Cipher Mining Inc. (CIFR)财务
NASDAQ · Technology · Information Technology Services · 员工66人 · CEO Rodney Tyler Page
- 股价
- $7.29 -10.00%
- 市值
- $30.3亿
- 企业价值
- $45.9亿
- 最近财报
- Q2 '26 2026-08-04提交
- 下次财报
- 2026-11-02 EPS预期 -$0.25
营收(TTM)$1.91亿+20.3% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-202.9%-103.7 百分点 对比去年同期营业利润 -$3.88亿
净利润(TTM)-$11.2亿-626.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)–– 对比去年同期资本支出 –
稀释EPS(TTM)-$2.87-558.2% 对比去年同期最近4个季度之和
净现金-$15.3亿-1,107.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $30.3亿 EV $45.9亿
- 营收
- $1.91亿 过去12个月
- 营收增速
- -5% FY2026年一致预期
- 净利润率
- -585.8% 净利润 / 营收,TTM
- P/E
- -2.5× 预期 -5.6×(FY2026)
- P/S
- 15.8× 股价 / 营收,TTM
- EV / EBITDA
- -5.7× TTM
- 自由现金流
- – 过去12个月
- 净利润
- -$11.2亿 过去12个月
- 营收预期
- $2.13亿 FY2026年一致预期
- 盈利
- 2026-11-02 营收预期 $3870万
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收低于预期22.0%,EPS 低于预期162.7%营收$2480万,预期$3190万(-22.0%);EPS -$0.65,预期-$0.25(-162.7%)。
- 营收增长放缓:同比-43.0%Q2 '26营收$2480万,此前四个季度的平均值为57.1%。
- 营业利润率-202.9%(TTM),较去年同期-103.7 百分点营收增长20.3%,营业利润增长-146.0%。
- 稀释股数一年内增加9.2%Q2 '26稀释股数4.09亿,一年前为3.75亿。
- 净债务 $15.3亿现金 + 短期投资 $40.6亿,含租赁债务 $55.9亿;一年前净债务 $1.27亿。
- Bitcoin Mining:营收-43.0%,利润率-316.2%(此前为-103.9%)Q2 '26增长最快的披露分部:营收$2480万,营业利润-$7850万(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $2480万 | $4360万 | -43.0% |
| 毛利率 | -131.1% | 28.9% | -160.0 百分点 |
| 营业利润 | -$7260万 | -$4520万 | -60.5% |
| 营业利润率 | -292.5% | -103.9% | -188.6 百分点 |
| 净利润 | -$2.68亿 | -$4580万 | -484.4% |
| 稀释EPS | -$0.65 | -$0.12 | -441.7% |
| 经营现金流 | -$2.44亿 | -$5620万 | -333.2% |
| 资本支出 | $4.1亿 | $3130万 | +1,210.9% |
| 自由现金流 | -$6.54亿 | -$8750万 | -647.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $3050万 | $1050万 | +190.9% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $2480万 | $3190万 | -22.0% |
| EPS(一致预期口径) | -$0.65 | -$0.25 | -162.7% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Bitcoin Mining | $2480万 | -43.0% | 100.0% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Bitcoin Mining | $2480万 | -43.0% | -$7850万 | -73.6% | -316.2% | -103.9% | -$5.31亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 自由现金流
- –
- 股东回报 / FCF
- –
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -2.5× | – | – |
| EV / EBITDA | -5.7× | 25.0× 5年中的2年 | 24.6× – 25.4× |
| EV / 营收 | 24.0× | 25.3× 5年中的4年 | 7.7× – 48.6× |
| 股价 / FCF | -2.0× | – | – |
| 股价 / 净资产 | 5.3× | 2.9× | 0.4× – 7.0× |
| FCF收益率 | -49.4% | -47.2% | -179.0% – -12.4% |
| 投入资本回报率 | -6.2% | -10.0% | -20.4% – -3.7% |
| 净资产收益率 | -156.3% | -29.1% | -102.1% – -5.2% |
分析师
一致目标价 $30.67 (+320.7%)
区间 $18.00 – $54.00 · 评级 Buy
强烈买入0
买入14
持有0
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2.13亿 | -5.1% | -$1.30 | +39.7% | -5.6× | 8 |
| FY2027 | $8.1亿 | +281.1% | -$0.29 | +77.6% | -25.1× | 5 |
| FY2028 | $10.4亿 | +27.9% | $0.04 | +114.4% | 174.4× | 3 |
| FY2029 | $17.7亿 | +70.6% | $0.31 | +648.5% | 23.3× | 1 |
| FY2030 | $40.7亿 | +130.1% | $1.21 | +286.7% | 6.0× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cipher Mining Inc.在近期10-Q / 10-K文件中标记的全部243项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2.89亿 | $1490万 | +1,844.0% | $4010万 | $2270万 | +76.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $0 | – | – | $0 | $0 | – |
| Accounts Receivable, Fair Value Disclosure | $22.2万 | $158万 | -85.9% | $68.7万 | $59.6万 | +15.3% |
| Accrued Liabilities, Current | $3.57亿 | $3020万 | +1,082.1% | $9010万 | $6980万 | +29.0% |
| Accrued Professional Fees, Current | $573万 | $488万 | +17.4% | $399万 | $825万 | -51.6% |
| Additional Paid in Capital | $19.5亿 | – | – | $18.1亿 | $8.63亿 | +109.6% |
| Additional Paid in Capital, Common Stock | $10.5亿2025-09-30 | $8.71亿 | +20.9% | $8.63亿2024-12-31 | $6.28亿 | +37.5% |
| Allowance for Funds Used During Construction, Capitalized Interest | $1650万 | $0 | – | – | – | – |
| Amortization of Debt Issuance Costs and Discounts | $6670万 | $0 | – | $1790万 | $0 | – |
| Amortization of Intangible Assets | $20万 | $20万 | 0.0% | $60万 | $50万 | +20.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -515万 | 4820万 | -110.7% | 2.02亿 | 2450万 | +722.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3010万 | $1160万 | +160.2% | $5160万 | $4120万 | +25.2% |
| Asset Retirement Obligation | $3370万2025-12-31 | $2030万 | +66.1% | $3370万 | $2030万 | +66.1% |
| Asset Retirement Obligation, Accretion Expense | $60万 | $60万 | 0.0% | $267万 | $189万 | +41.5% |
| Asset Retirement Obligation, Liabilities Incurred | – | – | – | $1070万 | – | – |
| Asset Retirement Obligations, Noncurrent | $2350万 | $3210万 | -26.8% | $3370万 | $2030万 | +66.1% |
| AssetAcquisitionContingentConsiderationLiabilityCurrent | $1640万 | – | – | $1470万 | $0 | – |
| Assets | $75亿 | $10.2亿 | +636.3% | $42.9亿 | $8.55亿 | +401.7% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | $0 | – | – | $9490万 | $0 | – |
| Assets, Current | $41.3亿 | $2.2亿 | +1,781.1% | $26.5亿 | $1.68亿 | +1,477.2% |
| Assets, Fair Value Disclosure | $46.3亿 | $2.32亿 | +1,893.7% | $27.5亿 | $2.3亿 | +1,097.9% |
| Capital Expenditures Incurred but Not yet Paid | $4.18亿 | -$2270万 | +1,940.6% | $6720万 | $4220万 | +59.4% |
| Cash and Cash Equivalents, at Carrying Value | $8.32亿 | $6270万 | +1,226.6% | $6.28亿 | $559万 | +11,149.1% |
| Cash and Cash Equivalents, Fair Value Disclosure | $8.27亿 | $2160万 | +3,733.5% | $5.35亿 | $431万 | +12,303.5% |
| Cash Equivalents, at Carrying Value | $6.28亿2025-12-31 | $560万 | +11,119.6% | $6.28亿 | $560万 | +11,119.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $12.2亿2025-09-30 | $3970万 | +2,973.5% | $2000万2024-12-31 | $8610万 | -76.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $45.6亿 | $7710万 | +5,814.4% | $26.6亿 | $2000万 | +13,238.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.13亿 | $3950万 | +692.9% | $26.4亿 | -$6610万 | +4,099.3% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $11.502025-12-31 | $11.50 | 0.0% | $11.50 | $11.50 | 0.0% |
| Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 12025-12-31 | 1 | 0.0% | 1 | 1 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 5亿 | +100.0% | 10亿 | 5亿 | +100.0% |
| Common Stock, Shares, Issued | 4.24亿 | 3.88亿 | +9.1% | 4.12亿 | 3.61亿 | +14.0% |
| Common Stock, Shares, Outstanding | 4.14亿 | 3.87亿 | +7.1% | 4.05亿 | 3.51亿 | +15.4% |
| Common Stock, Value, Issued | $42.4万 | $38.8万 | +9.3% | $41.2万 | $36.1万 | +14.1% |
| Contract with Customer, Liability | $745万2026-03-31 | – | – | – | – | – |
| Cost of Revenue | $1500万 | $1530万 | -1.9% | $8120万 | $6240万 | +30.2% |
| CryptoAssetFairValue | $3780万 | $1.12亿 | -66.3% | $1.25亿 | $9270万 | +35.3% |
| CryptoAssetMining | $2490万 | $3080万 | -19.0% | $2亿 | $1.51亿 | +31.9% |
| CryptoAssetPurchase | – | – | – | $243万 | $0 | – |
| CryptoAssetSale | $5670万 | $3130万 | +80.7% | $2.15亿 | $1.49亿 | +44.2% |
| CryptoAssetUnrealizedGainLossOperating | $1690万 | $1710万 | -1.4% | -$4160万 | $1130万 | -467.7% |
| Current Income Tax Expense (Benefit) | $36.7万 | $115万 | -67.9% | $95.6万 | $126万 | -23.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $95.6万 | $126万 | -23.8% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $4.74亿 | – | – | $4.56亿 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$427万 | -$93.7万 | -355.6% |
| Deferred Income Tax Expense (Benefit) | $0 | -$22.8万 | +100.0% | -$427万 | -$93.7万 | -355.6% |
| Deferred Income Tax Liabilities, Net | $02025-12-31 | $427万 | -100.0% | $0 | $427万 | -100.0% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $339万2025-12-31 | $343万 | -1.4% | $339万 | $343万 | -1.4% |
| Deferred Tax Assets, Gross | $1.16亿2025-12-31 | $4520万 | +157.6% | $1.16亿 | $4520万 | +157.6% |
| Deferred Tax Assets, Net | $2140万2025-12-31 | $3170万 | -32.7% | $2140万 | $3170万 | -32.7% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5120万2025-12-31 | $2550万 | +100.6% | $5120万 | $2550万 | +100.6% |
| Deferred Tax Assets, Property, Plant and Equipment | $4760万2025-12-31 | $544万 | +775.8% | $4760万 | $544万 | +775.8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $439万2025-12-31 | $212万 | +107.2% | $439万 | $212万 | +107.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $259万2025-12-31 | $352万 | -26.4% | $259万 | $352万 | -26.4% |
| Deferred Tax Assets, Valuation Allowance | $9510万2025-12-31 | $1350万 | +606.1% | $9510万 | $1350万 | +606.1% |
| Deferred Tax Liabilities, Derivatives | $1220万2025-12-31 | $1830万 | -33.5% | $1220万 | $1830万 | -33.5% |
| Deferred Tax Liabilities, Gross | $2140万2025-12-31 | $3600万 | -40.7% | $2140万 | $3600万 | -40.7% |
| Deferred Tax Liabilities, Net | $02025-12-31 | $427万 | -100.0% | $0 | $427万 | -100.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $02025-12-31 | $0 | – | $0 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02