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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $59.7M, roughly 1.3× Cipher Mining Inc.). On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 4.7%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
CIFR vs HSTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $79.7M |
| Net Profit | $-734.2M | — |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | 3.0% |
| Net Margin | -1229.6% | — |
| Revenue YoY | 41.4% | 7.4% |
| Net Profit YoY | -4293.1% | — |
| EPS (diluted) | $-1.91 | $0.09 |
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 | $79.7M | ||
| Q3 25 | $71.7M | $76.5M | ||
| Q2 25 | $43.6M | $74.4M | ||
| Q1 25 | $49.0M | $73.5M | ||
| Q4 24 | $42.2M | $74.2M | ||
| Q3 24 | $24.1M | $73.1M | ||
| Q2 24 | $36.8M | $71.6M | ||
| Q1 24 | $48.1M | $72.8M |
| Q4 25 | $-734.2M | — | ||
| Q3 25 | $-3.3M | $6.1M | ||
| Q2 25 | $-45.8M | $5.4M | ||
| Q1 25 | $-39.0M | $4.3M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $-86.8M | $5.7M | ||
| Q2 24 | $-15.3M | $4.2M | ||
| Q1 24 | $39.9M | $5.2M |
| 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% | 3.0% | ||
| Q3 25 | -52.5% | 9.9% | ||
| Q2 25 | -103.9% | 7.9% | ||
| Q1 25 | -77.8% | 6.0% | ||
| Q4 24 | 40.5% | 6.3% | ||
| Q3 24 | -379.2% | 8.9% | ||
| Q2 24 | -43.9% | 6.2% | ||
| Q1 24 | 97.2% | 7.8% |
| Q4 25 | -1229.6% | — | ||
| Q3 25 | -4.6% | 8.0% | ||
| Q2 25 | -105.1% | 7.2% | ||
| Q1 25 | -79.6% | 5.9% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | -359.9% | 7.8% | ||
| Q2 24 | -41.5% | 5.8% | ||
| Q1 24 | 82.9% | 7.2% |
| Q4 25 | $-1.91 | $0.09 | ||
| Q3 25 | $-0.01 | $0.20 | ||
| Q2 25 | $-0.12 | $0.18 | ||
| Q1 25 | $-0.11 | $0.14 | ||
| Q4 24 | $0.04 | $0.16 | ||
| Q3 24 | $-0.26 | $0.19 | ||
| Q2 24 | $-0.05 | $0.14 | ||
| Q1 24 | $0.13 | $0.17 |
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 | $36.2M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $354.0M |
| Total Assets | $4.3B | $520.4M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $36.2M | ||
| Q3 25 | $1.2B | $53.5M | ||
| Q2 25 | $62.7M | $52.1M | ||
| Q1 25 | $23.2M | $77.3M | ||
| Q4 24 | $5.6M | $59.5M | ||
| Q3 24 | $25.3M | $57.5M | ||
| Q2 24 | $122.6M | $46.1M | ||
| Q1 24 | $88.7M | $52.4M |
| 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 | $354.0M | ||
| Q3 25 | $783.2M | $349.2M | ||
| Q2 25 | $748.9M | $350.6M | ||
| Q1 25 | $734.8M | $362.8M | ||
| Q4 24 | $682.0M | $359.4M | ||
| Q3 24 | $672.0M | $355.5M | ||
| Q2 24 | $690.8M | $349.2M | ||
| Q1 24 | $600.9M | $344.9M |
| Q4 25 | $4.3B | $520.4M | ||
| Q3 25 | $2.8B | $499.9M | ||
| Q2 25 | $1.0B | $500.1M | ||
| Q1 25 | $913.8M | $524.0M | ||
| Q4 24 | $855.4M | $510.8M | ||
| Q3 24 | $775.4M | $502.8M | ||
| Q2 24 | $775.6M | $499.6M | ||
| Q1 24 | $677.1M | $511.6M |
| 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 | $13.2M |
| Free Cash FlowOCF − Capex | $-695.9M | $13.0M |
| FCF MarginFCF / Revenue | -1165.4% | 16.3% |
| Capex IntensityCapex / Revenue | 817.1% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $13.2M | ||
| Q3 25 | $-50.1M | $18.0M | ||
| Q2 25 | $-56.2M | $5.0M | ||
| Q1 25 | $-47.2M | $27.1M | ||
| Q4 24 | $-87.5M | $11.2M | ||
| Q3 24 | $-6.5M | $19.1M | ||
| Q2 24 | $-25.4M | $6.5M | ||
| Q1 24 | $-26.6M | $20.9M |
| Q4 25 | $-695.9M | $13.0M | ||
| Q3 25 | $-256.2M | $17.9M | ||
| Q2 25 | $-87.5M | $2.7M | ||
| Q1 25 | $-71.8M | $26.0M | ||
| Q4 24 | $-227.0M | $11.0M | ||
| Q3 24 | $-83.2M | $18.8M | ||
| Q2 24 | $-33.2M | $6.3M | ||
| Q1 24 | $-34.5M | $20.2M |
| Q4 25 | -1165.4% | 16.3% | ||
| Q3 25 | -357.3% | 23.4% | ||
| Q2 25 | -200.9% | 3.6% | ||
| Q1 25 | -146.7% | 35.4% | ||
| Q4 24 | -537.6% | 14.8% | ||
| Q3 24 | -345.0% | 25.8% | ||
| Q2 24 | -90.2% | 8.8% | ||
| Q1 24 | -71.7% | 27.8% |
| Q4 25 | 817.1% | 0.3% | ||
| Q3 25 | 287.5% | 0.1% | ||
| Q2 25 | 71.8% | 3.1% | ||
| Q1 25 | 50.2% | 1.4% | ||
| Q4 24 | 330.4% | 0.3% | ||
| Q3 24 | 317.8% | 0.4% | ||
| Q2 24 | 21.4% | 0.2% | ||
| Q1 24 | 16.4% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.96× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 6.25× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 3.34× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | -0.67× | 4.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
