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Income Statement (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Revenue | 72M | 64.6% |
| Gross Profit | 31M | 142.8% |
| Cost of Revenue | 41M | 32.9% |
| Operating expense | 68M | 17.9% |
| Net Income | -3.3M | 92.8% |
| EBITDA | 58M | 7520.6% |
Balance Sheet (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Total Assets | 2.84B | 178.9% |
| Total Liabilities | 2.06B | 662.5% |
| Total Equity | 783M | 4.6% |
| Shares Outstanding | 376M | 0.4% |
Cash Flow (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Cash from operations | -50M | 11% |
| Cash from financing | 1.22B | 543.2% |
EPS
Financial Highlights for Cipher Mining in Q3 '25
Cipher Mining reported a revenue of 72M, which is a 64.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 31M, marking a 142.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 41M, a 32.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 68M, showing a 17.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -3.3M, showing a 92.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 58M, showing a 7520.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Cipher Mining with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
