Cipher Digital (CIFR) Selling, General & Administrative (2021 - 2026)
Cipher Digital (CIFR) reported Selling, General & Administrative of $16.48 million for Q2 2026, up 81.5% from $9.08 million a year earlier and up 40.4% from the prior quarter.
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Analysis
Cipher Digital (CIFR) Selling, General & Administrative (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cipher Digital's Selling, General & Administrative came in at $46.57 million, up 28.5% year-over-year; for FY2025, it came in at $36.38 million, up 11.4% from FY2024.
- Selling, General & Administrative has a four-year compound annual growth rate of -15.7% (FY2021 to FY2025).
- By year, Selling, General & Administrative came in at $32.66 million in FY2024 (+17.5%), $27.8 million in FY2023 (-60.8%), $70.84 million in FY2022 (-1.8%) and $72.15 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Selling, General & Administrative since Q4 2022.
- Year over year, Selling, General & Administrative has now increased in each of the last three quarters, with growth averaging 29.6% over the last eight quarters.
- The high point for year-over-year Selling, General & Administrative in five years was Q3 2022 (growth of 677.7%); the low point was Q4 2022 (a decline of 72.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $11.74 million (Q1 2026), $10.19 million (Q4 2025) and $8.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 2.29 Bn |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 4.98 Bn |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | 118.91 Mn |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 462.00 Mn |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | 173.90 Mn |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | 178.00 Mn |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | 60.80 Mn |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | 72.41 Mn |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | 187.69 Mn |
| 10 | Cipher Digital | 6.51 Bn | 3.15 Bn | 9.79 Mn | 16.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.48 Mn |
| Mar 31, 2026 | 11.74 Mn |
| Dec 31, 2025 | 10.19 Mn |
| Sep 30, 2025 | 8.17 Mn |
| Jun 30, 2025 | 9.08 Mn |
| Mar 31, 2025 | 8.95 Mn |
| Dec 31, 2024 | 9.29 Mn |
| Sep 30, 2024 | 8.92 Mn |
| Jun 30, 2024 | 8.37 Mn |
| Mar 31, 2024 | 6.08 Mn |
| Dec 31, 2023 | 6.82 Mn |
| Sep 30, 2023 | 6.83 Mn |
| Jun 30, 2023 | 8.67 Mn |
| Mar 31, 2023 | 5.48 Mn |
| Dec 31, 2022 | 18.99 Mn |
| Sep 30, 2022 | 17.76 Mn |
| Jun 30, 2022 | 16.70 Mn |
| Mar 31, 2022 | 17.39 Mn |
| Dec 31, 2021 | 69.21 Mn |
| Sep 30, 2021 | 2.28 Mn |
API Access
Cipher Digital Selling, General & Administrative API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "ticker": "CIFR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();