Cipher Digital (CIFR) EBITDA Margin (2023 - 2026)
Cipher Digital (CIFR) posted EBITDA Margin of 241.32% for Q2 2026, up 12.85% on a QoQ basis from 276.91% in Q1 2026, and down 23823.0% year-over-year from N/an in Q2 2025.
Powered by 
Analysis
Cipher Digital (CIFR) EBITDA Margin (2023 - 2026) Analysis & Trends
Cipher Digital has reported EBITDA Margin for 4 years, with the latest figure at 241.32% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 23823.0% year-over-year to 241.32% in Q2 2026; TTM through Jun 2026 was 200.34%, a 19704.0% decrease from a year earlier, with the FY2025 full-year figure at 99.38%, down 13819.0% from the prior year.
- EBITDA Margin was 241.32% for Q2 2026 at Cipher Digital, up from 276.91% in the prior quarter.
- The five-year high for EBITDA Margin was 132.72% in Q1 2024, with the low at 415.53% in Q4 2025.
- Average EBITDA Margin over 4 years is 55.67%, with a median of 9.04% recorded in 2023.
- The largest YoY upside for EBITDA Margin was 29119 bps in 2025 against a maximum downside of 54290 bps in 2025.
- Over 4 years, EBITDA Margin stood at 73.7% in 2023, then jumped by 73 bps to 127.37% in 2024, then sank by 426 bps to 415.53% in 2025, then surged by 42 bps to 241.32% in 2026.
- The last three EBITDA Margin figures came in at 241.32% (Q2 2026), 276.91% (Q1 2026), and 415.53% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 25.33% |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -266.29% |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -48.24% |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -241.32% |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 14.17% |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -47.79% |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 33.05% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 24.33% |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -9.32% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -252.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -241.32% |
| Mar 31, 2026 | -276.91% |
| Dec 31, 2025 | -415.53% |
| Sep 30, 2025 | 30.24% |
| Jun 30, 2025 | -3.08% |
| Mar 31, 2025 | 10.65% |
| Dec 31, 2024 | 127.37% |
| Sep 30, 2024 | -260.95% |
| Jun 30, 2024 | 11.22% |
| Mar 31, 2024 | 132.72% |
| Dec 31, 2023 | 73.70% |
| Sep 30, 2023 | -9.59% |
| Jun 30, 2023 | 7.44% |
| Mar 31, 2023 | 34.62% |