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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and LAKELAND INDUSTRIES INC (LAKE). Click either name above to swap in a different company.

Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $47.6M, roughly 1.3× LAKELAND INDUSTRIES INC). LAKELAND INDUSTRIES INC runs the higher net margin — -33.5% vs -1229.6%, a 1196.1% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 4.0%). LAKELAND INDUSTRIES INC produced more free cash flow last quarter ($-9.3M vs $-695.9M). Over the past eight quarters, LAKELAND INDUSTRIES INC's revenue compounded faster (23.4% CAGR vs 11.4%).

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.

Lakeland Limited is a chain of British kitchenware stores in the United Kingdom. It is still based where it was founded in Windermere in the Lake District, the area the company is named after.

CIFR vs LAKE — Head-to-Head

Bigger by revenue
CIFR
CIFR
1.3× larger
CIFR
$59.7M
$47.6M
LAKE
Growing faster (revenue YoY)
CIFR
CIFR
+37.4% gap
CIFR
41.4%
4.0%
LAKE
Higher net margin
LAKE
LAKE
1196.1% more per $
LAKE
-33.5%
-1229.6%
CIFR
More free cash flow
LAKE
LAKE
$686.6M more FCF
LAKE
$-9.3M
$-695.9M
CIFR
Faster 2-yr revenue CAGR
LAKE
LAKE
Annualised
LAKE
23.4%
11.4%
CIFR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CIFR
CIFR
LAKE
LAKE
Revenue
$59.7M
$47.6M
Net Profit
$-734.2M
$-16.0M
Gross Margin
59.4%
29.7%
Operating Margin
-503.4%
-3.4%
Net Margin
-1229.6%
-33.5%
Revenue YoY
41.4%
4.0%
Net Profit YoY
-4293.1%
-18652.3%
EPS (diluted)
$-1.91
$-1.64

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.

Revenue
CIFR
CIFR
LAKE
LAKE
Q4 25
$59.7M
$47.6M
Q3 25
$71.7M
$52.5M
Q2 25
$43.6M
$46.7M
Q1 25
$49.0M
$46.6M
Q4 24
$42.2M
$45.8M
Q3 24
$24.1M
$38.5M
Q2 24
$36.8M
$36.3M
Q1 24
$48.1M
$31.2M
Net Profit
CIFR
CIFR
LAKE
LAKE
Q4 25
$-734.2M
$-16.0M
Q3 25
$-3.3M
$766.0K
Q2 25
$-45.8M
$-3.9M
Q1 25
$-39.0M
$-18.4M
Q4 24
$17.5M
$86.0K
Q3 24
$-86.8M
$-1.4M
Q2 24
$-15.3M
$1.7M
Q1 24
$39.9M
$-978.0K
Gross Margin
CIFR
CIFR
LAKE
LAKE
Q4 25
59.4%
29.7%
Q3 25
62.7%
35.8%
Q2 25
64.8%
33.5%
Q1 25
69.6%
40.1%
Q4 24
56.9%
40.6%
Q3 24
37.5%
39.6%
Q2 24
61.2%
44.6%
Q1 24
69.2%
35.9%
Operating Margin
CIFR
CIFR
LAKE
LAKE
Q4 25
-503.4%
-3.4%
Q3 25
-52.5%
-7.7%
Q2 25
-103.9%
-9.9%
Q1 25
-77.8%
-22.9%
Q4 24
40.5%
1.8%
Q3 24
-379.2%
-4.1%
Q2 24
-43.9%
6.1%
Q1 24
97.2%
-10.6%
Net Margin
CIFR
CIFR
LAKE
LAKE
Q4 25
-1229.6%
-33.5%
Q3 25
-4.6%
1.5%
Q2 25
-105.1%
-8.4%
Q1 25
-79.6%
-39.5%
Q4 24
41.5%
0.2%
Q3 24
-359.9%
-3.6%
Q2 24
-41.5%
4.6%
Q1 24
82.9%
-3.1%
EPS (diluted)
CIFR
CIFR
LAKE
LAKE
Q4 25
$-1.91
$-1.64
Q3 25
$-0.01
$0.08
Q2 25
$-0.12
$-0.41
Q1 25
$-0.11
$-2.47
Q4 24
$0.04
$0.01
Q3 24
$-0.26
$-0.19
Q2 24
$-0.05
$0.22
Q1 24
$0.13
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIFR
CIFR
LAKE
LAKE
Cash + ST InvestmentsLiquidity on hand
$628.3M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$805.5M
$134.5M
Total Assets
$4.3B
$220.7M
Debt / EquityLower = less leverage
3.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
LAKE
LAKE
Q4 25
$628.3M
Q3 25
$1.2B
Q2 25
$62.7M
Q1 25
$23.2M
Q4 24
$5.6M
Q3 24
$25.3M
Q2 24
$122.6M
Q1 24
$88.7M
$27.4M
Total Debt
CIFR
CIFR
LAKE
LAKE
Q4 25
$2.7B
Q3 25
$1.0B
Q2 25
$167.1M
Q1 25
$16.4M
Q4 24
$0
Q3 24
$2.9M
Q2 24
Q1 24
Stockholders' Equity
CIFR
CIFR
LAKE
LAKE
Q4 25
$805.5M
$134.5M
Q3 25
$783.2M
$147.3M
Q2 25
$748.9M
$143.4M
Q1 25
$734.8M
$146.6M
Q4 24
$682.0M
$124.7M
Q3 24
$672.0M
$124.7M
Q2 24
$690.8M
$125.1M
Q1 24
$600.9M
$123.5M
Total Assets
CIFR
CIFR
LAKE
LAKE
Q4 25
$4.3B
$220.7M
Q3 25
$2.8B
$226.3M
Q2 25
$1.0B
$218.1M
Q1 25
$913.8M
$212.5M
Q4 24
$855.4M
$201.2M
Q3 24
$775.4M
$198.4M
Q2 24
$775.6M
$171.5M
Q1 24
$677.1M
$153.7M
Debt / Equity
CIFR
CIFR
LAKE
LAKE
Q4 25
3.37×
Q3 25
1.31×
Q2 25
0.22×
Q1 25
0.11×
Q4 24
0.00×
Q3 24
0.02×
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
CIFR
CIFR
LAKE
LAKE
Operating Cash FlowLast quarter
$-207.9M
$-7.9M
Free Cash FlowOCF − Capex
$-695.9M
$-9.3M
FCF MarginFCF / Revenue
-1165.4%
-19.5%
Capex IntensityCapex / Revenue
817.1%
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.1B
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
LAKE
LAKE
Q4 25
$-207.9M
$-7.9M
Q3 25
$-50.1M
$-4.8M
Q2 25
$-56.2M
$-4.8M
Q1 25
$-47.2M
$-3.4M
Q4 24
$-87.5M
$-8.4M
Q3 24
$-6.5M
$-4.3M
Q2 24
$-25.4M
$293.0K
Q1 24
$-26.6M
$3.2M
Free Cash Flow
CIFR
CIFR
LAKE
LAKE
Q4 25
$-695.9M
$-9.3M
Q3 25
$-256.2M
$-5.7M
Q2 25
$-87.5M
$-6.0M
Q1 25
$-71.8M
$-3.4M
Q4 24
$-227.0M
$-9.1M
Q3 24
$-83.2M
$-4.7M
Q2 24
$-33.2M
$-173.0K
Q1 24
$-34.5M
$2.6M
FCF Margin
CIFR
CIFR
LAKE
LAKE
Q4 25
-1165.4%
-19.5%
Q3 25
-357.3%
-10.9%
Q2 25
-200.9%
-12.9%
Q1 25
-146.7%
-7.4%
Q4 24
-537.6%
-19.9%
Q3 24
-345.0%
-12.3%
Q2 24
-90.2%
-0.5%
Q1 24
-71.7%
8.4%
Capex Intensity
CIFR
CIFR
LAKE
LAKE
Q4 25
817.1%
2.8%
Q3 25
287.5%
1.8%
Q2 25
71.8%
2.6%
Q1 25
50.2%
0.1%
Q4 24
330.4%
1.4%
Q3 24
317.8%
1.0%
Q2 24
21.4%
1.3%
Q1 24
16.4%
1.8%
Cash Conversion
CIFR
CIFR
LAKE
LAKE
Q4 25
Q3 25
-6.29×
Q2 25
Q1 25
Q4 24
-5.00×
-98.15×
Q3 24
Q2 24
0.18×
Q1 24
-0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CIFR
CIFR

Segment breakdown not available.

LAKE
LAKE

United State$21.0M44%
Disposables$10.9M23%
Chemical$5.0M11%
Other Foreign$4.3M9%
Other$4.0M8%
High Performance Wear$2.4M5%

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