CIFR · XBRL financial data

Cipher Digital financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (CIFR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	43*	48	37	24	42*	49	44	72	60*	35	25	27
Cost of revenue	13*	15	14	15	18*	15	15	27	24*	18	15	15
General and administrative	23*	6	8	9	9*	9	9	8	10*	12	16	26
Operating income (loss)	16*	47	(16)	(91)	17*	(38)	(45)	(38)	(301)*	(115)	(79)	(72)
Interest income	0*	1	1	1	0*	0	0	0	19*	32	36	33
Interest expense	0*	0	0	0	1*	1	1	1	33*	59	67	59
Other income (expense)	0*	(2)	1	(0)	(1)*	(0)	1	3	(410)*	(15)	(7)	3
Income tax expense (benefit)	4*	6	1	(4)	(2)*	0	1	(0)	(4)*	0	0	(0)
Net income (loss)	11*	40	(15)	(87)	18*	(39)	(46)	(3)	(734)*	(114)	(268)	32
Earnings per share, basic USD per share	0.04*	0.13	(0.05)	(0.26)	0.05*	(0.11)	(0.12)	(0.01)	(1.85)*	(0.28)	(0.65)	0.08
Earnings per share, diluted USD per share	0.04*	0.13	(0.05)	(0.26)	0.05*	(0.11)	(0.12)	(0.01)	(1.85)*	(0.28)	(0.65)	(0.22)
Weighted average shares, basic millions of shares	260*	297	314	333	348*	361	375	393	397*	405	409	415
Weighted average shares, diluted millions of shares	260*	304	314	333	341*	361	375	393	397*	405	409	440

Fiscal quarters (CIFR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	86	89	123	25	6	23	63	1,207	628	715	832	656
Prepaid and other current assets	4	3	4	3	3	3	7	4	8	30	34	56
Total current assets	155	250	309	152	168	155	220	1,419	2,653	3,894	4,132	2,487
Property and equipment, net	244	239	239	—	—	—	—	—	—	—	—	—
Right-of-use asset	7	7	10	11	13	12	12	12	11	8	36	32
Total assets	566	677	776	775	855	914	1,019	2,841	4,292	6,394	7,501	7,666
Accounts payable	—	—	—	—	23	30	15	12	40	198	289	217
Accrued liabilities	22	19	18	41	70	66	30	38	90	205	357	629
Current portion of long-term debt	—	—	—	—	—	—	—	—	38	355	94	113
Total current liabilities	34	31	36	59	132	139	53	570	699	1,246	1,379	1,470
Long-term debt	—	—	—	—	0	—	167	1,023	2,712	4,377	5,447	5,447
Lease liability, non-current	6	6	9	10	10	10	9	9	9	6	38	35
Total liabilities	75	76	85	103	173	179	270	2,058	3,456	5,654	6,914	7,040
Accumulated deficit	(137)	(97)	(112)	(199)	(181)	(220)	(266)	(269)	(1,004)	(1,118)	(1,386)	(1,354)
Total stockholders' equity	491	601	691	672	682	735	749	783	806	714	562	600
Total liabilities and equity	566	677	776	775	855	914	1,019	2,841	4,292	6,394	7,501	7,666
Common shares outstanding (cover page) millions of shares	296	310	329	348	362	371	393	395	405	409	415	456

Fiscal quarters (CIFR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	11*	40	(15)	(87)	18*	(39)	(46)	(3)	(734)*	(114)	(268)	32
Stock-based compensation	10*	8	13*	10*	10*	9	10*	8*	25*	27	31*	27*
Depreciation and amortization	year only	—	—	—	year only	43	44*	60*	52*	19	19*	19*
Net cash from operating activities	year only	(27)	(25)*	(7)*	(29)*	(47)	(56)*	(50)*	(54)*	92	(244)*	(131)*
Purchases of property and equipment	(13)*	8	8*	77*	47*	25	31*	206*	226*	554	410*	1,553*
Net cash from investing activities	94*	(31)	(31)*	(133)*	3*	(17)	(93)*	(21)*	(205)*	(474)	(323)*	(1,556)*
Proceeds from issuing common stock	124*	66	97*	62*	0*	35	52*	32*	77*	0	129*	0*
Share repurchases	1*	3	4*	4*	17*	1	3*	3*	82*	4	45*	20*
Net cash from financing activities	116*	60	91*	57*	6*	82	189*	1,215*	1,703*	1,964	880*	(20)*
Net change in cash	83*	3	34*	(83)*	(20)*	18	40*	1,144*	1,443*	1,582	313*	(1,707)*

SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Cipher Digital	656	27	(131)*	456.4M	0.7 quarters	Q3 FY26 10-QSep 30, 2026
Hut 8	157	71	not reported	120.0M	—	Q3 FY26 10-QSep 30, 2026
Walker & Dunlop	161	307	1,169*	34.3M	—	Q2 FY26 10-QJun 30, 2026
WhiteFiber	56	29	86*	38.8M	—	Q2 FY26 10-QJun 30, 2026
Riot Platforms	669	181	not reported	375.2M	—	Q3 FY26 10-QSep 30, 2026
Terawulf	2,619	45	(137)*	499.0M	19.2 quarters	Q2 FY26 10-QJun 30, 2026
Fidelity Ethereum Fund	0	not reported	93*	47.4M	—	Q2 FY26 10-QJun 30, 2026
Perella Weinberg Partners	150	251	73*	not reported	—	Q3 FY26 10-QSep 30, 2026
Burford Capital	464	147	not reported	219.6M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.