Filing Flows › Cipher Digital (CIFR) › Q3 2026
Cipher Digital (CIFR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Cipher Digital (CIFR) reported revenue of $26.7M for the third quarter 2026 (Q3 2026), -63% from a year earlier and +8% from the quarter before. Operating margin was -269.3%, net earnings $31.6M (118.3% of revenue).
Cipher Digital, Q3 2026: revenue $26.7M (-63% year over year), operating margin -269.3%, net earnings $31.6M, operating cash flow −$131M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.7M | +8% | -63% |
| Operating profit | −$71.9M | — | — |
| Net earnings | $31.6M | — | — |
| Operating cash flow | −$131M | — | — |
What changed
Revenue was $26.7M in Q3 2026, down 63% year over year and up 8% from the previous quarter. Bitcoin Mining was the largest line at 78% of revenue. Bitcoin Mining lost $50.9M year over year (down 71%), 113% of the total change.
Operating costs exceeded revenue by $71.9M, an operating margin of -269.3%. Total costs fell 10% while revenue fell 63%. The fastest-growing cost line was General & admin (+223%). Net earnings were $31.6M. The effective tax rate was -0.2%. Non-operating items added $103.5M, 328% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$131.2M. Non-cash charges added back $18.8M of depreciation and amortization and $26.6M of share-based compensation. Working capital and other items used $208.2M. Capital expenditures of $1,553.0M exceeded it, leaving free cash flow of −$1,684.2M.
Questions
What was Cipher Digital's revenue in the third quarter 2026?
Cipher Digital (CIFR) reported revenue of $26.7M for the third quarter 2026 (Q3 2026), -63% from a year earlier and +8% from the quarter before.
Was Cipher Digital profitable in the third quarter 2026?
Operating loss was $71.9M (-269.3% of revenue) and net earnings $31.6M.
Source: Cipher Digital 10-Q on SEC EDGAR.