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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and REGIS CORP (RGS). Click either name above to swap in a different company.

Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $57.1M, roughly 1.0× REGIS CORP). REGIS CORP runs the higher net margin — 0.8% vs -1229.6%, a 1230.4% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 22.3%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 7.8%).

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

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

CIFR vs RGS — Head-to-Head

Bigger by revenue
CIFR
CIFR
1.0× larger
CIFR
$59.7M
$57.1M
RGS
Growing faster (revenue YoY)
CIFR
CIFR
+19.2% gap
CIFR
41.4%
22.3%
RGS
Higher net margin
RGS
RGS
1230.4% more per $
RGS
0.8%
-1229.6%
CIFR
More free cash flow
RGS
RGS
$696.8M more FCF
RGS
$891.0K
$-695.9M
CIFR
Faster 2-yr revenue CAGR
CIFR
CIFR
Annualised
CIFR
11.4%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CIFR
CIFR
RGS
RGS
Revenue
$59.7M
$57.1M
Net Profit
$-734.2M
$456.0K
Gross Margin
59.4%
Operating Margin
-503.4%
10.8%
Net Margin
-1229.6%
0.8%
Revenue YoY
41.4%
22.3%
Net Profit YoY
-4293.1%
-94.0%
EPS (diluted)
$-1.91
$0.16

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
RGS
RGS
Q4 25
$59.7M
$57.1M
Q3 25
$71.7M
$59.0M
Q2 25
$43.6M
$60.4M
Q1 25
$49.0M
$57.0M
Q4 24
$42.2M
$46.7M
Q3 24
$24.1M
$46.1M
Q2 24
$36.8M
$49.4M
Q1 24
$48.1M
$49.2M
Net Profit
CIFR
CIFR
RGS
RGS
Q4 25
$-734.2M
$456.0K
Q3 25
$-3.3M
$1.4M
Q2 25
$-45.8M
$116.5M
Q1 25
$-39.0M
$250.0K
Q4 24
$17.5M
$7.6M
Q3 24
$-86.8M
$-853.0K
Q2 24
$-15.3M
$91.2M
Q1 24
$39.9M
$-2.3M
Gross Margin
CIFR
CIFR
RGS
RGS
Q4 25
59.4%
Q3 25
62.7%
Q2 25
64.8%
Q1 25
69.6%
Q4 24
56.9%
Q3 24
37.5%
Q2 24
61.2%
Q1 24
69.2%
Operating Margin
CIFR
CIFR
RGS
RGS
Q4 25
-503.4%
10.8%
Q3 25
-52.5%
10.0%
Q2 25
-103.9%
12.1%
Q1 25
-77.8%
8.8%
Q4 24
40.5%
11.8%
Q3 24
-379.2%
4.6%
Q2 24
-43.9%
Q1 24
97.2%
8.3%
Net Margin
CIFR
CIFR
RGS
RGS
Q4 25
-1229.6%
0.8%
Q3 25
-4.6%
2.3%
Q2 25
-105.1%
192.9%
Q1 25
-79.6%
0.4%
Q4 24
41.5%
16.4%
Q3 24
-359.9%
-1.9%
Q2 24
-41.5%
184.7%
Q1 24
82.9%
-4.7%
EPS (diluted)
CIFR
CIFR
RGS
RGS
Q4 25
$-1.91
$0.16
Q3 25
$-0.01
$0.49
Q2 25
$-0.12
$43.67
Q1 25
$-0.11
$0.08
Q4 24
$0.04
$2.71
Q3 24
$-0.26
$-0.36
Q2 24
$-0.05
$38.40
Q1 24
$0.13
$-1.00

Balance Sheet & Financial Strength

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

Metric
CIFR
CIFR
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$628.3M
$18.4M
Total DebtLower is stronger
$2.7B
$113.3M
Stockholders' EquityBook value
$805.5M
$188.7M
Total Assets
$4.3B
$588.3M
Debt / EquityLower = less leverage
3.37×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
RGS
RGS
Q4 25
$628.3M
$18.4M
Q3 25
$1.2B
$16.6M
Q2 25
$62.7M
$17.0M
Q1 25
$23.2M
$13.3M
Q4 24
$5.6M
$10.2M
Q3 24
$25.3M
$6.3M
Q2 24
$122.6M
$10.1M
Q1 24
$88.7M
$5.9M
Total Debt
CIFR
CIFR
RGS
RGS
Q4 25
$2.7B
$113.3M
Q3 25
$1.0B
$111.3M
Q2 25
$167.1M
$110.8M
Q1 25
$112.0M
Q4 24
$0
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
CIFR
CIFR
RGS
RGS
Q4 25
$805.5M
$188.7M
Q3 25
$783.2M
$187.6M
Q2 25
$748.9M
$185.6M
Q1 25
$734.8M
$68.6M
Q4 24
$682.0M
$66.7M
Q3 24
$672.0M
$56.4M
Q2 24
$690.8M
$56.8M
Q1 24
$600.9M
$-35.8M
Total Assets
CIFR
CIFR
RGS
RGS
Q4 25
$4.3B
$588.3M
Q3 25
$2.8B
$592.1M
Q2 25
$1.0B
$599.0M
Q1 25
$913.8M
$511.2M
Q4 24
$855.4M
$530.1M
Q3 24
$775.4M
$508.9M
Q2 24
$775.6M
$530.5M
Q1 24
$677.1M
$543.7M
Debt / Equity
CIFR
CIFR
RGS
RGS
Q4 25
3.37×
0.60×
Q3 25
1.31×
0.59×
Q2 25
0.22×
0.60×
Q1 25
1.63×
Q4 24
0.00×
1.67×
Q3 24
1.69×
Q2 24
1.75×
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
CIFR
CIFR
RGS
RGS
Operating Cash FlowLast quarter
$-207.9M
$1.7M
Free Cash FlowOCF − Capex
$-695.9M
$891.0K
FCF MarginFCF / Revenue
-1165.4%
1.6%
Capex IntensityCapex / Revenue
817.1%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-1.1B
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
RGS
RGS
Q4 25
$-207.9M
$1.7M
Q3 25
$-50.1M
$2.3M
Q2 25
$-56.2M
$6.8M
Q1 25
$-47.2M
$6.2M
Q4 24
$-87.5M
$2.1M
Q3 24
$-6.5M
$-1.3M
Q2 24
$-25.4M
$5.1M
Q1 24
$-26.6M
$-277.0K
Free Cash Flow
CIFR
CIFR
RGS
RGS
Q4 25
$-695.9M
$891.0K
Q3 25
$-256.2M
$1.9M
Q2 25
$-87.5M
$6.2M
Q1 25
$-71.8M
$5.9M
Q4 24
$-227.0M
$1.7M
Q3 24
$-83.2M
$-1.4M
Q2 24
$-33.2M
$5.1M
Q1 24
$-34.5M
$-326.0K
FCF Margin
CIFR
CIFR
RGS
RGS
Q4 25
-1165.4%
1.6%
Q3 25
-357.3%
3.2%
Q2 25
-200.9%
10.3%
Q1 25
-146.7%
10.3%
Q4 24
-537.6%
3.6%
Q3 24
-345.0%
-3.0%
Q2 24
-90.2%
10.3%
Q1 24
-71.7%
-0.7%
Capex Intensity
CIFR
CIFR
RGS
RGS
Q4 25
817.1%
1.4%
Q3 25
287.5%
0.7%
Q2 25
71.8%
0.9%
Q1 25
50.2%
0.6%
Q4 24
330.4%
0.9%
Q3 24
317.8%
0.0%
Q2 24
21.4%
0.0%
Q1 24
16.4%
0.1%
Cash Conversion
CIFR
CIFR
RGS
RGS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
-5.00×
0.28×
Q3 24
Q2 24
0.06×
Q1 24
-0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CIFR
CIFR

Segment breakdown not available.

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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