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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $32.6M, roughly 1.8× RxSight, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -1229.6%, a 1201.5% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -18.9%). RxSight, Inc. produced more free cash flow last quarter ($-2.3M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 5.1%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
CIFR vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $32.6M |
| Net Profit | $-734.2M | $-9.2M |
| Gross Margin | 59.4% | 77.5% |
| Operating Margin | -503.4% | -34.8% |
| Net Margin | -1229.6% | -28.1% |
| Revenue YoY | 41.4% | -18.9% |
| Net Profit YoY | -4293.1% | -54.1% |
| EPS (diluted) | $-1.91 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $71.7M | $30.3M | ||
| Q2 25 | $43.6M | $33.6M | ||
| Q1 25 | $49.0M | $37.9M | ||
| Q4 24 | $42.2M | $40.2M | ||
| Q3 24 | $24.1M | $35.3M | ||
| Q2 24 | $36.8M | $34.9M | ||
| Q1 24 | $48.1M | $29.5M |
| Q4 25 | $-734.2M | $-9.2M | ||
| Q3 25 | $-3.3M | $-9.8M | ||
| Q2 25 | $-45.8M | $-11.8M | ||
| Q1 25 | $-39.0M | $-8.2M | ||
| Q4 24 | $17.5M | $-5.9M | ||
| Q3 24 | $-86.8M | $-6.3M | ||
| Q2 24 | $-15.3M | $-6.1M | ||
| Q1 24 | $39.9M | $-9.1M |
| Q4 25 | 59.4% | 77.5% | ||
| Q3 25 | 62.7% | 79.9% | ||
| Q2 25 | 64.8% | 74.9% | ||
| Q1 25 | 69.6% | 74.8% | ||
| Q4 24 | 56.9% | 71.6% | ||
| Q3 24 | 37.5% | 71.4% | ||
| Q2 24 | 61.2% | 69.5% | ||
| Q1 24 | 69.2% | 70.1% |
| Q4 25 | -503.4% | -34.8% | ||
| Q3 25 | -52.5% | -40.1% | ||
| Q2 25 | -103.9% | -41.6% | ||
| Q1 25 | -77.8% | -28.2% | ||
| Q4 24 | 40.5% | -21.5% | ||
| Q3 24 | -379.2% | -26.1% | ||
| Q2 24 | -43.9% | -23.9% | ||
| Q1 24 | 97.2% | -36.2% |
| Q4 25 | -1229.6% | -28.1% | ||
| Q3 25 | -4.6% | -32.4% | ||
| Q2 25 | -105.1% | -35.0% | ||
| Q1 25 | -79.6% | -21.6% | ||
| Q4 24 | 41.5% | -14.8% | ||
| Q3 24 | -359.9% | -17.9% | ||
| Q2 24 | -41.5% | -17.4% | ||
| Q1 24 | 82.9% | -30.8% |
| Q4 25 | $-1.91 | $-0.22 | ||
| Q3 25 | $-0.01 | $-0.24 | ||
| Q2 25 | $-0.12 | $-0.29 | ||
| Q1 25 | $-0.11 | $-0.20 | ||
| Q4 24 | $0.04 | $-0.14 | ||
| Q3 24 | $-0.26 | $-0.16 | ||
| Q2 24 | $-0.05 | $-0.16 | ||
| Q1 24 | $0.13 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $275.7M |
| Total Assets | $4.3B | $311.8M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $228.1M | ||
| Q3 25 | $1.2B | $227.5M | ||
| Q2 25 | $62.7M | $227.5M | ||
| Q1 25 | $23.2M | $229.3M | ||
| Q4 24 | $5.6M | $237.2M | ||
| Q3 24 | $25.3M | $237.1M | ||
| Q2 24 | $122.6M | $233.3M | ||
| Q1 24 | $88.7M | $125.4M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $275.7M | ||
| Q3 25 | $783.2M | $276.0M | ||
| Q2 25 | $748.9M | $278.0M | ||
| Q1 25 | $734.8M | $279.3M | ||
| Q4 24 | $682.0M | $281.2M | ||
| Q3 24 | $672.0M | $277.3M | ||
| Q2 24 | $690.8M | $275.2M | ||
| Q1 24 | $600.9M | $163.9M |
| Q4 25 | $4.3B | $311.8M | ||
| Q3 25 | $2.8B | $308.5M | ||
| Q2 25 | $1.0B | $309.0M | ||
| Q1 25 | $913.8M | $313.0M | ||
| Q4 24 | $855.4M | $318.6M | ||
| Q3 24 | $775.4M | $310.5M | ||
| Q2 24 | $775.6M | $305.5M | ||
| Q1 24 | $677.1M | $183.2M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-207.9M | $-1.1M |
| Free Cash FlowOCF − Capex | $-695.9M | $-2.3M |
| FCF MarginFCF / Revenue | -1165.4% | -6.9% |
| Capex IntensityCapex / Revenue | 817.1% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-1.1M | ||
| Q3 25 | $-50.1M | $-1.2M | ||
| Q2 25 | $-56.2M | $-4.4M | ||
| Q1 25 | $-47.2M | $-8.8M | ||
| Q4 24 | $-87.5M | $-4.3M | ||
| Q3 24 | $-6.5M | $650.0K | ||
| Q2 24 | $-25.4M | $-4.0M | ||
| Q1 24 | $-26.6M | $-9.3M |
| Q4 25 | $-695.9M | $-2.3M | ||
| Q3 25 | $-256.2M | $-1.8M | ||
| Q2 25 | $-87.5M | $-5.9M | ||
| Q1 25 | $-71.8M | $-9.4M | ||
| Q4 24 | $-227.0M | $-5.1M | ||
| Q3 24 | $-83.2M | $-453.0K | ||
| Q2 24 | $-33.2M | $-5.5M | ||
| Q1 24 | $-34.5M | $-11.3M |
| Q4 25 | -1165.4% | -6.9% | ||
| Q3 25 | -357.3% | -5.8% | ||
| Q2 25 | -200.9% | -17.6% | ||
| Q1 25 | -146.7% | -24.8% | ||
| Q4 24 | -537.6% | -12.7% | ||
| Q3 24 | -345.0% | -1.3% | ||
| Q2 24 | -90.2% | -15.9% | ||
| Q1 24 | -71.7% | -38.2% |
| Q4 25 | 817.1% | 3.5% | ||
| Q3 25 | 287.5% | 1.9% | ||
| Q2 25 | 71.8% | 4.6% | ||
| Q1 25 | 50.2% | 1.5% | ||
| Q4 24 | 330.4% | 2.1% | ||
| Q3 24 | 317.8% | 3.1% | ||
| Q2 24 | 21.4% | 4.4% | ||
| Q1 24 | 16.4% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
