Cipher Digital CIFR
NASDAQ CIFR
$17.74 +0.37 (+2.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Cipher Digital (CIFR) posted Cost of Revenue of $15.0 million for Q2 2026, down 15.02% on a QoQ basis from $17.7 million in Q1 2026, and down 1.85% year-over-year from $15.3 million in Q2 2025.

Analysis

Cipher Digital (CIFR) Cost of Revenue (2023 - 2026) Analysis & Trends

Cipher Digital has reported Cost of Revenue for 4 years, with the latest figure at $15.0 million in Q2 2026.

  • On a quarterly basis, Cost of Revenue fell 1.85% year-over-year to $15.0 million in Q2 2026; TTM through Jun 2026 was $83.7 million, a 31.91% increase from a year earlier, with the FY2025 full-year figure at $81.2 million, up 30.23% from the prior year.
  • Cost of Revenue was $15.0 million for Q2 2026 at Cipher Digital, down from $17.7 million in the prior quarter.
  • The five-year high for Cost of Revenue was $26.7 million in Q3 2025, with the low at $8.1 million in Q1 2023.
  • Average Cost of Revenue over 4 years is $16.2 million, with a median of $15.1 million recorded in 2024.
  • The largest YoY upside for Cost of Revenue was 82.04% in 2024 against a maximum downside of 10.0% in 2024.
  • Over 4 years, Cost of Revenue stood at $13.3 million in 2023, then soared by 36.92% to $18.2 million in 2024, then soared by 33.29% to $24.3 million in 2025, then tumbled by 37.98% to $15.0 million in 2026.
  • The last three Cost of Revenue figures came in at $15.0 million (Q2 2026), $17.7 million (Q1 2026), and $24.3 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Equinix 102.22 Bn 100.02 Bn 1.40 Bn 1.23 Bn
2 Terawulf 8.24 Bn 5.48 Bn 32.37 Mn 12.40 Mn
3 Applied Digital 7.59 Bn 5.57 Bn 97.29 Mn 161.46 Mn
4 Cipher Digital 7.35 Bn 3.35 Bn 9.79 Mn 15.05 Mn
5 GDS Holdings 6.47 Bn 4.41 Bn 97.89 Mn 357.22 Mn
6 Core Scientific 5.72 Bn 3.78 Bn 70.04 Mn 94.16 Mn
7 Vnet 1.71 Bn 828.02 Mn 74.45 Mn 335.08 Mn
8 Sify Technologies 1.56 Bn 1.56 Bn 51.65 Mn 78.82 Mn
9 WhiteFiber 758.96 Mn 698.59 Mn 18.88 Mn 9.96 Mn
10 Vulcan Infrastructure & Power 445.09 Mn 441.89 Mn -1.25 Mn 4.63 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 15.05 Mn
Mar 31, 2026 17.71 Mn
Dec 31, 2025 24.26 Mn
Sep 30, 2025 26.73 Mn
Jun 30, 2025 15.33 Mn
Mar 31, 2025 14.89 Mn
Dec 31, 2024 18.20 Mn
Sep 30, 2024 15.06 Mn
Jun 30, 2024 14.28 Mn
Mar 31, 2024 14.82 Mn
Dec 31, 2023 13.29 Mn
Sep 30, 2023 13.01 Mn
Jun 30, 2023 15.87 Mn
Mar 31, 2023 8.14 Mn