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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and KEWAUNEE SCIENTIFIC CORP (KEQU). Click either name above to swap in a different company.
KEWAUNEE SCIENTIFIC CORP is the larger business by last-quarter revenue ($70.1M vs $59.7M, roughly 1.2× Cipher Mining Inc.). KEWAUNEE SCIENTIFIC CORP runs the higher net margin — 3.5% vs -1229.6%, a 1233.1% gap on every dollar of revenue. On growth, KEWAUNEE SCIENTIFIC CORP posted the faster year-over-year revenue change (46.8% vs 41.4%). KEWAUNEE SCIENTIFIC CORP produced more free cash flow last quarter ($-5.8M vs $-695.9M). Over the past eight quarters, KEWAUNEE SCIENTIFIC CORP's revenue compounded faster (22.4% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Kewaunee Scientific Corporation designs, manufactures, and installs specialized laboratory furniture, fume hoods, and integrated laboratory infrastructure solutions. It serves clients across pharmaceutical, biotech, academic research, healthcare, and industrial R&D segments, with core operations in North America and a steadily expanding global customer base.
CIFR vs KEQU — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $70.1M |
| Net Profit | $-734.2M | $2.4M |
| Gross Margin | 59.4% | 28.1% |
| Operating Margin | -503.4% | 5.9% |
| Net Margin | -1229.6% | 3.5% |
| Revenue YoY | 41.4% | 46.8% |
| Net Profit YoY | -4293.1% | -18.7% |
| EPS (diluted) | $-1.91 | $0.82 |
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 | $70.1M | ||
| Q3 25 | $71.7M | $71.1M | ||
| Q2 25 | $43.6M | $77.1M | ||
| Q1 25 | $49.0M | $67.2M | ||
| Q4 24 | $42.2M | $47.8M | ||
| Q3 24 | $24.1M | $48.4M | ||
| Q2 24 | $36.8M | $56.7M | ||
| Q1 24 | $48.1M | $46.8M |
| Q4 25 | $-734.2M | $2.4M | ||
| Q3 25 | $-3.3M | $3.1M | ||
| Q2 25 | $-45.8M | $4.8M | ||
| Q1 25 | $-39.0M | $1.4M | ||
| Q4 24 | $17.5M | $3.0M | ||
| Q3 24 | $-86.8M | $2.2M | ||
| Q2 24 | $-15.3M | $11.0M | ||
| Q1 24 | $39.9M | $2.5M |
| Q4 25 | 59.4% | 28.1% | ||
| Q3 25 | 62.7% | 29.4% | ||
| Q2 25 | 64.8% | 31.2% | ||
| Q1 25 | 69.6% | 27.4% | ||
| Q4 24 | 56.9% | 29.2% | ||
| Q3 24 | 37.5% | 25.8% | ||
| Q2 24 | 61.2% | 25.8% | ||
| Q1 24 | 69.2% | 25.7% |
| Q4 25 | -503.4% | 5.9% | ||
| Q3 25 | -52.5% | 6.8% | ||
| Q2 25 | -103.9% | 11.0% | ||
| Q1 25 | -77.8% | 3.3% | ||
| Q4 24 | 40.5% | 9.3% | ||
| Q3 24 | -379.2% | 5.3% | ||
| Q2 24 | -43.9% | 9.8% | ||
| Q1 24 | 97.2% | 8.1% |
| Q4 25 | -1229.6% | 3.5% | ||
| Q3 25 | -4.6% | 4.3% | ||
| Q2 25 | -105.1% | 6.3% | ||
| Q1 25 | -79.6% | 2.0% | ||
| Q4 24 | 41.5% | 6.3% | ||
| Q3 24 | -359.9% | 4.5% | ||
| Q2 24 | -41.5% | 19.4% | ||
| Q1 24 | 82.9% | 5.4% |
| Q4 25 | $-1.91 | $0.82 | ||
| Q3 25 | $-0.01 | $1.04 | ||
| Q2 25 | $-0.12 | $1.63 | ||
| Q1 25 | $-0.11 | $0.45 | ||
| Q4 24 | $0.04 | $1.01 | ||
| Q3 24 | $-0.26 | $0.74 | ||
| Q2 24 | $-0.05 | $3.74 | ||
| Q1 24 | $0.13 | $0.85 |
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 | $12.6M |
| Total DebtLower is stronger | $2.7B | $35.3M |
| Stockholders' EquityBook value | $805.5M | $69.9M |
| Total Assets | $4.3B | $189.1M |
| Debt / EquityLower = less leverage | 3.37× | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $12.6M | ||
| Q3 25 | $1.2B | $19.5M | ||
| Q2 25 | $62.7M | $14.9M | ||
| Q1 25 | $23.2M | $9.5M | ||
| Q4 24 | $5.6M | $26.0M | ||
| Q3 24 | $25.3M | $24.2M | ||
| Q2 24 | $122.6M | $23.3M | ||
| Q1 24 | $88.7M | $21.3M |
| Q4 25 | $2.7B | $35.3M | ||
| Q3 25 | $1.0B | $37.4M | ||
| Q2 25 | $167.1M | $37.7M | ||
| Q1 25 | — | $38.0M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $69.9M | ||
| Q3 25 | $783.2M | $67.1M | ||
| Q2 25 | $748.9M | $64.5M | ||
| Q1 25 | $734.8M | $60.8M | ||
| Q4 24 | $682.0M | $59.3M | ||
| Q3 24 | $672.0M | $56.0M | ||
| Q2 24 | $690.8M | $54.8M | ||
| Q1 24 | $600.9M | $44.1M |
| Q4 25 | $4.3B | $189.1M | ||
| Q3 25 | $2.8B | $193.5M | ||
| Q2 25 | $1.0B | $194.7M | ||
| Q1 25 | $913.8M | $189.1M | ||
| Q4 24 | $855.4M | $134.5M | ||
| Q3 24 | $775.4M | $132.0M | ||
| Q2 24 | $775.6M | $134.8M | ||
| Q1 24 | $677.1M | $126.3M |
| Q4 25 | 3.37× | 0.50× | ||
| Q3 25 | 1.31× | 0.56× | ||
| Q2 25 | 0.22× | 0.58× | ||
| Q1 25 | — | 0.62× | ||
| 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 | $-4.3M |
| Free Cash FlowOCF − Capex | $-695.9M | $-5.8M |
| FCF MarginFCF / Revenue | -1165.4% | -8.3% |
| Capex IntensityCapex / Revenue | 817.1% | 2.2% |
| Cash ConversionOCF / Net Profit | — | -1.74× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $5.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-4.3M | ||
| Q3 25 | $-50.1M | $5.8M | ||
| Q2 25 | $-56.2M | $9.4M | ||
| Q1 25 | $-47.2M | $-2.3M | ||
| Q4 24 | $-87.5M | $8.4M | ||
| Q3 24 | $-6.5M | $-794.0K | ||
| Q2 24 | $-25.4M | $1.1M | ||
| Q1 24 | $-26.6M | $9.5M |
| Q4 25 | $-695.9M | $-5.8M | ||
| Q3 25 | $-256.2M | $5.0M | ||
| Q2 25 | $-87.5M | $8.9M | ||
| Q1 25 | $-71.8M | $-3.0M | ||
| Q4 24 | $-227.0M | $7.8M | ||
| Q3 24 | $-83.2M | $-1.1M | ||
| Q2 24 | $-33.2M | $166.0K | ||
| Q1 24 | $-34.5M | $9.0M |
| Q4 25 | -1165.4% | -8.3% | ||
| Q3 25 | -357.3% | 7.1% | ||
| Q2 25 | -200.9% | 11.5% | ||
| Q1 25 | -146.7% | -4.4% | ||
| Q4 24 | -537.6% | 16.2% | ||
| Q3 24 | -345.0% | -2.2% | ||
| Q2 24 | -90.2% | 0.3% | ||
| Q1 24 | -71.7% | 19.3% |
| Q4 25 | 817.1% | 2.2% | ||
| Q3 25 | 287.5% | 1.1% | ||
| Q2 25 | 71.8% | 0.7% | ||
| Q1 25 | 50.2% | 1.0% | ||
| Q4 24 | 330.4% | 1.4% | ||
| Q3 24 | 317.8% | 0.6% | ||
| Q2 24 | 21.4% | 1.7% | ||
| Q1 24 | 16.4% | 1.0% |
| Q4 25 | — | -1.74× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | -1.67× | ||
| Q4 24 | -5.00× | 2.80× | ||
| Q3 24 | — | -0.36× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | -0.67× | 3.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
KEQU
| Transferred Over Time | $32.9M | 47% |
| Transferred At Point In Time | $22.3M | 32% |
| Other | $14.9M | 21% |
