vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $59.7M, roughly 1.4× Cipher Mining Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -1229.6%, a 1252.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 41.4%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-695.9M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
CIFR vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $85.1M |
| Net Profit | $-734.2M | $19.4M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | 17.3% |
| Net Margin | -1229.6% | 22.8% |
| Revenue YoY | 41.4% | 8508900.0% |
| Net Profit YoY | -4293.1% | 139.1% |
| EPS (diluted) | $-1.91 | $0.43 |
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 | $85.1M | ||
| Q3 25 | $71.7M | $90.0K | ||
| Q2 25 | $43.6M | $15.0K | ||
| Q1 25 | $49.0M | $14.0K | ||
| Q4 24 | $42.2M | $1.0K | ||
| Q3 24 | $24.1M | $3.0K | ||
| Q2 24 | $36.8M | $5.0K | ||
| Q1 24 | $48.1M | $28.0K |
| Q4 25 | $-734.2M | $19.4M | ||
| Q3 25 | $-3.3M | $-56.9M | ||
| Q2 25 | $-45.8M | $-54.7M | ||
| Q1 25 | $-39.0M | $-48.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $-86.8M | $-43.8M | ||
| Q2 24 | $-15.3M | $-35.0M | ||
| Q1 24 | $39.9M | $-32.4M |
| 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% | 17.3% | ||
| Q3 25 | -52.5% | -67983.3% | ||
| Q2 25 | -103.9% | -396373.3% | ||
| Q1 25 | -77.8% | -383007.1% | ||
| Q4 24 | 40.5% | — | ||
| Q3 24 | -379.2% | -1704400.0% | ||
| Q2 24 | -43.9% | -849120.0% | ||
| Q1 24 | 97.2% | -136200.0% |
| Q4 25 | -1229.6% | 22.8% | ||
| Q3 25 | -4.6% | -63195.6% | ||
| Q2 25 | -105.1% | -364386.7% | ||
| Q1 25 | -79.6% | -342657.1% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | -359.9% | -1461433.3% | ||
| Q2 24 | -41.5% | -699060.0% | ||
| Q1 24 | 82.9% | -115717.9% |
| Q4 25 | $-1.91 | $0.43 | ||
| Q3 25 | $-0.01 | $-1.01 | ||
| Q2 25 | $-0.12 | $-0.98 | ||
| Q1 25 | $-0.11 | $-0.86 | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $-0.26 | $-0.79 | ||
| Q2 24 | $-0.05 | $-0.63 | ||
| Q1 24 | $0.13 | $-0.66 |
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 | $402.7M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $505.7M |
| Total Assets | $4.3B | $566.7M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $402.7M | ||
| Q3 25 | $1.2B | $305.1M | ||
| Q2 25 | $62.7M | $293.2M | ||
| Q1 25 | $23.2M | $321.4M | ||
| Q4 24 | $5.6M | $424.9M | ||
| Q3 24 | $25.3M | $501.9M | ||
| Q2 24 | $122.6M | $541.9M | ||
| Q1 24 | $88.7M | $525.9M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $505.7M | ||
| Q3 25 | $783.2M | $369.0M | ||
| Q2 25 | $748.9M | $420.9M | ||
| Q1 25 | $734.8M | $469.7M | ||
| Q4 24 | $682.0M | $510.6M | ||
| Q3 24 | $672.0M | $552.9M | ||
| Q2 24 | $690.8M | $588.3M | ||
| Q1 24 | $600.9M | $600.6M |
| Q4 25 | $4.3B | $566.7M | ||
| Q3 25 | $2.8B | $424.0M | ||
| Q2 25 | $1.0B | $473.6M | ||
| Q1 25 | $913.8M | $515.7M | ||
| Q4 24 | $855.4M | $560.4M | ||
| Q3 24 | $775.4M | $604.0M | ||
| Q2 24 | $775.6M | $620.1M | ||
| Q1 24 | $677.1M | $629.9M |
| 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 | $28.6M |
| Free Cash FlowOCF − Capex | $-695.9M | $28.5M |
| FCF MarginFCF / Revenue | -1165.4% | 33.5% |
| Capex IntensityCapex / Revenue | 817.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $28.6M | ||
| Q3 25 | $-50.1M | $-46.5M | ||
| Q2 25 | $-56.2M | $-43.4M | ||
| Q1 25 | $-47.2M | $-47.8M | ||
| Q4 24 | $-87.5M | $-134.6M | ||
| Q3 24 | $-6.5M | $-29.4M | ||
| Q2 24 | $-25.4M | $-30.2M | ||
| Q1 24 | $-26.6M | $-29.1M |
| Q4 25 | $-695.9M | $28.5M | ||
| Q3 25 | $-256.2M | $-46.6M | ||
| Q2 25 | $-87.5M | $-43.4M | ||
| Q1 25 | $-71.8M | $-48.4M | ||
| Q4 24 | $-227.0M | $-138.4M | ||
| Q3 24 | $-83.2M | $-31.2M | ||
| Q2 24 | $-33.2M | $-30.6M | ||
| Q1 24 | $-34.5M | $-29.8M |
| Q4 25 | -1165.4% | 33.5% | ||
| Q3 25 | -357.3% | -51765.6% | ||
| Q2 25 | -200.9% | -289620.0% | ||
| Q1 25 | -146.7% | -345635.7% | ||
| Q4 24 | -537.6% | -13837100.0% | ||
| Q3 24 | -345.0% | -1038966.7% | ||
| Q2 24 | -90.2% | -611840.0% | ||
| Q1 24 | -71.7% | -106421.4% |
| Q4 25 | 817.1% | 0.1% | ||
| Q3 25 | 287.5% | 101.1% | ||
| Q2 25 | 71.8% | 440.0% | ||
| Q1 25 | 50.2% | 4507.1% | ||
| Q4 24 | 330.4% | 378600.0% | ||
| Q3 24 | 317.8% | 59266.7% | ||
| Q2 24 | 21.4% | 6980.0% | ||
| Q1 24 | 16.4% | 2535.7% |
| Q4 25 | — | 1.47× | ||
| 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.
