Cipher Digital Inc.

CIFR Technology Information Technology Services

Cipher Digital Inc.’s revenue for fiscal 2025 (year ended December 2025) was $223.9 million, up 48.0% from fiscal 2024.

Revenue
−62.8%
EPS
+861.0%
Free cash flow
−1,669.4%
Total debt
+443.0%

Quarter to September 2026, against a year earlier

6.52 0.97 +17.48%
Market cap
$2.5B
P/E
0.0×
Fwd P/E
−5.5×
Dividend yield
—
F-score
3/9
Altman Z
0.92
Beneish M
−4.95
Dividend safety
n/a

Cipher Digital Inc. (CIFR) Gross margin

Alert me on Gross margin

Cipher Digital Inc.'s gross margin over the twelve months to 30 September 2026 was 50.5%, down 13.3 percentage points from fiscal 2025 (63.7%). Over the past ten years it has ranged from 0.00% (fiscal 2021) to 75.4% (fiscal 2022); the current reading is higher than 80% of that period. That is above the Information Technology Services industry median of 30.0% and above the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 63.7% 4.96
FY2024 58.8% (1.57)
FY2023 60.3% (15.03)
FY2022 75.4% 75.37
FY2021 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 42.5% 3.04
Jun 2026 39.4% (9.76)
Mar 2026 49.2% (10.19)
Dec 2025 59.4% (3.35)
17 more quarters

Against its own ten years

Low 0.00% High 75.4%
Ten-year median 60.3%
Current reading's percentile 8

Gross margin against peers

Company Gross margin
CIFR Cipher Digital Inc. 50.5%
GLOB Globant S.A. compare 34.5%
CNXC Concentrix Corporation compare 34.1%
PENG Penguin Solutions, Inc. compare 27.7%
KD Kyndryl Holdings, Inc. compare 22.3%
DXC DXC Technology Company. compare 22.3%
FORTY Formula Systems (1985) Ltd. compare 19.8%
CSQR Csquare, Inc. compare —
MGRT Mega Fortune Company Limited compare —
Information Technology Services industry median 30.0%
Technology sector median 47.1%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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