Cipher Digital (CIFR) Operating Expenses (2020 - 2026)

Cipher Digital's Operating Expenses history runs 7 years deep, the most recent figure standing at $11.7 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 31.17% year-over-year to $11.7 million in Q1 2026; TTM through Mar 2026 was $39.2 million, a 10.26% increase from a year earlier, with the FY2025 full-year figure at $36.4 million, up 11.41% from the prior year.
• Operating Expenses rose to $11.7 million in Q1 2026 per CIFR's latest filing, from $10.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $29.3 million in Q2 2022 and bottomed at $5.5 million in Q1 2023.
• The 5-year median for Operating Expenses is $9.0 million (2025), against an average of $11.3 million.
• Biggest YoY gain for Operating Expenses was 15299.12% in 2022; the steepest drop was 72.57% in 2022.
• Year by year, Operating Expenses stood at $19.0 million in 2022, then slumped by 64.09% to $6.8 million in 2023, then soared by 36.28% to $9.3 million in 2024, then climbed by 9.61% to $10.2 million in 2025, then gained by 15.27% to $11.7 million in 2026.
• Per Business Quant, the three latest CIFR Operating Expenses figures stand at $11.7 million (Q1 2026), $10.2 million (Q4 2025), and $8.2 million (Q3 2025).