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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $30.3M, roughly 2.0× SYPRIS SOLUTIONS INC). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -1229.6%, a 1216.7% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -9.5%). SYPRIS SOLUTIONS INC produced more free cash flow last quarter ($-1.5M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -7.7%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
CIFR vs SYPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $30.3M |
| Net Profit | $-734.2M | $-3.9M |
| Gross Margin | 59.4% | 4.6% |
| Operating Margin | -503.4% | -10.9% |
| Net Margin | -1229.6% | -12.9% |
| Revenue YoY | 41.4% | -9.5% |
| Net Profit YoY | -4293.1% | -2992.6% |
| EPS (diluted) | $-1.91 | $-0.17 |
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 | $30.3M | ||
| Q3 25 | $71.7M | $28.7M | ||
| Q2 25 | $43.6M | $31.4M | ||
| Q1 25 | $49.0M | $29.5M | ||
| Q4 24 | $42.2M | $33.4M | ||
| Q3 24 | $24.1M | $35.7M | ||
| Q2 24 | $36.8M | $35.5M | ||
| Q1 24 | $48.1M | $35.6M |
| Q4 25 | $-734.2M | $-3.9M | ||
| Q3 25 | $-3.3M | $517.0K | ||
| Q2 25 | $-45.8M | $-2.1M | ||
| Q1 25 | $-39.0M | $-899.0K | ||
| Q4 24 | $17.5M | $135.0K | ||
| Q3 24 | $-86.8M | $390.0K | ||
| Q2 24 | $-15.3M | $16.0K | ||
| Q1 24 | $39.9M | $-2.2M |
| Q4 25 | 59.4% | 4.6% | ||
| Q3 25 | 62.7% | 7.2% | ||
| Q2 25 | 64.8% | 8.2% | ||
| Q1 25 | 69.6% | 11.4% | ||
| Q4 24 | 56.9% | 16.1% | ||
| Q3 24 | 37.5% | 16.8% | ||
| Q2 24 | 61.2% | 15.9% | ||
| Q1 24 | 69.2% | 8.1% |
| Q4 25 | -503.4% | -10.9% | ||
| Q3 25 | -52.5% | -6.1% | ||
| Q2 25 | -103.9% | -4.6% | ||
| Q1 25 | -77.8% | -0.4% | ||
| Q4 24 | 40.5% | 3.9% | ||
| Q3 24 | -379.2% | 4.8% | ||
| Q2 24 | -43.9% | 3.6% | ||
| Q1 24 | 97.2% | -3.9% |
| Q4 25 | -1229.6% | -12.9% | ||
| Q3 25 | -4.6% | 1.8% | ||
| Q2 25 | -105.1% | -6.5% | ||
| Q1 25 | -79.6% | -3.0% | ||
| Q4 24 | 41.5% | 0.4% | ||
| Q3 24 | -359.9% | 1.1% | ||
| Q2 24 | -41.5% | 0.0% | ||
| Q1 24 | 82.9% | -6.2% |
| Q4 25 | $-1.91 | $-0.17 | ||
| Q3 25 | $-0.01 | $0.02 | ||
| Q2 25 | $-0.12 | $-0.09 | ||
| Q1 25 | $-0.11 | $-0.04 | ||
| Q4 24 | $0.04 | $0.00 | ||
| Q3 24 | $-0.26 | $0.02 | ||
| Q2 24 | $-0.05 | $0.00 | ||
| Q1 24 | $0.13 | $-0.10 |
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 | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $17.8M |
| Total Assets | $4.3B | $107.8M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $23.2M | — | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $25.3M | — | ||
| Q2 24 | $122.6M | — | ||
| Q1 24 | $88.7M | — |
| 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 | $17.8M | ||
| Q3 25 | $783.2M | $20.0M | ||
| Q2 25 | $748.9M | $18.7M | ||
| Q1 25 | $734.8M | $19.0M | ||
| Q4 24 | $682.0M | $19.6M | ||
| Q3 24 | $672.0M | $18.2M | ||
| Q2 24 | $690.8M | $19.0M | ||
| Q1 24 | $600.9M | $20.8M |
| Q4 25 | $4.3B | $107.8M | ||
| Q3 25 | $2.8B | $112.5M | ||
| Q2 25 | $1.0B | $105.8M | ||
| Q1 25 | $913.8M | $110.2M | ||
| Q4 24 | $855.4M | $119.4M | ||
| Q3 24 | $775.4M | $121.6M | ||
| Q2 24 | $775.6M | $124.2M | ||
| Q1 24 | $677.1M | $129.0M |
| 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 | $-1.5M |
| FCF MarginFCF / Revenue | -1165.4% | -5.0% |
| Capex IntensityCapex / Revenue | 817.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-1.1M | ||
| Q3 25 | $-50.1M | $-178.0K | ||
| Q2 25 | $-56.2M | $1.1M | ||
| Q1 25 | $-47.2M | $-5.5M | ||
| Q4 24 | $-87.5M | $2.3M | ||
| Q3 24 | $-6.5M | $-4.8M | ||
| Q2 24 | $-25.4M | $6.2M | ||
| Q1 24 | $-26.6M | $-1.7M |
| Q4 25 | $-695.9M | $-1.5M | ||
| Q3 25 | $-256.2M | $-390.0K | ||
| Q2 25 | $-87.5M | $941.0K | ||
| Q1 25 | $-71.8M | $-5.5M | ||
| Q4 24 | $-227.0M | $1.9M | ||
| Q3 24 | $-83.2M | $-4.9M | ||
| Q2 24 | $-33.2M | $6.0M | ||
| Q1 24 | $-34.5M | $-2.0M |
| Q4 25 | -1165.4% | -5.0% | ||
| Q3 25 | -357.3% | -1.4% | ||
| Q2 25 | -200.9% | 3.0% | ||
| Q1 25 | -146.7% | -18.8% | ||
| Q4 24 | -537.6% | 5.7% | ||
| Q3 24 | -345.0% | -13.8% | ||
| Q2 24 | -90.2% | 16.8% | ||
| Q1 24 | -71.7% | -5.7% |
| Q4 25 | 817.1% | 1.3% | ||
| Q3 25 | 287.5% | 0.7% | ||
| Q2 25 | 71.8% | 0.5% | ||
| Q1 25 | 50.2% | 0.0% | ||
| Q4 24 | 330.4% | 1.2% | ||
| Q3 24 | 317.8% | 0.4% | ||
| Q2 24 | 21.4% | 0.5% | ||
| Q1 24 | 16.4% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | 17.13× | ||
| Q3 24 | — | -12.21× | ||
| Q2 24 | — | 385.25× | ||
| 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.
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
