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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Open Lending Corp (LPRO). Click either name above to swap in a different company.

Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $19.3M, roughly 3.1× Open Lending Corp). On growth, Open Lending Corp posted the faster year-over-year revenue change (134.0% vs 41.4%). Open Lending Corp produced more free cash flow last quarter ($-3.3M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -20.7%).

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

Open Library is an online project intended to create "one web page for every book ever published". Created by Aaron Swartz, Brewster Kahle, Alexis Rossi, Anand Chitipothu, and Rebecca Hargrave Malamud, Open Library is a project of the Internet Archive, a nonprofit organization. It has been funded in part by grants from the California State Library and the Kahle/Austin Foundation. Open Library provides online digital copies in multiple formats, created from images of many public domain, out-of...

CIFR vs LPRO — Head-to-Head

Bigger by revenue
CIFR
CIFR
3.1× larger
CIFR
$59.7M
$19.3M
LPRO
Growing faster (revenue YoY)
LPRO
LPRO
+92.6% gap
LPRO
134.0%
41.4%
CIFR
More free cash flow
LPRO
LPRO
$692.6M more FCF
LPRO
$-3.3M
$-695.9M
CIFR
Faster 2-yr revenue CAGR
CIFR
CIFR
Annualised
CIFR
11.4%
-20.7%
LPRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIFR
CIFR
LPRO
LPRO
Revenue
$59.7M
$19.3M
Net Profit
$-734.2M
Gross Margin
59.4%
76.0%
Operating Margin
-503.4%
3.9%
Net Margin
-1229.6%
Revenue YoY
41.4%
134.0%
Net Profit YoY
-4293.1%
EPS (diluted)
$-1.91
$-0.00

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
LPRO
LPRO
Q4 25
$59.7M
$19.3M
Q3 25
$71.7M
$24.2M
Q2 25
$43.6M
$25.3M
Q1 25
$49.0M
$24.4M
Q4 24
$42.2M
$-56.9M
Q3 24
$24.1M
$23.5M
Q2 24
$36.8M
$26.7M
Q1 24
$48.1M
$30.7M
Net Profit
CIFR
CIFR
LPRO
LPRO
Q4 25
$-734.2M
Q3 25
$-3.3M
$-7.6M
Q2 25
$-45.8M
$1.0M
Q1 25
$-39.0M
$617.0K
Q4 24
$17.5M
Q3 24
$-86.8M
$1.4M
Q2 24
$-15.3M
$2.9M
Q1 24
$39.9M
$5.1M
Gross Margin
CIFR
CIFR
LPRO
LPRO
Q4 25
59.4%
76.0%
Q3 25
62.7%
78.0%
Q2 25
64.8%
78.2%
Q1 25
69.6%
75.1%
Q4 24
56.9%
111.0%
Q3 24
37.5%
73.9%
Q2 24
61.2%
78.6%
Q1 24
69.2%
81.3%
Operating Margin
CIFR
CIFR
LPRO
LPRO
Q4 25
-503.4%
3.9%
Q3 25
-52.5%
-31.9%
Q2 25
-103.9%
4.6%
Q1 25
-77.8%
3.1%
Q4 24
40.5%
138.0%
Q3 24
-379.2%
7.9%
Q2 24
-43.9%
14.9%
Q1 24
97.2%
23.8%
Net Margin
CIFR
CIFR
LPRO
LPRO
Q4 25
-1229.6%
Q3 25
-4.6%
-31.3%
Q2 25
-105.1%
4.1%
Q1 25
-79.6%
2.5%
Q4 24
41.5%
Q3 24
-359.9%
6.1%
Q2 24
-41.5%
10.9%
Q1 24
82.9%
16.5%
EPS (diluted)
CIFR
CIFR
LPRO
LPRO
Q4 25
$-1.91
$-0.00
Q3 25
$-0.01
$-0.06
Q2 25
$-0.12
$0.01
Q1 25
$-0.11
$0.01
Q4 24
$0.04
$-1.20
Q3 24
$-0.26
$0.01
Q2 24
$-0.05
$0.02
Q1 24
$0.13
$0.04

Balance Sheet & Financial Strength

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

Metric
CIFR
CIFR
LPRO
LPRO
Cash + ST InvestmentsLiquidity on hand
$628.3M
$176.6M
Total DebtLower is stronger
$2.7B
$84.8M
Stockholders' EquityBook value
$805.5M
$75.0M
Total Assets
$4.3B
$236.7M
Debt / EquityLower = less leverage
3.37×
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
LPRO
LPRO
Q4 25
$628.3M
$176.6M
Q3 25
$1.2B
$222.1M
Q2 25
$62.7M
$230.7M
Q1 25
$23.2M
$236.2M
Q4 24
$5.6M
$243.2M
Q3 24
$25.3M
$250.2M
Q2 24
$122.6M
$248.0M
Q1 24
$88.7M
$247.0M
Total Debt
CIFR
CIFR
LPRO
LPRO
Q4 25
$2.7B
$84.8M
Q3 25
$1.0B
$134.4M
Q2 25
$167.1M
$136.1M
Q1 25
$137.9M
Q4 24
$0
$139.7M
Q3 24
$141.5M
Q2 24
$143.3M
Q1 24
$143.2M
Stockholders' Equity
CIFR
CIFR
LPRO
LPRO
Q4 25
$805.5M
$75.0M
Q3 25
$783.2M
$72.8M
Q2 25
$748.9M
$78.9M
Q1 25
$734.8M
$79.8M
Q4 24
$682.0M
$78.1M
Q3 24
$672.0M
$220.5M
Q2 24
$690.8M
$216.8M
Q1 24
$600.9M
$211.5M
Total Assets
CIFR
CIFR
LPRO
LPRO
Q4 25
$4.3B
$236.7M
Q3 25
$2.8B
$287.7M
Q2 25
$1.0B
$296.7M
Q1 25
$913.8M
$304.2M
Q4 24
$855.4M
$296.4M
Q3 24
$775.4M
$395.7M
Q2 24
$775.6M
$382.8M
Q1 24
$677.1M
$380.6M
Debt / Equity
CIFR
CIFR
LPRO
LPRO
Q4 25
3.37×
1.13×
Q3 25
1.31×
1.84×
Q2 25
0.22×
1.72×
Q1 25
1.73×
Q4 24
0.00×
1.79×
Q3 24
0.64×
Q2 24
0.66×
Q1 24
0.68×

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
LPRO
LPRO
Operating Cash FlowLast quarter
$-207.9M
$-3.2M
Free Cash FlowOCF − Capex
$-695.9M
$-3.3M
FCF MarginFCF / Revenue
-1165.4%
-16.8%
Capex IntensityCapex / Revenue
817.1%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
LPRO
LPRO
Q4 25
$-207.9M
$-3.2M
Q3 25
$-50.1M
$-5.7M
Q2 25
$-56.2M
$848.0K
Q1 25
$-47.2M
$-3.8M
Q4 24
$-87.5M
$17.6M
Q3 24
$-6.5M
$11.4M
Q2 24
$-25.4M
$-1.4M
Q1 24
$-26.6M
$11.0M
Free Cash Flow
CIFR
CIFR
LPRO
LPRO
Q4 25
$-695.9M
$-3.3M
Q3 25
$-256.2M
Q2 25
$-87.5M
$837.0K
Q1 25
$-71.8M
$-3.9M
Q4 24
$-227.0M
$17.4M
Q3 24
$-83.2M
$11.3M
Q2 24
$-33.2M
$-1.5M
Q1 24
$-34.5M
FCF Margin
CIFR
CIFR
LPRO
LPRO
Q4 25
-1165.4%
-16.8%
Q3 25
-357.3%
Q2 25
-200.9%
3.3%
Q1 25
-146.7%
-15.9%
Q4 24
-537.6%
-30.6%
Q3 24
-345.0%
48.0%
Q2 24
-90.2%
-5.5%
Q1 24
-71.7%
Capex Intensity
CIFR
CIFR
LPRO
LPRO
Q4 25
817.1%
0.3%
Q3 25
287.5%
0.0%
Q2 25
71.8%
0.0%
Q1 25
50.2%
0.2%
Q4 24
330.4%
-0.3%
Q3 24
317.8%
0.5%
Q2 24
21.4%
0.2%
Q1 24
16.4%
0.0%
Cash Conversion
CIFR
CIFR
LPRO
LPRO
Q4 25
Q3 25
Q2 25
0.82×
Q1 25
-6.22×
Q4 24
-5.00×
Q3 24
7.92×
Q2 24
-0.48×
Q1 24
-0.67×
2.16×

Financial Flow Comparison

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

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