Cipher Digital (CIFR) Operating Margin (2023 - 2026)

Cipher Digital's Operating Margin history runs 4 years deep, the most recent figure standing at 328.86% for Q1 2026.

• In Q1 2026, Operating Margin fell 25107.0% year-over-year to 328.86%; the TTM figure through Mar 2026 stood at 237.37% (down 15283.0% YoY), while the FY2025 annual figure was 188.25%, down 15936.0% from the prior year.
• Operating Margin was 328.86% for Q1 2026 at Cipher Digital, up from 503.45% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 97.19% in Q1 2024 to a low of 503.45% in Q4 2025.
• Historically, Operating Margin has averaged 110.58% across 4 years, with a median of 52.46% in 2025.
• Biggest YoY gain for Operating Margin was 32674 bps in 2025; the steepest drop was 54390 bps in 2025.
• A 4-year view of Operating Margin shows it stood at 35.01% in 2023, then advanced by 16 bps to 40.45% in 2024, then tumbled by 1345 bps to 503.45% in 2025, then surged by 35 bps to 328.86% in 2026.
• The last three Operating Margin figures came in at 328.86% (Q1 2026), 503.45% (Q4 2025), and 52.46% (Q3 2025), per Business Quant data.