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Cipher Mining Inc.（CIFR）与RIGEL PHARMACEUTICALS INC（RIGL）财务数据对比。点击上方公司名可切换其他公司
RIGEL PHARMACEUTICALS INC的季度营收约是Cipher Mining Inc.的1.2倍（$69.8M vs $59.7M），RIGEL PHARMACEUTICALS INC净利率更高（384.0% vs -1229.6%，领先1613.6%），Cipher Mining Inc.同比增速更快（41.4% vs 21.2%），过去两年RIGEL PHARMACEUTICALS INC的营收复合增速更高（53.7% 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。
Rigel制药是一家临床阶段生物技术企业，专注于研发及商业化针对自身免疫性疾病、炎症性疾病与血液疾病的靶向小分子疗法，核心市场位于美国，旗下已获批产品可治疗成人免疫性血小板减少症，致力于满足未被覆盖的临床医疗需求。
CIFR vs RIGL — 直观对比
营收规模更大
RIGL
是对方的1.2倍
$59.7M
营收增速更快
CIFR
高出20.2%
21.2%
净利率更高
RIGL
高出1613.6%
-1229.6%
两年增速更快
RIGL
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $69.8M |
| 净利润 | $-734.2M | $268.1M |
| 毛利率 | 59.4% | 91.5% |
| 营业利润率 | -503.4% | 33.2% |
| 净利率 | -1229.6% | 384.0% |
| 营收同比 | 41.4% | 21.2% |
| 净利润同比 | -4293.1% | 1769.2% |
| 每股收益（稀释后） | $-1.91 | $14.11 |
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CIFRRIGL
| Q4 25 | $59.7M | $69.8M | ||
| Q3 25 | $71.7M | $69.5M | ||
| Q2 25 | $43.6M | $101.7M | ||
| Q1 25 | $49.0M | $53.3M | ||
| Q4 24 | $42.2M | $57.6M | ||
| Q3 24 | $24.1M | $55.3M | ||
| Q2 24 | $36.8M | $36.8M | ||
| Q1 24 | $48.1M | $29.5M |
净利润CIFRRIGL
| Q4 25 | $-734.2M | $268.1M | ||
| Q3 25 | $-3.3M | $27.9M | ||
| Q2 25 | $-45.8M | $59.6M | ||
| Q1 25 | $-39.0M | $11.4M | ||
| Q4 24 | $17.5M | $14.3M | ||
| Q3 24 | $-86.8M | $12.4M | ||
| Q2 24 | $-15.3M | $-1.0M | ||
| Q1 24 | $39.9M | $-8.2M |
毛利率CIFRRIGL
| Q4 25 | 59.4% | 91.5% | ||
| Q3 25 | 62.7% | 93.2% | ||
| Q2 25 | 64.8% | 95.6% | ||
| Q1 25 | 69.6% | 91.7% | ||
| Q4 24 | 56.9% | 89.9% | ||
| Q3 24 | 37.5% | 85.5% | ||
| Q2 24 | 61.2% | 92.4% | ||
| Q1 24 | 69.2% | 93.1% |
营业利润率CIFRRIGL
| Q4 25 | -503.4% | 33.2% | ||
| Q3 25 | -52.5% | 40.9% | ||
| Q2 25 | -103.9% | 60.1% | ||
| Q1 25 | -77.8% | 23.9% | ||
| Q4 24 | 40.5% | 28.9% | ||
| Q3 24 | -379.2% | 25.4% | ||
| Q2 24 | -43.9% | 1.2% | ||
| Q1 24 | 97.2% | -23.6% |
净利率CIFRRIGL
| Q4 25 | -1229.6% | 384.0% | ||
| Q3 25 | -4.6% | 40.2% | ||
| Q2 25 | -105.1% | 58.6% | ||
| Q1 25 | -79.6% | 21.5% | ||
| Q4 24 | 41.5% | 24.9% | ||
| Q3 24 | -359.9% | 22.5% | ||
| Q2 24 | -41.5% | -2.8% | ||
| Q1 24 | 82.9% | -27.9% |
每股收益（稀释后）CIFRRIGL
| Q4 25 | $-1.91 | $14.11 | ||
| Q3 25 | $-0.01 | $1.46 | ||
| Q2 25 | $-0.12 | $3.28 | ||
| Q1 25 | $-0.11 | $0.63 | ||
| Q4 24 | $0.04 | $0.82 | ||
| Q3 24 | $-0.26 | $0.70 | ||
| Q2 24 | $-0.05 | $-0.06 | ||
| Q1 24 | $0.13 | $-0.47 |
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 | $155.0M |
| 总债务越低越好 | $2.7B | $52.5M |
| 股东权益账面价值 | $805.5M | $391.5M |
| 总资产 | $4.3B | $513.6M |
| 负债/权益比越低杠杆越低 | 3.37× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资CIFRRIGL
| Q4 25 | $628.3M | $155.0M | ||
| Q3 25 | $1.2B | $137.1M | ||
| Q2 25 | $62.7M | $108.4M | ||
| Q1 25 | $23.2M | $77.1M | ||
| Q4 24 | $5.6M | $77.3M | ||
| Q3 24 | $25.3M | $61.1M | ||
| Q2 24 | $122.6M | $49.1M | ||
| Q1 24 | $88.7M | $49.5M |
总债务CIFRRIGL
| Q4 25 | $2.7B | $52.5M | ||
| Q3 25 | $1.0B | $60.0M | ||
| Q2 25 | $167.1M | $60.0M | ||
| Q1 25 | — | $60.0M | ||
| Q4 24 | $0 | $60.0M | ||
| Q3 24 | — | $60.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | — | $60.0M |
股东权益CIFRRIGL
| Q4 25 | $805.5M | $391.5M | ||
| Q3 25 | $783.2M | $117.6M | ||
| Q2 25 | $748.9M | $81.9M | ||
| Q1 25 | $734.8M | $18.6M | ||
| Q4 24 | $682.0M | $3.3M | ||
| Q3 24 | $672.0M | $-14.6M | ||
| Q2 24 | $690.8M | $-29.9M | ||
| Q1 24 | $600.9M | $-31.7M |
总资产CIFRRIGL
| Q4 25 | $4.3B | $513.6M | ||
| Q3 25 | $2.8B | $242.5M | ||
| Q2 25 | $1.0B | $206.7M | ||
| Q1 25 | $913.8M | $176.0M | ||
| Q4 24 | $855.4M | $164.0M | ||
| Q3 24 | $775.4M | $139.4M | ||
| Q2 24 | $775.6M | $128.4M | ||
| Q1 24 | $677.1M | $126.5M |
负债/权益比CIFRRIGL
| Q4 25 | 3.37× | 0.13× | ||
| Q3 25 | 1.31× | 0.51× | ||
| Q2 25 | 0.22× | 0.73× | ||
| Q1 25 | — | 3.23× | ||
| Q4 24 | 0.00× | 18.25× | ||
| 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 | $22.0M |
| 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 | — | 0.08× |
| 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CIFRRIGL
| Q4 25 | $-207.9M | $22.0M | ||
| Q3 25 | $-50.1M | $24.0M | ||
| Q2 25 | $-56.2M | $30.5M | ||
| Q1 25 | $-47.2M | $-893.0K | ||
| Q4 24 | $-87.5M | $14.5M | ||
| Q3 24 | $-6.5M | $21.7M | ||
| Q2 24 | $-25.4M | $302.0K | ||
| Q1 24 | $-26.6M | $-5.0M |
自由现金流CIFRRIGL
| Q4 25 | $-695.9M | — | ||
| Q3 25 | $-256.2M | — | ||
| Q2 25 | $-87.5M | — | ||
| Q1 25 | $-71.8M | — | ||
| Q4 24 | $-227.0M | — | ||
| Q3 24 | $-83.2M | — | ||
| Q2 24 | $-33.2M | — | ||
| Q1 24 | $-34.5M | — |
自由现金流率CIFRRIGL
| Q4 25 | -1165.4% | — | ||
| Q3 25 | -357.3% | — | ||
| Q2 25 | -200.9% | — | ||
| Q1 25 | -146.7% | — | ||
| Q4 24 | -537.6% | — | ||
| Q3 24 | -345.0% | — | ||
| Q2 24 | -90.2% | — | ||
| Q1 24 | -71.7% | — |
资本支出强度CIFRRIGL
| Q4 25 | 817.1% | — | ||
| Q3 25 | 287.5% | — | ||
| Q2 25 | 71.8% | — | ||
| Q1 25 | 50.2% | — | ||
| Q4 24 | 330.4% | — | ||
| Q3 24 | 317.8% | — | ||
| Q2 24 | 21.4% | — | ||
| Q1 24 | 16.4% | — |
现金转化率CIFRRIGL
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | -5.00× | 1.01× | ||
| Q3 24 | — | 1.75× | ||
| 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
