Filing Flows › Cipher Digital (CIFR) › Q2 2026
Cipher Digital (CIFR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Cipher Digital (CIFR) reported revenue of $24.8M for the second quarter 2026 (Q2 2026), -43% from a year earlier and -29% from the quarter before. Operating margin was -316.2%.
Cipher Digital, Q2 2026: revenue $24.8M (-43% year over year), operating margin -316.2%, net loss $268M, operating cash flow −$244M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.8M | -29% | -43% |
| Operating profit | −$78.5M | — | — |
| Net earnings | −$268M | — | — |
| Operating cash flow | −$244M | -366% | — |
What changed
Revenue was $24.8M in Q2 2026, down 43% year over year and down 29% from the previous quarter.
Operating costs exceeded revenue by $78.5M, an operating margin of -316.2%. Total costs grew 16% against a revenue fall of 43%. The fastest-growing cost line was General & admin (+82%). The quarter ended with a net loss of $267.5M, wider than the previous quarter's $114.3M loss. Net interest and other expense of $188.6M was the main reason.
Operating cash flow was −$243.5M. Non-cash charges added back $19.4M of depreciation and amortization and $30.5M of share-based compensation. Working capital and other items used $25.9M. Capital expenditures of $410.3M exceeded it, leaving free cash flow of −$653.8M.
Questions
What was Cipher Digital's revenue in the second quarter 2026?
Cipher Digital (CIFR) reported revenue of $24.8M for the second quarter 2026 (Q2 2026), -43% from a year earlier and -29% from the quarter before.
Was Cipher Digital profitable in the second quarter 2026?
Operating loss was $78.5M (-316.2% of revenue) and net loss $268M.
Source: Cipher Digital 10-Q on SEC EDGAR.