Cipher Digital (CIFR) Gross Margin (2023 - 2026)
Cipher Digital (CIFR) posted quarterly Gross Margin of 49.18% for Q1 2026, down 2040.0% year-over-year from 2.54% in Q1 2025, and down 17.17% quarter-over-quarter from 59.37% in Q4 2025.
Cipher Digital (CIFR) Gross Margin (2023 - 2026) Analysis & Trends
Cipher Digital's Gross Margin history runs 4 years deep, the most recent figure standing at 49.18% for Q1 2026.
- In Q1 2026, Gross Margin fell 2040.0% year-over-year to 49.18%; the TTM figure through Mar 2026 stood at 59.95% (up 101.0% YoY), while the FY2025 annual figure was 63.73%, up 496.0% from the prior year.
- Gross Margin for Q1 2026 stood at 49.18%, down from 59.37% in the prior quarter.
- The five-year high for Gross Margin was 69.58% in Q1 2025, with the low at 37.5% in Q3 2024.
- The 4-year median for Gross Margin is 61.2% (2024), against an average of 59.15%.
- The sharpest annual moves came in 2025 and 2026: Gross Margin soared 2522 bps in 2025, then sank 2040 bps in 2026.
- Cipher Digital's Gross Margin stood at 69.39% in 2023, then declined by 18 bps to 56.9% in 2024, then gained by 4 bps to 59.37% in 2025, then retreated by 17 bps to 49.18% in 2026.
- Business Quant data shows CIFR's Gross Margin at 49.18% in Q1 2026, 59.37% in Q4 2025, and 62.72% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 17.92% |
| 10 | Cipher Digital | 7.02 Bn | 3.00 Bn | 9.79 Mn | 39.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.42% |
| Mar 31, 2026 | 49.18% |
| Dec 31, 2025 | 59.37% |
| Sep 30, 2025 | 62.72% |
| Jun 30, 2025 | 64.81% |
| Mar 31, 2025 | 69.58% |
| Dec 31, 2024 | 56.90% |
| Sep 30, 2024 | 37.50% |
| Jun 30, 2024 | 61.20% |
| Mar 31, 2024 | 69.21% |
| Dec 31, 2023 | 69.39% |
| Sep 30, 2023 | 57.07% |
| Jun 30, 2023 | 49.18% |
| Mar 31, 2023 | 62.82% |