Cipher Digital (CIFR) Revenue (2023 - 2026)
Cipher Digital (CIFR) posted Revenue of $24.8 million for Q2 2026, down 28.71% on a QoQ basis from $34.8 million in Q1 2026, and down 42.99% year-over-year from $43.6 million in Q2 2025.
Analysis
Cipher Digital (CIFR) Revenue (2023 - 2026) Analysis & Trends
Cipher Digital has reported Revenue for 4 years, with the latest figure at $24.8 million in Q2 2026.
- On a quarterly basis, Revenue fell 42.99% year-over-year to $24.8 million in Q2 2026; TTM through Jun 2026 was $191.1 million, a 20.3% increase from a year earlier, with the FY2025 full-year figure at $223.9 million, up 48.04% from the prior year.
- Revenue was $24.8 million for Q2 2026 at Cipher Digital, down from $34.8 million in the prior quarter.
- The five-year high for Revenue was $71.7 million in Q3 2025, with the low at $21.9 million in Q1 2023.
- Average Revenue over 4 years is $40.1 million, with a median of $39.5 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Revenue soared 197.51% in 2025, then sank 42.99% in 2026.
- Over 4 years, Revenue stood at $43.4 million in 2023, then slipped by 2.75% to $42.2 million in 2024, then surged by 41.42% to $59.7 million in 2025, then tumbled by 58.4% to $24.8 million in 2026.
- The last three Revenue figures came in at $24.8 million (Q2 2026), $34.8 million (Q1 2026), and $59.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 101.08 Bn | 98.85 Bn | 1.40 Bn | 2.63 Bn |
| 2 | Terawulf | 7.85 Bn | 5.09 Bn | 32.37 Mn | 44.77 Mn |
| 3 | Applied Digital | 7.10 Bn | 3.13 Bn | 97.29 Mn | 258.75 Mn |
| 4 | Cipher Digital | 6.55 Bn | 2.53 Bn | 9.79 Mn | 24.84 Mn |
| 5 | GDS Holdings | 5.90 Bn | 3.71 Bn | 97.89 Mn | 455.11 Mn |
| 6 | Core Scientific | 5.67 Bn | 3.73 Bn | 70.04 Mn | 164.20 Mn |
| 7 | Vnet | 1.71 Bn | 723.63 Mn | 74.45 Mn | 409.54 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 130.47 Mn |
| 9 | WhiteFiber | 714.88 Mn | 654.51 Mn | 18.88 Mn | 28.84 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 3.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.84 Mn |
| Mar 31, 2026 | 34.84 Mn |
| Dec 31, 2025 | 59.71 Mn |
| Sep 30, 2025 | 71.71 Mn |
| Jun 30, 2025 | 43.57 Mn |
| Mar 31, 2025 | 48.96 Mn |
| Dec 31, 2024 | 42.22 Mn |
| Sep 30, 2024 | 24.10 Mn |
| Jun 30, 2024 | 36.81 Mn |
| Mar 31, 2024 | 48.14 Mn |
| Dec 31, 2023 | 43.42 Mn |
| Sep 30, 2023 | 30.30 Mn |
| Jun 30, 2023 | 31.22 Mn |
| Mar 31, 2023 | 21.90 Mn |