vs
Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $59.7M, roughly 1.2× Cipher Mining Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -1229.6%, a 1231.6% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -4.7%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
CIFR vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $71.1M |
| Net Profit | $-734.2M | $1.4M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | 13.1% |
| Net Margin | -1229.6% | 2.0% |
| Revenue YoY | 41.4% | -1.8% |
| Net Profit YoY | -4293.1% | -75.2% |
| EPS (diluted) | $-1.91 | — |
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 | $71.1M | ||
| Q3 25 | $71.7M | $73.2M | ||
| Q2 25 | $43.6M | $72.8M | ||
| Q1 25 | $49.0M | $74.5M | ||
| Q4 24 | $42.2M | $72.5M | ||
| Q3 24 | $24.1M | $78.5M | ||
| Q2 24 | $36.8M | $78.5M | ||
| Q1 24 | $48.1M | $78.3M |
| Q4 25 | $-734.2M | $1.4M | ||
| Q3 25 | $-3.3M | $4.0M | ||
| Q2 25 | $-45.8M | $4.7M | ||
| Q1 25 | $-39.0M | $-2.0M | ||
| Q4 24 | $17.5M | $5.8M | ||
| Q3 24 | $-86.8M | $966.0K | ||
| Q2 24 | $-15.3M | $3.7M | ||
| Q1 24 | $39.9M | $-3.4M |
| 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% | — |
| Q4 25 | -503.4% | 13.1% | ||
| Q3 25 | -52.5% | 25.0% | ||
| Q2 25 | -103.9% | 19.3% | ||
| Q1 25 | -77.8% | 7.2% | ||
| Q4 24 | 40.5% | 5.9% | ||
| Q3 24 | -379.2% | 19.4% | ||
| Q2 24 | -43.9% | 20.6% | ||
| Q1 24 | 97.2% | 5.8% |
| Q4 25 | -1229.6% | 2.0% | ||
| Q3 25 | -4.6% | 5.4% | ||
| Q2 25 | -105.1% | 6.4% | ||
| Q1 25 | -79.6% | -2.6% | ||
| Q4 24 | 41.5% | 8.0% | ||
| Q3 24 | -359.9% | 1.2% | ||
| Q2 24 | -41.5% | 4.7% | ||
| Q1 24 | 82.9% | -4.3% |
| Q4 25 | $-1.91 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $0.13 | — |
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 | $118.7M |
| Total DebtLower is stronger | $2.7B | $432.2M |
| Stockholders' EquityBook value | $805.5M | $452.4M |
| Total Assets | $4.3B | $582.5M |
| Debt / EquityLower = less leverage | 3.37× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $118.7M | ||
| Q3 25 | $1.2B | $107.5M | ||
| Q2 25 | $62.7M | $94.3M | ||
| Q1 25 | $23.2M | $89.1M | ||
| Q4 24 | $5.6M | $96.6M | ||
| Q3 24 | $25.3M | $83.8M | ||
| Q2 24 | $122.6M | $66.1M | ||
| Q1 24 | $88.7M | $82.1M |
| Q4 25 | $2.7B | $432.2M | ||
| Q3 25 | $1.0B | $433.3M | ||
| Q2 25 | $167.1M | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $805.5M | $452.4M | ||
| Q3 25 | $783.2M | $448.1M | ||
| Q2 25 | $748.9M | $442.4M | ||
| Q1 25 | $734.8M | $433.5M | ||
| Q4 24 | $682.0M | $429.5M | ||
| Q3 24 | $672.0M | $423.1M | ||
| Q2 24 | $690.8M | $418.4M | ||
| Q1 24 | $600.9M | $412.0M |
| Q4 25 | $4.3B | $582.5M | ||
| Q3 25 | $2.8B | $582.2M | ||
| Q2 25 | $1.0B | $574.8M | ||
| Q1 25 | $913.8M | $571.4M | ||
| Q4 24 | $855.4M | $581.6M | ||
| Q3 24 | $775.4M | $578.6M | ||
| Q2 24 | $775.6M | $571.4M | ||
| Q1 24 | $677.1M | $566.7M |
| Q4 25 | 3.37× | 0.96× | ||
| Q3 25 | 1.31× | 0.97× | ||
| Q2 25 | 0.22× | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-695.9M | $33.5M |
| FCF MarginFCF / Revenue | -1165.4% | 47.1% |
| Capex IntensityCapex / Revenue | 817.1% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $40.9M | ||
| Q3 25 | $-50.1M | $17.7M | ||
| Q2 25 | $-56.2M | $4.6M | ||
| Q1 25 | $-47.2M | $5.7M | ||
| Q4 24 | $-87.5M | $59.7M | ||
| Q3 24 | $-6.5M | $17.6M | ||
| Q2 24 | $-25.4M | $15.9M | ||
| Q1 24 | $-26.6M | $9.4M |
| Q4 25 | $-695.9M | $33.5M | ||
| Q3 25 | $-256.2M | $16.4M | ||
| Q2 25 | $-87.5M | $2.9M | ||
| Q1 25 | $-71.8M | $4.0M | ||
| Q4 24 | $-227.0M | $53.0M | ||
| Q3 24 | $-83.2M | $16.3M | ||
| Q2 24 | $-33.2M | $14.0M | ||
| Q1 24 | $-34.5M | $6.8M |
| Q4 25 | -1165.4% | 47.1% | ||
| Q3 25 | -357.3% | 22.4% | ||
| Q2 25 | -200.9% | 4.0% | ||
| Q1 25 | -146.7% | 5.3% | ||
| Q4 24 | -537.6% | 73.2% | ||
| Q3 24 | -345.0% | 20.8% | ||
| Q2 24 | -90.2% | 17.8% | ||
| Q1 24 | -71.7% | 8.6% |
| Q4 25 | 817.1% | 10.4% | ||
| Q3 25 | 287.5% | 1.8% | ||
| Q2 25 | 71.8% | 2.2% | ||
| Q1 25 | 50.2% | 2.3% | ||
| Q4 24 | 330.4% | 9.1% | ||
| Q3 24 | 317.8% | 1.7% | ||
| Q2 24 | 21.4% | 2.4% | ||
| Q1 24 | 16.4% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | -0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
