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Cipher Digital Inc. revenue

Cipher Digital Inc.'s revenue was $224m in fiscal 2025, up 48.0% on the year before. Since fiscal 2022 ($3.0m) it has grown at a compound 319.3% a year. Over the last twelve months it was $146m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue3127151224146
Growth on the year before—+>999%+19.3%+48.0%—
Gross profit2778914374
Gross margin75.4%60.3%58.8%63.7%50.5%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Internet Services & Infrastructure: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Cipher Digital Inc. $146m -29.2% —
Terawulf Inc. $165m 14.6% 59.9%
DHI Group, Inc. $125m -7.3% -7.1%
Bit Digital, Inc $123m 23.6% 221.2%
Travelzoo $92.2m 4.9% 6.1%
Bgin Blockchain Ltd $67.4m -77.7% —

Compare with peers

Head to head: CIFR vs WULFCIFR vs DHXBTBT vs CIFR

More: Internet Services & Infrastructure stocks compared, Technology sector, rankings of US companies

Figures from Cipher Digital Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cipher Digital Inc.