Filing Flows › Cipher Digital (CIFR) › Q1 2025
Cipher Digital (CIFR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Cipher Digital (CIFR) reported revenue of $49.0M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +16% from the quarter before. Operating margin was -77.8%, net loss $39.0M (79.6% of revenue).
Cipher Digital, Q1 2025: revenue $49.0M (+2% year over year), operating margin -77.8%, net loss $39.0M, operating cash flow −$47.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.0M | +16% | +2% |
| Operating profit | −$38.1M | — | — |
| Net earnings | −$39.0M | — | — |
| Operating cash flow | −$47.2M | — | — |
What changed
Revenue was $49.0M in Q1 2025, up 2% year over year and up 16% from the previous quarter.
Operating costs exceeded revenue by $38.1M, an operating margin of -77.8%. Total costs grew 6343% against revenue growth of 2%. The quarter ended with a net loss of $39.0M, after a profit of $17.5M the previous quarter.
Operating cash flow was −$47.2M. Non-cash charges added back $43.5M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items used $60.9M. Capital expenditures of $24.6M exceeded it, leaving free cash flow of −$71.8M.
Questions
What was Cipher Digital's revenue in the first quarter 2025?
Cipher Digital (CIFR) reported revenue of $49.0M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +16% from the quarter before.
Was Cipher Digital profitable in the first quarter 2025?
Operating loss was $38.1M (-77.8% of revenue) and net loss $39.0M.
Source: Cipher Digital 10-Q on SEC EDGAR.