Cipher Digital (CIFR) Net Margin (2023 - 2026)
Cipher Digital (CIFR) posted Net Margin of 1077.14% for Q2 2026, down 228.26% on a QoQ basis from 328.14% in Q1 2026, and down 97153.0% year-over-year from N/an in Q2 2025.
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Cipher Digital (CIFR) Net Margin (2023 - 2026) Analysis & Trends
Cipher Digital has reported Net Margin for 4 years, with the latest figure at 1077.14% in Q2 2026.
- On a quarterly basis, Net Margin fell 97153.0% year-over-year to 1077.14% in Q2 2026; TTM through Jun 2026 was 585.3%, a 48722.0% decrease from a year earlier, with the FY2025 full-year figure at 367.17%, down 33704.0% from the prior year.
- Net Margin was 1077.14% for Q2 2026 at Cipher Digital, down from 328.14% in the prior quarter.
- The five-year high for Net Margin was 82.89% in Q1 2024, with the low at 1228.93% in Q4 2025.
- Average Net Margin over 4 years is 228.86%, with a median of 51.86% recorded in 2023.
- The largest YoY upside for Net Margin was 35601 bps in 2025 against a maximum downside of 126818 bps in 2025.
- Over 4 years, Net Margin stood at 24.4% in 2023, then surged by 61 bps to 39.25% in 2024, then tumbled by 3231 bps to 1228.93% in 2025, then climbed by 12 bps to 1077.14% in 2026.
- The last three Net Margin figures came in at 1077.14% (Q2 2026), 328.14% (Q1 2026), and 1228.93% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 18.17% |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -2,076.90% |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -43.18% |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -1,077.14% |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 27.05% |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -703.59% |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | -5.21% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 10.40% |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -51.93% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -292.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,077.14% |
| Mar 31, 2026 | -328.14% |
| Dec 31, 2025 | -1,228.93% |
| Sep 30, 2025 | -3.93% |
| Jun 30, 2025 | -105.61% |
| Mar 31, 2025 | -80.90% |
| Dec 31, 2024 | 39.25% |
| Sep 30, 2024 | -359.95% |
| Jun 30, 2024 | -41.54% |
| Mar 31, 2024 | 82.89% |
| Dec 31, 2023 | 24.40% |
| Sep 30, 2023 | -61.45% |
| Jun 30, 2023 | -42.27% |
| Mar 31, 2023 | -20.79% |