6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $224M | -$822M | 63.7% | -188.2% | -$696M | $2.7B | $628M |
| 2024 | $151M | -$45M | 58.8% | -28.9% | -$227M | $32M | $6M |
| 2023 | $127M | -$26M | 60.3% | -15.9% | -$115M | — | $74M |
| 2022 | $3M | -$39M | 75.4% | -1232.2% | -$60M | — | $12M |
| 2021 | — | -$72M | — | — | -$37M | — | $210M |
| 2020 | — | -$107031 | — | — | — | — | $1M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $35M | -$114M | 49.2% | -328.9% | -$462M | $4.7B | $715M |
| Dec '25 | $60M | -$734M | 59.4% | -503.4% | -$280M | $2.7B | $628M |
| Sep '25 | $72M | -$3M | 62.7% | -52.5% | -$256M | $1.0B | $1.2B |
| Jun '25 | $44M | -$46M | 64.8% | -103.9% | -$88M | $167M | $63M |
| Mar '25 | $49M | -$39M | 69.6% | -77.8% | -$147M | — | $23M |
| Dec '24 | $42M | $18M | 56.9% | 40.5% | -$76M | $32M | $6M |
| Sep '24 | $24M | -$87M | 37.5% | -379.2% | -$83M | — | $25M |
| Jun '24 | $37M | -$15M | 61.2% | -43.9% | -$33M | — | $123M |
| Mar '24 | $48M | $40M | 69.2% | 97.2% | -$35M | — | $89M |
| Dec '23 | $43M | $11M | 69.4% | 35.0% | -$35M | — | $74M |
| Sep '23 | $30M | -$19M | 57.1% | -63.0% | -$23M | — | $3M |
| Jun '23 | $31M | -$13M | 49.2% | -38.7% | -$28M | — | $2M |
| Mar '23 | $22M | -$5M | 62.8% | -18.8% | -$28M | — | $4M |
| Dec '22 | — | -$52M | — | — | -$22M | — | $12M |
| Sep '22 | — | $59M | — | — | -$15M | — | $28M |
| Jun '22 | — | -$29M | — | — | -$13M | — | $37M |
| Mar '22 | — | -$17M | — | — | -$10M | — | $99M |
| Dec '21 | — | -$69M | — | — | -$10M | — | $210M |
| Sep '21 | — | -$2M | — | — | — | — | $282M |
| Jun '21 | — | -$548000 | — | — | — | — | $127722 |
How the market has priced CIFR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Cipher Digital Inc.'s revenue has grown 319.3% per year. These are computed facts, not advice.
As of FY2025, Cipher Digital Inc. reported $2.7B of total debt against $628M of cash; operating income covered interest expense -11.5×.
In FY2025, gross margin was 63.7%, operating margin -188.2%, and net margin -367.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.