Financials in USD. Standardized financial statements.
A compact view of how Cipher Mining Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue? | $223.94M | $151.27M | $126.84M | $3.04M | $0 | $0 |
| Revenue Growth? | +48.0% | +19.3% | +4076.6% | 0.0% | 0.0% | 0.0% |
| Cost of Revenue? | $160.34M | $123.16M | $50.31M | $748,000 | $4,867 | $0 |
| Gross Profit? | $63.60M | $28.11M | $76.53M | $2.29M | -$4,867 | $0 |
| Gross Margin? | +28.4% | +18.6% | +60.3% | +75.4% | 0.0% | 0.0% |
| Operating Expenses? | $401.00M | $71.81M | $96.65M | $39.71M | $72.15M | $153,657 |
| Operating Income? | -$337.40M | -$43.70M | -$20.11M | -$37.42M | -$72.15M | -$153,657 |
| EBITDA? | -$588.38M | $61.09M | $39.70M | -$31.93M | -$72.12M | $1.11M |
| Income Before Tax | -$825.56M | -$44.32M | -$22.21M | -$37.21M | -$72.15M | $1.11M |
| Income Tax Expense | -$3.31M | $318,000 | $3.57M | $1.84M | $0 | $0 |
| Net Income? | -$822.24M | -$44.63M | -$25.78M | -$39.05M | -$72.15M | $1.11M |
| EPS? | $-2.15 | $-0.14 | $-0.10 | $-0.16 | $-0.36 | $-0.01 |
| Diluted EPS? | $-2.15 | $-0.14 | $-0.10 | $-0.16 | $-0.36 | $-0.01 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality