Cipher Digital (CIFR) Income Statement

Cipher Digital reported revenue of $223.94M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 48.0% from $151.27M a year earlier. Cipher Digital posted a net loss of $822.24M, compared with a net loss of $44.63M a year earlier. Gross margin was 28.4% and operating margin -150.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $24.84M, down 43.0% from the same quarter a year earlier.

Cipher Digital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cipher Digital Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	223.94	151.27	126.84	3.04	0.00	0.00
Cost of Revenue	160.35	123.16	107.71	0.75	0.00	0.00
Gross Profit	63.60	28.11	19.13	2.29	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	36.38	32.66	27.80	70.84	78.71	0.15
Operating Expenses	401.00	71.81	39.25	74.76	0.00	0.15
Operating Income	-337.40	-43.70	-20.12	-72.47	-0.04	-0.15
Other Income/Expense
Interest Income	19.48	3.38	0.16	0.22	0.00	0.03
Interest Expense	36.56	-1.71	-2.00	0.14	-0.03	0.00
Other Income/Expense	-471.07	-0.62	-2.10	35.18	0.00	1.27
Income
Income Before Tax	-825.56	-44.32	-22.21	-37.21	-78.71	1.11
Income Tax Expense	-3.31	0.32	3.57	1.84	0.00	0.00
Net Income	-822.24	-44.64	-25.78	-39.05	-73.59	1.11
Net Income - Continuous Operations	-822.24	-44.64	-25.78	-39.05	-72.15	1.11
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-588.38	62.15	2.38	-31.93	-78.71	1.11
EBIT	-789.00	-40.80	-56.72	-37.08	-78.71	-
Depreciation & Amortization	198.97	102.45	59.09	4.38	0.01	0.00
Earnings Per Share
Basic EPS	-2.00	-	-	-	-	-
Diluted EPS	-2.00	-	-	-	-	-
Basic Shares Outstanding	381.60	323.10	252.44	248.23	218.03	214.78
Diluted Shares Outstanding	381.60	323.10	252.44	248.23	218.03	214.78

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cipher Digital Financial Statements

What was Cipher Digital's revenue in fiscal 2025?

Cipher Digital reported revenue of $223.94M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 48.0% from $151.27M a year earlier.

Is Cipher Digital profitable?

No. Cipher Digital reported a net loss of $822.24M in fiscal 2025. In fiscal 2024 it lost $44.63M.

What is Cipher Digital's operating margin?

Cipher Digital's operating income was −$337.40M on revenue of $223.94M in fiscal 2025, an operating margin of -150.7%, compared with -28.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition