Cipher Mining Inc.
Cipher Mining Inc. (CIFRW) Financial Performance & Income Statement Overview
Analyze Cipher Mining Inc. (CIFRW) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Cipher Mining Inc. (CIFRW) Income Statement & Financial Overview
Explore comprehensive income reports for Cipher Mining Inc. CIFRW, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $48.96M | $42.22M | $24.10M | $36.81M |
| Cost of Revenue | $29.20M | $34.94M | $29.80M | $50.82M |
| Gross Profit | $19.76M | $7.29M | -$5.70M | -$14.009M |
| Gross Profit Ratio | $0.40 | $0.17 | -$0.24 | -$0.38 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $8.95M | $9.29M | $8.92M | $24.65M |
| Operating Expenses | $57.85M | -$9.79M | $85.69M | $8.37M |
| Total Costs & Expenses | $87.05M | $25.14M | $115.50M | $59.18M |
| Interest Income | $190000.00 | $357000.00 | $1.19M | $1.05M |
| Interest Expense | $777000.00 | $590000.00 | $346000.00 | $372000.00 |
| Depreciation & Amortization | $43.84M | $36.68M | $28.96M | $20.56M |
| EBITDA | $5.78M | $52.81M | -$61.25M | $6.17M |
| EBITDA Ratio | $0.12 | $1.25 | -$2.54 | $0.17 |
| Operating Income | -$38.09M | $17.08M | -$91.39M | -$22.37M |
| Operating Income Ratio | -$0.78 | $0.40 | -$3.79 | -$0.61 |
| Other Income/Expenses (Net) | -$743000.00 | -$1.54M | $838000.00 | $1.41M |
| Income Before Tax | -$38.83M | $15.54M | -$90.56M | -$14.76M |
| Income Before Tax Ratio | -$0.79 | $0.37 | -$3.76 | -$0.40 |
| Income Tax Expense | $144000.00 | -$1.97M | -$3.80M | $528000.00 |
| Net Income | -$38.98M | $17.51M | -$86.75M | -$15.29M |
| Net Income Ratio | -$0.80 | $0.41 | -$3.60 | -$0.42 |
| EPS | -$0.11 | $0.05 | -$0.26 | -$0.05 |
| Diluted EPS | -$0.11 | $0.05 | -$0.26 | -$0.05 |
| Weighted Avg Shares Outstanding | $360.51M | $348.10M | $332.68M | $314.35M |
| Weighted Avg Shares Outstanding (Diluted) | $360.51M | $364.35M | $332.68M | $314.35M |
Over the last four quarters, Cipher Mining Inc.'s revenue moved from $36.81M in Q2 2024 to $48.96M in Q1 2025. Operating income in Q1 2025 was -$38.09M, with a strong operating margin of -78%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Cipher Mining Inc. remained robust at $5.78M, reflecting operational efficiency. Net income dropped to -$38.98M, with an EPS of -$0.11. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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