Filing Flows › Cipher Digital (CIFR) › Q2 2026 › vs Q2 2025
Cipher Digital (CIFR) Q2 2026 vs Q2 2025 (year over year)
Cipher Digital's revenue fell $18.7M (-43%) from $43.6M in Q2 2025 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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $24.8M | $43.6M | −$18.7M | -43% |
| Net loss | $268M | $45.8M | $222M | +484% |
| Costs & expenses | $292M | $89.7M | $203M | +226% |
| Operating costs | $103M | $88.8M | $14.6M | +16% |
| Interest & other, net | $189M | −$379K | $189M | — |
| Income tax | $367K | $917K | −$550K | -60% |
| Cost of revenue | $15.0M | $15.3M | −$284K | -2% |
| General & admin | $16.5M | $9.1M | $7.4M | +82% |
| Other operating costs | $71.8M | $64.4M | $7.4M | +12% |
| Operating cash sources | $293M | $111M | $183M | +165% |
| Depreciation & amortization | $19.4M | $44.1M | −$24.7M | -56% |
| Share-based compensation | $30.5M | $10.5M | $20.0M | +191% |
| Cash used in operations | $244M | $56.2M | $187M | +333% |
| Net loss absorbed | $268M | $45.8M | $222M | +484% |
| Working capital & other | $25.9M | $65.0M | −$39.1M | -60% |
Questions
How much did Cipher Digital's revenue grow year over year in Q2 2026?
Cipher Digital's revenue fell $18.7M (-43%) from $43.6M in Q2 2025 to $24.8M in Q2 2026.