Cipher Digital (CIFR) EBITDA Margin (2023 - 2026)
Cipher Digital's EBITDA Margin was -238.24% in Q2 2026, down 236.04 percentage points from -2.19% a year earlier but up 36.05 percentage points from the prior quarter.
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Analysis
Cipher Digital (CIFR) EBITDA Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cipher Digital's EBITDA Margin was -199.36% through Jun 30, 2026, down 196.78 percentage points year-over-year; for FY2025, it came in at -99.40%, down 138.70 percentage points from FY2024.
- EBITDA Margin shows a three-year change of +987.89 percentage points (FY2022 to FY2025).
- In earlier years, EBITDA Margin was 39.30% in FY2024 (+8.47 pp), 30.82% in FY2023 (+1118.12 pp) and -1087.29% in FY2022.
- Quarterly EBITDA Margin has moved between -415.53% (Q4 2025) and 133.02% (Q1 2024) over five years.
- Compared with a year earlier, EBITDA Margin has declined for three straight quarters, with an average year-over-year change of -138.34 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q3 2025 (a gain of 290.64 percentage points); the worst was Q4 2025 (a drop of 543.38 percentage points).
- Per Business Quant data, CIFR's EBITDA Margin in the three quarters before Q2 2026 was -274.28% (Q1 2026), -415.53% (Q4 2025) and 30.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 57.36% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 23.10% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | -15.49% |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 46.55% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | 14.39% |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | 52.19% |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 69.70% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 11.50% |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 24.17% |
| 10 | Cipher Digital | 6.84 Bn | 3.48 Bn | 9.79 Mn | -238.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -238.24% |
| Mar 31, 2026 | -274.28% |
| Dec 31, 2025 | -415.53% |
| Sep 30, 2025 | 30.52% |
| Jun 30, 2025 | -2.19% |
| Mar 31, 2025 | 11.40% |
| Dec 31, 2024 | 127.85% |
| Sep 30, 2024 | -260.12% |
| Jun 30, 2024 | 11.76% |
| Mar 31, 2024 | 133.02% |
| Dec 31, 2023 | 73.98% |
| Sep 30, 2023 | -9.59% |
| Jun 30, 2023 | 26.30% |
| Mar 31, 2023 | 34.62% |
API Access
Cipher Digital EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CIFR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();