Cipher Digital (CIFR) EV to FCF (2020 - 2026)
Cipher Digital (CIFR) posted EV to FCF of 9.41 for Q2 2026, down 187.46% on a QoQ basis from 3.27 in Q1 2026, and up 7.88% year-over-year from 8.73 in Q2 2025.
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Cipher Digital (CIFR) EV to FCF (2020 - 2026) Analysis & Trends
Cipher Digital has reported EV to FCF for 7 years, with the latest figure at 9.41 in Q2 2026.
- On a quarterly basis, EV to FCF rose 7.88% year-over-year to 9.41 in Q2 2026; TTM through Jun 2026 was 4.13, a 11.2% decrease from a year earlier, with the FY2025 full-year figure at 5.2, up 25.79% from the prior year.
- EV to FCF was 9.41 for Q2 2026 at Cipher Digital, down from 3.27 in the prior quarter.
- The five-year high for EV to FCF was 3.27 in Q1 2026, with the low at 78.14 in Q1 2022.
- Average EV to FCF over 5 years is 23.33, with a median of 20.4 recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: EV to FCF surged 99.83% in 2022, then sank 571.63% in 2023.
- Over 5 years, EV to FCF stood at 4.74 in 2022, then tumbled by 571.63% to 31.84 in 2023, then jumped by 34.35% to 20.9 in 2024, then soared by 38.24% to 12.91 in 2025, then climbed by 27.07% to 9.41 in 2026.
- The last three EV to FCF figures came in at 9.41 (Q2 2026), 3.27 (Q1 2026), and 12.91 (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 | -9.41 |
| Mar 31, 2026 | -3.27 |
| Dec 31, 2025 | -12.91 |
| Sep 30, 2025 | -39.55 |
| Jun 30, 2025 | -10.22 |
| Mar 31, 2025 | -5.65 |
| Dec 31, 2024 | -20.90 |
| Sep 30, 2024 | -15.56 |
| Jun 30, 2024 | -36.02 |
| Mar 31, 2024 | -42.15 |
| Dec 31, 2023 | -31.84 |
| Sep 30, 2023 | -24.24 |
| Jun 30, 2023 | -24.38 |
| Mar 31, 2023 | -19.90 |
| Dec 31, 2022 | -4.74 |
| Sep 30, 2022 | -17.06 |
| Jun 30, 2022 | -23.93 |
| Mar 31, 2022 | -78.14 |
| Dec 31, 2021 | -98.92 |
| Sep 30, 2021 | -86.80 |