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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and STEM, INC. (STEM). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $47.1M, roughly 1.3× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -1229.6%, a 1195.7% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
CIFR vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $47.1M |
| Net Profit | $-734.2M | $-16.0M |
| Gross Margin | 59.4% | 48.9% |
| Operating Margin | -503.4% | -17.7% |
| Net Margin | -1229.6% | -33.9% |
| Revenue YoY | 41.4% | -15.6% |
| Net Profit YoY | -4293.1% | 68.8% |
| EPS (diluted) | $-1.91 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $71.7M | $38.2M | ||
| Q2 25 | $43.6M | $38.4M | ||
| Q1 25 | $49.0M | $32.5M | ||
| Q4 24 | $42.2M | $55.8M | ||
| Q3 24 | $24.1M | $29.3M | ||
| Q2 24 | $36.8M | $34.0M | ||
| Q1 24 | $48.1M | $25.5M |
| Q4 25 | $-734.2M | $-16.0M | ||
| Q3 25 | $-3.3M | $-23.8M | ||
| Q2 25 | $-45.8M | $202.5M | ||
| Q1 25 | $-39.0M | $-25.0M | ||
| Q4 24 | $17.5M | $-51.1M | ||
| Q3 24 | $-86.8M | $-148.3M | ||
| Q2 24 | $-15.3M | $-582.3M | ||
| Q1 24 | $39.9M | $-72.3M |
| Q4 25 | 59.4% | 48.9% | ||
| Q3 25 | 62.7% | 35.5% | ||
| Q2 25 | 64.8% | 33.4% | ||
| Q1 25 | 69.6% | 32.4% | ||
| Q4 24 | 56.9% | -4.4% | ||
| Q3 24 | 37.5% | 21.2% | ||
| Q2 24 | 61.2% | 27.6% | ||
| Q1 24 | 69.2% | -95.0% |
| Q4 25 | -503.4% | -17.7% | ||
| Q3 25 | -52.5% | -33.6% | ||
| Q2 25 | -103.9% | -34.8% | ||
| Q1 25 | -77.8% | -65.0% | ||
| Q4 24 | 40.5% | -84.4% | ||
| Q3 24 | -379.2% | -493.2% | ||
| Q2 24 | -43.9% | -1705.5% | ||
| Q1 24 | 97.2% | -267.0% |
| Q4 25 | -1229.6% | -33.9% | ||
| Q3 25 | -4.6% | -62.2% | ||
| Q2 25 | -105.1% | 527.8% | ||
| Q1 25 | -79.6% | -76.9% | ||
| Q4 24 | 41.5% | -91.6% | ||
| Q3 24 | -359.9% | -506.3% | ||
| Q2 24 | -41.5% | -1712.6% | ||
| Q1 24 | 82.9% | -283.9% |
| Q4 25 | $-1.91 | $-4.40 | ||
| Q3 25 | $-0.01 | $-2.84 | ||
| Q2 25 | $-0.12 | $-1.79 | ||
| Q1 25 | $-0.11 | $-0.15 | ||
| Q4 24 | $0.04 | $-15.29 | ||
| Q3 24 | $-0.26 | $-18.24 | ||
| Q2 24 | $-0.05 | $-71.81 | ||
| Q1 24 | $0.13 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $-249.4M |
| Total Assets | $4.3B | $308.9M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $48.9M | ||
| Q3 25 | $1.2B | $43.1M | ||
| Q2 25 | $62.7M | $40.8M | ||
| Q1 25 | $23.2M | $58.6M | ||
| Q4 24 | $5.6M | $56.3M | ||
| Q3 24 | $25.3M | $75.4M | ||
| Q2 24 | $122.6M | $89.6M | ||
| Q1 24 | $88.7M | $112.8M |
| 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 | $-249.4M | ||
| Q3 25 | $783.2M | $-235.7M | ||
| Q2 25 | $748.9M | $-214.1M | ||
| Q1 25 | $734.8M | $-417.5M | ||
| Q4 24 | $682.0M | $-398.4M | ||
| Q3 24 | $672.0M | $-344.1M | ||
| Q2 24 | $690.8M | $-203.2M | ||
| Q1 24 | $600.9M | $371.6M |
| Q4 25 | $4.3B | $308.9M | ||
| Q3 25 | $2.8B | $362.6M | ||
| Q2 25 | $1.0B | $379.2M | ||
| Q1 25 | $913.8M | $405.1M | ||
| Q4 24 | $855.4M | $437.4M | ||
| Q3 24 | $775.4M | $537.8M | ||
| Q2 24 | $775.6M | $691.5M | ||
| Q1 24 | $677.1M | $1.3B |
| 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 | $8.2M |
| Free Cash FlowOCF − Capex | $-695.9M | — |
| FCF MarginFCF / Revenue | -1165.4% | — |
| Capex IntensityCapex / Revenue | 817.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $8.2M | ||
| Q3 25 | $-50.1M | $11.4M | ||
| Q2 25 | $-56.2M | $-21.3M | ||
| Q1 25 | $-47.2M | $8.5M | ||
| Q4 24 | $-87.5M | $-14.7M | ||
| Q3 24 | $-6.5M | $-9.4M | ||
| Q2 24 | $-25.4M | $-11.9M | ||
| Q1 24 | $-26.6M | $-621.0K |
| Q4 25 | $-695.9M | — | ||
| Q3 25 | $-256.2M | — | ||
| Q2 25 | $-87.5M | — | ||
| Q1 25 | $-71.8M | — | ||
| Q4 24 | $-227.0M | — | ||
| Q3 24 | $-83.2M | — | ||
| Q2 24 | $-33.2M | — | ||
| Q1 24 | $-34.5M | — |
| Q4 25 | -1165.4% | — | ||
| Q3 25 | -357.3% | — | ||
| Q2 25 | -200.9% | — | ||
| Q1 25 | -146.7% | — | ||
| Q4 24 | -537.6% | — | ||
| Q3 24 | -345.0% | — | ||
| Q2 24 | -90.2% | — | ||
| Q1 24 | -71.7% | — |
| Q4 25 | 817.1% | — | ||
| Q3 25 | 287.5% | — | ||
| Q2 25 | 71.8% | — | ||
| Q1 25 | 50.2% | — | ||
| Q4 24 | 330.4% | — | ||
| Q3 24 | 317.8% | — | ||
| Q2 24 | 21.4% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| 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.
