vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Eos Energy Enterprises, Inc. (EOSE). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $58.0M, roughly 1.0× Eos Energy Enterprises, Inc.). Eos Energy Enterprises, Inc. runs the higher net margin — -207.7% vs -1229.6%, a 1021.9% gap on every dollar of revenue. On growth, Eos Energy Enterprises, Inc. posted the faster year-over-year revenue change (699.6% vs 41.4%). Eos Energy Enterprises, Inc. produced more free cash flow last quarter ($-75.2M vs $-695.9M).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.
CIFR vs EOSE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $58.0M |
| Net Profit | $-734.2M | $-120.5M |
| Gross Margin | 59.4% | -93.8% |
| Operating Margin | -503.4% | -140.1% |
| Net Margin | -1229.6% | -207.7% |
| Revenue YoY | 41.4% | 699.6% |
| Net Profit YoY | -4293.1% | 55.1% |
| EPS (diluted) | $-1.91 | $-0.53 |
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 | $58.0M | ||
| Q3 25 | $71.7M | $30.5M | ||
| Q2 25 | $43.6M | $15.2M | ||
| Q1 25 | $49.0M | $10.5M | ||
| Q4 24 | $42.2M | $7.3M | ||
| Q3 24 | $24.1M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $48.1M | — |
| Q4 25 | $-734.2M | $-120.5M | ||
| Q3 25 | $-3.3M | $-641.4M | ||
| Q2 25 | $-45.8M | $-222.9M | ||
| Q1 25 | $-39.0M | $15.1M | ||
| Q4 24 | $17.5M | $-268.1M | ||
| Q3 24 | $-86.8M | — | ||
| Q2 24 | $-15.3M | — | ||
| Q1 24 | $39.9M | — |
| Q4 25 | 59.4% | -93.8% | ||
| Q3 25 | 62.7% | -111.2% | ||
| Q2 25 | 64.8% | -203.2% | ||
| Q1 25 | 69.6% | -234.7% | ||
| Q4 24 | 56.9% | -324.0% | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 61.2% | — | ||
| Q1 24 | 69.2% | — |
| Q4 25 | -503.4% | -140.1% | ||
| Q3 25 | -52.5% | -200.6% | ||
| Q2 25 | -103.9% | -419.1% | ||
| Q1 25 | -77.8% | -506.2% | ||
| Q4 24 | 40.5% | -712.8% | ||
| Q3 24 | -379.2% | — | ||
| Q2 24 | -43.9% | — | ||
| Q1 24 | 97.2% | — |
| Q4 25 | -1229.6% | -207.7% | ||
| Q3 25 | -4.6% | -2102.1% | ||
| Q2 25 | -105.1% | -1463.2% | ||
| Q1 25 | -79.6% | 144.7% | ||
| Q4 24 | 41.5% | -3696.7% | ||
| Q3 24 | -359.9% | — | ||
| Q2 24 | -41.5% | — | ||
| Q1 24 | 82.9% | — |
| Q4 25 | $-1.91 | $-0.53 | ||
| Q3 25 | $-0.01 | $-4.91 | ||
| Q2 25 | $-0.12 | $-1.05 | ||
| Q1 25 | $-0.11 | $-0.20 | ||
| Q4 24 | $0.04 | $-2.30 | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-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 | $628.3M | $568.0M |
| Total DebtLower is stronger | $2.7B | $813.3M |
| Stockholders' EquityBook value | $805.5M | $-2.2B |
| Total Assets | $4.3B | $885.2M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $568.0M | ||
| Q3 25 | $1.2B | $58.7M | ||
| Q2 25 | $62.7M | $120.2M | ||
| Q1 25 | $23.2M | $82.6M | ||
| Q4 24 | $5.6M | $74.3M | ||
| Q3 24 | $25.3M | — | ||
| Q2 24 | $122.6M | — | ||
| Q1 24 | $88.7M | — |
| Q4 25 | $2.7B | $813.3M | ||
| Q3 25 | $1.0B | $448.5M | ||
| Q2 25 | $167.1M | $445.3M | ||
| Q1 25 | — | $325.5M | ||
| Q4 24 | $0 | $316.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $-2.2B | ||
| Q3 25 | $783.2M | $-2.3B | ||
| Q2 25 | $748.9M | $-1.1B | ||
| Q1 25 | $734.8M | $-942.2M | ||
| Q4 24 | $682.0M | $-1.1B | ||
| Q3 24 | $672.0M | — | ||
| Q2 24 | $690.8M | — | ||
| Q1 24 | $600.9M | — |
| Q4 25 | $4.3B | $885.2M | ||
| Q3 25 | $2.8B | $328.2M | ||
| Q2 25 | $1.0B | $361.0M | ||
| Q1 25 | $913.8M | $263.3M | ||
| Q4 24 | $855.4M | $260.3M | ||
| Q3 24 | $775.4M | — | ||
| Q2 24 | $775.6M | — | ||
| Q1 24 | $677.1M | — |
| 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 | $-50.3M |
| Free Cash FlowOCF − Capex | $-695.9M | $-75.2M |
| FCF MarginFCF / Revenue | -1165.4% | -129.7% |
| Capex IntensityCapex / Revenue | 817.1% | 43.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-265.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-50.3M | ||
| Q3 25 | $-50.1M | $-65.9M | ||
| Q2 25 | $-56.2M | $-66.1M | ||
| Q1 25 | $-47.2M | $-28.9M | ||
| Q4 24 | $-87.5M | $-42.7M | ||
| Q3 24 | $-6.5M | — | ||
| Q2 24 | $-25.4M | — | ||
| Q1 24 | $-26.6M | — |
| Q4 25 | $-695.9M | $-75.2M | ||
| Q3 25 | $-256.2M | $-82.7M | ||
| Q2 25 | $-87.5M | $-73.2M | ||
| Q1 25 | $-71.8M | $-33.8M | ||
| Q4 24 | $-227.0M | $-55.8M | ||
| Q3 24 | $-83.2M | — | ||
| Q2 24 | $-33.2M | — | ||
| Q1 24 | $-34.5M | — |
| Q4 25 | -1165.4% | -129.7% | ||
| Q3 25 | -357.3% | -271.1% | ||
| Q2 25 | -200.9% | -480.2% | ||
| Q1 25 | -146.7% | -323.6% | ||
| Q4 24 | -537.6% | -769.1% | ||
| Q3 24 | -345.0% | — | ||
| Q2 24 | -90.2% | — | ||
| Q1 24 | -71.7% | — |
| Q4 25 | 817.1% | 43.1% | ||
| Q3 25 | 287.5% | 55.2% | ||
| Q2 25 | 71.8% | 46.2% | ||
| Q1 25 | 50.2% | 47.0% | ||
| Q4 24 | 330.4% | 180.6% | ||
| Q3 24 | 317.8% | — | ||
| Q2 24 | 21.4% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -1.91× | ||
| 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.
