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Cipher Digital (CIFR) Operating Expenses (2022 - 2026)

Cipher Digital has reported Operating Expenses over the past 5 years, most recently at $149.4 million for Q1 2026.

  • For Q1 2026, Operating Expenses rose 71.64% year-over-year to $149.4 million; the TTM value through Mar 2026 reached $707.9 million, up 152.21%, while the annual FY2025 figure was $645.5 million, 231.08% up from the prior year.
  • Operating Expenses for Q1 2026 was $149.4 million at Cipher Digital, down from $360.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $360.3 million in Q4 2025 and troughed at -$52.8 million in Q4 2022.
  • A 5-year average of $64.5 million and a median of $53.0 million in 2024 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: crashed 183.42% in 2023 and later surged 6343.15% in 2025.
  • Year by year, Operating Expenses stood at -$52.8 million in 2022, then skyrocketed by 603.11% to $265.7 million in 2023, then crashed by 90.54% to $25.1 million in 2024, then skyrocketed by 1333.11% to $360.3 million in 2025, then crashed by 58.54% to $149.4 million in 2026.
  • Business Quant data shows Operating Expenses for CIFR at $149.4 million in Q1 2026, $360.3 million in Q4 2025, and $109.3 million in Q3 2025.