vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Honest Company, Inc. (HNST). Click either name above to swap in a different company.
Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $59.7M, roughly 1.5× Cipher Mining Inc.). Honest Company, Inc. runs the higher net margin — -26.8% vs -1229.6%, a 1202.8% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -11.8%). Honest Company, Inc. produced more free cash flow last quarter ($18.1M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 1.0%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
CIFR vs HNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $88.0M |
| Net Profit | $-734.2M | $-23.6M |
| Gross Margin | 59.4% | 15.7% |
| Operating Margin | -503.4% | -27.5% |
| Net Margin | -1229.6% | -26.8% |
| Revenue YoY | 41.4% | -11.8% |
| Net Profit YoY | -4293.1% | -2813.2% |
| EPS (diluted) | $-1.91 | $-0.21 |
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 | $88.0M | ||
| Q3 25 | $71.7M | $92.6M | ||
| Q2 25 | $43.6M | $93.5M | ||
| Q1 25 | $49.0M | $97.3M | ||
| Q4 24 | $42.2M | $99.8M | ||
| Q3 24 | $24.1M | $99.2M | ||
| Q2 24 | $36.8M | $93.0M | ||
| Q1 24 | $48.1M | $86.2M |
| Q4 25 | $-734.2M | $-23.6M | ||
| Q3 25 | $-3.3M | $758.0K | ||
| Q2 25 | $-45.8M | $3.9M | ||
| Q1 25 | $-39.0M | $3.3M | ||
| Q4 24 | $17.5M | $-809.0K | ||
| Q3 24 | $-86.8M | $165.0K | ||
| Q2 24 | $-15.3M | $-4.1M | ||
| Q1 24 | $39.9M | $-1.4M |
| Q4 25 | 59.4% | 15.7% | ||
| Q3 25 | 62.7% | 37.3% | ||
| Q2 25 | 64.8% | 40.4% | ||
| Q1 25 | 69.6% | 38.7% | ||
| Q4 24 | 56.9% | 38.8% | ||
| Q3 24 | 37.5% | 38.7% | ||
| Q2 24 | 61.2% | 38.3% | ||
| Q1 24 | 69.2% | 37.0% |
| Q4 25 | -503.4% | -27.5% | ||
| Q3 25 | -52.5% | 0.3% | ||
| Q2 25 | -103.9% | 3.1% | ||
| Q1 25 | -77.8% | 2.6% | ||
| Q4 24 | 40.5% | -1.0% | ||
| Q3 24 | -379.2% | 0.1% | ||
| Q2 24 | -43.9% | -4.3% | ||
| Q1 24 | 97.2% | -1.5% |
| Q4 25 | -1229.6% | -26.8% | ||
| Q3 25 | -4.6% | 0.8% | ||
| Q2 25 | -105.1% | 4.1% | ||
| Q1 25 | -79.6% | 3.3% | ||
| Q4 24 | 41.5% | -0.8% | ||
| Q3 24 | -359.9% | 0.2% | ||
| Q2 24 | -41.5% | -4.4% | ||
| Q1 24 | 82.9% | -1.6% |
| Q4 25 | $-1.91 | $-0.21 | ||
| Q3 25 | $-0.01 | $0.01 | ||
| Q2 25 | $-0.12 | $0.03 | ||
| Q1 25 | $-0.11 | $0.03 | ||
| Q4 24 | $0.04 | $-0.01 | ||
| Q3 24 | $-0.26 | $0.00 | ||
| Q2 24 | $-0.05 | $-0.04 | ||
| Q1 24 | $0.13 | $-0.01 |
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 | $89.6M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $169.7M |
| Total Assets | $4.3B | $225.4M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $89.6M | ||
| Q3 25 | $1.2B | $71.5M | ||
| Q2 25 | $62.7M | $72.1M | ||
| Q1 25 | $23.2M | $72.8M | ||
| Q4 24 | $5.6M | $75.4M | ||
| Q3 24 | $25.3M | $53.4M | ||
| Q2 24 | $122.6M | $36.6M | ||
| Q1 24 | $88.7M | $33.6M |
| 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 | $169.7M | ||
| Q3 25 | $783.2M | $190.2M | ||
| Q2 25 | $748.9M | $187.0M | ||
| Q1 25 | $734.8M | $180.4M | ||
| Q4 24 | $682.0M | $174.3M | ||
| Q3 24 | $672.0M | $133.9M | ||
| Q2 24 | $690.8M | $129.7M | ||
| Q1 24 | $600.9M | $124.8M |
| Q4 25 | $4.3B | $225.4M | ||
| Q3 25 | $2.8B | $241.5M | ||
| Q2 25 | $1.0B | $249.0M | ||
| Q1 25 | $913.8M | $265.3M | ||
| Q4 24 | $855.4M | $247.4M | ||
| Q3 24 | $775.4M | $209.2M | ||
| Q2 24 | $775.6M | $200.2M | ||
| Q1 24 | $677.1M | $198.1M |
| 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 | $19.3M |
| Free Cash FlowOCF − Capex | $-695.9M | $18.1M |
| FCF MarginFCF / Revenue | -1165.4% | 20.5% |
| Capex IntensityCapex / Revenue | 817.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $19.3M | ||
| Q3 25 | $-50.1M | $-504.0K | ||
| Q2 25 | $-56.2M | $-745.0K | ||
| Q1 25 | $-47.2M | $-2.9M | ||
| Q4 24 | $-87.5M | $-16.8M | ||
| Q3 24 | $-6.5M | $15.1M | ||
| Q2 24 | $-25.4M | $2.9M | ||
| Q1 24 | $-26.6M | $336.0K |
| Q4 25 | $-695.9M | $18.1M | ||
| Q3 25 | $-256.2M | $-624.0K | ||
| Q2 25 | $-87.5M | $-826.0K | ||
| Q1 25 | $-71.8M | $-3.0M | ||
| Q4 24 | $-227.0M | $-17.2M | ||
| Q3 24 | $-83.2M | $15.0M | ||
| Q2 24 | $-33.2M | $2.9M | ||
| Q1 24 | $-34.5M | $260.0K |
| Q4 25 | -1165.4% | 20.5% | ||
| Q3 25 | -357.3% | -0.7% | ||
| Q2 25 | -200.9% | -0.9% | ||
| Q1 25 | -146.7% | -3.1% | ||
| Q4 24 | -537.6% | -17.2% | ||
| Q3 24 | -345.0% | 15.1% | ||
| Q2 24 | -90.2% | 3.1% | ||
| Q1 24 | -71.7% | 0.3% |
| Q4 25 | 817.1% | 1.4% | ||
| Q3 25 | 287.5% | 0.1% | ||
| Q2 25 | 71.8% | 0.1% | ||
| Q1 25 | 50.2% | 0.1% | ||
| Q4 24 | 330.4% | 0.3% | ||
| Q3 24 | 317.8% | 0.1% | ||
| Q2 24 | 21.4% | 0.0% | ||
| Q1 24 | 16.4% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.19× | ||
| Q1 25 | — | -0.90× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 91.42× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
