Cipher Digital Inc (CIFR) FinancialsCIFRFinancialCipher Digital Inc

Evaluating the bottom line, Cipher Digital Inc maintains a gross margin of -38.55%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -266.20%, while the net margin is -1077.14%. These profitability ratios, combined with a Return on Equity (ROE) of -170.77%, provide a clear picture of how effectively CIFR converts its operational activities into shareholder value.

In the context of the broader market, CIFR competes directly with industry leaders such as EXLS and APLD. With a market capitalization of $6.30B, it holds a significant position in the sector. When comparing efficiency, CIFR's gross margin of -38.55% stands against EXLS's 35.54% and APLD's 15.66%. Such benchmarking helps identify whether Cipher Digital Inc is trading at a premium or discount relative to its financial performance.

Cipher Mining's total revenue for Q2 2026 was $24.8 million, which fell short of expectations, and it reported a loss of $0.65 per share, significantly worse than the consensus estimate of a $0.21 loss. The gross margin is negative at -38.55%, indicating ongoing financial struggles.