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.

• 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 was 49.18% for Q1 2026 at Cipher Digital, down from 59.37% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 69.58% in Q1 2025 to a low of 37.5% in Q3 2024.
• Historically, Gross Margin has averaged 59.15% across 4 years, with a median of 61.2% in 2024.
• The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 2522 bps in 2025, then slumped 2040 bps in 2026.
• A 4-year view of Gross Margin shows it 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.
• The last three Gross Margin figures came in at 49.18% (Q1 2026), 59.37% (Q4 2025), and 62.72% (Q3 2025), per Business Quant data.