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Cipher Mining Inc.（CIFR）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是Cipher Mining Inc.的2.0倍（$117.7M vs $59.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -1229.6%，领先1218.8%），Cipher Mining Inc.同比增速更快（41.4% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-695.9M），过去两年Cipher Mining Inc.的营收复合增速更高（11.4% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
CIFR vs RGP — 直观对比
营收规模更大
RGP
是对方的2.0倍
$59.7M
营收增速更快
CIFR
高出60.6%
-19.2%
净利率更高
RGP
高出1218.8%
-1229.6%
自由现金流更多
RGP
多$711.4M
$-695.9M
两年增速更快
CIFR
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $117.7M |
| 净利润 | $-734.2M | $-12.7M |
| 毛利率 | 59.4% | 37.1% |
| 营业利润率 | -503.4% | -10.3% |
| 净利率 | -1229.6% | -10.8% |
| 营收同比 | 41.4% | -19.2% |
| 净利润同比 | -4293.1% | 81.6% |
| 每股收益（稀释后） | $-1.91 | $-0.38 |
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CIFRRGP
| Q4 25 | $59.7M | $117.7M | ||
| Q3 25 | $71.7M | $120.2M | ||
| Q2 25 | $43.6M | $139.3M | ||
| Q1 25 | $49.0M | $129.4M | ||
| Q4 24 | $42.2M | $145.6M | ||
| Q3 24 | $24.1M | $136.9M | ||
| Q2 24 | $36.8M | $148.2M | ||
| Q1 24 | $48.1M | $151.3M |
净利润CIFRRGP
| Q4 25 | $-734.2M | $-12.7M | ||
| Q3 25 | $-3.3M | $-2.4M | ||
| Q2 25 | $-45.8M | $-73.3M | ||
| Q1 25 | $-39.0M | $-44.1M | ||
| Q4 24 | $17.5M | $-68.7M | ||
| Q3 24 | $-86.8M | $-5.7M | ||
| Q2 24 | $-15.3M | $10.5M | ||
| Q1 24 | $39.9M | $2.5M |
毛利率CIFRRGP
| Q4 25 | 59.4% | 37.1% | ||
| Q3 25 | 62.7% | 39.5% | ||
| Q2 25 | 64.8% | 40.2% | ||
| Q1 25 | 69.6% | 35.1% | ||
| Q4 24 | 56.9% | 38.5% | ||
| Q3 24 | 37.5% | 36.5% | ||
| Q2 24 | 61.2% | 40.2% | ||
| Q1 24 | 69.2% | 37.0% |
营业利润率CIFRRGP
| Q4 25 | -503.4% | -10.3% | ||
| Q3 25 | -52.5% | -1.7% | ||
| Q2 25 | -103.9% | -47.0% | ||
| Q1 25 | -77.8% | -38.4% | ||
| Q4 24 | 40.5% | -52.7% | ||
| Q3 24 | -379.2% | -3.5% | ||
| Q2 24 | -43.9% | 7.6% | ||
| Q1 24 | 97.2% | 2.8% |
净利率CIFRRGP
| Q4 25 | -1229.6% | -10.8% | ||
| Q3 25 | -4.6% | -2.0% | ||
| Q2 25 | -105.1% | -52.6% | ||
| Q1 25 | -79.6% | -34.0% | ||
| Q4 24 | 41.5% | -47.2% | ||
| Q3 24 | -359.9% | -4.2% | ||
| Q2 24 | -41.5% | 7.1% | ||
| Q1 24 | 82.9% | 1.7% |
每股收益（稀释后）CIFRRGP
| Q4 25 | $-1.91 | $-0.38 | ||
| Q3 25 | $-0.01 | $-0.07 | ||
| Q2 25 | $-0.12 | $-2.21 | ||
| Q1 25 | $-0.11 | $-1.34 | ||
| Q4 24 | $0.04 | $-2.08 | ||
| Q3 24 | $-0.26 | $-0.17 | ||
| Q2 24 | $-0.05 | $0.31 | ||
| Q1 24 | $0.13 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $805.5M | $194.6M |
| 总资产 | $4.3B | $289.3M |
| 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CIFRRGP
| Q4 25 | $628.3M | $89.8M | ||
| Q3 25 | $1.2B | $77.5M | ||
| Q2 25 | $62.7M | $86.1M | ||
| Q1 25 | $23.2M | $72.5M | ||
| Q4 24 | $5.6M | $78.2M | ||
| Q3 24 | $25.3M | $89.6M | ||
| Q2 24 | $122.6M | $108.9M | ||
| Q1 24 | $88.7M | $113.8M |
总债务CIFRRGP
| 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CIFRRGP
| Q4 25 | $805.5M | $194.6M | ||
| Q3 25 | $783.2M | $206.4M | ||
| Q2 25 | $748.9M | $207.1M | ||
| Q1 25 | $734.8M | $277.8M | ||
| Q4 24 | $682.0M | $325.7M | ||
| Q3 24 | $672.0M | $407.2M | ||
| Q2 24 | $690.8M | $418.8M | ||
| Q1 24 | $600.9M | $414.9M |
总资产CIFRRGP
| Q4 25 | $4.3B | $289.3M | ||
| Q3 25 | $2.8B | $287.2M | ||
| Q2 25 | $1.0B | $304.7M | ||
| Q1 25 | $913.8M | $375.6M | ||
| Q4 24 | $855.4M | $424.9M | ||
| Q3 24 | $775.4M | $512.9M | ||
| Q2 24 | $775.6M | $510.9M | ||
| Q1 24 | $677.1M | $523.2M |
负债/权益比CIFRRGP
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-695.9M | $15.6M |
| 自由现金流率自由现金流/营收 | -1165.4% | 13.2% |
| 资本支出强度资本支出/营收 | 817.1% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流CIFRRGP
| Q4 25 | $-207.9M | $15.9M | ||
| Q3 25 | $-50.1M | $-7.8M | ||
| Q2 25 | $-56.2M | $16.8M | ||
| Q1 25 | $-47.2M | $659.0K | ||
| Q4 24 | $-87.5M | $1.8M | ||
| Q3 24 | $-6.5M | $-309.0K | ||
| Q2 24 | $-25.4M | $3.2M | ||
| Q1 24 | $-26.6M | $20.5M |
自由现金流CIFRRGP
| Q4 25 | $-695.9M | $15.6M | ||
| Q3 25 | $-256.2M | $-8.0M | ||
| Q2 25 | $-87.5M | $16.5M | ||
| Q1 25 | $-71.8M | $238.0K | ||
| Q4 24 | $-227.0M | $61.0K | ||
| Q3 24 | $-83.2M | $-575.0K | ||
| Q2 24 | $-33.2M | $3.0M | ||
| Q1 24 | $-34.5M | $20.4M |
自由现金流率CIFRRGP
| Q4 25 | -1165.4% | 13.2% | ||
| Q3 25 | -357.3% | -6.6% | ||
| Q2 25 | -200.9% | 11.8% | ||
| Q1 25 | -146.7% | 0.2% | ||
| Q4 24 | -537.6% | 0.0% | ||
| Q3 24 | -345.0% | -0.4% | ||
| Q2 24 | -90.2% | 2.1% | ||
| Q1 24 | -71.7% | 13.5% |
资本支出强度CIFRRGP
| Q4 25 | 817.1% | 0.3% | ||
| Q3 25 | 287.5% | 0.1% | ||
| Q2 25 | 71.8% | 0.2% | ||
| Q1 25 | 50.2% | 0.3% | ||
| Q4 24 | 330.4% | 1.2% | ||
| Q3 24 | 317.8% | 0.2% | ||
| Q2 24 | 21.4% | 0.1% | ||
| Q1 24 | 16.4% | 0.1% |
现金转化率CIFRRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | -0.67× | 8.04× |
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
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
