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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and HARTE HANKS INC (HHS). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $39.9M, roughly 1.5× HARTE HANKS INC). HARTE HANKS INC runs the higher net margin — 5.5% vs -1229.6%, a 1235.1% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -15.4%). HARTE HANKS INC produced more free cash flow last quarter ($-686.0K vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -6.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.
CIFR vs HHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $39.9M |
| Net Profit | $-734.2M | $2.2M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | -0.3% |
| Net Margin | -1229.6% | 5.5% |
| Revenue YoY | 41.4% | -15.4% |
| Net Profit YoY | -4293.1% | — |
| EPS (diluted) | $-1.91 | $0.30 |
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 | $39.9M | ||
| Q3 25 | $71.7M | $39.5M | ||
| Q2 25 | $43.6M | $38.6M | ||
| Q1 25 | $49.0M | $41.6M | ||
| Q4 24 | $42.2M | $47.1M | ||
| Q3 24 | $24.1M | $47.6M | ||
| Q2 24 | $36.8M | $45.0M | ||
| Q1 24 | $48.1M | $45.4M |
| Q4 25 | $-734.2M | $2.2M | ||
| Q3 25 | $-3.3M | $-2.3M | ||
| Q2 25 | $-45.8M | $-335.0K | ||
| Q1 25 | $-39.0M | $-392.0K | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $-86.8M | $142.0K | ||
| Q2 24 | $-15.3M | $-27.8M | ||
| Q1 24 | $39.9M | $-171.0K |
| 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% | -0.3% | ||
| Q3 25 | -52.5% | 1.3% | ||
| Q2 25 | -103.9% | 0.1% | ||
| Q1 25 | -77.8% | -0.1% | ||
| Q4 24 | 40.5% | -3.3% | ||
| Q3 24 | -379.2% | 4.0% | ||
| Q2 24 | -43.9% | 3.0% | ||
| Q1 24 | 97.2% | 0.8% |
| Q4 25 | -1229.6% | 5.5% | ||
| Q3 25 | -4.6% | -5.8% | ||
| Q2 25 | -105.1% | -0.9% | ||
| Q1 25 | -79.6% | -0.9% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | -359.9% | 0.3% | ||
| Q2 24 | -41.5% | -61.8% | ||
| Q1 24 | 82.9% | -0.4% |
| Q4 25 | $-1.91 | $0.30 | ||
| Q3 25 | $-0.01 | $-0.31 | ||
| Q2 25 | $-0.12 | $-0.05 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $0.04 | $-0.31 | ||
| Q3 24 | $-0.26 | $0.02 | ||
| Q2 24 | $-0.05 | $-3.84 | ||
| Q1 24 | $0.13 | $-0.02 |
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 | $5.6M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $20.5M |
| Total Assets | $4.3B | $91.8M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $5.6M | ||
| Q3 25 | $1.2B | $6.5M | ||
| Q2 25 | $62.7M | $4.8M | ||
| Q1 25 | $23.2M | $9.0M | ||
| Q4 24 | $5.6M | $9.8M | ||
| Q3 24 | $25.3M | $5.9M | ||
| Q2 24 | $122.6M | $11.0M | ||
| Q1 24 | $88.7M | $11.5M |
| 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 | $20.5M | ||
| Q3 25 | $783.2M | $19.9M | ||
| Q2 25 | $748.9M | $22.2M | ||
| Q1 25 | $734.8M | $21.4M | ||
| Q4 24 | $682.0M | $21.7M | ||
| Q3 24 | $672.0M | $21.0M | ||
| Q2 24 | $690.8M | $20.6M | ||
| Q1 24 | $600.9M | $20.0M |
| Q4 25 | $4.3B | $91.8M | ||
| Q3 25 | $2.8B | $92.7M | ||
| Q2 25 | $1.0B | $95.0M | ||
| Q1 25 | $913.8M | $100.6M | ||
| Q4 24 | $855.4M | $101.8M | ||
| Q3 24 | $775.4M | $108.1M | ||
| Q2 24 | $775.6M | $109.7M | ||
| Q1 24 | $677.1M | $113.4M |
| 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 | $737.0K |
| Free Cash FlowOCF − Capex | $-695.9M | $-686.0K |
| FCF MarginFCF / Revenue | -1165.4% | -1.7% |
| Capex IntensityCapex / Revenue | 817.1% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 0.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-4.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $737.0K | ||
| Q3 25 | $-50.1M | $3.2M | ||
| Q2 25 | $-56.2M | $-4.8M | ||
| Q1 25 | $-47.2M | $-818.0K | ||
| Q4 24 | $-87.5M | $4.0M | ||
| Q3 24 | $-6.5M | $-2.9M | ||
| Q2 24 | $-25.4M | $1.6M | ||
| Q1 24 | $-26.6M | $-5.7M |
| Q4 25 | $-695.9M | $-686.0K | ||
| Q3 25 | $-256.2M | $2.2M | ||
| Q2 25 | $-87.5M | $-5.1M | ||
| Q1 25 | $-71.8M | $-923.0K | ||
| Q4 24 | $-227.0M | $3.4M | ||
| Q3 24 | $-83.2M | $-4.9M | ||
| Q2 24 | $-33.2M | $926.0K | ||
| Q1 24 | $-34.5M | $-6.2M |
| Q4 25 | -1165.4% | -1.7% | ||
| Q3 25 | -357.3% | 5.5% | ||
| Q2 25 | -200.9% | -13.1% | ||
| Q1 25 | -146.7% | -2.2% | ||
| Q4 24 | -537.6% | 7.3% | ||
| Q3 24 | -345.0% | -10.2% | ||
| Q2 24 | -90.2% | 2.1% | ||
| Q1 24 | -71.7% | -13.7% |
| Q4 25 | 817.1% | 3.6% | ||
| Q3 25 | 287.5% | 2.5% | ||
| Q2 25 | 71.8% | 0.6% | ||
| Q1 25 | 50.2% | 0.3% | ||
| Q4 24 | 330.4% | 1.3% | ||
| Q3 24 | 317.8% | 4.0% | ||
| Q2 24 | 21.4% | 1.5% | ||
| Q1 24 | 16.4% | 1.2% |
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | -20.76× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
