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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Gevo, Inc. (GEVO). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $45.3M, roughly 1.3× Gevo, Inc.). Gevo, Inc. runs the higher net margin — -13.2% vs -1229.6%, a 1216.3% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs 41.4%). Gevo, Inc. produced more free cash flow last quarter ($8.7M vs $-695.9M). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...
CIFR vs GEVO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $45.3M |
| Net Profit | $-734.2M | $-6.0M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | -4.8% |
| Net Margin | -1229.6% | -13.2% |
| Revenue YoY | 41.4% | 695.6% |
| Net Profit YoY | -4293.1% | 65.9% |
| EPS (diluted) | $-1.91 | $-0.03 |
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 | $45.3M | ||
| Q3 25 | $71.7M | $42.7M | ||
| Q2 25 | $43.6M | $43.4M | ||
| Q1 25 | $49.0M | $29.1M | ||
| Q4 24 | $42.2M | $5.7M | ||
| Q3 24 | $24.1M | $2.0M | ||
| Q2 24 | $36.8M | $5.3M | ||
| Q1 24 | $48.1M | $4.0M |
| Q4 25 | $-734.2M | $-6.0M | ||
| Q3 25 | $-3.3M | $-8.0M | ||
| Q2 25 | $-45.8M | $2.1M | ||
| Q1 25 | $-39.0M | $-21.7M | ||
| Q4 24 | $17.5M | $-17.6M | ||
| Q3 24 | $-86.8M | $-21.2M | ||
| Q2 24 | $-15.3M | $-21.0M | ||
| Q1 24 | $39.9M | $-18.9M |
| 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% | -4.8% | ||
| Q3 25 | -52.5% | -8.6% | ||
| Q2 25 | -103.9% | 13.4% | ||
| Q1 25 | -77.8% | -69.2% | ||
| Q4 24 | 40.5% | -344.7% | ||
| Q3 24 | -379.2% | -1221.8% | ||
| Q2 24 | -43.9% | -456.8% | ||
| Q1 24 | 97.2% | -580.0% |
| Q4 25 | -1229.6% | -13.2% | ||
| Q3 25 | -4.6% | -18.6% | ||
| Q2 25 | -105.1% | 4.9% | ||
| Q1 25 | -79.6% | -74.6% | ||
| Q4 24 | 41.5% | -308.9% | ||
| Q3 24 | -359.9% | -1076.6% | ||
| Q2 24 | -41.5% | -399.3% | ||
| Q1 24 | 82.9% | -473.1% |
| Q4 25 | $-1.91 | $-0.03 | ||
| Q3 25 | $-0.01 | $-0.03 | ||
| Q2 25 | $-0.12 | $0.01 | ||
| Q1 25 | $-0.11 | $-0.09 | ||
| Q4 24 | $0.04 | $-0.08 | ||
| Q3 24 | $-0.26 | $-0.09 | ||
| Q2 24 | $-0.05 | $-0.09 | ||
| Q1 24 | $0.13 | $-0.08 |
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 | $81.2M |
| Total DebtLower is stronger | $2.7B | $164.8M |
| Stockholders' EquityBook value | $805.5M | $466.3M |
| Total Assets | $4.3B | $718.9M |
| Debt / EquityLower = less leverage | 3.37× | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $81.2M | ||
| Q3 25 | $1.2B | $72.6M | ||
| Q2 25 | $62.7M | $57.3M | ||
| Q1 25 | $23.2M | $65.3M | ||
| Q4 24 | $5.6M | $189.4M | ||
| Q3 24 | $25.3M | $223.2M | ||
| Q2 24 | $122.6M | $245.7M | ||
| Q1 24 | $88.7M | $270.6M |
| Q4 25 | $2.7B | $164.8M | ||
| Q3 25 | $1.0B | $164.5M | ||
| Q2 25 | $167.1M | $167.5M | ||
| Q1 25 | — | $167.0M | ||
| Q4 24 | $0 | $67.1M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $66.8M | ||
| Q1 24 | — | $68.3M |
| Q4 25 | $805.5M | $466.3M | ||
| Q3 25 | $783.2M | $468.9M | ||
| Q2 25 | $748.9M | $474.1M | ||
| Q1 25 | $734.8M | $469.8M | ||
| Q4 24 | $682.0M | $489.5M | ||
| Q3 24 | $672.0M | $504.7M | ||
| Q2 24 | $690.8M | $522.7M | ||
| Q1 24 | $600.9M | $541.9M |
| Q4 25 | $4.3B | $718.9M | ||
| Q3 25 | $2.8B | $685.2M | ||
| Q2 25 | $1.0B | $702.1M | ||
| Q1 25 | $913.8M | $677.8M | ||
| Q4 24 | $855.4M | $583.9M | ||
| Q3 24 | $775.4M | $583.9M | ||
| Q2 24 | $775.6M | $617.9M | ||
| Q1 24 | $677.1M | $633.6M |
| Q4 25 | 3.37× | 0.35× | ||
| Q3 25 | 1.31× | 0.35× | ||
| Q2 25 | 0.22× | 0.35× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | 0.00× | 0.14× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.13× | ||
| Q1 24 | — | 0.13× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-695.9M | $8.7M |
| FCF MarginFCF / Revenue | -1165.4% | 19.3% |
| Capex IntensityCapex / Revenue | 817.1% | 24.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-43.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $20.0M | ||
| Q3 25 | $-50.1M | $-6.8M | ||
| Q2 25 | $-56.2M | $-2.5M | ||
| Q1 25 | $-47.2M | $-24.0M | ||
| Q4 24 | $-87.5M | $-18.8M | ||
| Q3 24 | $-6.5M | $-11.0M | ||
| Q2 24 | $-25.4M | $-11.4M | ||
| Q1 24 | $-26.6M | $-16.1M |
| Q4 25 | $-695.9M | $8.7M | ||
| Q3 25 | $-256.2M | $-14.6M | ||
| Q2 25 | $-87.5M | $-7.8M | ||
| Q1 25 | $-71.8M | $-29.9M | ||
| Q4 24 | $-227.0M | $-33.5M | ||
| Q3 24 | $-83.2M | $-20.8M | ||
| Q2 24 | $-33.2M | $-20.6M | ||
| Q1 24 | $-34.5M | $-33.6M |
| Q4 25 | -1165.4% | 19.3% | ||
| Q3 25 | -357.3% | -34.2% | ||
| Q2 25 | -200.9% | -17.9% | ||
| Q1 25 | -146.7% | -102.7% | ||
| Q4 24 | -537.6% | -587.2% | ||
| Q3 24 | -345.0% | -1057.0% | ||
| Q2 24 | -90.2% | -392.4% | ||
| Q1 24 | -71.7% | -841.9% |
| Q4 25 | 817.1% | 24.7% | ||
| Q3 25 | 287.5% | 18.3% | ||
| Q2 25 | 71.8% | 12.1% | ||
| Q1 25 | 50.2% | 20.0% | ||
| Q4 24 | 330.4% | 256.6% | ||
| Q3 24 | 317.8% | 496.2% | ||
| Q2 24 | 21.4% | 174.8% | ||
| Q1 24 | 16.4% | 438.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.18× | ||
| 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.
