vs
Cipher Mining Inc.（CIFR）与Ouster, Inc.（OUST）财务数据对比。点击上方公司名可切换其他公司
Cipher Mining Inc.的季度营收约是Ouster, Inc.的1.2倍（$59.7M vs $48.6M），Ouster, Inc.净利率更高（8.2% vs -1229.6%，领先1237.8%），Ouster, Inc.同比增速更快（48.9% vs 41.4%），过去两年Ouster, Inc.的营收复合增速更高（34.2% 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。
Ouster, Inc.是总部位于美国加利福尼亚州旧金山的激光雷达技术企业，主打高分辨率数字化3D激光雷达传感器，产品广泛应用于自动驾驶车辆、工业自动化、机器人、无人机、地图测绘、国防及安防等领域。
CIFR vs OUST — 直观对比
营收规模更大
CIFR
是对方的1.2倍
$48.6M
营收增速更快
OUST
高出7.4%
41.4%
净利率更高
OUST
高出1237.8%
-1229.6%
两年增速更快
OUST
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $48.6M |
| 净利润 | $-734.2M | $4.0M |
| 毛利率 | 59.4% | 42.9% |
| 营业利润率 | -503.4% | 17.6% |
| 净利率 | -1229.6% | 8.2% |
| 营收同比 | 41.4% | 48.9% |
| 净利润同比 | -4293.1% | — |
| 每股收益（稀释后） | $-1.91 | $0.06 |
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CIFROUST
| Q1 26 | — | $48.6M | ||
| Q4 25 | $59.7M | $62.2M | ||
| Q3 25 | $71.7M | $39.5M | ||
| Q2 25 | $43.6M | $35.0M | ||
| Q1 25 | $49.0M | $32.6M | ||
| Q4 24 | $42.2M | $30.1M | ||
| Q3 24 | $24.1M | $28.1M | ||
| Q2 24 | $36.8M | $27.0M |
净利润CIFROUST
| Q1 26 | — | $4.0M | ||
| Q4 25 | $-734.2M | — | ||
| Q3 25 | $-3.3M | $-21.7M | ||
| Q2 25 | $-45.8M | $-20.6M | ||
| Q1 25 | $-39.0M | $-22.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $-86.8M | $-25.6M | ||
| Q2 24 | $-15.3M | $-23.9M |
毛利率CIFROUST
| Q1 26 | — | 42.9% | ||
| Q4 25 | 59.4% | 60.2% | ||
| Q3 25 | 62.7% | 42.1% | ||
| Q2 25 | 64.8% | 45.2% | ||
| Q1 25 | 69.6% | 41.3% | ||
| Q4 24 | 56.9% | 43.8% | ||
| Q3 24 | 37.5% | 38.3% | ||
| Q2 24 | 61.2% | 33.7% |
营业利润率CIFROUST
| Q1 26 | — | 17.6% | ||
| Q4 25 | -503.4% | 1.5% | ||
| Q3 25 | -52.5% | -61.4% | ||
| Q2 25 | -103.9% | -76.5% | ||
| Q1 25 | -77.8% | -73.0% | ||
| Q4 24 | 40.5% | -85.1% | ||
| Q3 24 | -379.2% | -98.0% | ||
| Q2 24 | -43.9% | -93.6% |
净利率CIFROUST
| Q1 26 | — | 8.2% | ||
| Q4 25 | -1229.6% | — | ||
| Q3 25 | -4.6% | -55.0% | ||
| Q2 25 | -105.1% | -58.8% | ||
| Q1 25 | -79.6% | -67.5% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | -359.9% | -91.1% | ||
| Q2 24 | -41.5% | -88.4% |
每股收益（稀释后）CIFROUST
| Q1 26 | — | $0.06 | ||
| Q4 25 | $-1.91 | $0.10 | ||
| Q3 25 | $-0.01 | $-0.37 | ||
| Q2 25 | $-0.12 | $-0.38 | ||
| Q1 25 | $-0.11 | $-0.42 | ||
| Q4 24 | $0.04 | $-0.46 | ||
| Q3 24 | $-0.26 | $-0.54 | ||
| Q2 24 | $-0.05 | $-0.53 |
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 | $173.1M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $805.5M | $275.6M |
| 总资产 | $4.3B | $381.5M |
| 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CIFROUST
| Q1 26 | — | $173.1M | ||
| Q4 25 | $628.3M | $208.6M | ||
| Q3 25 | $1.2B | $244.5M | ||
| Q2 25 | $62.7M | $226.5M | ||
| Q1 25 | $23.2M | $168.2M | ||
| Q4 24 | $5.6M | $172.0M | ||
| Q3 24 | $25.3M | $151.4M | ||
| Q2 24 | $122.6M | $184.2M |
总债务CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CIFROUST
| Q1 26 | — | $275.6M | ||
| Q4 25 | $805.5M | $261.7M | ||
| Q3 25 | $783.2M | $247.4M | ||
| Q2 25 | $748.9M | $221.0M | ||
| Q1 25 | $734.8M | $167.9M | ||
| Q4 24 | $682.0M | $180.9M | ||
| Q3 24 | $672.0M | $171.7M | ||
| Q2 24 | $690.8M | $170.6M |
总资产CIFROUST
| Q1 26 | — | $381.5M | ||
| Q4 25 | $4.3B | $349.5M | ||
| Q3 25 | $2.8B | $353.8M | ||
| Q2 25 | $1.0B | $321.8M | ||
| Q1 25 | $913.8M | $268.6M | ||
| Q4 24 | $855.4M | $276.1M | ||
| Q3 24 | $775.4M | $255.2M | ||
| Q2 24 | $775.6M | $309.9M |
负债/权益比CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-695.9M | — |
| 自由现金流率自由现金流/营收 | -1165.4% | — |
| 资本支出强度资本支出/营收 | 817.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | — |
8季度趋势，按日历期对齐
经营现金流CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | $-207.9M | $-15.4M | ||
| Q3 25 | $-50.1M | $-18.3M | ||
| Q2 25 | $-56.2M | $-1.3M | ||
| Q1 25 | $-47.2M | $-4.9M | ||
| Q4 24 | $-87.5M | $-2.6M | ||
| Q3 24 | $-6.5M | $-3.8M | ||
| Q2 24 | $-25.4M | $-21.6M |
自由现金流CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | $-695.9M | $-37.2M | ||
| Q3 25 | $-256.2M | $-20.0M | ||
| Q2 25 | $-87.5M | $-2.2M | ||
| Q1 25 | $-71.8M | $-5.4M | ||
| Q4 24 | $-227.0M | $-4.0M | ||
| Q3 24 | $-83.2M | $-4.3M | ||
| Q2 24 | $-33.2M | $-22.0M |
自由现金流率CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | -1165.4% | -59.8% | ||
| Q3 25 | -357.3% | -50.7% | ||
| Q2 25 | -200.9% | -6.3% | ||
| Q1 25 | -146.7% | -16.6% | ||
| Q4 24 | -537.6% | -13.3% | ||
| Q3 24 | -345.0% | -15.4% | ||
| Q2 24 | -90.2% | -81.5% |
资本支出强度CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | 817.1% | 35.0% | ||
| Q3 25 | 287.5% | 4.3% | ||
| Q2 25 | 71.8% | 2.5% | ||
| Q1 25 | 50.2% | 1.7% | ||
| Q4 24 | 330.4% | 4.8% | ||
| Q3 24 | 317.8% | 2.0% | ||
| Q2 24 | 21.4% | 1.3% |
现金转化率CIFROUST
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
