Cipher Digital Inc.
Company Stats
- Market Cap
- $6.6B
- as of Sep 30, 2026
- Enterprise Value
- $9.1B
- Shares Outstanding
- 415.0M
- Free Float
- 84.6%
Income Statement
- Revenue
- $223.9M
- Operating Income
- -$421.6M
- Net Income
- -$822.2M
- EBITDA
- -$222.6M
- Non-cash Impairment
- $45.3M
- Revenue Growth, 3Y
- 319.3%
- FCF Margin, 3Y Avg
- -183.7%
- FCF Margin, Worst Year
- -310.7%
Cash Flow
- Free Cash Flow
- -$695.9M
- FCF Yield
- -10.6%
- Owner FCF Yield
- -11.4%
Balance Sheet
- Cash & Equivalents
- $628.3M
- Total Debt
- $3.2B
- Net Debt
- $2.6B
Returns & Capital
- Share Repurchases
- $89.6M
- Buyback Yield, 3Y Avg
- 0.6%
- SBC, 3Y Avg
- $44.5M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $223.9M | -$695.9M | -310.7% |
| FY2024 | $151.3M | -$227.0M | -150.1% |
| FY2023 | $126.8M | -$114.7M | -90.4% |
| FY2022 | $3.0M | -$60.1M | -1980.0% |
| FY2021 | — | -$36.8M | — |
Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges