The financials
Cipher Digital Inc. by the numbers
Cipher Digital Inc. (CIFR) reported revenue of $25M in Q2 2026 (quarter ended June 30, 2026), down 43% from the same quarter a year earlier. That came with a gross margin of 39% and net loss of $268M. For the full year FY2025, revenue was $224M (+48% year on year) and net income −$822M.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $25M | $44M | −43% |
| Gross profit | $9.8M | $28M | −65% |
| Operating income | −$79M | −$45M | n/a |
| Net income | −$268M | −$46M | n/a |
| Diluted EPS | −$0.65 | −$0.12 | n/a |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $34.8M (-51%)
Bitcoin Mining grew -29% year on year
Segment Latestquarter on quarteryear on year
- Bitcoin Mining$34.8M$34.8MQoQ -51%year on year -29%-51%-29%
Information Technology Services
Ranks #19 of 37 by Smart Score