Cipher Mining Inc. (CIFR) income statement
NASDAQ · Technology · Information Technology Services · 66 employees · CEO Rodney Tyler Page
- Price
- $7.29 -10.00%
- Market cap
- $3.03B
- Enterprise value
- $4.59B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-02 EPS est. -$0.25
Cipher Mining Inc. (CIFR) reported revenue of $24.8M for Q2 '26 (-43.0% year on year), operating income of -$72.6M (-292.5% of revenue) and net income of -$268M. Over the last four quarters revenue was $191M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.3M | $43.4M | $48.1M | $36.8M | $24.1M | $42.2M | $49M | $43.6M | $71.7M | $59.7M | $34.8M | $24.8M | |
| Cost of revenue | $30.1M | $13.3M | $27.9M | $30.6M | $29.8M | $34.9M | $29.2M | $31M | $41.2M | $59M | $71.7M | $57.4M | |
| Gross profit | $225K | $30.1M | $20.3M | $6.24M | -$5.7M | $7.29M | $19.8M | $12.6M | $30.5M | $730K | -$36.9M | -$32.6M | |
| General & administrative | $6.83M | $22.5M | $6.08M | $8.37M | $8.92M | $9.29M | $8.95M | $9.08M | $8.17M | $10.2M | $11.7M | $16.5M | |
| Other operating expenses | $12.5M | -$8.26M | -$32.6M | $14M | $76.8M | -$19.1M | $48.9M | $48.7M | $60M | $219M | $0 | $23.6M | |
| Operating expenses | $19.3M | $14.3M | -$26.5M | $22.4M | $85.7M | -$9.8M | $57.9M | $57.8M | $68.1M | $230M | $11.7M | $40.1M | |
| Operating income | -$19.1M | $15.8M | $46.8M | -$16.2M | -$91.4M | $17.1M | -$38.1M | -$45.2M | -$37.6M | -$229M | -$48.6M | -$72.6M | |
| Interest income | $11K | $52K | $786K | $1.05M | $1.19M | $357K | $190K | $296K | $457K | $18.5M | $31.6M | $35.9M | |
| Interest expense | $627K | $486K | $400K | $372K | $346K | $590K | $777K | $1.14M | $1.29M | $33.4M | $59.2M | $66.7M | |
| Other non-operating income (gains on investments, FX ...) | -$15K | $141K | $922K | -$1.78M | -$1.18M | $952K | -$34K | -$1.52M | -$35.3M | $476M | $0 | $128M | |
| Total non-operating income | -$612K | -$627K | -$1.32M | $1.41M | $838K | -$1.54M | -$743K | $379K | $34M | -$509M | -$65.3M | -$195M | |
| Income before tax | -$19.7M | $15.2M | $45.5M | -$14.8M | -$90.6M | $15.5M | -$38.8M | -$44.9M | -$3.59M | -$738M | -$114M | -$267M | |
| Income tax | -$1.1M | $3.98M | $5.56M | $528K | -$3.8M | -$1.97M | $144K | $917K | -$303K | -$4.07M | $407K | $367K | |
| Net income | -$18.6M | $11.2M | $39.9M | -$15.3M | -$86.8M | $17.5M | -$39M | -$45.8M | -$3.28M | -$734M | -$114M | -$268M | |
| EPS (basic) | -$0.07 | $0.04 | $0.13 | -$0.05 | -$0.26 | $0.05 | -$0.11 | -$0.12 | -$0.01 | -$1.93 | -$0.28 | -$0.65 | |
| EPS (diluted) | -$0.07 | $0.04 | $0.13 | -$0.05 | -$0.26 | $0.05 | -$0.11 | -$0.12 | -$0.01 | -$1.93 | -$0.28 | -$0.65 | |
| Shares (basic, weighted) | 252M | 291M | 297M | 314M | 333M | 348M | 361M | 375M | 376M | 382M | 405M | 409M | |
| Shares (diluted, weighted) | 252M | 291M | 304M | 314M | 333M | 364M | 361M | 375M | 376M | 382M | 405M | 409M | |
| Depreciation & amortization | $16.5M | $16.9M | $17.5M | $20.6M | $29M | $36.7M | $43.8M | $44.5M | $60M | $52.3M | $19.6M | $18.8M | |
| EBITDA | -$2.64M | $32.6M | $63.4M | $6.17M | -$61.3M | $52.8M | $5.78M | $757K | $57.7M | -$653M | -$29M | -$182M |
| Income statement | Trend | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $3.04M | $127M | $151M | $224M | |
| Cost of revenue | $0 | $4.87K | $748K | $50.3M | $123M | $160M | |
| Gross profit | $0 | -$4.87K | $2.29M | $76.5M | $28.1M | $63.6M | |
| General & administrative | $0 | $0 | $70.8M | $85.2M | $32.7M | $36.4M | |
| Other operating expenses | $0 | $0 | -$31.1M | $11.5M | $39.2M | $365M | |
| Operating expenses | $154K | $72.1M | $39.7M | $96.6M | $71.8M | $401M | |
| Operating income | -$154K | -$72.2M | -$37.4M | -$20.1M | -$43.7M | -$337M | |
| Interest income | $27.3K | $4.33K | $215K | $164K | $3.38M | $19.5M | |
| Interest expense | $0 | $26.9K | $137K | $2M | $1.71M | $36.6M | |
| Other non-operating income (gains on investments, FX ...) | -$1.27M | $0 | -$345K | $96K | -$1.09M | $452M | |
| Total non-operating income | $1.27M | -$753 | $208K | -$2.1M | -$618K | -$488M | |
| Income before tax | $1.11M | -$72.2M | -$37.2M | -$22.2M | -$44.3M | -$826M | |
| Income tax | $0 | $0 | $1.84M | $3.57M | $318K | -$3.31M | |
| Net income | $1.11M | -$72.2M | -$39.1M | -$25.8M | -$44.6M | -$822M | |
| EPS (basic) | $0.01 | -$0.33 | -$0.16 | -$0.10 | -$0.14 | -$2.15 | |
| EPS (diluted) | $0.01 | -$0.33 | -$0.16 | -$0.10 | -$0.14 | -$2.15 | |
| Shares (basic, weighted) | 215M | 218M | 248M | 252M | 323M | 382M | |
| Shares (diluted, weighted) | 215M | 218M | 248M | 252M | 323M | 382M | |
| Depreciation & amortization | $0 | $4.87K | $5.15M | $59.9M | $104M | $201M | |
| EBITDA | $1.11M | -$72.1M | -$31.9M | $39.7M | $61.1M | -$588M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02