📊 CIFR Key Takeaways
Investment Thesis
Cipher Digital exhibits severe financial distress with massive operating losses (-$421.6M), negative free cash flow (-$695.9M), and deteriorating profitability despite 48% revenue growth. The company is burning cash at an unsustainable rate while carrying excessive debt ($2.7B) relative to equity, indicating fundamental business model failure masked by top-line growth.
CIFR Strengths
- Strong revenue growth of 48% YoY demonstrates market demand and customer acquisition
- Adequate liquidity with 3.79x current ratio and $628.3M cash provides near-term runway
- Moderate insider activity (14 Form 4 filings) suggests management engagement
CIFR Risks
- Operating losses of -$421.6M with -188.2% operating margin indicate inability to control costs despite significant revenue
- Negative free cash flow of -$695.9M is unsustainable; company is burning $695.9M annually with only $628.3M cash remaining
- Debt-to-equity ratio of 3.37x combined with negative cash generation poses imminent solvency risk; existing cash covers less than 1 year of losses
- Net loss of -$822.2M with -367.2% net margin shows operational model is fundamentally broken
- Massive capital expenditure of $487.9M with negative returns indicates poor capital allocation
Key Metrics to Watch
- Operating cash flow trajectory and path to positive OCF
- Operating margin improvement and cost structure rationalization
- Cash burn rate and runway duration at current burn rates
- Debt refinancing needs and covenant compliance
- Revenue quality - whether growth can eventually achieve profitability at scale
CIFR Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 3.79x current ratio provides a solid financial cushion.
CIFR Profitability Ratios
CIFR vs Finance Sector
How Cipher Digital Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CIFR Balance Sheet & Liquidity
CIFR 5-Year Financial Trend
5-Year Trend Summary: Cipher Digital Inc.'s revenue has grown significantly by 7,274% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.10 indicates the company is currently unprofitable.
CIFR Growth Metrics (YoY)
CIFR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $24.1M | -$3.3M | $-0.01 |
| Q2 2025 | $36.8M | -$15.3M | $-0.05 |
| Q1 2025 | $48.1M | -$39.0M | $-0.11 |
| Q3 2024 | $24.1M | -$18.6M | $-0.07 |
| Q2 2024 | $31.2M | -$13.2M | $-0.05 |
| Q1 2024 | $21.9M | -$4.6M | $-0.02 |
| Q3 2023 | $30.3M | $12.6M | $0.05 |
| Q2 2023 | $31.2M | -$12.7M | $-0.05 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CIFR Capital Allocation
CIFR SEC Filings
Access official SEC EDGAR filings for Cipher Digital Inc. (CIK: 0001819989)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 19, 2026 | 4 | xslF345X06/wk-form4_1773951573.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772847694.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772231072.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772231033.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772230991.xml | View → |
❓ Frequently Asked Questions about CIFR
What is the AI rating for CIFR?
Cipher Digital Inc. (CIFR) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CIFR's key strengths?
Strong revenue growth of 48% YoY demonstrates market demand and customer acquisition. Adequate liquidity with 3.79x current ratio and $628.3M cash provides near-term runway.
What are the risks of investing in CIFR?
Operating losses of -$421.6M with -188.2% operating margin indicate inability to control costs despite significant revenue. Negative free cash flow of -$695.9M is unsustainable; company is burning $695.9M annually with only $628.3M cash remaining.
What is CIFR's revenue and growth?
Cipher Digital Inc. reported revenue of $223.9M.
Does CIFR pay dividends?
Cipher Digital Inc. does not currently pay dividends.
Where can I find CIFR SEC filings?
Official SEC filings for Cipher Digital Inc. (CIK: 0001819989) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CIFR's EPS?
Cipher Digital Inc. has a diluted EPS of $-2.15.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.