CIFR · XBRL financial data

Cipher Digital financial statements, every fiscal year

The same tables from 8 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 years (CIFR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	—	—	3	127	151	224
Cost of revenue	—	—	1	50	62	81
General and administrative	—	—	71	85	33	36
Operating income (loss)	(0)	—	(37)	(20)	(44)	(422)
Interest income	0	—	0	0	3	19
Interest expense	—	—	0	2	2	37
Other income (expense)	—	—	—	(0)	(3)	(406)
Income tax expense (benefit)	—	—	2	4	0	(3)
Net income (loss)	(0)	—	(39)	(26)	(45)	(822)
Earnings per share, basic USD per share	—	—	(0.16)	(0.10)	(0.14)	(2.15)
Earnings per share, diluted USD per share	—	—	(0.16)	(0.10)	(0.14)	(2.15)
Weighted average shares, basic millions of shares	—	—	248	252	323	382
Weighted average shares, diluted millions of shares	—	—	248	252	323	382

† Share count changed about 12x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1	210	12	86	6	628
Marketable securities	170	—	—	—	—	—
Accounts receivable	—	—	0	—	—	—
Prepaid and other current assets	—	14	7	4	3	8
Total current assets	2	224	48	155	168	2,653
Property and equipment, net	—	5	192	244	—	—
Right-of-use asset	—	—	5	7	13	11
Total assets	172	354	418	566	855	4,292
Accounts payable	—	0	14	—	23	40
Accrued liabilities	—	0	19	22	70	90
Current portion of long-term debt	—	—	—	—	—	38
Total current liabilities	0	0	40	34	132	699
Long-term debt	—	—	—	—	0	2,712
Lease liability, non-current	—	—	4	6	10	9
Total liabilities	0	1	76	75	173	3,456
Accumulated deficit	(0)	(72)	(111)	(137)	(181)	(1,004)
Total stockholders' equity	1	354	343	491	682	806
Total liabilities and equity	172	354	418	566	855	4,292
Common shares outstanding (cover page) millions of shares	21	250	249	296	362	405

† Share count changed about 12x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(0)	—	(39)	(26)	(45)	(822)
Stock-based compensation	—	—	42	38	42	53
Depreciation and amortization	—	—	—	59	102	199
Net cash from operating activities	—	—	(21)	(94)	(88)	(208)
Purchases of property and equipment	—	—	40	20	139	488
Net cash from investing activities	—	—	(174)	53	(192)	(337)
Proceeds from issuing common stock	—	—	—	136	225	195
Share repurchases	—	—	3	4	28	90
Net cash from financing activities	—	—	(3)	116	214	3,189
Net change in cash	—	—	(198)	74	(66)	2,645

† Share count changed about 12x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

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.