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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $55.4M, roughly 1.1× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -1229.6%, a 1234.2% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 18.0%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
CIFR vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $55.4M |
| Net Profit | $-734.2M | $2.5M |
| Gross Margin | 59.4% | 27.8% |
| Operating Margin | -503.4% | 6.8% |
| Net Margin | -1229.6% | 4.6% |
| Revenue YoY | 41.4% | 18.0% |
| Net Profit YoY | -4293.1% | 1688.1% |
| EPS (diluted) | $-1.91 | $0.15 |
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 | $55.4M | ||
| Q3 25 | $71.7M | $57.1M | ||
| Q2 25 | $43.6M | $53.9M | ||
| Q1 25 | $49.0M | $46.1M | ||
| Q4 24 | $42.2M | $46.9M | ||
| Q3 24 | $24.1M | $46.1M | ||
| Q2 24 | $36.8M | $49.2M | ||
| Q1 24 | $48.1M | $44.6M |
| Q4 25 | $-734.2M | $2.5M | ||
| Q3 25 | $-3.3M | $3.5M | ||
| Q2 25 | $-45.8M | $4.2M | ||
| Q1 25 | $-39.0M | $3.5M | ||
| Q4 24 | $17.5M | $-160.0K | ||
| Q3 24 | $-86.8M | $3.0M | ||
| Q2 24 | $-15.3M | $3.8M | ||
| Q1 24 | $39.9M | $2.4M |
| Q4 25 | 59.4% | 27.8% | ||
| Q3 25 | 62.7% | 28.7% | ||
| Q2 25 | 64.8% | 28.6% | ||
| Q1 25 | 69.6% | 23.9% | ||
| Q4 24 | 56.9% | 25.3% | ||
| Q3 24 | 37.5% | 25.7% | ||
| Q2 24 | 61.2% | 27.0% | ||
| Q1 24 | 69.2% | 25.8% |
| Q4 25 | -503.4% | 6.8% | ||
| Q3 25 | -52.5% | 8.8% | ||
| Q2 25 | -103.9% | 10.8% | ||
| Q1 25 | -77.8% | 3.4% | ||
| Q4 24 | 40.5% | 1.5% | ||
| Q3 24 | -379.2% | 9.1% | ||
| Q2 24 | -43.9% | 11.0% | ||
| Q1 24 | 97.2% | 8.0% |
| Q4 25 | -1229.6% | 4.6% | ||
| Q3 25 | -4.6% | 6.2% | ||
| Q2 25 | -105.1% | 7.9% | ||
| Q1 25 | -79.6% | 7.7% | ||
| Q4 24 | 41.5% | -0.3% | ||
| Q3 24 | -359.9% | 6.5% | ||
| Q2 24 | -41.5% | 7.7% | ||
| Q1 24 | 82.9% | 5.4% |
| Q4 25 | $-1.91 | $0.15 | ||
| Q3 25 | $-0.01 | $0.23 | ||
| Q2 25 | $-0.12 | $0.28 | ||
| Q1 25 | $-0.11 | $0.23 | ||
| Q4 24 | $0.04 | $0.00 | ||
| Q3 24 | $-0.26 | $0.19 | ||
| Q2 24 | $-0.05 | $0.25 | ||
| Q1 24 | $0.13 | $0.16 |
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 | $5.6M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $85.8M |
| Total Assets | $4.3B | $105.6M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $5.6M | ||
| Q3 25 | $1.2B | $23.0M | ||
| Q2 25 | $62.7M | $21.2M | ||
| Q1 25 | $23.2M | $19.4M | ||
| Q4 24 | $5.6M | $16.7M | ||
| Q3 24 | $25.3M | $20.6M | ||
| Q2 24 | $122.6M | $14.6M | ||
| Q1 24 | $88.7M | $12.0M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $805.5M | $85.8M | ||
| Q3 25 | $783.2M | $82.8M | ||
| Q2 25 | $748.9M | $78.7M | ||
| Q1 25 | $734.8M | $74.2M | ||
| Q4 24 | $682.0M | $71.9M | ||
| Q3 24 | $672.0M | $71.5M | ||
| Q2 24 | $690.8M | $68.0M | ||
| Q1 24 | $600.9M | $63.5M |
| Q4 25 | $4.3B | $105.6M | ||
| Q3 25 | $2.8B | $109.5M | ||
| Q2 25 | $1.0B | $98.3M | ||
| Q1 25 | $913.8M | $93.7M | ||
| Q4 24 | $855.4M | $90.5M | ||
| Q3 24 | $775.4M | $91.3M | ||
| Q2 24 | $775.6M | $84.9M | ||
| Q1 24 | $677.1M | $82.8M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | $-695.9M | $-17.4M |
| FCF MarginFCF / Revenue | -1165.4% | -31.5% |
| Capex IntensityCapex / Revenue | 817.1% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $267.0K | ||
| Q3 25 | $-50.1M | $6.9M | ||
| Q2 25 | $-56.2M | $3.9M | ||
| Q1 25 | $-47.2M | $-150.0K | ||
| Q4 24 | $-87.5M | $-2.6M | ||
| Q3 24 | $-6.5M | $7.5M | ||
| Q2 24 | $-25.4M | $6.5M | ||
| Q1 24 | $-26.6M | $1.5M |
| Q4 25 | $-695.9M | $-17.4M | ||
| Q3 25 | $-256.2M | $1.8M | ||
| Q2 25 | $-87.5M | $1.6M | ||
| Q1 25 | $-71.8M | $-2.4M | ||
| Q4 24 | $-227.0M | $-3.8M | ||
| Q3 24 | $-83.2M | $5.9M | ||
| Q2 24 | $-33.2M | $5.1M | ||
| Q1 24 | $-34.5M | $-923.0K |
| Q4 25 | -1165.4% | -31.5% | ||
| Q3 25 | -357.3% | 3.1% | ||
| Q2 25 | -200.9% | 3.0% | ||
| Q1 25 | -146.7% | -5.1% | ||
| Q4 24 | -537.6% | -8.2% | ||
| Q3 24 | -345.0% | 12.8% | ||
| Q2 24 | -90.2% | 10.4% | ||
| Q1 24 | -71.7% | -2.1% |
| Q4 25 | 817.1% | 31.9% | ||
| Q3 25 | 287.5% | 9.0% | ||
| Q2 25 | 71.8% | 4.3% | ||
| Q1 25 | 50.2% | 4.8% | ||
| Q4 24 | 330.4% | 2.7% | ||
| Q3 24 | 317.8% | 3.3% | ||
| Q2 24 | 21.4% | 2.9% | ||
| Q1 24 | 16.4% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | -0.67× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
