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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and BRAND HOUSE COLLECTIVE, INC. (TBHC). Click either name above to swap in a different company.
BRAND HOUSE COLLECTIVE, INC. is the larger business by last-quarter revenue ($103.5M vs $59.7M, roughly 1.7× Cipher Mining Inc.). BRAND HOUSE COLLECTIVE, INC. runs the higher net margin — -3.6% vs -1229.6%, a 1226.0% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs -9.6%). BRAND HOUSE COLLECTIVE, INC. produced more free cash flow last quarter ($-26.8M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -21.0%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
CIFR vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $103.5M |
| Net Profit | $-734.2M | $-3.7M |
| Gross Margin | 59.4% | 20.4% |
| Operating Margin | -503.4% | -1.9% |
| Net Margin | -1229.6% | -3.6% |
| Revenue YoY | 41.4% | -9.6% |
| Net Profit YoY | -4293.1% | 51.8% |
| EPS (diluted) | $-1.91 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $71.7M | $75.8M | ||
| Q2 25 | $43.6M | $81.5M | ||
| Q1 25 | $49.0M | $148.9M | ||
| Q4 24 | $42.2M | $114.4M | ||
| Q3 24 | $24.1M | $86.3M | ||
| Q2 24 | $36.8M | $91.8M | ||
| Q1 24 | $48.1M | $165.9M |
| Q4 25 | $-734.2M | $-3.7M | ||
| Q3 25 | $-3.3M | $-20.2M | ||
| Q2 25 | $-45.8M | $-11.8M | ||
| Q1 25 | $-39.0M | $7.9M | ||
| Q4 24 | $17.5M | $-7.7M | ||
| Q3 24 | $-86.8M | $-14.5M | ||
| Q2 24 | $-15.3M | $-8.8M | ||
| Q1 24 | $39.9M | $10.1M |
| Q4 25 | 59.4% | 20.4% | ||
| Q3 25 | 62.7% | 16.3% | ||
| Q2 25 | 64.8% | 24.9% | ||
| Q1 25 | 69.6% | 30.3% | ||
| Q4 24 | 56.9% | 28.1% | ||
| Q3 24 | 37.5% | 20.5% | ||
| Q2 24 | 61.2% | 29.5% | ||
| Q1 24 | 69.2% | 32.0% |
| Q4 25 | -503.4% | -1.9% | ||
| Q3 25 | -52.5% | -24.7% | ||
| Q2 25 | -103.9% | -12.9% | ||
| Q1 25 | -77.8% | 6.2% | ||
| Q4 24 | 40.5% | -2.1% | ||
| Q3 24 | -379.2% | -15.4% | ||
| Q2 24 | -43.9% | -8.2% | ||
| Q1 24 | 97.2% | 6.4% |
| Q4 25 | -1229.6% | -3.6% | ||
| Q3 25 | -4.6% | -26.6% | ||
| Q2 25 | -105.1% | -14.5% | ||
| Q1 25 | -79.6% | 5.3% | ||
| Q4 24 | 41.5% | -6.7% | ||
| Q3 24 | -359.9% | -16.8% | ||
| Q2 24 | -41.5% | -9.6% | ||
| Q1 24 | 82.9% | 6.1% |
| Q4 25 | $-1.91 | $-0.16 | ||
| Q3 25 | $-0.01 | $-0.90 | ||
| Q2 25 | $-0.12 | $-0.54 | ||
| Q1 25 | $-0.11 | $0.61 | ||
| Q4 24 | $0.04 | $-0.59 | ||
| Q3 24 | $-0.26 | $-1.11 | ||
| Q2 24 | $-0.05 | $-0.68 | ||
| Q1 24 | $0.13 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $-44.0M |
| Total Assets | $4.3B | $229.2M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $6.5M | ||
| Q3 25 | $1.2B | $3.6M | ||
| Q2 25 | $62.7M | $3.5M | ||
| Q1 25 | $23.2M | $3.8M | ||
| Q4 24 | $5.6M | $6.8M | ||
| Q3 24 | $25.3M | $4.5M | ||
| Q2 24 | $122.6M | $3.8M | ||
| Q1 24 | $88.7M | $3.8M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | $0 | $85.8M | ||
| Q3 24 | — | $61.4M | ||
| Q2 24 | — | $47.5M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | $805.5M | $-44.0M | ||
| Q3 25 | $783.2M | $-35.2M | ||
| Q2 25 | $748.9M | $-16.2M | ||
| Q1 25 | $734.8M | $-19.0M | ||
| Q4 24 | $682.0M | $-27.1M | ||
| Q3 24 | $672.0M | $-19.7M | ||
| Q2 24 | $690.8M | $-5.5M | ||
| Q1 24 | $600.9M | $3.1M |
| Q4 25 | $4.3B | $229.2M | ||
| Q3 25 | $2.8B | $221.9M | ||
| Q2 25 | $1.0B | $225.4M | ||
| Q1 25 | $913.8M | $242.2M | ||
| Q4 24 | $855.4M | $279.8M | ||
| Q3 24 | $775.4M | $266.2M | ||
| Q2 24 | $775.6M | $242.6M | ||
| Q1 24 | $677.1M | $250.6M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-695.9M | $-26.8M |
| FCF MarginFCF / Revenue | -1165.4% | -25.9% |
| Capex IntensityCapex / Revenue | 817.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-25.9M | ||
| Q3 25 | $-50.1M | $-7.0M | ||
| Q2 25 | $-56.2M | $-3.1M | ||
| Q1 25 | $-47.2M | $19.8M | ||
| Q4 24 | $-87.5M | $-12.6M | ||
| Q3 24 | $-6.5M | $-12.7M | ||
| Q2 24 | $-25.4M | $-13.7M | ||
| Q1 24 | $-26.6M | $28.2M |
| Q4 25 | $-695.9M | $-26.8M | ||
| Q3 25 | $-256.2M | $-7.4M | ||
| Q2 25 | $-87.5M | $-3.6M | ||
| Q1 25 | $-71.8M | $19.0M | ||
| Q4 24 | $-227.0M | $-13.1M | ||
| Q3 24 | $-83.2M | $-13.2M | ||
| Q2 24 | $-33.2M | $-14.4M | ||
| Q1 24 | $-34.5M | $26.7M |
| Q4 25 | -1165.4% | -25.9% | ||
| Q3 25 | -357.3% | -9.8% | ||
| Q2 25 | -200.9% | -4.5% | ||
| Q1 25 | -146.7% | 12.8% | ||
| Q4 24 | -537.6% | -11.5% | ||
| Q3 24 | -345.0% | -15.2% | ||
| Q2 24 | -90.2% | -15.7% | ||
| Q1 24 | -71.7% | 16.1% |
| Q4 25 | 817.1% | 0.9% | ||
| Q3 25 | 287.5% | 0.6% | ||
| Q2 25 | 71.8% | 0.7% | ||
| Q1 25 | 50.2% | 0.5% | ||
| Q4 24 | 330.4% | 0.4% | ||
| Q3 24 | 317.8% | 0.5% | ||
| Q2 24 | 21.4% | 0.8% | ||
| Q1 24 | 16.4% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.67× | 2.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
