profit from every $100 of sales.
$0$100
Cipher Mining
$6.86-4.06% today
-54.1% in 1 year
1-year low $5.551-year high $29.18
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Cipher Mining sold, what it kept, and what it did with the cash.
Sales went from $3.04 million in 2022 to $224 million in 2025, with -$822 million of profit last year.
SalesProfit
Cipher Mining vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Cipher Mining | No profit yet | ||
 Raymond James Financial | 15.2× · Fair price | ||
 Tradeweb Markets | 35.0× · Expensive | ||
 Nomura Holdings | 13.3× · Cheap | ||
 LPL Financial Holdings | 26.4× · Fair price |
AI analysis
An AI analyst reads Cipher Mining's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3 | 127 | 151 | 224 | |
| 2 | 19 | 28 | 64 | |
| -72 | -55 | -98 | -337 | |
| -32 | 40 | 61 | -588 | |
| -39 | -26 | -45 | -822 | |
| -0.16 | -0.10 | -0.14 | -2.15 | |
| 75.4% | 15.1% | 18.6% | 28.4% | |
| -2,386.1% | -43.7% | -65.0% | -150.7% | |
| -1,285.9% | -20.3% | -29.5% | -367.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 418 | 566 | 855 | 4,292 |
| Cash | 12 | 86 | 6 | 628 |
| Total debt | 21 | 22 | 56 | 2,767 |
| Total liabilities | 76 | 75 | 173 | 3,456 |
| 343 | 491 | 682 | 806 | |
| 248 | 252 | 323 | 382 | |
| -8.1% | -3.1% | -4.6% | -17.4% | |
| -11.4% | -5.2% | -6.5% | -102.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -21 | -94 | -88 | -208 | |
| 228 | 55 | 304 | 494 | |
| -249 | -149 | -391 | -702 | |
| Dividends paid | – | – | – | – |
| 3 | 4 | 28 | 90 | |
| 42 | 38 | 42 | 53 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- –
- –
- 11.1×
- 14.0×
- -26.3%
- 0.0%
Profitability
- -367.2%
- -6.5%
- -13.0%
- -117.6%
- -14.0%
Growth
- +319.3%
- –
- –
- +15.0%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 4%of 854
Bottom 1%of 733
Bottom 5%of 929
What analysts expect
- Average price target
- $27.63
- Range
- $18.00 – $40.50
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | -0.28 | -0.27 | −3.7% |
| Feb 24, 2026 | -1.92 | -0.12 | −1,500.0% |
| Nov 3, 2025 | -0.01 | -0.08 | +87.5% |
| Aug 7, 2025 | -0.12 | -0.12 | +0.0% |
| May 6, 2025 | -0.11 | -0.11 | +0.0% |
| Feb 25, 2025 | 0.06 | -0.10 | +160.0% |
| Oct 31, 2024 | -0.26 | -0.08 | −225.0% |
| Aug 13, 2024 | -0.05 | -0.05 | +0.0% |
News
Should You Trim Or Add To Your Cipher Digital Position Now?Yahoo Finance · Nov 6, 2026Cipher Mining Inc. Q3 2026 Earnings Call SummaryYahoo Finance · Nov 2, 2026What Changed For Cipher Digital Stock, And What Did Not?Yahoo Finance · Oct 17, 2026What Needs To Be True To Buy Cipher Digital Stock Now?Yahoo Finance · Oct 15, 2026How Risky Is Cipher Digital Stock?Yahoo Finance · Oct 9, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
20No pass
Benjamin Graham
37No pass
Philip Fisher
32No pass
Peter Lynch
41No pass
Joel Greenblatt
0No pass
Charlie Munger
26No pass
Terry Smith
28No pass
Questions about Cipher Mining
Is Cipher Mining a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Cipher Mining AI analysis
What does Cipher Mining do?
Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York. It is in Financial - Capital Markets, based in New York, NY, United States, with 66 employees.
Does Cipher Mining pay a dividend?
No. Cipher Mining does not pay a dividend at the moment; in 2025 it returned $89.6 million to shareholders by buying back its own shares.
Is Cipher Mining stock halal?
No. Cipher Mining does not pass our halal screen: its debt is 88% of its market value, at or above the 33% limit. How we check
How has Cipher Mining stock done over the past year?
Down 54.1% over the past twelve months, to $6.86. It traded between $5.55 and $29.18 and is 76.5% below its high.
Who are Cipher Mining's competitors?
The largest listed companies in the same industry are Raymond James Financial, Tradeweb Markets, Nomura Holdings and LPL Financial Holdings. The peers table on this page compares their profit, growth and price with Cipher Mining's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.