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CIPHER MINING INC (CIFR) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:CIFR - US17253J1060 - Common Stock

19.28 USD
-0.55 (-2.77%)
Last: 12/5/2025, 8:09:33 PM
19.21 USD
-0.07 (-0.36%)
After Hours: 12/5/2025, 8:09:33 PM
Fundamental Rating

2

Taking everything into account, CIFR scores 2 out of 10 in our fundamental rating. CIFR was compared to 280 industry peers in the Software industry. CIFR may be in some trouble as it scores bad on both profitability and health. CIFR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year CIFR has reported negative net income.
CIFR had a negative operating cash flow in the past year.
In the past 5 years CIFR reported 4 times negative net income.
CIFR had a negative operating cash flow in each of the past 5 years.
CIFR Yearly Net Income VS EBIT VS OCF VS FCFCIFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M

1.2 Ratios

CIFR has a Return On Assets (-2.48%) which is in line with its industry peers.
The Return On Equity of CIFR (-9.01%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -2.48%
ROE -9.01%
ROIC N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CIFR Yearly ROA, ROE, ROICCIFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

With a Gross Margin value of 63.60%, CIFR perfoms like the industry average, outperforming 41.49% of the companies in the same industry.
CIFR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 63.6%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CIFR Yearly Profit, Operating, Gross MarginsCIFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

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3

2. Health

2.1 Basic Checks

CIFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CIFR has been increased compared to 1 year ago.
CIFR has a worse debt/assets ratio than last year.
CIFR Yearly Shares OutstandingCIFR Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 100M 200M 300M
CIFR Yearly Total Debt VS Total AssetsCIFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

CIFR has an Altman-Z score of 2.35. This is not the best score and indicates that CIFR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of CIFR (2.35) is comparable to the rest of the industry.
CIFR has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.31, CIFR is not doing good in the industry: 79.08% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF N/A
Altman-Z 2.35
ROIC/WACCN/A
WACC10.9%
CIFR Yearly LT Debt VS Equity VS FCFCIFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

A Current Ratio of 2.49 indicates that CIFR has no problem at all paying its short term obligations.
CIFR has a Current ratio of 2.49. This is in the better half of the industry: CIFR outperforms 68.44% of its industry peers.
CIFR has a Quick Ratio of 2.49. This indicates that CIFR is financially healthy and has no problem in meeting its short term obligations.
CIFR has a Quick ratio of 2.49. This is in the better half of the industry: CIFR outperforms 69.15% of its industry peers.
Industry RankSector Rank
Current Ratio 2.49
Quick Ratio 2.49
CIFR Yearly Current Assets VS Current LiabilitesCIFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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3

3. Growth

3.1 Past

CIFR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.00%.
CIFR shows a strong growth in Revenue. In the last year, the Revenue has grown by 35.41%.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.38%
Revenue 1Y (TTM)35.41%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%197.51%

3.2 Future

CIFR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -12.68% yearly.
Based on estimates for the next years, CIFR will show a very strong growth in Revenue. The Revenue will grow by 81.69% on average per year.
EPS Next Y-168.67%
EPS Next 2Y-139.05%
EPS Next 3Y-12.68%
EPS Next 5YN/A
Revenue Next Year66.2%
Revenue Next 2Y61.66%
Revenue Next 3Y88.26%
Revenue Next 5Y81.69%

3.3 Evolution

CIFR Yearly Revenue VS EstimatesCIFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B
CIFR Yearly EPS VS EstimatesCIFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

CIFR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CIFR is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CIFR Price Earnings VS Forward Price EarningsCIFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as CIFR.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 171.49
CIFR Per share dataCIFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1

4.3 Compensation for Growth

CIFR's earnings are expected to decrease with -12.68% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-139.05%
EPS Next 3Y-12.68%

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0

5. Dividend

5.1 Amount

CIFR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CIPHER MINING INC

NASDAQ:CIFR (12/5/2025, 8:09:33 PM)

After market: 19.21 -0.07 (-0.36%)

19.28

-0.55 (-2.77%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-03 2025-11-03/bmo
Earnings (Next)02-23 2026-02-23/bmo
Inst Owners78.21%
Inst Owner Change-1.4%
Ins Owners2.63%
Ins Owner Change14.66%
Market Cap7.62B
Revenue(TTM)206.45M
Net Income(TTM)-70.53M
Analysts81.9
Price Target28.05 (45.49%)
Short Float %16.66%
Short Ratio1.16
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-168.74%
Min EPS beat(2)-276.75%
Max EPS beat(2)-60.72%
EPS beat(4)1
Avg EPS beat(4)-48.05%
Min EPS beat(4)-276.75%
Max EPS beat(4)219.51%
EPS beat(8)3
Avg EPS beat(8)148.7%
EPS beat(12)3
Avg EPS beat(12)63.84%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-12.91%
Min Revenue beat(2)-16.79%
Max Revenue beat(2)-9.03%
Revenue beat(4)0
Avg Revenue beat(4)-10.01%
Min Revenue beat(4)-16.79%
Max Revenue beat(4)-3.04%
Revenue beat(8)1
Avg Revenue beat(8)-8.75%
Revenue beat(12)1
Avg Revenue beat(12)-11.04%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)37.5%
PT rev (3m)260.12%
EPS NQ rev (1m)-125.91%
EPS NQ rev (3m)-425.46%
EPS NY rev (1m)-10.42%
EPS NY rev (3m)-22.32%
Revenue NQ rev (1m)-2.72%
Revenue NQ rev (3m)-14.39%
Revenue NY rev (1m)-4.41%
Revenue NY rev (3m)-9.14%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 36.9
P/FCF N/A
P/OCF N/A
P/B 9.73
P/tB 9.84
EV/EBITDA 171.49
EPS(TTM)-0.26
EYN/A
EPS(NY)-0.69
Fwd EYN/A
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-0.46
OCFYN/A
SpS0.52
BVpS1.98
TBVpS1.96
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.48%
ROE -9.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 63.6%
FCFM N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF N/A
Debt/EBITDA 24.81
Cap/Depr 175.35%
Cap/Sales 156.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.49
Quick Ratio 2.49
Altman-Z 2.35
F-Score2
WACC10.9%
ROIC/WACCN/A
Cap/Depr(3y)1864.46%
Cap/Depr(5y)N/A
Cap/Sales(3y)2580.54%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.38%
EPS Next Y-168.67%
EPS Next 2Y-139.05%
EPS Next 3Y-12.68%
EPS Next 5YN/A
Revenue 1Y (TTM)35.41%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%197.51%
Revenue Next Year66.2%
Revenue Next 2Y61.66%
Revenue Next 3Y88.26%
Revenue Next 5Y81.69%
EBIT growth 1Y-95.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year286.25%
EBIT Next 3Y119.61%
EBIT Next 5Y83.8%
FCF growth 1Y-1476.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-995.85%
OCF growth 3YN/A
OCF growth 5YN/A

CIPHER MINING INC / CIFR FAQ

What is the ChartMill fundamental rating of CIPHER MINING INC (CIFR) stock?

ChartMill assigns a fundamental rating of 2 / 10 to CIFR.


What is the valuation status for CIFR stock?

ChartMill assigns a valuation rating of 0 / 10 to CIPHER MINING INC (CIFR). This can be considered as Overvalued.


What is the profitability of CIFR stock?

CIPHER MINING INC (CIFR) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for CIFR stock?

The Earnings per Share (EPS) of CIPHER MINING INC (CIFR) is expected to decline by -168.67% in the next year.