Filing Flows › Cipher Digital (CIFR) › Q2 2026 › vs Q1 2026
Cipher Digital (CIFR) Q2 2026 vs Q1 2026 (quarter over quarter)
Cipher Digital's revenue fell $10.0M (-29%) from $34.8M in Q1 2026 to $24.8M in Q2 2026.
Cipher Digital, Q2 2026: revenue $24.8M (-43% year over year), operating margin -316.2%, net loss $268M, operating cash flow −$244M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $24.8M | $34.8M | −$10.0M | -29% |
| Net loss | $268M | $114M | $153M | +134% |
| Costs & expenses | $292M | $150M | $143M | +95% |
| Operating costs | $103M | $149M | −$46.0M | -31% |
| Interest & other, net | $189M | −$660K | $189M | — |
| Income tax | $367K | $407K | −$40K | -10% |
| Cost of revenue | $15.0M | $17.7M | −$2.7M | -15% |
| General & admin | $16.5M | $11.7M | $4.7M | +40% |
| Other operating costs | $71.8M | $120M | −$48.1M | -40% |
| Operating cash sources | $293M | −$45.5M | $339M | — |
| Depreciation & amortization | $19.4M | $19.0M | $351K | +2% |
| Share-based compensation | $30.5M | $27.0M | $3.5M | +13% |
| Cash used in operations | $244M | −$91.5M | $335M | — |
| Net loss absorbed | $268M | $114M | $153M | +134% |
| Working capital & other | $25.9M | −$160M | $186M | — |
Questions
How much did Cipher Digital's revenue grow quarter over quarter in Q2 2026?
Cipher Digital's revenue fell $10.0M (-29%) from $34.8M in Q1 2026 to $24.8M in Q2 2026.