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Cipher Mining Inc.（CIFR）与GRID DYNAMICS HOLDINGS, INC.（GDYN）财务数据对比。点击上方公司名可切换其他公司
GRID DYNAMICS HOLDINGS, INC.的季度营收约是Cipher Mining Inc.的1.8倍（$106.2M vs $59.7M），GRID DYNAMICS HOLDINGS, INC.净利率更高（0.3% vs -1229.6%，领先1229.9%），Cipher Mining Inc.同比增速更快（41.4% vs 5.9%），GRID DYNAMICS HOLDINGS, INC.自由现金流更多（$6.1M vs $-695.9M），过去两年GRID DYNAMICS HOLDINGS, INC.的营收复合增速更高（15.3% vs 11.4%）
Cipher Mining Inc.是总部位于美国的比特币挖矿生态运营企业，当前正全力发展加密货币相关业务，深耕加密行业上游基础设施赛道，依托技术及合规优势构建稳定高效的挖矿服务体系。
Escape Dynamics Inc.是一家总部位于科罗拉多州的科技企业，活跃于2010年至2015年，核心业务方向是研发可单级入轨、依靠电磁驱动的可重复使用航天飞机，并推动该项目实现商业化落地。
CIFR vs GDYN — 直观对比
营收规模更大
GDYN
是对方的1.8倍
$59.7M
营收增速更快
CIFR
高出35.6%
5.9%
净利率更高
GDYN
高出1229.9%
-1229.6%
自由现金流更多
GDYN
多$702.0M
$-695.9M
两年增速更快
GDYN
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $106.2M |
| 净利润 | $-734.2M | $306.0K |
| 毛利率 | 59.4% | 34.0% |
| 营业利润率 | -503.4% | 0.5% |
| 净利率 | -1229.6% | 0.3% |
| 营收同比 | 41.4% | 5.9% |
| 净利润同比 | -4293.1% | -93.2% |
| 每股收益（稀释后） | $-1.91 | $0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CIFRGDYN
| Q4 25 | $59.7M | $106.2M | ||
| Q3 25 | $71.7M | $104.2M | ||
| Q2 25 | $43.6M | $101.1M | ||
| Q1 25 | $49.0M | $100.4M | ||
| Q4 24 | $42.2M | $100.3M | ||
| Q3 24 | $24.1M | $87.4M | ||
| Q2 24 | $36.8M | $83.0M | ||
| Q1 24 | $48.1M | $79.8M |
净利润CIFRGDYN
| Q4 25 | $-734.2M | $306.0K | ||
| Q3 25 | $-3.3M | $1.2M | ||
| Q2 25 | $-45.8M | $5.3M | ||
| Q1 25 | $-39.0M | $2.9M | ||
| Q4 24 | $17.5M | $4.5M | ||
| Q3 24 | $-86.8M | $4.3M | ||
| Q2 24 | $-15.3M | $-817.0K | ||
| Q1 24 | $39.9M | $-3.9M |
毛利率CIFRGDYN
| Q4 25 | 59.4% | 34.0% | ||
| Q3 25 | 62.7% | 33.3% | ||
| Q2 25 | 64.8% | 34.1% | ||
| Q1 25 | 69.6% | 36.8% | ||
| Q4 24 | 56.9% | 36.9% | ||
| Q3 24 | 37.5% | 37.4% | ||
| Q2 24 | 61.2% | 35.6% | ||
| Q1 24 | 69.2% | 34.7% |
营业利润率CIFRGDYN
| Q4 25 | -503.4% | 0.5% | ||
| Q3 25 | -52.5% | -0.2% | ||
| Q2 25 | -103.9% | -0.1% | ||
| Q1 25 | -77.8% | -2.0% | ||
| Q4 24 | 40.5% | 1.3% | ||
| Q3 24 | -379.2% | 2.4% | ||
| Q2 24 | -43.9% | 0.0% | ||
| Q1 24 | 97.2% | -6.9% |
净利率CIFRGDYN
| Q4 25 | -1229.6% | 0.3% | ||
| Q3 25 | -4.6% | 1.1% | ||
| Q2 25 | -105.1% | 5.2% | ||
| Q1 25 | -79.6% | 2.9% | ||
| Q4 24 | 41.5% | 4.5% | ||
| Q3 24 | -359.9% | 4.9% | ||
| Q2 24 | -41.5% | -1.0% | ||
| Q1 24 | 82.9% | -4.9% |
每股收益（稀释后）CIFRGDYN
| Q4 25 | $-1.91 | $0.01 | ||
| Q3 25 | $-0.01 | $0.01 | ||
| Q2 25 | $-0.12 | $0.06 | ||
| Q1 25 | $-0.11 | $0.03 | ||
| Q4 24 | $0.04 | $0.06 | ||
| Q3 24 | $-0.26 | $0.05 | ||
| Q2 24 | $-0.05 | $-0.01 | ||
| Q1 24 | $0.13 | $-0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $628.3M | $342.1M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $805.5M | $542.1M |
| 总资产 | $4.3B | $612.9M |
| 负债/权益比越低杠杆越低 | 3.37× | — |
8季度趋势，按日历期对齐
现金及短期投资CIFRGDYN
| Q4 25 | $628.3M | $342.1M | ||
| Q3 25 | $1.2B | $338.6M | ||
| Q2 25 | $62.7M | $336.8M | ||
| Q1 25 | $23.2M | $325.5M | ||
| Q4 24 | $5.6M | $334.7M | ||
| Q3 24 | $25.3M | $231.3M | ||
| Q2 24 | $122.6M | $256.0M | ||
| Q1 24 | $88.7M | $249.4M |
总债务CIFRGDYN
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CIFRGDYN
| Q4 25 | $805.5M | $542.1M | ||
| Q3 25 | $783.2M | $537.7M | ||
| Q2 25 | $748.9M | $532.2M | ||
| Q1 25 | $734.8M | $517.4M | ||
| Q4 24 | $682.0M | $517.8M | ||
| Q3 24 | $672.0M | $400.2M | ||
| Q2 24 | $690.8M | $388.4M | ||
| Q1 24 | $600.9M | $382.8M |
总资产CIFRGDYN
| Q4 25 | $4.3B | $612.9M | ||
| Q3 25 | $2.8B | $613.2M | ||
| Q2 25 | $1.0B | $608.9M | ||
| Q1 25 | $913.8M | $590.9M | ||
| Q4 24 | $855.4M | $592.2M | ||
| Q3 24 | $775.4M | $477.3M | ||
| Q2 24 | $775.6M | $443.6M | ||
| Q1 24 | $677.1M | $435.3M |
负债/权益比CIFRGDYN
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-207.9M | $9.9M |
| 自由现金流经营现金流 - 资本支出 | $-695.9M | $6.1M |
| 自由现金流率自由现金流/营收 | -1165.4% | 5.7% |
| 资本支出强度资本支出/营收 | 817.1% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 32.34× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $25.3M |
8季度趋势，按日历期对齐
经营现金流CIFRGDYN
| Q4 25 | $-207.9M | $9.9M | ||
| Q3 25 | $-50.1M | $7.0M | ||
| Q2 25 | $-56.2M | $14.4M | ||
| Q1 25 | $-47.2M | $9.4M | ||
| Q4 24 | $-87.5M | $7.1M | ||
| Q3 24 | $-6.5M | $9.2M | ||
| Q2 24 | $-25.4M | $10.7M | ||
| Q1 24 | $-26.6M | $3.2M |
自由现金流CIFRGDYN
| Q4 25 | $-695.9M | $6.1M | ||
| Q3 25 | $-256.2M | $2.9M | ||
| Q2 25 | $-87.5M | $10.2M | ||
| Q1 25 | $-71.8M | $6.0M | ||
| Q4 24 | $-227.0M | $4.4M | ||
| Q3 24 | $-83.2M | $5.9M | ||
| Q2 24 | $-33.2M | $8.0M | ||
| Q1 24 | $-34.5M | $43.0K |
自由现金流率CIFRGDYN
| Q4 25 | -1165.4% | 5.7% | ||
| Q3 25 | -357.3% | 2.8% | ||
| Q2 25 | -200.9% | 10.1% | ||
| Q1 25 | -146.7% | 6.0% | ||
| Q4 24 | -537.6% | 4.4% | ||
| Q3 24 | -345.0% | 6.8% | ||
| Q2 24 | -90.2% | 9.7% | ||
| Q1 24 | -71.7% | 0.1% |
资本支出强度CIFRGDYN
| Q4 25 | 817.1% | 3.6% | ||
| Q3 25 | 287.5% | 3.9% | ||
| Q2 25 | 71.8% | 4.1% | ||
| Q1 25 | 50.2% | 3.3% | ||
| Q4 24 | 330.4% | 2.6% | ||
| Q3 24 | 317.8% | 3.7% | ||
| Q2 24 | 21.4% | 3.2% | ||
| Q1 24 | 16.4% | 4.0% |
现金转化率CIFRGDYN
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 3.21× | ||
| Q4 24 | -5.00× | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.67× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CIFR
暂无分部数据
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
