Cipher Digital reported a gross margin of 39.42% and a net margin of -1,077.14% for the quarter ended Jun 2026. These financial ratios cover 24 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||
| Gross Margin | 62.82% | 49.18% | 57.07% | 69.39% | 69.21% | 61.20% | 37.50% | 56.90% | 69.58% | 64.81% | 62.72% | 59.37% | 49.18% | 39.42% | ||||||||||
| EBT Margin | -20.47% | -40.30% | -65.07% | 33.57% | 94.45% | -40.11% | -375.72% | 36.80% | -79.31% | -102.98% | -5.00% | -1,236.42% | -326.97% | -1,075.66% | ||||||||||
| EBIT Margin | -18.82% | -38.72% | -63.05% | 35.01% | 97.19% | -43.93% | -379.20% | 40.45% | -77.80% | -103.85% | -52.46% | -503.45% | -328.86% | -316.21% | ||||||||||
| EBITDA Margin | 34.62% | 7.44% | -9.59% | 73.70% | 132.72% | 11.22% | -260.95% | 127.37% | 10.65% | -3.08% | 30.24% | -415.53% | -276.91% | -241.32% | ||||||||||
| Operating Margin | -18.82% | -38.72% | -63.05% | 35.01% | 97.19% | -43.93% | -379.20% | 40.45% | -77.80% | -103.85% | -52.46% | -503.45% | -328.86% | -316.21% | ||||||||||
| Net Margin | -20.79% | -42.27% | -61.45% | 24.40% | 82.89% | -41.54% | -359.95% | 39.25% | -80.90% | -105.61% | -3.93% | -1,228.93% | -328.14% | -1,077.14% | ||||||||||
| FCF Margin | -128.29% | -90.47% | -75.79% | -81.57% | -71.75% | -90.24% | -345.00% | -180.23% | -300.07% | -401.21% | -130.87% | -469.46% | -1,327.48% | -2,632.52% | ||||||||||
| Efficiency | ||||||||||||||||||||||||
| Assets AverageAssets Avg. | 0.28B | 0.37B | 0.36B | 0.35B | 0.37B | 0.41B | 0.42B | 0.41B | 0.42B | 0.49B | 0.62B | 0.73B | 0.78B | 0.82B | 0.88B | 0.97B | 1.93B | 3.57B | 5.34B | 6.95B | ||||
| Invested CapitalInvested Cap. | 0.35B | 0.33B | 0.39B | 0.35B | 0.35B | 0.49B | 0.75B | 0.81B | 0.92B | 1.81B | 3.59B | 5.80B | 6.20B | |||||||||||
| Asset Utilization RatioAsset Util. | 0.26 | 0.25 | 0.22 | 0.20 | 0.19 | 0.17 | 0.16 | 0.11 | 0.06 | 0.04 | 0.03 | |||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -87.81 | -10.28 | -24.93 | -30.47 | 31.28 | 116.97 | -43.47 | -264.14 | 28.95 | -49.02 | -39.79 | -29.25 | -9.01 | -1.94 | -1.18 | |||||||||
| Debt Ratio | 0.01 | 0.04 | 0.01 | 0.01 | 0.00 | 0.08 | 0.08 | 0.16 | 0.36 | 0.65 | 0.80 | 0.75 | ||||||||||||
| Times Interest Earned | -87.81 | -10.28 | -24.93 | -30.47 | 31.28 | 116.97 | -43.47 | -264.14 | 28.95 | -49.02 | -39.79 | -29.25 | -9.01 | -1.94 | -1.18 | |||||||||
| Valuation | ||||||||||||||||||||||||
| Price to EarningsP/E | -0.00B | -16.67 | -52.04 | -11.60 | 5.26 | -2.78 | -127.38 | -54.26 | -31.85 | 113.42 | 39.57 | -89.19 | -15.51 | 98.21 | -21.53 | -40.18 | -0.00B | -8.15 | -45.63 | -37.94 | ||||
| Price to SalesP/S | 26.49 | 22.94 | 19.57 | 27.68 | 32.80 | 37.05 | 55.85 | 38.55 | 17.42 | 42.44 | 69.11 | 100.10 | 149.72 | 408.63 | ||||||||||
| Price to BookP/B | 6.70 | 3.26 | 2.66 | 1.08 | 0.81 | 0.40 | 1.67 | 2.08 | 1.73 | 2.45 | 2.63 | 1.97 | 2.00 | 2.39 | 1.16 | 2.47 | 6.33 | 7.42 | 7.30 | 18.06 | ||||
| Enterprise Value | 2.27B | 0.94B | 0.81B | 0.30B | 0.25B | 0.11B | 0.56B | 0.69B | 0.56B | 1.13B | 1.46B | 1.20B | 1.29B | 1.59B | 0.83B | 1.79B | 3.71B | 3.62B | 1.51B | 6.15B | ||||
| EV to EBIT | -992.25 | -13.64 | -46.21 | -10.30 | 4.28 | -2.12 | -135.62 | -56.97 | -29.14 | 74.17 | 31.12 | -73.99 | -14.15 | 93.11 | -21.79 | -39.48 | -98.66 | -12.04 | -13.22 | -78.37 | ||||
| EV to EBITDA | -992.25 | -13.65 | -46.23 | -10.30 | 4.28 | -2.33 | 73.74 | 296.45 | -191.57 | 35.23 | 22.79 | 289.78 | -20.57 | 29.57 | 159.21 | -0.00B | 171.16 | -14.58 | -15.70 | -102.69 | ||||
| Market Capitalization | 2.55B | 1.15B | 0.91B | 0.34B | 0.31B | 0.14B | 0.58B | 0.72B | 0.59B | 1.20B | 1.58B | 1.36B | 1.35B | 1.63B | 0.85B | 1.85B | 4.96B | 5.98B | 5.22B | 10.15B | ||||
| Price to FCFP/FCF | -97.62 | -120.91 | -87.73 | -26.86 | -21.00 | -6.22 | -20.65 | -25.35 | -25.82 | -33.93 | -45.71 | -41.06 | -16.19 | -21.39 | -5.81 | -10.58 | -52.81 | -21.32 | -11.28 | -15.52 | ||||
| EV to FCF | -86.80 | -98.92 | -78.14 | -23.93 | -17.06 | -4.74 | -19.90 | -24.38 | -24.24 | -31.84 | -42.15 | -36.02 | -15.56 | -20.90 | -5.65 | -10.22 | -39.55 | -12.91 | -3.27 | -9.41 | ||||
| EV to CFO | -86.80 | -206.82 | -244.25 | -45.68 | 243.39 | -8.79 | -55.11 | -39.01 | -30.04 | -23.53 | -54.66 | -47.20 | -197.63 | -54.88 | -17.57 | -31.77 | -74.15 | -66.47 | 16.54 | -25.27 | ||||
| Return Ratios | ||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -18.82% | -38.72% | -63.05% | 35.01% | 97.19% | -43.93% | -379.20% | 40.45% | -77.80% | -103.85% | -52.46% | -503.45% | -328.86% | -316.21% | ||||||||||
| Return on Capital Employed [ROCE]ROCE | -1.13% | -19.64% | -25.89% | -36.27% | -16.01% | -10.04% | -6.28% | -1.80% | -22.53% | -4.40% | 5.21% | 3.87% | -6.36% | -6.39% | -17.24% | -17.25% | -7.64% | -14.70% | -12.16% | -9.54% | ||||
| Return on Invested Capital [ROIC]ROIC | -16.11% | -17.98% | -7.64% | -15.55% | -10.56% | -8.82% | ||||||||||||||||||
| Return on Assets [ROA]ROA | -1.11% | -19.62% | -25.17% | -33.80% | -15.12% | -9.01% | -5.84% | -1.99% | -20.68% | -5.25% | 3.00% | 2.28% | -6.65% | -5.59% | -14.14% | -16.12% | -3.72% | -23.06% | -16.79% | -16.10% |