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

Cipher Digital's Operating Expenses history runs 7 years deep, the most recent figure standing at $149.4 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 71.64% year-over-year to $149.4 million; the TTM figure through Mar 2026 stood at $707.9 million (up 152.21% YoY), while the FY2025 annual figure was $645.5 million, up 231.08% from the prior year.
• Operating Expenses was $149.4 million for Q1 2026 at Cipher Digital, down from $360.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $360.3 million in Q4 2025 to a low of -$52.8 million in Q4 2022.
• Historically, Operating Expenses has averaged $64.5 million across 5 years, with a median of $53.0 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses plunged 15634.51% in 2022, then surged 6343.15% in 2025.
• A 5-year view of Operating Expenses shows it stood at -$52.8 million in 2022, then surged by 603.11% to $265.7 million in 2023, then tumbled by 90.54% to $25.1 million in 2024, then surged by 1333.11% to $360.3 million in 2025, then slumped by 58.54% to $149.4 million in 2026.
• The last three Operating Expenses figures came in at $149.4 million (Q1 2026), $360.3 million (Q4 2025), and $109.3 million (Q3 2025), per Business Quant data.