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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $59.7M, roughly 1.8× Cipher Mining Inc.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -1229.6%, a 1217.1% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 3.1%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
CIFR vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $105.1M |
| Net Profit | $-734.2M | $-13.1M |
| Gross Margin | 59.4% | 68.0% |
| Operating Margin | -503.4% | -4.3% |
| Net Margin | -1229.6% | -12.5% |
| Revenue YoY | 41.4% | 4.3% |
| Net Profit YoY | -4293.1% | -48.9% |
| EPS (diluted) | $-1.91 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $71.7M | $114.6M | ||
| Q2 25 | $43.6M | $106.3M | ||
| Q1 25 | $49.0M | $97.0M | ||
| Q4 24 | $42.2M | $100.7M | ||
| Q3 24 | $24.1M | $119.1M | ||
| Q2 24 | $36.8M | $103.9M | ||
| Q1 24 | $48.1M | $98.9M |
| Q4 25 | $-734.2M | $-13.1M | ||
| Q3 25 | $-3.3M | $11.1M | ||
| Q2 25 | $-45.8M | $-7.7M | ||
| Q1 25 | $-39.0M | $465.0K | ||
| Q4 24 | $17.5M | $-8.8M | ||
| Q3 24 | $-86.8M | $14.8M | ||
| Q2 24 | $-15.3M | $5.8M | ||
| Q1 24 | $39.9M | $7.7M |
| Q4 25 | 59.4% | 68.0% | ||
| Q3 25 | 62.7% | 69.1% | ||
| Q2 25 | 64.8% | 71.2% | ||
| Q1 25 | 69.6% | 69.5% | ||
| Q4 24 | 56.9% | 66.3% | ||
| Q3 24 | 37.5% | 68.6% | ||
| Q2 24 | 61.2% | 69.7% | ||
| Q1 24 | 69.2% | 72.1% |
| Q4 25 | -503.4% | -4.3% | ||
| Q3 25 | -52.5% | 3.7% | ||
| Q2 25 | -103.9% | -1.1% | ||
| Q1 25 | -77.8% | 8.7% | ||
| Q4 24 | 40.5% | 3.0% | ||
| Q3 24 | -379.2% | 23.5% | ||
| Q2 24 | -43.9% | 15.7% | ||
| Q1 24 | 97.2% | 19.8% |
| Q4 25 | -1229.6% | -12.5% | ||
| Q3 25 | -4.6% | 9.7% | ||
| Q2 25 | -105.1% | -7.3% | ||
| Q1 25 | -79.6% | 0.5% | ||
| Q4 24 | 41.5% | -8.7% | ||
| Q3 24 | -359.9% | 12.4% | ||
| Q2 24 | -41.5% | 5.6% | ||
| Q1 24 | 82.9% | 7.8% |
| Q4 25 | $-1.91 | $-0.02 | ||
| Q3 25 | $-0.01 | $0.02 | ||
| Q2 25 | $-0.12 | $-0.01 | ||
| Q1 25 | $-0.11 | $0.00 | ||
| Q4 24 | $0.04 | $-0.01 | ||
| Q3 24 | $-0.26 | $0.02 | ||
| Q2 24 | $-0.05 | $0.01 | ||
| 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 | $318.7M |
| Total DebtLower is stronger | $2.7B | $352.3M |
| Stockholders' EquityBook value | $805.5M | $879.4M |
| Total Assets | $4.3B | $1.5B |
| Debt / EquityLower = less leverage | 3.37× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $318.7M | ||
| Q3 25 | $1.2B | $286.4M | ||
| Q2 25 | $62.7M | $289.3M | ||
| Q1 25 | $23.2M | $580.9M | ||
| Q4 24 | $5.6M | $586.0M | ||
| Q3 24 | $25.3M | $538.8M | ||
| Q2 24 | $122.6M | $507.9M | ||
| Q1 24 | $88.7M | $507.5M |
| Q4 25 | $2.7B | $352.3M | ||
| Q3 25 | $1.0B | $352.1M | ||
| Q2 25 | $167.1M | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | $0 | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $805.5M | $879.4M | ||
| Q3 25 | $783.2M | $888.7M | ||
| Q2 25 | $748.9M | $874.2M | ||
| Q1 25 | $734.8M | $878.3M | ||
| Q4 24 | $682.0M | $874.4M | ||
| Q3 24 | $672.0M | $879.7M | ||
| Q2 24 | $690.8M | $863.3M | ||
| Q1 24 | $600.9M | $855.7M |
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $913.8M | $1.8B | ||
| Q4 24 | $855.4M | $1.8B | ||
| Q3 24 | $775.4M | $1.8B | ||
| Q2 24 | $775.6M | $1.8B | ||
| Q1 24 | $677.1M | $1.8B |
| Q4 25 | 3.37× | 0.40× | ||
| Q3 25 | 1.31× | 0.40× | ||
| Q2 25 | 0.22× | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 0.00× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $-695.9M | $32.6M |
| FCF MarginFCF / Revenue | -1165.4% | 31.0% |
| Capex IntensityCapex / Revenue | 817.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $32.7M | ||
| Q3 25 | $-50.1M | $8.0M | ||
| Q2 25 | $-56.2M | $20.9M | ||
| Q1 25 | $-47.2M | $-2.9M | ||
| Q4 24 | $-87.5M | $49.7M | ||
| Q3 24 | $-6.5M | $33.5M | ||
| Q2 24 | $-25.4M | $16.2M | ||
| Q1 24 | $-26.6M | $43.7M |
| Q4 25 | $-695.9M | $32.6M | ||
| Q3 25 | $-256.2M | $7.9M | ||
| Q2 25 | $-87.5M | $20.8M | ||
| Q1 25 | $-71.8M | $-3.0M | ||
| Q4 24 | $-227.0M | $49.2M | ||
| Q3 24 | $-83.2M | $33.3M | ||
| Q2 24 | $-33.2M | $16.1M | ||
| Q1 24 | $-34.5M | $43.3M |
| Q4 25 | -1165.4% | 31.0% | ||
| Q3 25 | -357.3% | 6.9% | ||
| Q2 25 | -200.9% | 19.6% | ||
| Q1 25 | -146.7% | -3.1% | ||
| Q4 24 | -537.6% | 48.9% | ||
| Q3 24 | -345.0% | 28.0% | ||
| Q2 24 | -90.2% | 15.5% | ||
| Q1 24 | -71.7% | 43.7% |
| Q4 25 | 817.1% | 0.1% | ||
| Q3 25 | 287.5% | 0.1% | ||
| Q2 25 | 71.8% | 0.1% | ||
| Q1 25 | 50.2% | 0.0% | ||
| Q4 24 | 330.4% | 0.4% | ||
| Q3 24 | 317.8% | 0.1% | ||
| Q2 24 | 21.4% | 0.1% | ||
| Q1 24 | 16.4% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | -0.67× | 5.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
