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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $59.7M, roughly 1.7× Cipher Mining Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -1229.6%, a 1239.9% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 21.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-695.9M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
CIFR vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $103.6M |
| Net Profit | $-734.2M | $10.6M |
| Gross Margin | 59.4% | 78.2% |
| Operating Margin | -503.4% | 18.1% |
| Net Margin | -1229.6% | 10.3% |
| Revenue YoY | 41.4% | 21.0% |
| Net Profit YoY | -4293.1% | 9.4% |
| EPS (diluted) | $-1.91 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $71.7M | $85.8M | ||
| Q2 25 | $43.6M | $78.9M | ||
| Q1 25 | $49.0M | $61.3M | ||
| Q4 24 | $42.2M | $85.6M | ||
| Q3 24 | $24.1M | $73.1M | ||
| Q2 24 | $36.8M | $73.2M | ||
| Q1 24 | $48.1M | $61.1M |
| Q4 25 | $-734.2M | $10.6M | ||
| Q3 25 | $-3.3M | $8.2M | ||
| Q2 25 | $-45.8M | $3.2M | ||
| Q1 25 | $-39.0M | $-3.0M | ||
| Q4 24 | $17.5M | $9.7M | ||
| Q3 24 | $-86.8M | $5.2M | ||
| Q2 24 | $-15.3M | $4.3M | ||
| Q1 24 | $39.9M | $-2.2M |
| Q4 25 | 59.4% | 78.2% | ||
| Q3 25 | 62.7% | 75.8% | ||
| Q2 25 | 64.8% | 74.5% | ||
| Q1 25 | 69.6% | 74.0% | ||
| Q4 24 | 56.9% | 75.2% | ||
| Q3 24 | 37.5% | 75.0% | ||
| Q2 24 | 61.2% | 73.9% | ||
| Q1 24 | 69.2% | 71.1% |
| Q4 25 | -503.4% | 18.1% | ||
| Q3 25 | -52.5% | 12.8% | ||
| Q2 25 | -103.9% | 5.2% | ||
| Q1 25 | -77.8% | -7.4% | ||
| Q4 24 | 40.5% | 14.6% | ||
| Q3 24 | -379.2% | 9.3% | ||
| Q2 24 | -43.9% | 8.0% | ||
| Q1 24 | 97.2% | -4.9% |
| Q4 25 | -1229.6% | 10.3% | ||
| Q3 25 | -4.6% | 9.6% | ||
| Q2 25 | -105.1% | 4.1% | ||
| Q1 25 | -79.6% | -4.9% | ||
| Q4 24 | 41.5% | 11.4% | ||
| Q3 24 | -359.9% | 7.1% | ||
| Q2 24 | -41.5% | 5.9% | ||
| Q1 24 | 82.9% | -3.6% |
| Q4 25 | $-1.91 | $0.45 | ||
| Q3 25 | $-0.01 | $0.36 | ||
| Q2 25 | $-0.12 | $0.14 | ||
| Q1 25 | $-0.11 | $-0.13 | ||
| Q4 24 | $0.04 | $0.40 | ||
| Q3 24 | $-0.26 | $0.21 | ||
| Q2 24 | $-0.05 | $0.18 | ||
| Q1 24 | $0.13 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $2.7B | $0 |
| Stockholders' EquityBook value | $805.5M | $218.9M |
| Total Assets | $4.3B | $273.9M |
| Debt / EquityLower = less leverage | 3.37× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $83.4M | ||
| Q3 25 | $1.2B | $66.0M | ||
| Q2 25 | $62.7M | $81.5M | ||
| Q1 25 | $23.2M | $83.6M | ||
| Q4 24 | $5.6M | $94.4M | ||
| Q3 24 | $25.3M | $82.1M | ||
| Q2 24 | $122.6M | $73.6M | ||
| Q1 24 | $88.7M | $60.7M |
| Q4 25 | $2.7B | $0 | ||
| Q3 25 | $1.0B | $0 | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $805.5M | $218.9M | ||
| Q3 25 | $783.2M | $204.9M | ||
| Q2 25 | $748.9M | $194.9M | ||
| Q1 25 | $734.8M | $205.6M | ||
| Q4 24 | $682.0M | $216.6M | ||
| Q3 24 | $672.0M | $207.9M | ||
| Q2 24 | $690.8M | $200.7M | ||
| Q1 24 | $600.9M | $193.5M |
| Q4 25 | $4.3B | $273.9M | ||
| Q3 25 | $2.8B | $259.2M | ||
| Q2 25 | $1.0B | $273.0M | ||
| Q1 25 | $913.8M | $280.2M | ||
| Q4 24 | $855.4M | $297.9M | ||
| Q3 24 | $775.4M | $287.7M | ||
| Q2 24 | $775.6M | $278.8M | ||
| Q1 24 | $677.1M | $272.0M |
| Q4 25 | 3.37× | 0.00× | ||
| Q3 25 | 1.31× | 0.00× | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-695.9M | $16.8M |
| FCF MarginFCF / Revenue | -1165.4% | 16.2% |
| Capex IntensityCapex / Revenue | 817.1% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $17.3M | ||
| Q3 25 | $-50.1M | $10.3M | ||
| Q2 25 | $-56.2M | $14.8M | ||
| Q1 25 | $-47.2M | $417.0K | ||
| Q4 24 | $-87.5M | $16.3M | ||
| Q3 24 | $-6.5M | $10.3M | ||
| Q2 24 | $-25.4M | $13.1M | ||
| Q1 24 | $-26.6M | $924.0K |
| Q4 25 | $-695.9M | $16.8M | ||
| Q3 25 | $-256.2M | $9.2M | ||
| Q2 25 | $-87.5M | $14.4M | ||
| Q1 25 | $-71.8M | $38.0K | ||
| Q4 24 | $-227.0M | $15.9M | ||
| Q3 24 | $-83.2M | $9.3M | ||
| Q2 24 | $-33.2M | $12.6M | ||
| Q1 24 | $-34.5M | $442.0K |
| Q4 25 | -1165.4% | 16.2% | ||
| Q3 25 | -357.3% | 10.8% | ||
| Q2 25 | -200.9% | 18.2% | ||
| Q1 25 | -146.7% | 0.1% | ||
| Q4 24 | -537.6% | 18.5% | ||
| Q3 24 | -345.0% | 12.7% | ||
| Q2 24 | -90.2% | 17.3% | ||
| Q1 24 | -71.7% | 0.7% |
| Q4 25 | 817.1% | 0.5% | ||
| Q3 25 | 287.5% | 1.3% | ||
| Q2 25 | 71.8% | 0.5% | ||
| Q1 25 | 50.2% | 0.6% | ||
| Q4 24 | 330.4% | 0.5% | ||
| Q3 24 | 317.8% | 1.3% | ||
| Q2 24 | 21.4% | 0.7% | ||
| Q1 24 | 16.4% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| 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.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
