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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $59.7M, roughly 1.4× Cipher Mining Inc.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -1229.6%, a 1232.8% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 6.2%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 6.3%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
CIFR vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $85.1M |
| Net Profit | $-734.2M | $2.7M |
| Gross Margin | 59.4% | 49.2% |
| Operating Margin | -503.4% | 6.4% |
| Net Margin | -1229.6% | 3.2% |
| Revenue YoY | 41.4% | 6.2% |
| Net Profit YoY | -4293.1% | -37.3% |
| EPS (diluted) | $-1.91 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $71.7M | $73.2M | ||
| Q2 25 | $43.6M | $57.9M | ||
| Q1 25 | $49.0M | $80.0M | ||
| Q4 24 | $42.2M | $80.2M | ||
| Q3 24 | $24.1M | $74.2M | ||
| Q2 24 | $36.8M | $59.2M | ||
| Q1 24 | $48.1M | $75.3M |
| Q4 25 | $-734.2M | $2.7M | ||
| Q3 25 | $-3.3M | $12.1M | ||
| Q2 25 | $-45.8M | $-4.8M | ||
| Q1 25 | $-39.0M | $-28.3M | ||
| Q4 24 | $17.5M | $4.3M | ||
| Q3 24 | $-86.8M | $569.0K | ||
| Q2 24 | $-15.3M | $4.4M | ||
| Q1 24 | $39.9M | $-4.7M |
| Q4 25 | 59.4% | 49.2% | ||
| Q3 25 | 62.7% | 50.4% | ||
| Q2 25 | 64.8% | 50.3% | ||
| Q1 25 | 69.6% | 50.1% | ||
| Q4 24 | 56.9% | 50.0% | ||
| Q3 24 | 37.5% | 47.4% | ||
| Q2 24 | 61.2% | 50.6% | ||
| Q1 24 | 69.2% | 45.4% |
| Q4 25 | -503.4% | 6.4% | ||
| Q3 25 | -52.5% | 15.2% | ||
| Q2 25 | -103.9% | -7.7% | ||
| Q1 25 | -77.8% | -37.1% | ||
| Q4 24 | 40.5% | 7.2% | ||
| Q3 24 | -379.2% | 1.5% | ||
| Q2 24 | -43.9% | 9.5% | ||
| Q1 24 | 97.2% | -2.2% |
| Q4 25 | -1229.6% | 3.2% | ||
| Q3 25 | -4.6% | 16.5% | ||
| Q2 25 | -105.1% | -8.3% | ||
| Q1 25 | -79.6% | -35.5% | ||
| Q4 24 | 41.5% | 5.4% | ||
| Q3 24 | -359.9% | 0.8% | ||
| Q2 24 | -41.5% | 7.4% | ||
| Q1 24 | 82.9% | -6.2% |
| Q4 25 | $-1.91 | $0.21 | ||
| Q3 25 | $-0.01 | $0.93 | ||
| Q2 25 | $-0.12 | $-0.37 | ||
| Q1 25 | $-0.11 | $-2.25 | ||
| Q4 24 | $0.04 | $0.34 | ||
| Q3 24 | $-0.26 | $0.05 | ||
| Q2 24 | $-0.05 | $0.35 | ||
| Q1 24 | $0.13 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $53.4M |
| Total Assets | $4.3B | $246.0M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $1.1M | ||
| Q3 25 | $1.2B | $777.0K | ||
| Q2 25 | $62.7M | $2.6M | ||
| Q1 25 | $23.2M | $607.0K | ||
| Q4 24 | $5.6M | $892.0K | ||
| Q3 24 | $25.3M | $711.0K | ||
| Q2 24 | $122.6M | $739.0K | ||
| Q1 24 | $88.7M | $357.0K |
| 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 | $53.4M | ||
| Q3 25 | $783.2M | $49.3M | ||
| Q2 25 | $748.9M | $37.2M | ||
| Q1 25 | $734.8M | $41.8M | ||
| Q4 24 | $682.0M | $57.1M | ||
| Q3 24 | $672.0M | $52.4M | ||
| Q2 24 | $690.8M | $51.7M | ||
| Q1 24 | $600.9M | $47.2M |
| Q4 25 | $4.3B | $246.0M | ||
| Q3 25 | $2.8B | $239.0M | ||
| Q2 25 | $1.0B | $218.0M | ||
| Q1 25 | $913.8M | $222.7M | ||
| Q4 24 | $855.4M | $254.7M | ||
| Q3 24 | $775.4M | $253.6M | ||
| Q2 24 | $775.6M | $223.1M | ||
| Q1 24 | $677.1M | $225.1M |
| 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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-695.9M | $-5.7M |
| FCF MarginFCF / Revenue | -1165.4% | -6.7% |
| Capex IntensityCapex / Revenue | 817.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $-5.1M | ||
| Q3 25 | $-50.1M | $4.2M | ||
| Q2 25 | $-56.2M | $-11.8M | ||
| Q1 25 | $-47.2M | $22.7M | ||
| Q4 24 | $-87.5M | $6.4M | ||
| Q3 24 | $-6.5M | $-3.2M | ||
| Q2 24 | $-25.4M | $-3.9M | ||
| Q1 24 | $-26.6M | $14.8M |
| Q4 25 | $-695.9M | $-5.7M | ||
| Q3 25 | $-256.2M | $2.1M | ||
| Q2 25 | $-87.5M | $-13.2M | ||
| Q1 25 | $-71.8M | $21.2M | ||
| Q4 24 | $-227.0M | $5.1M | ||
| Q3 24 | $-83.2M | $-3.9M | ||
| Q2 24 | $-33.2M | $-4.6M | ||
| Q1 24 | $-34.5M | $14.2M |
| Q4 25 | -1165.4% | -6.7% | ||
| Q3 25 | -357.3% | 2.9% | ||
| Q2 25 | -200.9% | -22.9% | ||
| Q1 25 | -146.7% | 26.5% | ||
| Q4 24 | -537.6% | 6.4% | ||
| Q3 24 | -345.0% | -5.2% | ||
| Q2 24 | -90.2% | -7.8% | ||
| Q1 24 | -71.7% | 18.9% |
| Q4 25 | 817.1% | 0.7% | ||
| Q3 25 | 287.5% | 2.9% | ||
| Q2 25 | 71.8% | 2.5% | ||
| Q1 25 | 50.2% | 1.9% | ||
| Q4 24 | 330.4% | 1.6% | ||
| Q3 24 | 317.8% | 0.9% | ||
| Q2 24 | 21.4% | 1.3% | ||
| Q1 24 | 16.4% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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.
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
