FY2025 · ended Dec 31, 2025 · Revenue $223.94M, +48.0% YoY · Filed Feb 24, 2026
Cipher Digital Inc. (CIFR) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $223.9 million and a net loss of $822.2 million. Free cash flow was -$695.9 million. As of Sep 30, 2026 it held $656.0 million in cash and investments and $5.7 billion in total debt.
Revenue (TTM)
$146.09M
-29.2% vs year-ago TTM
Net income (TTM)
$-1.08B
-1437.6% vs year-ago TTM
Operating cash flow (TTM)
$-337.63M
-85.0% vs year-ago TTM
Free cash flow (TTM)
$-3.08B
-525.2% vs year-ago TTM
EPS (TTM)
$-2.67
-1295.8% vs year-ago TTM
Dividend per share
None
Shares outstanding
405.12M
+12.1% vs prior year
Net cash
$-5.08B
as of Sep 30, 2026
Operating margin
-387.2%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- CIFR (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1819989
- Former names
- Cipher Mining Inc. (until Feb 23, 2026); GOOD WORKS ACQUISITION CORP. (until Aug 25, 2021)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $223.9M | $151.3M | $126.8M | $3.0M | — |
| Operating income | -$421.6M | -$43.7M | -$20.1M | -$37.4M | -$72.2M |
| Net income | -$822.2M | -$44.6M | -$25.8M | -$39.1M | -$72.2M |
| Diluted EPS | -$2.15 | -$0.14 | -$0.10 | -$0.16 | — |
| Operating cash flow | -$207.9M | -$87.5M | -$94.2M | -$20.9M | -$31.7M |
| Free cash flow | -$695.9M | -$227.0M | -$114.7M | -$60.1M | -$36.8M |
| Total assets | $4.3B | $855.4M | $566.1M | $418.5M | $354.2M |
| Total liabilities | $3.5B | $173.5M | $74.8M | $75.6M | $636,000 |
| Stockholders' equity | $805.5M | $682.0M | $491.3M | $342.9M | $353.5M |
| Cash and investments | $628.3M | $5.6M | $74.2M | $11.9M | $209.8M |
| Total debt | $2.8B | $56.4M | $22.0M | $20.3M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 2, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Nov 2, 2026 | Nov 2, 2026 |
| 8-K |
Current report
Material agreement, New debt, Unregistered share sale, Regulation FD disclosure
|
Oct 16, 2026 | Oct 13, 2026 |
| 8-K |
Current report
Other events
|
Oct 14, 2026 | Oct 14, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Oct 13, 2026 | Oct 13, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Sep 25, 2026 | Sep 24, 2026 |
All 633 Cipher Digital Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.