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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $59.7M, roughly 1.4× Cipher Mining Inc.). PROCEPT BioRobotics Corp runs the higher net margin — -38.1% vs -1229.6%, a 1191.5% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 20.2%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
CIFR vs PRCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $83.1M |
| Net Profit | $-734.2M | $-31.6M |
| Gross Margin | 59.4% | 64.9% |
| Operating Margin | -503.4% | -4.1% |
| Net Margin | -1229.6% | -38.1% |
| Revenue YoY | 41.4% | 20.2% |
| Net Profit YoY | -4293.1% | -27.9% |
| EPS (diluted) | $-1.91 | $-0.56 |
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.
| Q1 26 | — | $83.1M | ||
| Q4 25 | $59.7M | $76.4M | ||
| Q3 25 | $71.7M | $83.3M | ||
| Q2 25 | $43.6M | $79.2M | ||
| Q1 25 | $49.0M | $69.2M | ||
| Q4 24 | $42.2M | $68.2M | ||
| Q3 24 | $24.1M | $58.4M | ||
| Q2 24 | $36.8M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $-734.2M | $-29.8M | ||
| Q3 25 | $-3.3M | $-21.4M | ||
| Q2 25 | $-45.8M | $-19.6M | ||
| Q1 25 | $-39.0M | $-24.7M | ||
| Q4 24 | $17.5M | $-18.9M | ||
| Q3 24 | $-86.8M | $-21.0M | ||
| Q2 24 | $-15.3M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 59.4% | 60.6% | ||
| Q3 25 | 62.7% | 64.8% | ||
| Q2 25 | 64.8% | 65.4% | ||
| Q1 25 | 69.6% | 63.9% | ||
| Q4 24 | 56.9% | 64.0% | ||
| Q3 24 | 37.5% | 63.2% | ||
| Q2 24 | 61.2% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | -503.4% | -40.6% | ||
| Q3 25 | -52.5% | -27.8% | ||
| Q2 25 | -103.9% | -28.0% | ||
| Q1 25 | -77.8% | -39.7% | ||
| Q4 24 | 40.5% | -28.9% | ||
| Q3 24 | -379.2% | -38.4% | ||
| Q2 24 | -43.9% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | -1229.6% | -39.1% | ||
| Q3 25 | -4.6% | -25.7% | ||
| Q2 25 | -105.1% | -24.7% | ||
| Q1 25 | -79.6% | -35.8% | ||
| Q4 24 | 41.5% | -27.6% | ||
| Q3 24 | -359.9% | -35.9% | ||
| Q2 24 | -41.5% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $-1.91 | $-0.54 | ||
| Q3 25 | $-0.01 | $-0.38 | ||
| Q2 25 | $-0.12 | $-0.35 | ||
| Q1 25 | $-0.11 | $-0.45 | ||
| Q4 24 | $0.04 | $-0.34 | ||
| Q3 24 | $-0.26 | $-0.40 | ||
| Q2 24 | $-0.05 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | $2.7B | $51.7M |
| Stockholders' EquityBook value | $805.5M | $347.7M |
| Total Assets | $4.3B | $487.1M |
| Debt / EquityLower = less leverage | 3.37× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $628.3M | $286.5M | ||
| Q3 25 | $1.2B | $294.3M | ||
| Q2 25 | $62.7M | $302.7M | ||
| Q1 25 | $23.2M | $316.2M | ||
| Q4 24 | $5.6M | $333.7M | ||
| Q3 24 | $25.3M | $196.8M | ||
| Q2 24 | $122.6M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | $2.7B | $51.6M | ||
| Q3 25 | $1.0B | $51.6M | ||
| Q2 25 | $167.1M | $51.5M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | $0 | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $805.5M | $365.9M | ||
| Q3 25 | $783.2M | $380.3M | ||
| Q2 25 | $748.9M | $385.8M | ||
| Q1 25 | $734.8M | $389.2M | ||
| Q4 24 | $682.0M | $402.2M | ||
| Q3 24 | $672.0M | $241.2M | ||
| Q2 24 | $690.8M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $4.3B | $508.1M | ||
| Q3 25 | $2.8B | $511.5M | ||
| Q2 25 | $1.0B | $513.1M | ||
| Q1 25 | $913.8M | $519.4M | ||
| Q4 24 | $855.4M | $534.0M | ||
| Q3 24 | $775.4M | $374.1M | ||
| Q2 24 | $775.6M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | 3.37× | 0.14× | ||
| Q3 25 | 1.31× | 0.14× | ||
| Q2 25 | 0.22× | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.00× | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.20× |
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 | — |
| Free Cash FlowOCF − Capex | $-695.9M | — |
| FCF MarginFCF / Revenue | -1165.4% | — |
| Capex IntensityCapex / Revenue | 817.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-207.9M | $-10.3M | ||
| Q3 25 | $-50.1M | $-6.6M | ||
| Q2 25 | $-56.2M | $-15.0M | ||
| Q1 25 | $-47.2M | $-17.0M | ||
| Q4 24 | $-87.5M | $-32.4M | ||
| Q3 24 | $-6.5M | $-18.8M | ||
| Q2 24 | $-25.4M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-695.9M | $-12.2M | ||
| Q3 25 | $-256.2M | $-9.5M | ||
| Q2 25 | $-87.5M | $-17.8M | ||
| Q1 25 | $-71.8M | $-18.8M | ||
| Q4 24 | $-227.0M | $-33.6M | ||
| Q3 24 | $-83.2M | $-19.0M | ||
| Q2 24 | $-33.2M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | -1165.4% | -15.9% | ||
| Q3 25 | -357.3% | -11.4% | ||
| Q2 25 | -200.9% | -22.5% | ||
| Q1 25 | -146.7% | -27.2% | ||
| Q4 24 | -537.6% | -49.2% | ||
| Q3 24 | -345.0% | -32.6% | ||
| Q2 24 | -90.2% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 817.1% | 2.4% | ||
| Q3 25 | 287.5% | 3.4% | ||
| Q2 25 | 71.8% | 3.5% | ||
| Q1 25 | 50.2% | 2.7% | ||
| Q4 24 | 330.4% | 1.7% | ||
| Q3 24 | 317.8% | 0.4% | ||
| Q2 24 | 21.4% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
