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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $59.7M, roughly 1.3× Cipher Mining Inc.). On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 27.7%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-695.9M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
CIFR vs PBYI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $75.5M |
| Net Profit | $-734.2M | — |
| Gross Margin | 59.4% | 69.3% |
| Operating Margin | -503.4% | 22.7% |
| Net Margin | -1229.6% | — |
| Revenue YoY | 41.4% | 27.7% |
| Net Profit YoY | -4293.1% | — |
| EPS (diluted) | $-1.91 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $71.7M | $54.5M | ||
| Q2 25 | $43.6M | $52.4M | ||
| Q1 25 | $49.0M | $46.0M | ||
| Q4 24 | $42.2M | $59.1M | ||
| Q3 24 | $24.1M | $80.5M | ||
| Q2 24 | $36.8M | $47.1M | ||
| Q1 24 | $48.1M | $43.8M |
| Q4 25 | $-734.2M | — | ||
| Q3 25 | $-3.3M | $8.8M | ||
| Q2 25 | $-45.8M | $5.9M | ||
| Q1 25 | $-39.0M | $3.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $-86.8M | $20.3M | ||
| Q2 24 | $-15.3M | $-4.5M | ||
| Q1 24 | $39.9M | $-4.8M |
| Q4 25 | 59.4% | 69.3% | ||
| Q3 25 | 62.7% | 77.7% | ||
| Q2 25 | 64.8% | 76.5% | ||
| Q1 25 | 69.6% | 77.1% | ||
| Q4 24 | 56.9% | 76.4% | ||
| Q3 24 | 37.5% | 63.9% | ||
| Q2 24 | 61.2% | 77.4% | ||
| Q1 24 | 69.2% | 75.5% |
| Q4 25 | -503.4% | 22.7% | ||
| Q3 25 | -52.5% | 17.6% | ||
| Q2 25 | -103.9% | 12.7% | ||
| Q1 25 | -77.8% | 8.7% | ||
| Q4 24 | 40.5% | 22.6% | ||
| Q3 24 | -379.2% | 27.4% | ||
| Q2 24 | -43.9% | -4.6% | ||
| Q1 24 | 97.2% | -5.3% |
| Q4 25 | -1229.6% | — | ||
| Q3 25 | -4.6% | 16.2% | ||
| Q2 25 | -105.1% | 11.2% | ||
| Q1 25 | -79.6% | 6.5% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | -359.9% | 25.2% | ||
| Q2 24 | -41.5% | -9.6% | ||
| Q1 24 | 82.9% | -11.0% |
| Q4 25 | $-1.91 | $0.26 | ||
| Q3 25 | $-0.01 | $0.17 | ||
| Q2 25 | $-0.12 | $0.12 | ||
| Q1 25 | $-0.11 | $0.06 | ||
| Q4 24 | $0.04 | $0.40 | ||
| Q3 24 | $-0.26 | $0.41 | ||
| Q2 24 | $-0.05 | $-0.09 | ||
| Q1 24 | $0.13 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | $2.7B | $22.7M |
| Stockholders' EquityBook value | $805.5M | $130.3M |
| Total Assets | $4.3B | $216.3M |
| Debt / EquityLower = less leverage | 3.37× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $97.5M | ||
| Q3 25 | $1.2B | $94.4M | ||
| Q2 25 | $62.7M | $96.0M | ||
| Q1 25 | $23.2M | $93.2M | ||
| Q4 24 | $5.6M | $101.0M | ||
| Q3 24 | $25.3M | $96.7M | ||
| Q2 24 | $122.6M | $96.8M | ||
| Q1 24 | $88.7M | $107.2M |
| Q4 25 | $2.7B | $22.7M | ||
| Q3 25 | $1.0B | $34.0M | ||
| Q2 25 | $167.1M | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | $0 | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | $805.5M | $130.3M | ||
| Q3 25 | $783.2M | $115.3M | ||
| Q2 25 | $748.9M | $104.7M | ||
| Q1 25 | $734.8M | $97.1M | ||
| Q4 24 | $682.0M | $92.1M | ||
| Q3 24 | $672.0M | $71.1M | ||
| Q2 24 | $690.8M | $48.5M | ||
| Q1 24 | $600.9M | $51.0M |
| Q4 25 | $4.3B | $216.3M | ||
| Q3 25 | $2.8B | $202.9M | ||
| Q2 25 | $1.0B | $194.9M | ||
| Q1 25 | $913.8M | $196.2M | ||
| Q4 24 | $855.4M | $213.3M | ||
| Q3 24 | $775.4M | $220.7M | ||
| Q2 24 | $775.6M | $205.0M | ||
| Q1 24 | $677.1M | $214.1M |
| Q4 25 | 3.37× | 0.17× | ||
| Q3 25 | 1.31× | 0.30× | ||
| Q2 25 | 0.22× | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 0.00× | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $-695.9M | $14.4M |
| FCF MarginFCF / Revenue | -1165.4% | 19.1% |
| Capex IntensityCapex / Revenue | 817.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $14.4M | ||
| Q3 25 | $-50.1M | $9.7M | ||
| Q2 25 | $-56.2M | $14.1M | ||
| Q1 25 | $-47.2M | $3.6M | ||
| Q4 24 | $-87.5M | $15.6M | ||
| Q3 24 | $-6.5M | $11.0M | ||
| Q2 24 | $-25.4M | $1.0M | ||
| Q1 24 | $-26.6M | $11.2M |
| Q4 25 | $-695.9M | $14.4M | ||
| Q3 25 | $-256.2M | $9.7M | ||
| Q2 25 | $-87.5M | $14.1M | ||
| Q1 25 | $-71.8M | $3.6M | ||
| Q4 24 | $-227.0M | $15.6M | ||
| Q3 24 | $-83.2M | $11.0M | ||
| Q2 24 | $-33.2M | $1.0M | ||
| Q1 24 | $-34.5M | — |
| Q4 25 | -1165.4% | 19.1% | ||
| Q3 25 | -357.3% | 17.7% | ||
| Q2 25 | -200.9% | 26.8% | ||
| Q1 25 | -146.7% | 7.7% | ||
| Q4 24 | -537.6% | 26.4% | ||
| Q3 24 | -345.0% | 13.7% | ||
| Q2 24 | -90.2% | 2.1% | ||
| Q1 24 | -71.7% | — |
| Q4 25 | 817.1% | 0.0% | ||
| Q3 25 | 287.5% | 0.0% | ||
| Q2 25 | 71.8% | 0.0% | ||
| Q1 25 | 50.2% | 0.1% | ||
| Q4 24 | 330.4% | 0.0% | ||
| Q3 24 | 317.8% | 0.0% | ||
| Q2 24 | 21.4% | 0.0% | ||
| Q1 24 | 16.4% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
