Cipher Digital Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $223.9M | $151.3M | $126.8M | $3.0M |
| Cost of Revenue | $81.2M | $62.4M | $50.3M | $748.0K |
| Gross Profit | $142.7M | $88.9M | $76.5M | $2.3M |
| Gross Margin | 63.7% | 58.8% | 60.3% | 75.4% |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $36.4M | $32.7M | $27.8M | $70.8M |
| Operating Income | $-421.6M | $-43.7M | $-20.1M | $-37.4M |
| Operating Margin | -188.2% | -28.9% | -15.9% | -1,232.2% |
| Interest Expense | — | — | $2.0M | $137.0K |
| Pretax Income | $-825.6M | $-44.3M | $-22.2M | $-37.2M |
| Income Tax Expense | $-3.3M | $318.0K | $3.6M | $1.8M |
| Net Income | $-822.2M | $-44.6M | $-25.8M | $-39.1M |
| Net Margin | -367.2% | -29.5% | -20.3% | -1,285.9% |
| EPS (Basic) | $-2.15 | $-0.14 | $-0.10 | $-0.16 |
| EPS (Diluted) | $-2.15 | $-0.14 | $-0.10 | $-0.16 |
| Shares Outstanding (Basic) | 381.6M | 323.1M | 252.4M | 248.2M |
| Shares Outstanding (Diluted) | 381.6M | 323.1M | 252.4M | 248.2M |
| Dividends Per Share | — | — | — | — |