Cipher Digital (CIFR) Cost of Revenue (2023 - 2026)

Cipher Digital's Cost of Revenue history runs 4 years deep, the most recent figure standing at $17.7 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 18.87% year-over-year to $17.7 million; the TTM figure through Mar 2026 stood at $84.0 million (up 34.58% YoY), while the FY2025 annual figure was $81.2 million, up 30.23% from the prior year.
• Cost of Revenue was $17.7 million for Q1 2026 at Cipher Digital, down from $24.3 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $26.7 million in Q3 2025 to a low of $8.1 million in Q1 2023.
• Historically, Cost of Revenue has averaged $16.3 million across 4 years, with a median of $15.1 million in 2024.
• Biggest YoY gain for Cost of Revenue was 82.04% in 2024; the steepest drop was 10.0% in 2024.
• A 4-year view of Cost of Revenue shows it stood at $13.3 million in 2023, then surged by 36.92% to $18.2 million in 2024, then surged by 33.29% to $24.3 million in 2025, then dropped by 27.02% to $17.7 million in 2026.
• The last three Cost of Revenue figures came in at $17.7 million (Q1 2026), $24.3 million (Q4 2025), and $26.7 million (Q3 2025), per Business Quant data.