Cipher Digital (CIFR) Gross Margin (2023 - 2026)

Cipher Digital's Gross Margin history runs 4 years deep, the most recent figure standing at 49.18% for Q1 2026.

• On a quarterly basis, Gross Margin fell 2040.0% year-over-year to 49.18% in Q1 2026; TTM through Mar 2026 was 59.95%, a 101.0% increase from a year earlier, with the FY2025 full-year figure at 63.73%, up 496.0% from the prior year.
• Gross Margin fell to 49.18% in Q1 2026 per CIFR's latest filing, from 59.37% in the prior quarter.
• Across five years, Gross Margin topped out at 69.58% in Q1 2025 and bottomed at 37.5% in Q3 2024.
• The 4-year median for Gross Margin is 61.2% (2024), against an average of 59.15%.
• Across the five-year window, Gross Margin soared 2522 bps in 2025 and slumped 2040 bps in 2026, its largest moves.
• Year by year, Gross Margin stood at 69.39% in 2023, then fell by 18 bps to 56.9% in 2024, then advanced by 4 bps to 59.37% in 2025, then decreased by 17 bps to 49.18% in 2026.
• Per Business Quant, the three latest CIFR Gross Margin figures stand at 49.18% (Q1 2026), 59.37% (Q4 2025), and 62.72% (Q3 2025).