vs
Cipher Mining Inc.（CIFR）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
PDF SOLUTIONS INC的季度营收约是Cipher Mining Inc.的1.0倍（$62.4M vs $59.7M），PDF SOLUTIONS INC净利率更高（-0.1% vs -1229.6%，领先1229.5%），Cipher Mining Inc.同比增速更快（41.4% vs 24.6%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-695.9M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% 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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
CIFR vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.0倍
$59.7M
营收增速更快
CIFR
高出16.8%
24.6%
净利率更高
PDFS
高出1229.5%
-1229.6%
自由现金流更多
PDFS
多$703.4M
$-695.9M
两年增速更快
PDFS
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $62.4M |
| 净利润 | $-734.2M | $-48.0K |
| 毛利率 | 59.4% | 72.9% |
| 营业利润率 | -503.4% | 5.5% |
| 净利率 | -1229.6% | -0.1% |
| 营收同比 | 41.4% | 24.6% |
| 净利润同比 | -4293.1% | -108.9% |
| 每股收益（稀释后） | $-1.91 | $0.00 |
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CIFRPDFS
| Q4 25 | $59.7M | $62.4M | ||
| Q3 25 | $71.7M | $57.1M | ||
| Q2 25 | $43.6M | $51.7M | ||
| Q1 25 | $49.0M | $47.8M | ||
| Q4 24 | $42.2M | $50.1M | ||
| Q3 24 | $24.1M | $46.4M | ||
| Q2 24 | $36.8M | $41.7M | ||
| Q1 24 | $48.1M | $41.3M |
净利润CIFRPDFS
| Q4 25 | $-734.2M | $-48.0K | ||
| Q3 25 | $-3.3M | $1.3M | ||
| Q2 25 | $-45.8M | $1.1M | ||
| Q1 25 | $-39.0M | $-3.0M | ||
| Q4 24 | $17.5M | $539.0K | ||
| Q3 24 | $-86.8M | $2.2M | ||
| Q2 24 | $-15.3M | $1.7M | ||
| Q1 24 | $39.9M | $-393.0K |
毛利率CIFRPDFS
| Q4 25 | 59.4% | 72.9% | ||
| Q3 25 | 62.7% | 72.3% | ||
| Q2 25 | 64.8% | 71.2% | ||
| Q1 25 | 69.6% | 72.9% | ||
| Q4 24 | 56.9% | 68.3% | ||
| Q3 24 | 37.5% | 73.1% | ||
| Q2 24 | 61.2% | 70.6% | ||
| Q1 24 | 69.2% | 67.3% |
营业利润率CIFRPDFS
| Q4 25 | -503.4% | 5.5% | ||
| Q3 25 | -52.5% | 8.5% | ||
| Q2 25 | -103.9% | 2.2% | ||
| Q1 25 | -77.8% | -7.4% | ||
| Q4 24 | 40.5% | 1.0% | ||
| Q3 24 | -379.2% | 4.6% | ||
| Q2 24 | -43.9% | 0.6% | ||
| Q1 24 | 97.2% | -4.7% |
净利率CIFRPDFS
| Q4 25 | -1229.6% | -0.1% | ||
| Q3 25 | -4.6% | 2.3% | ||
| Q2 25 | -105.1% | 2.2% | ||
| Q1 25 | -79.6% | -6.3% | ||
| Q4 24 | 41.5% | 1.1% | ||
| Q3 24 | -359.9% | 4.8% | ||
| Q2 24 | -41.5% | 4.1% | ||
| Q1 24 | 82.9% | -1.0% |
每股收益（稀释后）CIFRPDFS
| Q4 25 | $-1.91 | $0.00 | ||
| Q3 25 | $-0.01 | $0.03 | ||
| Q2 25 | $-0.12 | $0.03 | ||
| Q1 25 | $-0.11 | $-0.08 | ||
| Q4 24 | $0.04 | $0.01 | ||
| Q3 24 | $-0.26 | $0.06 | ||
| Q2 24 | $-0.05 | $0.04 | ||
| Q1 24 | $0.13 | $-0.01 |
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 | $42.2M |
| 总债务越低越好 | $2.7B | $67.0M |
| 股东权益账面价值 | $805.5M | $271.0M |
| 总资产 | $4.3B | $418.7M |
| 负债/权益比越低杠杆越低 | 3.37× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CIFRPDFS
| Q4 25 | $628.3M | $42.2M | ||
| Q3 25 | $1.2B | $35.9M | ||
| Q2 25 | $62.7M | $40.4M | ||
| Q1 25 | $23.2M | $54.1M | ||
| Q4 24 | $5.6M | $114.9M | ||
| Q3 24 | $25.3M | $120.2M | ||
| Q2 24 | $122.6M | $117.9M | ||
| Q1 24 | $88.7M | $122.9M |
总债务CIFRPDFS
| Q4 25 | $2.7B | $67.0M | ||
| Q3 25 | $1.0B | $67.6M | ||
| Q2 25 | $167.1M | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CIFRPDFS
| Q4 25 | $805.5M | $271.0M | ||
| Q3 25 | $783.2M | $264.4M | ||
| Q2 25 | $748.9M | $257.5M | ||
| Q1 25 | $734.8M | $249.0M | ||
| Q4 24 | $682.0M | $246.0M | ||
| Q3 24 | $672.0M | $240.5M | ||
| Q2 24 | $690.8M | $232.2M | ||
| Q1 24 | $600.9M | $225.4M |
总资产CIFRPDFS
| Q4 25 | $4.3B | $418.7M | ||
| Q3 25 | $2.8B | $406.4M | ||
| Q2 25 | $1.0B | $391.1M | ||
| Q1 25 | $913.8M | $390.0M | ||
| Q4 24 | $855.4M | $315.3M | ||
| Q3 24 | $775.4M | $307.4M | ||
| Q2 24 | $775.6M | $298.0M | ||
| Q1 24 | $677.1M | $286.8M |
负债/权益比CIFRPDFS
| Q4 25 | 3.37× | 0.25× | ||
| Q3 25 | 1.31× | 0.26× | ||
| Q2 25 | 0.22× | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-695.9M | $7.5M |
| 自由现金流率自由现金流/营收 | -1165.4% | 12.1% |
| 资本支出强度资本支出/营收 | 817.1% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流CIFRPDFS
| Q4 25 | $-207.9M | $17.3M | ||
| Q3 25 | $-50.1M | $3.3M | ||
| Q2 25 | $-56.2M | $-5.2M | ||
| Q1 25 | $-47.2M | $8.6M | ||
| Q4 24 | $-87.5M | $1.6M | ||
| Q3 24 | $-6.5M | $9.3M | ||
| Q2 24 | $-25.4M | $684.0K | ||
| Q1 24 | $-26.6M | $-1.9M |
自由现金流CIFRPDFS
| Q4 25 | $-695.9M | $7.5M | ||
| Q3 25 | $-256.2M | $-2.9M | ||
| Q2 25 | $-87.5M | $-13.8M | ||
| Q1 25 | $-71.8M | $535.0K | ||
| Q4 24 | $-227.0M | $-4.0M | ||
| Q3 24 | $-83.2M | $5.1M | ||
| Q2 24 | $-33.2M | $-4.6M | ||
| Q1 24 | $-34.5M | $-3.9M |
自由现金流率CIFRPDFS
| Q4 25 | -1165.4% | 12.1% | ||
| Q3 25 | -357.3% | -5.1% | ||
| Q2 25 | -200.9% | -26.6% | ||
| Q1 25 | -146.7% | 1.1% | ||
| Q4 24 | -537.6% | -8.0% | ||
| Q3 24 | -345.0% | 11.0% | ||
| Q2 24 | -90.2% | -11.1% | ||
| Q1 24 | -71.7% | -9.4% |
资本支出强度CIFRPDFS
| Q4 25 | 817.1% | 15.7% | ||
| Q3 25 | 287.5% | 10.8% | ||
| Q2 25 | 71.8% | 16.5% | ||
| Q1 25 | 50.2% | 17.0% | ||
| Q4 24 | 330.4% | 11.3% | ||
| Q3 24 | 317.8% | 9.0% | ||
| Q2 24 | 21.4% | 12.8% | ||
| Q1 24 | 16.4% | 4.9% |
现金转化率CIFRPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| 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
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
