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CIPHER MINING INC (CIFR) Stock Fundamental Analysis

NASDAQ:CIFR - US17253J1060 - Common Stock

7.64 USD
+0.62 (+8.83%)
Last: 8/29/2025, 8:12:56 PM
7.7998 USD
+0.16 (+2.09%)
After Hours: 8/29/2025, 8:12:56 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. The financial health of CIFR is average, but there are quite some concerns on its profitability. CIFR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year CIFR has reported negative net income.
In the past year CIFR has reported a negative cash flow from operations.
CIFR had negative earnings in 4 of the past 5 years.
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 of -15.12%. This is in the lower half of the industry: CIFR underperforms 68.57% of its industry peers.
CIFR's Return On Equity of -20.56% is in line compared to the rest of the industry. CIFR outperforms 41.43% of its industry peers.
Industry RankSector Rank
ROA -15.12%
ROE -20.56%
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

The Gross Margin of CIFR (60.03%) is worse than 62.14% of its industry peers.
The Profit Margin and Operating Margin are not available for CIFR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 60.03%
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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5

2. Health

2.1 Basic Checks

CIFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CIFR has more shares outstanding
Compared to 1 year ago, CIFR has a worse debt to assets ratio.
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

An Altman-Z score of 6.18 indicates that CIFR is not in any danger for bankruptcy at the moment.
CIFR has a Altman-Z score of 6.18. This is in the better half of the industry: CIFR outperforms 76.79% of its industry peers.
CIFR has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.23, CIFR perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Altman-Z 6.18
ROIC/WACCN/A
WACC11.26%
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

CIFR has a Current Ratio of 4.18. This indicates that CIFR is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CIFR (4.18) is better than 83.93% of its industry peers.
CIFR has a Quick Ratio of 4.18. This indicates that CIFR is financially healthy and has no problem in meeting its short term obligations.
CIFR has a better Quick ratio (4.18) than 84.29% of its industry peers.
Industry RankSector Rank
Current Ratio 4.18
Quick Ratio 4.18
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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4

3. Growth

3.1 Past

The earnings per share for CIFR have decreased strongly by -816.67% in the last year.
The Revenue has been growing slightly by 0.12% in the past year.
EPS 1Y (TTM)-816.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)0.12%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.36%

3.2 Future

CIFR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 46.02% yearly.
The Revenue is expected to grow by 60.11% on average over the next years. This is a very strong growth
EPS Next Y-119.64%
EPS Next 2Y17.86%
EPS Next 3Y46.02%
EPS Next 5YN/A
Revenue Next Year82.92%
Revenue Next 2Y76.71%
Revenue Next 3Y60.11%
Revenue Next 5YN/A

3.3 Evolution

CIFR Yearly Revenue VS EstimatesCIFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 200M 400M 600M
CIFR Yearly EPS VS EstimatesCIFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 -0.2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CIFR. In the last year negative earnings were reported.
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 -50 -100

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 626.04
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 grow with 46.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.86%
EPS Next 3Y46.02%

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0

5. Dividend

5.1 Amount

No dividends for CIFR!.
Industry RankSector Rank
Dividend Yield N/A

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CIPHER MINING INC

NASDAQ:CIFR (8/29/2025, 8:12:56 PM)

After market: 7.7998 +0.16 (+2.09%)

7.64

+0.62 (+8.83%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)10-29 2025-10-29/bmo
Inst Owners76.08%
Inst Owner Change17.29%
Ins Owners3.13%
Ins Owner Change7.57%
Market Cap3.00B
Analysts81.11
Price Target7.85 (2.75%)
Short Float %14.29%
Short Ratio1.61
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)-67.47%
Min EPS beat(2)-74.22%
Max EPS beat(2)-60.72%
EPS beat(4)1
Avg EPS beat(4)-33.62%
Min EPS beat(4)-219.07%
Max EPS beat(4)219.51%
EPS beat(8)3
Avg EPS beat(8)177.02%
EPS beat(12)4
Avg EPS beat(12)123.25%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-14%
Min Revenue beat(2)-16.79%
Max Revenue beat(2)-11.2%
Revenue beat(4)0
Avg Revenue beat(4)-12.54%
Min Revenue beat(4)-19.13%
Max Revenue beat(4)-3.04%
Revenue beat(8)1
Avg Revenue beat(8)-9.43%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.43%
PT rev (3m)6.34%
EPS NQ rev (1m)5.25%
EPS NQ rev (3m)-492.35%
EPS NY rev (1m)1.67%
EPS NY rev (3m)-30.42%
Revenue NQ rev (1m)1.34%
Revenue NQ rev (3m)-17.24%
Revenue NY rev (1m)-0.78%
Revenue NY rev (3m)-1.96%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 18.92
P/FCF N/A
P/OCF N/A
P/B 4.01
P/tB 4.06
EV/EBITDA 626.04
EPS(TTM)-0.43
EYN/A
EPS(NY)-0.07
Fwd EYN/A
FCF(TTM)-1.55
FCFYN/A
OCF(TTM)-0.35
OCFYN/A
SpS0.4
BVpS1.9
TBVpS1.88
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.12%
ROE -20.56%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 60.03%
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
ROICexcg growth 3YN/A
ROICexcg 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-Score1
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Debt/EBITDA 37.29
Cap/Depr 305.7%
Cap/Sales 296.28%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.18
Quick Ratio 4.18
Altman-Z 6.18
F-Score1
WACC11.26%
ROIC/WACCN/A
Cap/Depr(3y)1862.84%
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)-816.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y-119.64%
EPS Next 2Y17.86%
EPS Next 3Y46.02%
EPS Next 5YN/A
Revenue 1Y (TTM)0.12%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.36%
Revenue Next Year82.92%
Revenue Next 2Y76.71%
Revenue Next 3Y60.11%
Revenue Next 5YN/A
EBIT growth 1Y-192.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year271.2%
EBIT Next 3Y70.13%
EBIT Next 5YN/A
FCF growth 1Y-704.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1115.18%
OCF growth 3YN/A
OCF growth 5YN/A