Cipher Digital CIFR
NASDAQ CIFR
$16.73 +1.64 (+10.89%)
As of: Sep 16, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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