1165.4% | 12.6% |
| Capex IntensityCapex / Revenue | 817.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 98.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-45.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $12.8M | ||
| Q3 25 | $-50.1M | $-14.7M | ||
| Q2 25 | $-56.2M | $-24.8M | ||
| Q1 25 | $-47.2M | $-15.6M | ||
| Q4 24 | $-87.5M | $4.8M | ||
| Q3 24 | $-6.5M | $-5.7M | ||
| Q2 24 | $-25.4M | $-6.5M | ||
| Q1 24 | $-26.6M | $-10.6M |
| Q4 25 | $-695.9M | $11.3M | ||
| Q3 25 | $-256.2M | $-15.6M | ||
| Q2 25 | $-87.5M | $-25.5M | ||
| Q1 25 | $-71.8M | $-16.0M | ||
| Q4 24 | $-227.0M | $4.4M | ||
| Q3 24 | $-83.2M | $-6.0M | ||
| Q2 24 | $-33.2M | $-6.9M | ||
| Q1 24 | $-34.5M | $-10.9M |
| Q4 25 | -1165.4% | 12.6% | ||
| Q3 25 | -357.3% | -22.7% | ||
| Q2 25 | -200.9% | -36.7% | ||
| Q1 25 | -146.7% | -23.3% | ||
| Q4 24 | -537.6% | 5.5% | ||
| Q3 24 | -345.0% | -9.9% | ||
| Q2 24 | -90.2% | -10.4% | ||
| Q1 24 | -71.7% | -18.3% |
| Q4 25 | 817.1% | 1.6% | ||
| Q3 25 | 287.5% | 1.4% | ||
| Q2 25 | 71.8% | 1.0% | ||
| Q1 25 | 50.2% | 0.5% | ||
| Q4 24 | 330.4% | 0.6% | ||
| Q3 24 | 317.8% | 0.5% | ||
| Q2 24 | 21.4% | 0.7% | ||
| Q1 24 | 16.4% | 0.4% |
| Q4 25 | — | 98.67× | ||
| Q3 25 | — | — | ||
| Q2 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.
