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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $59.7M, roughly 1.3× Cipher Mining Inc.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -1229.6%, a 1237.0% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 25.5%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $-695.9M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs 11.4%).

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

CIFR vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.3× larger
VMD
$76.2M
$59.7M
CIFR
Growing faster (revenue YoY)
CIFR
CIFR
+15.9% gap
CIFR
41.4%
25.5%
VMD
Higher net margin
VMD
VMD
1237.0% more per $
VMD
7.4%
-1229.6%
CIFR
More free cash flow
VMD
VMD
$705.6M more FCF
VMD
$9.7M
$-695.9M
CIFR
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
11.4%
CIFR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIFR
CIFR
VMD
VMD
Revenue
$59.7M
$76.2M
Net Profit
$-734.2M
$5.6M
Gross Margin
59.4%
57.9%
Operating Margin
-503.4%
11.0%
Net Margin
-1229.6%
7.4%
Revenue YoY
41.4%
25.5%
Net Profit YoY
-4293.1%
30.7%
EPS (diluted)
$-1.91
$0.14

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.

Revenue
CIFR
CIFR
VMD
VMD
Q4 25
$59.7M
$76.2M
Q3 25
$71.7M
$71.9M
Q2 25
$43.6M
$63.1M
Q1 25
$49.0M
$59.1M
Q4 24
$42.2M
$60.7M
Q3 24
$24.1M
$58.0M
Q2 24
$36.8M
$55.0M
Q1 24
$48.1M
$50.6M
Net Profit
CIFR
CIFR
VMD
VMD
Q4 25
$-734.2M
$5.6M
Q3 25
$-3.3M
$3.5M
Q2 25
$-45.8M
$3.2M
Q1 25
$-39.0M
$2.6M
Q4 24
$17.5M
$4.3M
Q3 24
$-86.8M
$3.9M
Q2 24
$-15.3M
$1.5M
Q1 24
$39.9M
$1.6M
Gross Margin
CIFR
CIFR
VMD
VMD
Q4 25
59.4%
57.9%
Q3 25
62.7%
57.5%
Q2 25
64.8%
58.3%
Q1 25
69.6%
56.3%
Q4 24
56.9%
59.5%
Q3 24
37.5%
59.3%
Q2 24
61.2%
59.8%
Q1 24
69.2%
58.9%
Operating Margin
CIFR
CIFR
VMD
VMD
Q4 25
-503.4%
11.0%
Q3 25
-52.5%
7.8%
Q2 25
-103.9%
8.1%
Q1 25
-77.8%
6.5%
Q4 24
40.5%
10.6%
Q3 24
-379.2%
9.7%
Q2 24
-43.9%
6.6%
Q1 24
97.2%
4.4%
Net Margin
CIFR
CIFR
VMD
VMD
Q4 25
-1229.6%
7.4%
Q3 25
-4.6%
4.9%
Q2 25
-105.1%
5.0%
Q1 25
-79.6%
4.4%
Q4 24
41.5%
7.1%
Q3 24
-359.9%
6.7%
Q2 24
-41.5%
2.7%
Q1 24
82.9%
3.2%
EPS (diluted)
CIFR
CIFR
VMD
VMD
Q4 25
$-1.91
$0.14
Q3 25
$-0.01
$0.09
Q2 25
$-0.12
$0.08
Q1 25
$-0.11
$0.06
Q4 24
$0.04
$0.10
Q3 24
$-0.26
$0.10
Q2 24
$-0.05
$0.04
Q1 24
$0.13
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIFR
CIFR
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$628.3M
$13.5M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$805.5M
$141.5M
Total Assets
$4.3B
$199.2M
Debt / EquityLower = less leverage
3.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
VMD
VMD
Q4 25
$628.3M
$13.5M
Q3 25
$1.2B
$11.1M
Q2 25
$62.7M
$20.0M
Q1 25
$23.2M
$10.2M
Q4 24
$5.6M
$17.5M
Q3 24
$25.3M
$11.3M
Q2 24
$122.6M
$8.8M
Q1 24
$88.7M
$7.3M
Total Debt
CIFR
CIFR
VMD
VMD
Q4 25
$2.7B
Q3 25
$1.0B
Q2 25
$167.1M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CIFR
CIFR
VMD
VMD
Q4 25
$805.5M
$141.5M
Q3 25
$783.2M
$133.6M
Q2 25
$748.9M
$139.7M
Q1 25
$734.8M
$134.8M
Q4 24
$682.0M
$131.4M
Q3 24
$672.0M
$125.0M
Q2 24
$690.8M
$119.4M
Q1 24
$600.9M
$116.3M
Total Assets
CIFR
CIFR
VMD
VMD
Q4 25
$4.3B
$199.2M
Q3 25
$2.8B
$202.4M
Q2 25
$1.0B
$184.6M
Q1 25
$913.8M
$178.1M
Q4 24
$855.4M
$177.1M
Q3 24
$775.4M
$169.5M
Q2 24
$775.6M
$163.9M
Q1 24
$677.1M
$154.9M
Debt / Equity
CIFR
CIFR
VMD
VMD
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
CIFR
CIFR
VMD
VMD
Operating Cash FlowLast quarter
$-207.9M
$18.4M
Free Cash FlowOCF − Capex
$-695.9M
$9.7M
FCF MarginFCF / Revenue
-1165.4%
12.7%
Capex IntensityCapex / Revenue
817.1%
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$-1.1B
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
VMD
VMD
Q4 25
$-207.9M
$18.4M
Q3 25
$-50.1M
$18.4M
Q2 25
$-56.2M
$12.3M
Q1 25
$-47.2M
$2.9M
Q4 24
$-87.5M
$15.0M
Q3 24
$-6.5M
$12.7M
Q2 24
$-25.4M
$10.2M
Q1 24
$-26.6M
$1.2M
Free Cash Flow
CIFR
CIFR
VMD
VMD
Q4 25
$-695.9M
$9.7M
Q3 25
$-256.2M
$10.7M
Q2 25
$-87.5M
$4.1M
Q1 25
$-71.8M
$-12.6M
Q4 24
$-227.0M
$3.2M
Q3 24
$-83.2M
$1.7M
Q2 24
$-33.2M
$1.2M
Q1 24
$-34.5M
$-4.8M
FCF Margin
CIFR
CIFR
VMD
VMD
Q4 25
-1165.4%
12.7%
Q3 25
-357.3%
14.9%
Q2 25
-200.9%
6.5%
Q1 25
-146.7%
-21.4%
Q4 24
-537.6%
5.2%
Q3 24
-345.0%
3.0%
Q2 24
-90.2%
2.3%
Q1 24
-71.7%
-9.5%
Capex Intensity
CIFR
CIFR
VMD
VMD
Q4 25
817.1%
11.5%
Q3 25
287.5%
10.6%
Q2 25
71.8%
12.9%
Q1 25
50.2%
26.2%
Q4 24
330.4%
19.5%
Q3 24
317.8%
19.0%
Q2 24
21.4%
16.3%
Q1 24
16.4%
11.9%
Cash Conversion
CIFR
CIFR
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
3.88×
Q1 25
1.09×
Q4 24
-5.00×
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
-0.67×
0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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