Cipher Digital (CIFR) Free Cash Flow (2020 - 2026)
Cipher Digital (CIFR) posted Free Cash Flow of -$653.8 million for Q2 2026, down 41.38% on a QoQ basis from -$462.5 million in Q1 2026, and down 274.08% year-over-year from $375.6 million in Q2 2025.
Analysis
Cipher Digital (CIFR) Free Cash Flow (2020 - 2026) Analysis & Trends
Cipher Digital has reported Free Cash Flow for 7 years, with the latest figure at -$653.8 million in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 274.08% year-over-year to -$653.8 million in Q2 2026; TTM through Jun 2026 was -$1.5 billion, a 209.9% decrease from a year earlier, with the FY2025 full-year figure at -$695.9 million, down 206.54% from the prior year.
- Free Cash Flow was -$653.8 million for Q2 2026 at Cipher Digital, down from -$462.5 million in the prior quarter.
- The five-year high for Free Cash Flow was -$10.4 million in Q1 2022, with the low at -$653.8 million in Q2 2026.
- Average Free Cash Flow over 5 years is -$123.0 million, with a median of -$35.0 million recorded in 2023.
- The largest YoY upside for Free Cash Flow was 43.1% in 2022 against a maximum downside of 21525.0% in 2022.
- Over 5 years, Free Cash Flow stood at -$22.3 million in 2022, then sank by 58.92% to -$35.4 million in 2023, then tumbled by 114.87% to -$76.1 million in 2024, then tumbled by 268.35% to -$280.3 million in 2025, then slumped by 133.25% to -$653.8 million in 2026.
- The last three Free Cash Flow figures came in at -$653.8 million (Q2 2026), -$462.5 million (Q1 2026), and -$280.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | -511.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -992.27 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -653.84 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -1.16 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 207.99 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -583.95 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 254.27 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -4.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -653.84 Mn |
| Mar 31, 2026 | -462.47 Mn |
| Dec 31, 2025 | -280.32 Mn |
| Sep 30, 2025 | -93.84 Mn |
| Jun 30, 2025 | -174.79 Mn |
| Mar 31, 2025 | -146.91 Mn |
| Dec 31, 2024 | -76.10 Mn |
| Sep 30, 2024 | -83.15 Mn |
| Jun 30, 2024 | -33.22 Mn |
| Mar 31, 2024 | -34.54 Mn |
| Dec 31, 2023 | -35.42 Mn |
| Sep 30, 2023 | -22.97 Mn |
| Jun 30, 2023 | -28.25 Mn |
| Mar 31, 2023 | -28.09 Mn |
| Dec 31, 2022 | -22.29 Mn |
| Sep 30, 2022 | -14.85 Mn |
| Jun 30, 2022 | -12.62 Mn |
| Mar 31, 2022 | -10.38 Mn |
| Dec 31, 2021 | -9.55 Mn |
| Sep 30, 2021 | -26.10 Mn |