Cipher Digital (CIFR) EV to CFO (2020 - 2026)
Cipher Digital (CIFR) posted EV to CFO of 25.27 for Q2 2026, down 252.75% on a QoQ basis from 16.54 in Q1 2026, and up 20.45% year-over-year from 20.98 in Q2 2025.
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Cipher Digital (CIFR) EV to CFO (2020 - 2026) Analysis & Trends
Cipher Digital has reported EV to CFO for 7 years, with the latest figure at 25.27 in Q2 2026.
- On a quarterly basis, EV to CFO rose 20.45% year-over-year to 25.27 in Q2 2026; TTM through Jun 2026 was 24.0, a 86.72% decrease from a year earlier, with the FY2025 full-year figure at 17.4, up 4.26% from the prior year.
- EV to CFO was 25.27 for Q2 2026 at Cipher Digital, down from 16.54 in the prior quarter.
- The five-year high for EV to CFO was 243.39 in Q3 2022, with the low at 244.25 in Q1 2022.
- Average EV to CFO over 5 years is 42.0, with a median of 42.35 recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: EV to CFO jumped 380.39% in 2022, then plunged 557.78% in 2024.
- Over 5 years, EV to CFO stood at 8.79 in 2022, then tumbled by 167.85% to 23.53 in 2023, then tumbled by 133.24% to 54.88 in 2024, then declined by 21.11% to 66.47 in 2025, then soared by 61.98% to 25.27 in 2026.
- The last three EV to CFO figures came in at 25.27 (Q2 2026), 16.54 (Q1 2026), and 66.47 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -25.27 |
| Mar 31, 2026 | 16.54 |
| Dec 31, 2025 | -66.47 |
| Sep 30, 2025 | -74.15 |
| Jun 30, 2025 | -31.77 |
| Mar 31, 2025 | -17.57 |
| Dec 31, 2024 | -54.88 |
| Sep 30, 2024 | -197.63 |
| Jun 30, 2024 | -47.20 |
| Mar 31, 2024 | -54.66 |
| Dec 31, 2023 | -23.53 |
| Sep 30, 2023 | -30.04 |
| Jun 30, 2023 | -39.01 |
| Mar 31, 2023 | -55.11 |
| Dec 31, 2022 | -8.79 |
| Sep 30, 2022 | 243.39 |
| Jun 30, 2022 | -45.68 |
| Mar 31, 2022 | -244.25 |
| Dec 31, 2021 | -206.82 |
| Sep 30, 2021 | -86.80 |