Cipher Digital Inc. (CIFR)
Cipher Digital Inc. brought in $146.1M of revenue over the twelve months to September 30, 2026, down 29.2% from a year earlier. It posted a net loss of $1.1B. In fiscal 2025 capital spending exceeded operating cash flow by $695.9M. At September 30, 2026 it held $656M in cash against $5.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 2, 2026.
Key facts about Cipher Digital Inc.
- Net worth
- Cipher Digital Inc. has a market value (market cap) of $2.8B at the latest share price, and shareholders' equity of $600.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $223.9M (+48.0% year on year), with a net loss of $822.2M. Over the 12 months to September 30, 2026: revenue $146.1M, net loss $1.1B.
- Cash flow
- In fiscal 2025 operations used $207.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 2, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cipher Digital Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Cipher Digital Inc. does
Cipher Digital Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker CIFR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $223.9M | -$822.2M | -$2.15 | -$695.9M |
| 2024 | $151.3M | -$44.6M | -$0.14 | -$227M |
| 2023 | $126.8M | -$25.8M | -$0.10 | -$114.7M |
| 2022 | $3M | -$39.1M | -$0.16 | -$60.1M |
| 2020 | n/a | -$107K | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CIFR ranks in Finance
Latest SEC filings
What Cipher Digital Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Activist stake changed SCHEDULE 13D/A
- November 2, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 63% to $26.7M versus the same quarter last year; diluted EPS -$0.22 versus -$0.01.
- November 2, 2026
- October 21, 2026Passive stake (5% or more) SCHEDULE 13G
- October 21, 2026Passive stake (5% or more) SCHEDULE 13G
- October 21, 2026Passive stake changed SCHEDULE 13G/A
- October 16, 2026
- October 14, 2026Other event 8-K
- October 13, 2026
- October 7, 2026Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running Cipher Digital Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 26 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | V3 Holding Ltd10% owner | Other changeindirect | 1,840,000 | - |
| October 26, 2026 | V3 Holding Ltd10% owner | Other change | 1,805,000 | - |
| October 14, 2026 | Mumford Gregory J.D.Chief Financial Officer | Exercised options | 125,000 | - |
| October 14, 2026 | Mumford Gregory J.D.Chief Financial Officer | Shares withheld for tax | 67,768 | $673.6K |
| October 5, 2026 | V3 Holding Ltd10% owner | Other changeindirect | 1,840,000 | - |
| September 30, 2026 | Kelly Patrick ArthurCo-President and COO | Exercised options | 33,967 | - |
| September 30, 2026 | Kelly Patrick ArthurCo-President and COO | Shares withheld for tax | 17,341 | $274.5K |
| September 30, 2026 | Kelly Patrick ArthurCo-President and COO | Exercised options | 29,611 | - |
Who owns CIFR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Bitfury Top HoldCo B.V.13D, may seek influence with 4 related filers | 68.4% | January 24, 2024 |
| V3 Holding Limited13D, may seek influence with 4 related filers | 28.4% | November 12, 2024 |
| V3 Holding Ltd.13D, may seek influence with 3 related filers | 11.2% | November 4, 2026 |
| Cipher Digital Inc.13G, passive with 1 related filers | 7.7% | February 25, 2026 |
| Vanguard Portfolio Management13G, passive | 5.54% | April 29, 2026 |
| Kenneth Griffin13G, passive with 6 related filers | 5.5% | October 21, 2026 |
| Jane Street Group, LLC13G, passive with 3 related filers | 5.3% | February 12, 2026 |
Largest institutional holders
Insiders
12 insiders reported holding 117,519,011 shares in total, about $800.3M at the last price.
| Holder | Shares |
|---|---|
| V3 Holding Ltd10% owner | 103,893,38851,026,694 held indirectly |
| Page TylerChief Executive Officer, Director | 9,203,388 |
| Kelly Patrick ArthurCo-President and COO | 1,670,501 |
| Iwaschuk WilliamCo-President and CLO | 1,664,272 |
| Long CaitlinDirector | 235,080 |
| Evans Holly MorrowDirector | 195,512 |
| Flatley RobertDirector | 147,171 |
| Grossman Cary MDirector | 143,829 |
| Newsome James EDirector | 128,530 |
| Williams Wesley HastieDirector | 123,708 |
Questions about CIFR
What does Cipher Digital Inc. do?
Cipher Digital Inc. is a company in the Finance sector, listed on NASDAQ as CIFR. Its shares trade on NASDAQ under the ticker CIFR.
What is Cipher Digital Inc.'s net worth?
Cipher Digital Inc. has a market value (market cap) of $2.8B at the latest share price, and shareholders' equity of $600.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cipher Digital Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $1.1B on revenue of $146.1M.
How much revenue does Cipher Digital Inc. make?
Over the twelve months to September 30, 2026 Cipher Digital Inc. reported revenue of $146.1M. That is 29.2% less than a year earlier.
When did Cipher Digital Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 2, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the activist stake changed from November 4, 2026.
When is Cipher Digital Inc.'s next earnings report?
Cipher Digital Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Cipher Digital Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.