vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $43.1M, roughly 1.4× WM TECHNOLOGY, INC.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -1229.6%, a 1221.3% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -9.7%). WM TECHNOLOGY, INC. produced more free cash flow last quarter ($-280.0K vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -1.5%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
CIFR vs MAPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $43.1M |
| Net Profit | $-734.2M | $-3.6M |
| Gross Margin | 59.4% | 94.9% |
| Operating Margin | -503.4% | -13.5% |
| Net Margin | -1229.6% | -8.3% |
| Revenue YoY | 41.4% | -9.7% |
| Net Profit YoY | -4293.1% | -251.9% |
| EPS (diluted) | $-1.91 | — |
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 | $43.1M | ||
| Q3 25 | $71.7M | $42.2M | ||
| Q2 25 | $43.6M | $44.8M | ||
| Q1 25 | $49.0M | $44.6M | ||
| Q4 24 | $42.2M | $47.7M | ||
| Q3 24 | $24.1M | $46.6M | ||
| Q2 24 | $36.8M | $45.9M | ||
| Q1 24 | $48.1M | $44.4M |
| Q4 25 | $-734.2M | $-3.6M | ||
| Q3 25 | $-3.3M | $2.5M | ||
| Q2 25 | $-45.8M | $1.4M | ||
| Q1 25 | $-39.0M | $1.6M | ||
| Q4 24 | $17.5M | $2.4M | ||
| Q3 24 | $-86.8M | $3.3M | ||
| Q2 24 | $-15.3M | $716.0K | ||
| Q1 24 | $39.9M | $1.2M |
| Q4 25 | 59.4% | 94.9% | ||
| Q3 25 | 62.7% | 95.0% | ||
| Q2 25 | 64.8% | 94.9% | ||
| Q1 25 | 69.6% | 95.0% | ||
| Q4 24 | 56.9% | 95.2% | ||
| Q3 24 | 37.5% | 95.3% | ||
| Q2 24 | 61.2% | 95.1% | ||
| Q1 24 | 69.2% | 94.8% |
| Q4 25 | -503.4% | -13.5% | ||
| Q3 25 | -52.5% | 4.6% | ||
| Q2 25 | -103.9% | 4.4% | ||
| Q1 25 | -77.8% | 5.9% | ||
| Q4 24 | 40.5% | 9.6% | ||
| Q3 24 | -379.2% | 11.2% | ||
| Q2 24 | -43.9% | 2.7% | ||
| Q1 24 | 97.2% | 8.5% |
| Q4 25 | -1229.6% | -8.3% | ||
| Q3 25 | -4.6% | 5.8% | ||
| Q2 25 | -105.1% | 3.2% | ||
| Q1 25 | -79.6% | 3.7% | ||
| Q4 24 | 41.5% | 4.9% | ||
| Q3 24 | -359.9% | 7.2% | ||
| Q2 24 | -41.5% | 1.6% | ||
| Q1 24 | 82.9% | 2.8% |
| Q4 25 | $-1.91 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-0.11 | $0.02 | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $0.13 | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $57.2M |
| Total Assets | $4.3B | $190.7M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $62.4M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $23.2M | — | ||
| Q4 24 | $5.6M | $52.0M | ||
| Q3 24 | $25.3M | — | ||
| Q2 24 | $122.6M | — | ||
| Q1 24 | $88.7M | — |
| 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 | $57.2M | ||
| Q3 25 | $783.2M | $56.9M | ||
| Q2 25 | $748.9M | $52.7M | ||
| Q1 25 | $734.8M | $48.5M | ||
| Q4 24 | $682.0M | $36.1M | ||
| Q3 24 | $672.0M | $29.5M | ||
| Q2 24 | $690.8M | $24.5M | ||
| Q1 24 | $600.9M | $20.8M |
| Q4 25 | $4.3B | $190.7M | ||
| Q3 25 | $2.8B | $192.9M | ||
| Q2 25 | $1.0B | $188.1M | ||
| Q1 25 | $913.8M | $183.8M | ||
| Q4 24 | $855.4M | $181.9M | ||
| Q3 24 | $775.4M | $173.6M | ||
| Q2 24 | $775.6M | $168.0M | ||
| Q1 24 | $677.1M | $165.8M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.0M |
| Free Cash FlowOCF − Capex | $-695.9M | $-280.0K |
| FCF MarginFCF / Revenue | -1165.4% | -0.7% |
| Capex IntensityCapex / Revenue | 817.1% | 7.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $3.0M | ||
| Q3 25 | $-50.1M | $6.4M | ||
| Q2 25 | $-56.2M | $11.1M | ||
| Q1 25 | $-47.2M | $5.7M | ||
| Q4 24 | $-87.5M | $9.4M | ||
| Q3 24 | $-6.5M | $7.2M | ||
| Q2 24 | $-25.4M | $12.7M | ||
| Q1 24 | $-26.6M | $7.4M |
| Q4 25 | $-695.9M | $-280.0K | ||
| Q3 25 | $-256.2M | $3.6M | ||
| Q2 25 | $-87.5M | $8.2M | ||
| Q1 25 | $-71.8M | $2.0M | ||
| Q4 24 | $-227.0M | $7.3M | ||
| Q3 24 | $-83.2M | $4.9M | ||
| Q2 24 | $-33.2M | $10.1M | ||
| Q1 24 | $-34.5M | $2.9M |
| Q4 25 | -1165.4% | -0.7% | ||
| Q3 25 | -357.3% | 8.4% | ||
| Q2 25 | -200.9% | 18.3% | ||
| Q1 25 | -146.7% | 4.5% | ||
| Q4 24 | -537.6% | 15.2% | ||
| Q3 24 | -345.0% | 10.4% | ||
| Q2 24 | -90.2% | 21.9% | ||
| Q1 24 | -71.7% | 6.4% |
| Q4 25 | 817.1% | 7.7% | ||
| Q3 25 | 287.5% | 6.8% | ||
| Q2 25 | 71.8% | 6.3% | ||
| Q1 25 | 50.2% | 8.2% | ||
| Q4 24 | 330.4% | 4.5% | ||
| Q3 24 | 317.8% | 5.1% | ||
| Q2 24 | 21.4% | 5.7% | ||
| Q1 24 | 16.4% | 10.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.61× | ||
| Q2 25 | — | 7.75× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | -5.00× | 4.00× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 17.67× | ||
| Q1 24 | -0.67× | 5.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
