Cipher Mining Inc
NASDAQ:CIFR
Income Statement
Earnings Waterfall
Cipher Mining Inc
Income Statement
Cipher Mining Inc
| Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
4
|
0
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
3
N/A
|
25
+720%
|
56
+125%
|
86
+54%
|
127
+47%
|
153
+21%
|
159
+4%
|
152
-4%
|
151
-1%
|
152
+1%
|
159
+4%
|
206
+30%
|
224
+8%
|
|
| Gross Profit | ||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
(1)
|
(9)
|
(25)
|
(38)
|
(50)
|
(57)
|
(55)
|
(57)
|
(62)
|
(62)
|
(63)
|
(75)
|
(81)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
2
N/A
|
16
+600%
|
31
+96%
|
49
+55%
|
77
+57%
|
96
+26%
|
103
+7%
|
95
-8%
|
89
-6%
|
90
+1%
|
95
+6%
|
131
+38%
|
143
+9%
|
|
| Operating Income | ||||||||||||||||||
| Operating Expenses |
(72)
|
(89)
|
(106)
|
(121)
|
(75)
|
(86)
|
(100)
|
(119)
|
(134)
|
(141)
|
(154)
|
(168)
|
(190)
|
(221)
|
(245)
|
(274)
|
(307)
|
|
| Selling, General & Administrative |
(72)
|
(89)
|
(106)
|
(121)
|
(71)
|
(71)
|
(76)
|
(82)
|
(85)
|
(87)
|
(90)
|
(90)
|
(93)
|
(98)
|
(98)
|
(97)
|
(116)
|
|
| Depreciation & Amortization |
0
|
(0)
|
(0)
|
(0)
|
(4)
|
(16)
|
(30)
|
(47)
|
(59)
|
(65)
|
(71)
|
(83)
|
(102)
|
(129)
|
(153)
|
(183)
|
(199)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
1
|
6
|
9
|
10
|
11
|
6
|
5
|
5
|
5
|
5
|
6
|
8
|
|
| Operating Income |
(72)
N/A
|
(89)
-24%
|
(106)
-18%
|
(121)
-15%
|
(72)
+40%
|
(70)
+3%
|
(68)
+3%
|
(71)
-3%
|
(58)
+18%
|
(44)
+23%
|
(51)
-15%
|
(73)
-43%
|
(102)
-40%
|
(131)
-29%
|
(149)
-14%
|
(142)
+5%
|
(164)
-15%
|
|
| Pre-Tax Income | ||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
(12)
|
65
|
37
|
45
|
63
|
(10)
|
34
|
74
|
75
|
21
|
56
|
1
|
(10)
|
35
|
(101)
|
|
| Non-Reccuring Items |
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(6)
|
2
|
2
|
5
|
8
|
3
|
3
|
1
|
1
|
(315)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(0)
|
35
|
(216)
|
|
| Pre-Tax Income |
(72)
N/A
|
(89)
-24%
|
(118)
-32%
|
(57)
+52%
|
(37)
+34%
|
(26)
+29%
|
(9)
+65%
|
(87)
-856%
|
(22)
+75%
|
30
N/A
|
27
-9%
|
(45)
N/A
|
(44)
+1%
|
(129)
-190%
|
(159)
-23%
|
(72)
+55%
|
(826)
-1 051%
|
|
| Net Income | ||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(3)
|
(1)
|
(4)
|
(9)
|
(9)
|
(6)
|
(0)
|
5
|
5
|
1
|
3
|
|
| Income from Continuing Operations |
(72)
|
(89)
|
(118)
|
(57)
|
(39)
|
(28)
|
(12)
|
(89)
|
(26)
|
21
|
18
|
(51)
|
(45)
|
(124)
|
(154)
|
(71)
|
(822)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(72)
N/A
|
(89)
-24%
|
(118)
-32%
|
(57)
+52%
|
(39)
+31%
|
(28)
+28%
|
(12)
+59%
|
(89)
-662%
|
(26)
+71%
|
21
N/A
|
18
-13%
|
(51)
N/A
|
(45)
+12%
|
(124)
-177%
|
(154)
-25%
|
(71)
+54%
|
(822)
-1 066%
|
|
| EPS (Diluted) |
-0.33
N/A
|
-0.35
-6%
|
-0.47
-34%
|
-0.22
+53%
|
-0.16
+27%
|
-0.12
+25%
|
-0.05
+58%
|
-0.36
-620%
|
-0.1
+72%
|
0.05
N/A
|
0.06
+20%
|
-0.14
N/A
|
-0.14
N/A
|
-0.34
-143%
|
-0.41
-21%
|
-0.19
+54%
|
-2.15
-1 032%
|
|