Cipher Mining Inc. (CIFR) Financial Statements
Industry: Finance Services
In fiscal 2025, Cipher Mining reported revenue of $223.9M, up 48.0% from $151.3M the year before. Net income was -$822.2M (a -367.2% net margin), or -$2.15 per diluted share. Gross margin was 63.7% and operating margin was -188.2%. Operating activities generated -$207.9M of cash, leaving -$695.8M of free cash flow. At fiscal year end, Cipher Mining held $4.29B in total assets against $3.46B in total liabilities, including $628.3M of cash and equivalents.
Open the full interactive Cipher Mining financials → Quarterly statements, key ratios, valuation history and price charts.
Cipher Mining Key Stats
| Share Price | $11.34 |
|---|---|
| Market Cap | $4.64B |
| Revenue YoY Growth | +48.0% |
| 52-Week Range | $11.34 – $29.18 |
| Shares Outstanding | 409.4 million (basic, 2026 Q2) |
Cipher Mining Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $3.0M | $126.8M | $151.3M | $223.9M |
| Gross Profit | — | $2.3M | $76.5M | $88.9M | $142.7M |
| Operating Income | -$72.2M | -$37.4M | -$20.1M | -$43.7M | -$421.6M |
| Pre-Tax Income | -$72.2M | -$37.2M | -$22.2M | -$44.3M | -$825.6M |
| Income Tax | — | $1.8M | $3.6M | $318,000 | -$3.3M |
| Net Income | -$72.2M | -$39.1M | -$25.8M | -$44.6M | -$822.2M |
| Diluted EPS | -$0.33 | -$0.16 | -$0.10 | -$0.14 | -$2.15 |
Cipher Mining Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $71.7M | $59.7M | $34.8M | $24.8M |
| Net Income | -$3.3M | -$734.2M | -$114.3M | -$267.5M |
| Diluted EPS | -$0.01 | -$1.92 | -$0.28 | -$0.65 |
Cipher Mining Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $209.8M | $11.9M | $86.1M | $5.6M | $628.3M |
| Current Assets | $223.7M | $47.7M | $155.5M | $168.2M | $2.65B |
| Total Assets | $354.2M | $418.5M | $566.1M | $855.4M | $4.29B |
| Current Liabilities | $499,251 | $40.3M | $33.8M | $131.8M | $699.1M |
| Total Long-Term Debt | — | — | — | — | $2.75B |
| Total Liabilities | $636,051 | $75.6M | $74.8M | $173.5M | $3.46B |
| Shareholders' Equity | $353.5M | $342.9M | $491.3M | $682.0M | $805.5M |
Cipher Mining Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$31.7M | -$20.9M | -$94.2M | -$87.5M | -$207.9M |
| Cash From Investing | -$120.1M | -$173.9M | $52.8M | -$192.1M | -$336.6M |
| Cash From Financing | $361.6M | -$3.1M | $115.7M | $213.5M | $3.19B |
| Free Cash Flow | -$36.8M | -$60.7M | -$114.7M | -$227.0M | -$695.8M |
Figures from Cipher Mining's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cipher Mining financials page for every line item.
Cipher Mining Company Profile
| Ticker | CIFR |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | New York, New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001819989 |
Frequently Asked Questions
What was Cipher Mining's revenue in fiscal 2025?
Cipher Mining (CIFR) reported revenue of $223.9M for fiscal 2025.
What is Cipher Mining's annual revenue history?
Cipher Mining's annual revenue by fiscal year: 2021: $0; 2022: $3.0M; 2023: $126.8M; 2024: $151.3M; 2025: $223.9M.
What was Cipher Mining's net income in fiscal 2025?
Cipher Mining reported net income of -$822.2M for fiscal 2025.
What was Cipher Mining's earnings per share (EPS) in fiscal 2025?
Cipher Mining's diluted EPS was -$2.15 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cipher Mining generate in fiscal 2025?
Cipher Mining generated -$695.8M of free cash flow in fiscal 2025.
What was Cipher Mining's revenue last quarter?
In its most recent reported quarter (2026 Q2), Cipher Mining reported revenue of $24.8M.
How much debt does Cipher Mining have?
Cipher Mining reported $2.75B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cipher Mining are outstanding?
Cipher Mining reported a weighted average of 409.4 million basic shares outstanding in 2026 Q2.
What is Cipher Mining's market cap?
Based on its latest closing price, Cipher Mining (CIFR) has a market capitalization of about $4.64B.
When does Cipher Mining's fiscal year end?
Cipher Mining's fiscal year end, as registered with the SEC, is December 31.
Where is Cipher Mining headquartered?
Cipher Mining lists its business address in New York, New York in its SEC filings.