Cipher Digital (CIFR) Tax Rate (2023 - 2024)
Cipher Digital (CIFR) recorded Tax Rate of -0.14% in Q2 2026, up 1.91 percentage points from -2.04% a year earlier and up 0.22 percentage points from the prior quarter.
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Analysis
Cipher Digital (CIFR) Tax Rate (2023 - 2024) Analysis & Trends
On a TTM basis, Cipher Digital's Tax Rate came in at 0.32% as of Jun 30, 2026, down 2.65 percentage points year-over-year; for FY2025, it came in at 0.40%, up 1.12 percentage points from FY2024.
- Annual Tax Rate has a three-year change of +5.35 percentage points (FY2022 to FY2025).
- Across earlier years, Tax Rate came in at -0.72% in FY2024 (+15.34 pp), -16.06% in FY2023 (-11.12 pp) and -4.94% in FY2022.
- Quarterly Tax Rate has ranged from -12.69% in Q4 2024 to 27.30% in Q4 2023 over the past five years.
- On a year-over-year basis, Tax Rate has increased for five consecutive quarters, with an average year-over-year change of -4.13 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 13.80 percentage points in Q1 2024, against a drop of 39.99 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.36% (Q1 2026), 0.55% (Q4 2025) and 8.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 18.80% |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 12.63% |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | - |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | 8.80% |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn | 23.12% |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn | 20.62% |
| 10 | Cipher Digital | 6.55 Bn | 3.20 Bn | 9.79 Mn | - |
API Access
Cipher Digital Tax Rate 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=tax-rate&ticker=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();