Cipher Digital Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-267.5M | $-114.3M | $-3.3M | $-45.8M | $-39.0M | $-86.8M | $-15.3M | $39.9M |
| Depreciation & Amortization | $19.4M | $19.0M | $59.5M | $44.1M | $43.5M | $28.6M | $20.3M | $17.2M |
| Depreciation | $18.6M | $18.1M | $59.3M | $43.9M | $43.3M | $28.5M | $20.3M | $17.1M |
| Amortization | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K | $147.0K |
| Stock-Based Compensation | — | $27.0M | — | — | $9.1M | — | — | $8.3M |
| Net Cash from Operating Activities | $-243.5M | $91.5M | $-50.1M | $-56.2M | $-47.2M | $-6.5M | $-25.4M | $-26.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $410.3M | $554.0M | $43.8M | $118.6M | $99.7M | $76.6M | $7.9M | $7.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-474.2M | — | — | $-17.3M | — | — | $-31.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $3.8M | — | — | $1.1M | — | — | $3.2M |
| Net Cash from Financing Activities | — | $1.96B | — | — | $82.1M | — | — | $60.2M |
| Net Change in Cash | — | $1.58B | — | — | $17.6M | — | — | $2.6M |
| Free Cash Flow | $-653.8M | $-462.5M | $-93.8M | $-174.8M | $-146.9M | $-83.2M | $-33.2M | $-34.5M |