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) Operating margin

Alert me on Operating margin

Cipher Digital Inc.'s operating margin over the twelve months to 30 September 2026 was −387.2%, down 198.9 percentage points from fiscal 2025 (−188.3%). Over the past ten years it has ranged from −1,232.2% (fiscal 2022) to 0.00% (fiscal 2021); the current reading is higher than 33% of that period. That is below the Information Technology Services industry median of 1.81% and below the Technology sector median of 0.36%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −188.3% (159.36)
FY2024 −28.9% (13.03)
FY2023 −15.9% 1,216.31
FY2022 −1,232.2% (1,232.17)
FY2021 0.00% 0.00
FY2020 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −269.3% 46.88
Jun 2026 −316.2% 12.65
Mar 2026 −328.9% 174.59
Dec 2025 −503.5% (450.99)
21 more quarters

Against its own ten years

Low −1,232.2% High 0.00%
Ten-year median −22.4%
Current reading's percentile 8

Operating margin against peers

Company Operating margin
PENG Penguin Solutions, Inc. compare 9.56%
FORTY Formula Systems (1985) Ltd. compare 8.54%
GLOB Globant S.A. compare 7.65%
DXC DXC Technology Company. compare 2.83%
KD Kyndryl Holdings, Inc. compare 2.61%
CNXC Concentrix Corporation compare −20.9%
CIFR Cipher Digital Inc. −387.2%
CSQR Csquare, Inc. compare —
MGRT Mega Fortune Company Limited compare —
Information Technology Services industry median 1.81%
Technology sector median 0.36%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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