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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $39.4M, roughly 1.5× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -1229.6%, a 1284.5% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 1.1%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-695.9M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
CIFR vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $39.4M |
| Net Profit | $-734.2M | $21.6M |
| Gross Margin | 59.4% | — |
| Operating Margin | -503.4% | 38.5% |
| Net Margin | -1229.6% | 54.9% |
| Revenue YoY | 41.4% | 1.1% |
| Net Profit YoY | -4293.1% | 23.1% |
| EPS (diluted) | $-1.91 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $71.7M | $39.8M | ||
| Q2 25 | $43.6M | $34.5M | ||
| Q1 25 | $49.0M | $42.6M | ||
| Q4 24 | $42.2M | $39.0M | ||
| Q3 24 | $24.1M | $30.1M | ||
| Q2 24 | $36.8M | $26.0M | ||
| Q1 24 | $48.1M | $30.3M |
| Q4 25 | $-734.2M | $21.6M | ||
| Q3 25 | $-3.3M | $16.0M | ||
| Q2 25 | $-45.8M | $19.6M | ||
| Q1 25 | $-39.0M | $13.0M | ||
| Q4 24 | $17.5M | $17.6M | ||
| Q3 24 | $-86.8M | $25.5M | ||
| Q2 24 | $-15.3M | $8.8M | ||
| Q1 24 | $39.9M | $11.1M |
| 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% | 38.5% | ||
| Q3 25 | -52.5% | 37.8% | ||
| Q2 25 | -103.9% | 53.7% | ||
| Q1 25 | -77.8% | 28.6% | ||
| Q4 24 | 40.5% | 25.9% | ||
| Q3 24 | -379.2% | 28.3% | ||
| Q2 24 | -43.9% | 23.9% | ||
| Q1 24 | 97.2% | 27.8% |
| Q4 25 | -1229.6% | 54.9% | ||
| Q3 25 | -4.6% | 40.1% | ||
| Q2 25 | -105.1% | 56.6% | ||
| Q1 25 | -79.6% | 30.6% | ||
| Q4 24 | 41.5% | 45.1% | ||
| Q3 24 | -359.9% | 84.8% | ||
| Q2 24 | -41.5% | 33.9% | ||
| Q1 24 | 82.9% | 36.7% |
| Q4 25 | $-1.91 | $0.59 | ||
| Q3 25 | $-0.01 | $0.43 | ||
| Q2 25 | $-0.12 | $0.53 | ||
| Q1 25 | $-0.11 | $0.35 | ||
| Q4 24 | $0.04 | $0.46 | ||
| Q3 24 | $-0.26 | $0.69 | ||
| Q2 24 | $-0.05 | $0.24 | ||
| Q1 24 | $0.13 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $510.9M |
| Total Assets | $4.3B | $644.0M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $111.0M | ||
| Q3 25 | $1.2B | $101.2M | ||
| Q2 25 | $62.7M | $102.8M | ||
| Q1 25 | $23.2M | $99.7M | ||
| Q4 24 | $5.6M | $98.1M | ||
| Q3 24 | $25.3M | $92.7M | ||
| Q2 24 | $122.6M | $209.9M | ||
| Q1 24 | $88.7M | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $783.2M | $492.4M | ||
| Q2 25 | $748.9M | $480.2M | ||
| Q1 25 | $734.8M | $464.9M | ||
| Q4 24 | $682.0M | $460.5M | ||
| Q3 24 | $672.0M | $446.8M | ||
| Q2 24 | $690.8M | $424.8M | ||
| Q1 24 | $600.9M | $419.7M |
| Q4 25 | $4.3B | $644.0M | ||
| Q3 25 | $2.8B | $619.0M | ||
| Q2 25 | $1.0B | $602.3M | ||
| Q1 25 | $913.8M | $588.3M | ||
| Q4 24 | $855.4M | $581.5M | ||
| Q3 24 | $775.4M | $565.2M | ||
| Q2 24 | $775.6M | $529.6M | ||
| Q1 24 | $677.1M | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | $-695.9M | $14.4M |
| FCF MarginFCF / Revenue | -1165.4% | 36.6% |
| Capex IntensityCapex / Revenue | 817.1% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $31.7M | ||
| Q3 25 | $-50.1M | $25.3M | ||
| Q2 25 | $-56.2M | $22.9M | ||
| Q1 25 | $-47.2M | $20.3M | ||
| Q4 24 | $-87.5M | $26.0M | ||
| Q3 24 | $-6.5M | $20.8M | ||
| Q2 24 | $-25.4M | $11.4M | ||
| Q1 24 | $-26.6M | $15.7M |
| Q4 25 | $-695.9M | $14.4M | ||
| Q3 25 | $-256.2M | $5.9M | ||
| Q2 25 | $-87.5M | $7.3M | ||
| Q1 25 | $-71.8M | $13.9M | ||
| Q4 24 | $-227.0M | $13.2M | ||
| Q3 24 | $-83.2M | $10.8M | ||
| Q2 24 | $-33.2M | $9.0M | ||
| Q1 24 | $-34.5M | $14.6M |
| Q4 25 | -1165.4% | 36.6% | ||
| Q3 25 | -357.3% | 14.9% | ||
| Q2 25 | -200.9% | 21.0% | ||
| Q1 25 | -146.7% | 32.7% | ||
| Q4 24 | -537.6% | 33.8% | ||
| Q3 24 | -345.0% | 36.1% | ||
| Q2 24 | -90.2% | 34.5% | ||
| Q1 24 | -71.7% | 48.1% |
| Q4 25 | 817.1% | 43.8% | ||
| Q3 25 | 287.5% | 48.6% | ||
| Q2 25 | 71.8% | 45.2% | ||
| Q1 25 | 50.2% | 15.0% | ||
| Q4 24 | 330.4% | 32.9% | ||
| Q3 24 | 317.8% | 33.3% | ||
| Q2 24 | 21.4% | 9.4% | ||
| Q1 24 | 16.4% | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | -5.00× | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | -0.67× | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
