Balance Sheet Cipher Digital Inc.

Stocks

CIFR

US17253J1060

Blockchain & Cryptocurrency

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Jun. 09	Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Amid Inflation Data	MT
Jun. 09	Cipher Digital's Subsidiary Prices $810 Million Senior Secured Notes Offering	MT

58a.onZw5-fkuMhAcFzZBmmaTuIWJlRsGsYexvs6DBW96tY.9EY7sZ-015sfAQiNdRzde4xjcQcEe6tKiqsDbybov6zlHgfQlYL2vwIEaA

Published financial data: CIPHER DIGITAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	-	3.04M	127M	151M	224M
Total Revenues	-	3.04M	127M	151M	224M
Cost of Goods Sold, Total	-	748K	50.31M	123M	160M
Gross Profit	-	2.29M	76.53M	28.11M	63.6M
Selling General & Admin Expenses, Total	78.71M	70.84M	85.2M	32.66M	36.38M
Depreciation & Amortization - (IS)	5.31K	4.38M	59.09M	102M	199M
Other Operating Expenses	-	1.46M	-11.04M	-66.19M	-209M
Other Operating Expenses, Total	78.71M	76.68M	133M	68.91M	26.66M
Operating Income	-78.71M	-74.39M	-56.72M	-40.8M	36.94M
Interest Expense, Total	-29.36K	-137K	-2M	-1.71M	-36.56M
Interest And Investment Income	4.72K	215K	164K	3.38M	19.48M
Net Interest Expenses	-24.63K	78K	-1.84M	1.68M	-17.08M
Income (Loss) On Equity Invest.	-	-36.97M	-2.53M	-384K	-20.82M
Other Non Operating Income (Expenses)	23.81K	74.07M	36.52M	-4.81M	-408M
EBT, Excl. Unusual Items	-78.71M	-37.21M	-24.56M	-44.32M	-409M
Other Unusual Items	-	-	2.36M	-	-417M
EBT, Incl. Unusual Items	-78.71M	-37.21M	-22.21M	-44.32M	-826M
Income Tax Expense	-	1.84M	3.57M	318K	-3.31M
Earnings From Continuing Operations	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Net Income to Company	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Net Income - (IS)	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Net Income to Common Incl Extra Items	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Net Income to Common Excl. Extra Items	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Per Share Items
Net EPS - Basic	-0.36	-0.16	-0.1	-0.14	-2.15
Basic EPS - Continuing Operations	-0.36	-0.16	-0.1	-0.14	-2.15
Basic Weighted Average Shares Outstanding	218M	248M	252M	323M	382M
Net EPS - Diluted	-0.36	-0.16	-0.1	-0.14	-2.15
Diluted EPS - Continuing Operations	-0.36	-0.16	-0.1	-0.14	-2.15
Diluted Weighted Average Shares Outstanding	218M	248M	252M	323M	382M
Normalized Basic EPS	-0.23	-0.09	-0.06	-0.09	-0.67
Normalized Diluted EPS	-0.23	-0.09	-0.06	-0.09	-0.67
Supplemental Items
EBITDA	-78.71M	-70.01M	2.28M	61.65M	237M
EBITA	-78.71M	-74.39M	-56.69M	-38.25M	40.24M
EBIT	-78.71M	-74.39M	-56.72M	-40.8M	36.94M
EBITDAR	-	-68.55M	4.24M	63.82M	239M
Effective Tax Rate - (Ratio)	-	-4.94	-16.06	-0.72	0.4
Current Domestic Taxes	-	-	201K	1.26M	956K
Total Current Taxes	-	-	201K	1.26M	956K
Deferred Domestic Taxes	-	1.84M	3.37M	-937K	-4.27M
Total Deferred Taxes	-	1.84M	3.37M	-937K	-4.27M
Normalized Net Income	-49.19M	-23.26M	-15.35M	-27.7M	-256M
Interest on Long-Term Debt	-	137K	1.94M	1.43M	1.04M
Supplemental Operating Expense Items
General and Administrative Expenses	78.71M	69.37M	83.24M	32.66M	36.38M
Net Rental Expense, Total	-	1.46M	1.96M	2.17M	2.64M
Imputed Operating Lease Interest Expense	-	-	1.47M	755K	547K
Imputed Operating Lease Depreciation	-	-	488K	1.41M	2.09M
Stock-Based Comp., COGS (Total)	-	-	-	-	52.79M
Stock-Based Comp., G&A Exp. (Total)	69.56M	41.5M	38.47M	42.13M	-
Total Stock-Based Compensation	69.56M	41.5M	38.47M	42.13M	52.79M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	210M	11.93M	86.1M	5.58M	628M
Total Cash And Short Term Investments	210M	11.93M	86.1M	5.58M	628M
Accounts Receivable, Total	-	98K	622K	596K	687K
Other Receivables	-	-	-	2.09M	271K
Total Receivables	-	98K	622K	2.69M	958K
Prepaid Expenses	13.82M	7.25M	3.67M	3.39M	7.98M
Restricted Cash	-	-	-	-	1.76B
Other Current Assets, Total	-	28.46M	65.1M	157M	254M
Total Current Assets	224M	47.74M	155M	168M	2.65B
Gross Property Plant And Equipment	5.13M	202M	310M	652M	968M
Accumulated Depreciation	-4.87K	-4.97M	-59.08M	-159M	-334M
Net Property Plant And Equipment	5.12M	197M	251M	493M	634M
Long-term Investments	-	37.48M	35.26M	53.91M	29.4M
Other Intangibles, Total	-	-	8.11M	8.88M	77.39M
Deferred Charges Long-Term	174K	-	-	-	-
Other Long-Term Assets, Total	125M	136M	116M	131M	898M
Total Assets	354M	418M	566M	855M	4.29B
Liabilities
Accounts Payable, Total	242K	14.29M	6.53M	22.7M	40.06M
Accrued Expenses, Total	257K	215K	5.94M	12.7M	29.36M
Short-term Borrowings	-	-	-	32.33M	-
Current Portion of Long-Term Debt	-	-	-	-	37.79M
Current Portion of Leases	-	3.94M	4.57M	6.92M	5.97M
Current Income Taxes Payable	-	18.8M	15.18M	14.61M	9.31M
Other Current Liabilities	171K	3.09M	1.57M	42.52M	577M
Total Current Liabilities	499K	40.33M	33.79M	132M	699M
Long-Term Debt	-	-	-	-	2.71B
Long-Term Leases	-	16.72M	17.41M	17.16M	11.64M
Deferred Tax Liability Non Current	-	1.84M	5.21M	4.27M	-
Other Non Current Liabilities	137K	16.68M	18.39M	20.28M	33.7M
Total Liabilities	636K	75.57M	74.8M	173M	3.46B
Common Stock, Total	252K	251K	296K	361K	412K
Additional Paid In Capital	425M	454M	628M	863M	1.81B
Retained Earnings	-72.16M	-111M	-137M	-181M	-1B
Treasury Stock	-2.85K	-4K	-5K	-11K	-7K
Comprehensive Income and Other	-5	-	-	-	-
Total Common Equity	354M	343M	491M	682M	806M
Minority Interest	-	-	-	-	30.32M
Total Equity	354M	343M	491M	682M	836M
Total Liabilities And Equity	354M	418M	566M	855M	4.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	250M	249M	296M	362M	405M
ECS Total Common Shares Outstanding	249M	248M	291M	351M	405M
Book Value / Share	1.42	1.39	1.69	1.94	1.99
Tangible Book Value	354M	343M	483M	673M	728M
Tangible Book Value Per Share	1.42	1.39	1.66	1.92	1.8
Total Debt	0	20.66M	21.98M	56.42M	2.77B
Net Debt	-210M	8.73M	-64.13M	50.83M	2.14B
Debt Equivalent Oper. Leases	-	11.7M	15.64M	17.34M	21.14M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	30.32M
Equity Method Investments, Total	-	37.48M	35.26M	53.91M	29.4M
Account Code - Inventory Valuation	3	-	3	3	3
Land - (BS)	-	-	-	49.02M	79.05M
Buildings, Total	-	-	-	-	66.59M
Machinery, Total	59.72K	230K	440K	-	-
Full Time Employees	10	26	35	43	66

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-78.71M	-39.05M	-25.78M	-44.64M	-822M
Depreciation & Amortization - CF	5.31K	5.15M	59.79M	101M	198M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	28K	2.55M	3.3M
Depreciation & Amortization, Total	5.31K	5.15M	59.82M	104M	201M
Amortization of Deferred Charges, Total - (CF)	-	-	93K	-	17.93M
(Gain) Loss From Sale Of Asset	-	-	-	290K	31.43M
Asset Writedown & Restructuring Costs	-	-	-	-	45.32M
(Income) Loss On Equity Investments - (CF)	-	36.97M	2.53M	384K	20.82M
Stock-Based Compensation (CF)	69.56M	41.5M	38.47M	42.13M	52.79M
Other Operating Activities, Total	-23.81K	-73.11M	-159M	-208M	313M
Change In Accounts Receivable	-	-98K	-524K	26K	-
Change In Accounts Payable	242K	2.42M	-10.84M	8M	-
Change in Other Net Operating Assets	-25.62M	5.3M	624K	10.32M	-68.05M
Cash from Operations	-34.54M	-20.92M	-94.24M	-87.51M	-208M
Capital Expenditure	-131M	-228M	-54.39M	-302M	-493M
Sale (Purchase) of Intangible assets	-	-	-634K	-1.42M	-1.44M
Investment in Marketable and Equity Securities, Total	-	54.01M	263K	-37.12M	-22.13M
Other Investing Activities, Total	-190K	-	108M	149M	180M
Cash from Investing	-131M	-174M	52.76M	-192M	-337M
Short Term Debt Issued, Total	7.04M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	25M	3.15B
Total Debt Issued	7.68M	-	-	25M	3.15B
Short Term Debt Repaid, Total	-7.04M	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-12.88M	-5.54M	-29.83M
Total Debt Repaid	-7.68M	-	-12.88M	-5.54M	-29.83M
Issuance of Common Stock	5	-	136M	225M	245M
Repurchase of Common Stock	-25.36M	-3.09M	-3.9M	-27.64M	-89.58M
Other Financing Activities, Total	420M	-	-3.4M	-3.49M	-82.68M
Cash from Financing	395M	-3.09M	116M	214M	3.19B
Net Change in Cash	229M	-198M	74.18M	-66.13M	2.64B
Supplemental Items
Cash Interest Paid	29.36K	-	-	-	1.45M
Levered Free Cash Flow	-	-214M	-34.08M	-215M	-1.52B
Unlevered Free Cash Flow	-	-214M	-32.84M	-213M	-1.52B
Change In Net Working Capital	-	-13.9M	40.75M	29.93M	1.3B
Net Debt Issued / Repaid	0	-	-12.88M	19.46M	3.12B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	-12.03	-7.2	-3.59	0.9
Return on Total Capital	-	-12.97	-8.09	-4.07	1.06
Return On Equity %	-	-11.22	-6.18	-7.61	-108.35
Return on Common Equity	-	-11.22	-6.18	-7.61	-110.55
Margin Analysis
Gross Profit Margin %	-	75.37	60.34	18.58	28.4
SG&A Margin	-	2.33K	67.17	21.59	16.25
EBITDA Margin %	-	-2.31K	1.8	40.75	105.61
EBITA Margin %	-	-2.45K	-44.69	-25.29	17.97
EBIT Margin %	-	-2.45K	-44.71	-26.97	16.49
Income From Continuing Operations Margin %	-	-1.29K	-20.32	-29.51	-367.17
Net Income Margin %	-	-1.29K	-20.32	-29.51	-367.17
Net Avail. For Common Margin %	-	-1.29K	-20.32	-29.51	-367.17
Normalized Net Income Margin	-	-765.83	-12.1	-18.31	-114.11
Levered Free Cash Flow Margin	-	-7.04K	-26.87	-141.83	-679.31
Unlevered Free Cash Flow Margin	-	-7.04K	-25.89	-141.12	-677.11
Asset Turnover
Asset Turnover	-	0.01	0.26	0.21	0.09
Fixed Assets Turnover	-	0.03	0.57	0.41	0.4
Receivables Turnover (Average Receivables)	-	-	352.34	248.39	349.09
Short Term Liquidity
Current Ratio	447.99	1.18	4.6	1.28	3.79
Quick Ratio	420.31	0.3	2.57	0.06	0.9
Operating Cash Flow to Current Liabilities	-69.19	-0.52	-2.79	-0.66	-0.3
Days Sales Outstanding (Average Receivables)	-	-	1.04	1.47	1.05
Average Days Payable Outstanding	-	3.54K	81.27	43.44	71.43
Long Term Solvency
Total Debt/Equity	-	6.02	4.47	8.27	331.04
Total Debt / Total Capital	-	5.68	4.28	7.64	76.8
LT Debt/Equity	-	4.88	3.54	2.52	325.81
Long-Term Debt / Total Capital	-	4.6	3.39	2.32	75.59
Total Liabilities / Total Assets	0.18	18.06	13.21	20.28	80.52
EBIT / Interest Expense	-2.68K	-542.96	-28.37	-23.89	1.01
EBITDA / Interest Expense	-2.68K	-500.34	2.12	37.36	6.54
(EBITDA - Capex) / Interest Expense	-7.14K	-2.16K	-25.09	-139.72	-6.94
Total Debt / EBITDA	-	-0.3	5.19	0.88	11.57
Net Debt / EBITDA	2.67	-0.13	-15.13	0.8	8.94
Total Debt / (EBITDA - Capex)	-	-0.07	-0.44	-0.24	-10.91
Net Debt / (EBITDA - Capex)	1	-0.03	1.28	-0.21	-8.43
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	4.08K	19.26	48.04
Gross Profit, 1 Yr. Growth %	-	-	3.24K	46.91	126.24
EBITDA, 1 Yr. Growth %	-	-11.05	-103.26	2.49K	280.55
EBITA, 1 Yr. Growth %	-	-5.5	-23.79	-30.32	-204.79
EBIT, 1 Yr. Growth %	-	-5.5	-23.75	-28.07	-190.53
Earnings From Cont. Operations, 1 Yr. Growth %	-	-50.39	-33.99	73.16	1.74K
Net Income, 1 Yr. Growth %	-	-50.39	-33.99	73.16	1.74K
Normalized Net Income, 1 Yr. Growth %	-	-52.66	-33.99	80.41	822.6
Diluted EPS Before Extra, 1 Yr. Growth %	-	-56.42	-35.1	37.1	1.44K
Accounts Receivable, 1 Yr. Growth %	-	-	534.69	-4.18	15.27
Net Property, Plant and Equip., 1 Yr. Growth %	-	3.74K	27.83	96.67	28.44
Total Assets, 1 Yr. Growth %	-	18.15	35.29	51.1	401.72
Tangible Book Value, 1 Yr. Growth %	-	-3.01	41.17	39.29	8.18
Common Equity, 1 Yr. Growth %	-	-3.01	43.29	38.8	18.12
Cash From Operations, 1 Yr. Growth %	-	-39.46	350.59	-7.14	137.61
Capital Expenditures, 1 Yr. Growth %	-	74.15	-76.08	456.12	62.93
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-84.07	529.44	610.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-84.65	550.13	611.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	605.76	32.87
Gross Profit, 2 Yr. CAGR %	-	-	-	250.44	82.31
EBITDA, 2 Yr. CAGR %	-	-	-82.97	-6.16	897.7
EBITA, 2 Yr. CAGR %	-	-	-15.13	-28.29	-14.48
EBIT, 2 Yr. CAGR %	-	-	-15.11	-25.94	-19.3
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-42.77	6.91	464.79
Net Income, 2 Yr. CAGR %	-	-	-42.77	6.91	464.79
Normalized Net Income, 2 Yr. CAGR %	-	-	-44.1	9.13	307.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-46.82	-5.67	359.37
Accounts Receivable, 2 Yr. CAGR %	-	-	-	146.61	5.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	599.74	58.55	58.94
Total Assets, 2 Yr. CAGR %	-	-	26.43	42.98	175.34
Tangible Book Value, 2 Yr. CAGR %	-	-	16.91	40.23	22.75
Common Equity, 2 Yr. CAGR %	-	-	17.89	41.03	28.04
Cash From Operations, 2 Yr. CAGR %	-	-	65.17	104.55	48.54
Capital Expenditures, 2 Yr. CAGR %	-	-	-35.54	15.35	201.02
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	0.14	568.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-0.09	579.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	319.34
Gross Profit, 3 Yr. CAGR %	-	-	-	-	202.88
EBITDA, 3 Yr. CAGR %	-	-	-	-7.82	50.05
EBITA, 3 Yr. CAGR %	-	-	-	-21.38	-18.52
EBIT, 3 Yr. CAGR %	-	-	-	-19.67	-20.81
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-17.23	176.13
Net Income, 3 Yr. CAGR %	-	-	-	-17.23	176.13
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-17.39	122.31
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-27.08	139.26
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	91.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	358.36	47.81
Total Assets, 3 Yr. CAGR %	-	-	-	34.17	117.27
Tangible Book Value, 3 Yr. CAGR %	-	-	-	23.94	28.61
Common Equity, 3 Yr. CAGR %	-	-	-	24.48	32.94
Cash From Operations, 3 Yr. CAGR %	-	-	-	36.32	115.03
Capital Expenditures, 3 Yr. CAGR %	-	-	-	32.21	29.42
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	92.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	92.11