Cipher Digital (CIFR) Operating Margin (2023 - 2026)
Cipher Digital (CIFR) posted Operating Margin of 316.21% for Q2 2026, up 3.85% on a QoQ basis from 328.86% in Q1 2026, and down 21235.0% year-over-year from N/an in Q2 2025.
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Cipher Digital (CIFR) Operating Margin (2023 - 2026) Analysis & Trends
Cipher Digital has reported Operating Margin for 4 years, with the latest figure at 316.21% in Q2 2026.
- On a quarterly basis, Operating Margin fell 21235.0% year-over-year to 316.21% in Q2 2026; TTM through Jun 2026 was 278.05%, a 17881.0% decrease from a year earlier, with the FY2025 full-year figure at 188.25%, down 15936.0% from the prior year.
- Operating Margin was 316.21% for Q2 2026 at Cipher Digital, up from 328.86% in the prior quarter.
- The five-year high for Operating Margin was 97.19% in Q1 2024, with the low at 503.45% in Q4 2025.
- Average Operating Margin over 4 years is 125.26%, with a median of 57.75% recorded in 2023.
- The largest YoY upside for Operating Margin was 32674 bps in 2025 against a maximum downside of 54390 bps in 2025.
- Over 4 years, Operating Margin stood at 35.01% in 2023, then climbed by 16 bps to 40.45% in 2024, then slumped by 1345 bps to 503.45% in 2025, then surged by 37 bps to 316.21% in 2026.
- The last three Operating Margin figures came in at 316.21% (Q2 2026), 328.86% (Q1 2026), and 503.45% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 25.33% |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -313.74% |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -48.24% |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -316.21% |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 14.22% |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -47.79% |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 8.25% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 9.03% |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -32.09% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -284.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -316.21% |
| Mar 31, 2026 | -328.86% |
| Dec 31, 2025 | -503.45% |
| Sep 30, 2025 | -52.46% |
| Jun 30, 2025 | -103.85% |
| Mar 31, 2025 | -77.80% |
| Dec 31, 2024 | 40.45% |
| Sep 30, 2024 | -379.20% |
| Jun 30, 2024 | -43.93% |
| Mar 31, 2024 | 97.19% |
| Dec 31, 2023 | 35.01% |
| Sep 30, 2023 | -63.05% |
| Jun 30, 2023 | -38.72% |
| Mar 31, 2023 | -18.82% |