Cipher Mining Inc. (CIFR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 91.53M | -54.43M | -50.05M | -56.22M | -47.24M | -28.98M | -6.54M | -25.35M | -26.64M | -126.64M | -18.53M | -17.65M | 10.82M | -12.02M | 1.04M | -6.61M | -3.32M | -4.57M | -25.95M | -958K |
| Operating CF Margin % | - | -91.16% | -69.8% | -129.04% | -96.48% | -68.63% | -27.16% | -68.88% | -55.33% | -291.68% | -61.14% | -56.54% | 49.4% | -395.92% | - | - | - | - | - | - |
| Operating CF Growth % | 293.77% | -87.84% | -664.72% | -121.75% | -77.35% | 77.12% | 64.68% | -43.6% | -346.26% | -953.27% | -1879.92% | -167.04% | 425.69% | -163.36% | 104.01% | -590.08% | -7280% | -1335.44% | -725618.09% | - |
| Net Income | -114.32M | -734.21M | -3.28M | -45.78M | -38.98M | 17.51M | -86.75M | -15.29M | 39.9M | 11.24M | -18.62M | -13.2M | -6.6M | -51.63M | 59.29M | -29.22M | -17.5M | -69.07M | -2.42M | -548K |
| Depreciation & Amortization | 19.61M | 52.31M | 59.99M | 44.48M | 43.84M | 36.68M | 28.96M | 20.56M | 17.5M | 16.94M | 16.45M | 14.64M | 11.88M | 4.57M | 220K | 215K | 147K | 3.44K | 891 | 0 |
| Stock-Based Compensation | 27.05M | 24.96M | 8.21M | 10.49M | 9.13M | 10.27M | 10.21M | 13.34M | 8.32M | 9.78M | 10.7M | 9.18M | 8.81M | 11.43M | 10.49M | 10.06M | 9.51M | 69.56M | 0 | 0 |
| Deferred Taxes | 0 | -3.87M | 464K | -1.01M | 144K | -2.29M | -4.01M | -193K | 5.56M | 3.92M | -1.19M | 584K | 53K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 159.19M | 627.44M | -108.56M | -45.16M | -40.51M | -91.45M | 25.69M | -45.72M | -94.63M | -144.82M | -30.63M | -33.27M | -7.12M | 28.2M | -70.2M | 12.55M | 109K | 63.64M | 1.44M | 2K |
| Working Capital Changes | 0 | -21.07M | -6.87M | -19.25M | -20.86M | 308K | 19.36M | 1.96M | -3.28M | -23.7M | 4.77M | 4.41M | 3.79M | -4.6M | 1.24M | -222K | 4.41M | 870.6K | -24.97M | -412K |
| Change in Receivables | 0 | 0 | 820K | -766K | 1.63M | -2.4M | 177K | 648K | -243K | -507K | -426K | -422K | -372K | -469K | -264K | -467K | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | -2.53M | -2.69M | -8.74M | 7.43M | 612K | -2.59M | 2.54M | -11.67M | 2.55M | -3.1M | 1.38M | 2.02M | 296K | -16K | 120K | 222 | 86.99K | 0 |
| Cash from Investing | -474.2M | -205.16M | -20.98M | -93.17M | -17.3M | 3.02M | -132.83M | -31.36M | -30.96M | 93.68M | 19.76M | 15.42M | -18.34M | -4.15M | -9.95M | -55.84M | -103.97M | -45.66M | -74.48M | 0 |
| Capital Expenditures | -553.99M | -229.83M | -44.72M | -118.57M | -99.67M | -74.82M | -176.48M | -39.08M | -12.44M | -16.87M | -6.04M | -12.42M | -19.05M | -14.87M | -43.17M | -65.91M | -103.97M | -4.98M | -130.24K | 0 |
| CapEx % of Revenue | - | 384.9% | 62.37% | 272.17% | 203.59% | 177.19% | 732.23% | 106.16% | 25.84% | 38.86% | 19.93% | 39.78% | 87.02% | 489.46% | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 327.2M | 42.29M | 45.9M | 48.5M | 53.91M | 54.97M | 49.95M | 242.65M | 35.26M | 33.61M | 33.1M | 34.53M | 37.48M | 31.69M | 56.83M | 7.37M | 0 | 0 | 0 |
| Other Investing | 79.79M | -299K | -408K | -383K | -352K | 16.68M | -17.04M | -498K | -200K | 110.56M | 0 | -3.67M | 3.81M | 10.72M | 33.23M | 10.06M | 0 | -40.68M | -74.35M | 0 |
| Cash from Financing | 1.96B | 1.7B | 1.22B | 188.92M | 82.12M | 6.2M | 56.56M | 90.59M | 60.16M | 115.73M | 366K | 53K | -481K | -13K | -25K | 0 | -3.05M | -22.21M | 383.85M | 4.07M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -5.68M | 29.08M | 48.31M | 83.38M | -16.88M | 58.38M | 93.05M | 62.99M | 123.53M | 6.71M | 2.19M | -481K | -13K | -25K | 0 | -3.05M | -25.36M | 5 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -3.78M | -82.3M | -2.97M | -3.96M | -1.14M | -16.88M | -3.52M | -4.06M | -3.18M | -678K | -2.11M | -633K | -481K | -13K | -25K | 0 | -3.05M | -25.36M | 0 | 0 |
| Other Financing | 1.96B | 1.45M | -83M | 0 | -345K | 0 | -619K | -1.25M | -1.62M | -3.11M | -222K | -76K | 0 | 0 | 0 | 0 | 0 | 3.15M | 379.68M | 4.07M |
| Net Change in Cash | 1.58B | 1.44B | 1.14B | 39.53M | 17.59M | -19.76M | -82.82M | 33.88M | 2.57M | 82.76M | 1.6M | -2.18M | -8.01M | -16.18M | -8.93M | -62.45M | -110.35M | -72.44M | 279.11M | 3.11M |
| Free Cash Flow | -462.46M | -284.56M | -95.18M | -87.51M | -147.26M | -104.16M | -183.03M | -64.93M | -39.27M | -144.15M | -24.57M | -30.07M | -8.24M | -26.89M | -42.13M | -72.52M | -107.29M | -9.54M | -26.08M | -958K |
| FCF Margin % | - | -476.56% | -132.74% | -200.88% | -300.79% | -246.69% | -759.39% | -176.39% | -81.59% | -332% | -81.08% | -96.32% | -37.62% | -885.38% | - | - | - | - | - | - |
| FCF Growth % | -214.03% | -173.19% | 48% | -34.79% | -274.97% | 27.74% | -644.96% | -115.89% | -376.8% | -436.1% | 41.69% | 58.53% | 92.32% | -181.71% | -61.54% | -7469.73% | -238331.11% | -2900.91% | -729260.04% | - |
| FCF per Share | -1.14 | -0.75 | -0.25 | -0.23 | -0.41 | -0.29 | -0.55 | -0.21 | -0.13 | -0.50 | -0.10 | -0.12 | -0.03 | -0.11 | -0.17 | -0.29 | -0.43 | -0.04 | -0.12 | -0.00 |
| FCF Conversion (FCF/Net Income) | -0.80x | 0.07x | 15.25x | 1.23x | 1.21x | -1.65x | 0.08x | 1.66x | -0.67x | -11.27x | 1.00x | 1.34x | -2.38x | 0.23x | 0.02x | 0.23x | 0.19x | 0.07x | 10.72x | 1.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |