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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and RCM TECHNOLOGIES, INC. (RCMT). Click either name above to swap in a different company.

RCM TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($86.5M vs $59.7M, roughly 1.4× Cipher Mining Inc.). RCM TECHNOLOGIES, INC. runs the higher net margin — 7.1% vs -1229.6%, a 1236.7% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 12.4%). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 9.6%).

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.

Exela Technologies, Inc. is an American business process automation ("BPA") company. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.

CIFR vs RCMT — Head-to-Head

Bigger by revenue
RCMT
RCMT
1.4× larger
RCMT
$86.5M
$59.7M
CIFR
Growing faster (revenue YoY)
CIFR
CIFR
+29.0% gap
CIFR
41.4%
12.4%
RCMT
Higher net margin
RCMT
RCMT
1236.7% more per $
RCMT
7.1%
-1229.6%
CIFR
Faster 2-yr revenue CAGR
CIFR
CIFR
Annualised
CIFR
11.4%
9.6%
RCMT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CIFR
CIFR
RCMT
RCMT
Revenue
$59.7M
$86.5M
Net Profit
$-734.2M
$6.1M
Gross Margin
59.4%
28.1%
Operating Margin
-503.4%
9.2%
Net Margin
-1229.6%
7.1%
Revenue YoY
41.4%
12.4%
Net Profit YoY
-4293.1%
112.9%
EPS (diluted)
$-1.91
$0.80

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.

Revenue
CIFR
CIFR
RCMT
RCMT
Q1 26
$86.5M
Q4 25
$59.7M
Q3 25
$71.7M
$70.3M
Q2 25
$43.6M
$78.2M
Q1 25
$49.0M
$84.5M
Q4 24
$42.2M
$76.9M
Q3 24
$24.1M
$60.4M
Q2 24
$36.8M
$69.2M
Net Profit
CIFR
CIFR
RCMT
RCMT
Q1 26
$6.1M
Q4 25
$-734.2M
Q3 25
$-3.3M
$2.3M
Q2 25
$-45.8M
$3.8M
Q1 25
$-39.0M
$4.2M
Q4 24
$17.5M
$2.9M
Q3 24
$-86.8M
$2.7M
Q2 24
$-15.3M
$3.8M
Gross Margin
CIFR
CIFR
RCMT
RCMT
Q1 26
28.1%
Q4 25
59.4%
Q3 25
62.7%
27.6%
Q2 25
64.8%
28.5%
Q1 25
69.6%
26.0%
Q4 24
56.9%
28.0%
Q3 24
37.5%
29.6%
Q2 24
61.2%
28.9%
Operating Margin
CIFR
CIFR
RCMT
RCMT
Q1 26
9.2%
Q4 25
-503.4%
Q3 25
-52.5%
5.6%
Q2 25
-103.9%
8.4%
Q1 25
-77.8%
7.8%
Q4 24
40.5%
8.2%
Q3 24
-379.2%
7.3%
Q2 24
-43.9%
8.4%
Net Margin
CIFR
CIFR
RCMT
RCMT
Q1 26
7.1%
Q4 25
-1229.6%
Q3 25
-4.6%
3.2%
Q2 25
-105.1%
4.8%
Q1 25
-79.6%
5.0%
Q4 24
41.5%
3.7%
Q3 24
-359.9%
4.5%
Q2 24
-41.5%
5.4%
EPS (diluted)
CIFR
CIFR
RCMT
RCMT
Q1 26
$0.80
Q4 25
$-1.91
Q3 25
$-0.01
$0.30
Q2 25
$-0.12
$0.50
Q1 25
$-0.11
$0.54
Q4 24
$0.04
$0.38
Q3 24
$-0.26
$0.35
Q2 24
$-0.05
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIFR
CIFR
RCMT
RCMT
Cash + ST InvestmentsLiquidity on hand
$628.3M
$2.9M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$805.5M
$46.0M
Total Assets
$4.3B
$134.4M
Debt / EquityLower = less leverage
3.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
RCMT
RCMT
Q1 26
$2.9M
Q4 25
$628.3M
Q3 25
$1.2B
$1.3M
Q2 25
$62.7M
$5.5M
Q1 25
$23.2M
$5.2M
Q4 24
$5.6M
$4.7M
Q3 24
$25.3M
$3.2M
Q2 24
$122.6M
$3.5M
Total Debt
CIFR
CIFR
RCMT
RCMT
Q1 26
Q4 25
$2.7B
Q3 25
$1.0B
Q2 25
$167.1M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Stockholders' Equity
CIFR
CIFR
RCMT
RCMT
Q1 26
$46.0M
Q4 25
$805.5M
Q3 25
$783.2M
$41.4M
Q2 25
$748.9M
$37.8M
Q1 25
$734.8M
$34.6M
Q4 24
$682.0M
$33.5M
Q3 24
$672.0M
$30.0M
Q2 24
$690.8M
$28.5M
Total Assets
CIFR
CIFR
RCMT
RCMT
Q1 26
$134.4M
Q4 25
$4.3B
Q3 25
$2.8B
$129.8M
Q2 25
$1.0B
$135.6M
Q1 25
$913.8M
$121.0M
Q4 24
$855.4M
$132.1M
Q3 24
$775.4M
$125.5M
Q2 24
$775.6M
$118.3M
Debt / Equity
CIFR
CIFR
RCMT
RCMT
Q1 26
Q4 25
3.37×
Q3 25
1.31×
Q2 25
0.22×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CIFR
CIFR
RCMT
RCMT
Operating Cash FlowLast quarter
$-207.9M
$19.0M
Free Cash FlowOCF − Capex
$-695.9M
FCF MarginFCF / Revenue
-1165.4%
Capex IntensityCapex / Revenue
817.1%
Cash ConversionOCF / Net Profit
3.11×
TTM Free Cash FlowTrailing 4 quarters
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
RCMT
RCMT
Q1 26
$19.0M
Q4 25
$-207.9M
Q3 25
$-50.1M
$-1.3M
Q2 25
$-56.2M
$-7.9M
Q1 25
$-47.2M
$16.7M
Q4 24
$-87.5M
$-1.6M
Q3 24
$-6.5M
$-4.3M
Q2 24
$-25.4M
$5.7M
Free Cash Flow
CIFR
CIFR
RCMT
RCMT
Q1 26
Q4 25
$-695.9M
Q3 25
$-256.2M
$-1.8M
Q2 25
$-87.5M
$-8.4M
Q1 25
$-71.8M
$16.2M
Q4 24
$-227.0M
$-2.6M
Q3 24
$-83.2M
$-4.9M
Q2 24
$-33.2M
$5.3M
FCF Margin
CIFR
CIFR
RCMT
RCMT
Q1 26
Q4 25
-1165.4%
Q3 25
-357.3%
-2.5%
Q2 25
-200.9%
-10.7%
Q1 25
-146.7%
19.2%
Q4 24
-537.6%
-3.4%
Q3 24
-345.0%
-8.1%
Q2 24
-90.2%
7.7%
Capex Intensity
CIFR
CIFR
RCMT
RCMT
Q1 26
Q4 25
817.1%
Q3 25
287.5%
0.7%
Q2 25
71.8%
0.6%
Q1 25
50.2%
0.5%
Q4 24
330.4%
1.3%
Q3 24
317.8%
0.9%
Q2 24
21.4%
0.6%
Cash Conversion
CIFR
CIFR
RCMT
RCMT
Q1 26
3.11×
Q4 25
Q3 25
-0.56×
Q2 25
-2.08×
Q1 25
3.98×
Q4 24
-5.00×
-0.57×
Q3 24
-1.58×
Q2 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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