Last 24 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -7.31 | — | — | — | — | — | — | 21.40 | — | — | 9.90 | 26.75 | — | — | — | — | 1.31 | — | — | — | — |
| — | — | — | — | — | — | — | -20.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 34.29 | — | — | 53.43 | 16.82 | 10.56 | 4.30 | 10.15 | 13.55 | 8.95 | 8.21 | 7.00 | 4.94 | 5.79 | 6.74 | 11.95 | — | — | — | — | — |
| — | — | — | +426.4% | +24.2% | +18.0% | -47.6% | +45.1% | +174.2% | +54.5% | +21.8% | -41.4% | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 7.17 | 17.07 | 8.15 | 6.74 | 6.05 | 2.39 | 1.13 | 2.48 | 1.92 | 1.89 | 2.61 | 2.45 | 1.71 | 2.08 | 1.68 | 0.40 | 0.82 | 1.08 | 2.66 | 3.30 | 5.92 |
| — | +612.9% | +622.5% | +171.8% | +215.8% | +26.8% | -56.7% | +1.4% | +11.9% | -9.0% | +55.2% | +504.9% | +109.6% | +91.7% | -36.8% | -87.7% | -86.2% | -90.8% | -81.1% | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | 51.13 | — | 37.60 | 8.10 | — | 68.63 | 5.83 | 8.67 | — | 72.48 | 19.22 | — | 1.22 | — | — | — | — |
| — | — | — | — | — | — | +544.6% | -6.6% | — | -5.3% | -69.6% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | 26.99 | — | — | 8.18 | 18.11 | — | — | — | — | 1.23 | — | — | — | — |
| — | — | — | — | — | — | — | +49.0% | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.9% | 77.7% | 151.7% | 2.8% | 43.4% | 29.6% | 41.0% | 17.5% | -24.0% | 17.1% | 42.5% | 70.2% | 0.8% | 8.7% | 8.5% | 104.7% | — | — | — | — | — |
| — | +162.2% | +269.8% | -84.2% | +280.7% | +73.0% | -3.5% | -75.1% | -3264.0% | +95.9% | +402.6% | -33.0% | — | — | — | — | — | — | — | — | — | |
| Operating Margin | -180.1% | 173.4% | 199.9% | -868.8% | -53.4% | -106.6% | -79.1% | 41.0% | -384.7% | -44.4% | 98.0% | 36.9% | -64.4% | -39.3% | -19.2% | -1716.3% | — | — | — | — | 8741.3% |
| — | +262.6% | +352.9% | -2217.7% | +86.1% | -140.3% | -180.7% | +11.2% | -497.6% | -12.9% | +611.2% | +102.1% | — | — | — | — | — | — | — | — | — | |
| Net Margin | -438.8% | 638.5% | 470.0% | -2786.1% | -4.7% | -107.9% | -80.9% | 42.1% | -365.2% | -42.0% | 83.6% | 26.2% | -62.7% | -42.9% | -21.2% | -1780.2% | — | — | — | — | 9269.8% |
| — | +691.7% | +681.1% | -6724.5% | +98.7% | -157.1% | -196.8% | +60.7% | -482.0% | +2.3% | +494.6% | +101.5% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -108.3% | -40.3% | -14.5% | -90.7% | -0.4% | -6.2% | -5.5% | 2.6% | -12.7% | -2.4% | 7.3% | 2.7% | -5.4% | -3.8% | -1.3% | -14.2% | 17.0% | -8.9% | -5.0% | -18.8% | -0.9% |
| — | -553.1% | -163.7% | -3606.5% | +96.6% | -160.7% | -175.3% | -4.0% | -134.5% | +38.3% | +651.6% | +118.9% | -131.9% | +56.9% | +73.7% | +24.5% | +2031.4% | -2527.7% | -3322.9% | -100.2% | +94.7% | |
| ROA | -31.9% | -3.9% | -2.1% | -20.6% | -0.2% | -4.7% | -4.4% | 2.1% | -11.2% | -2.1% | 6.4% | 2.3% | -4.5% | -3.2% | -1.1% | -12.5% | 15.8% | -8.4% | -4.9% | -18.8% | -0.9% |
| — | +18.7% | +51.4% | -1058.7% | +98.5% | -125.1% | -168.6% | -6.1% | -150.3% | +33.9% | +685.8% | +118.3% | -128.2% | +61.9% | +77.7% | +33.4% | +1904.0% | -2501.3% | -3623.6% | -103.8% | +31.0% | |
| ROIC | -11.7% | -0.9% | -0.8% | -6.3% | -2.0% | -3.9% | -3.7% | 1.8% | -9.7% | -1.8% | 6.2% | 2.7% | -3.9% | -2.5% | -0.8% | -9.9% | 12.5% | -6.6% | -3.8% | -14.2% | -0.6% |
| — | +76.2% | +78.5% | -453.9% | +79.0% | -115.9% | -160.3% | -33.7% | -151.4% | +26.1% | +829.0% | +127.2% | -130.8% | +62.7% | +77.4% | +29.9% | +2112.2% | -2494.9% | -3304.4% | +90.4% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.31 | 9.51 | 6.42 | 3.31 | 1.33 | 0.25 | 0.08 | 0.08 | 0.03 | 0.03 | 0.03 | 0.04 | 0.07 | 0.09 | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | — | — |
| — | +3660.8% | +7974.5% | +3903.5% | +3768.5% | +648.7% | +128.0% | +84.9% | -53.3% | -60.6% | -42.3% | -25.8% | +390.0% | +347.8% | +254.6% | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | 46.67 | — | 10.16 | 1.05 | — | 5.31 | 0.33 | 0.67 | — | 11.52 | 2.68 | — | 0.10 | — | — | — | — |
| — | — | — | — | — | — | +3017.9% | +56.5% | — | -53.9% | -87.9% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 3.79 | 3.00 | 3.13 | 3.79 | 2.49 | 4.18 | 1.11 | 1.28 | 2.57 | 8.49 | 8.08 | 4.60 | 1.40 | 1.09 | 1.10 | 1.18 | 3.56 | 2.03 | 11.08 | 447.99 | 211.52 |
| — | -28.4% | +180.6% | +197.3% | -3.1% | -50.7% | -86.2% | -72.3% | +83.6% | +676.3% | +637.4% | +288.7% | -60.7% | -46.1% | -90.1% | -99.7% | -98.3% | +397.2% | +398.8% | — | +88866.5% | |
| Quick Ratio | 3.79 | 3.00 | 3.13 | 3.79 | 2.49 | 4.18 | 1.11 | 1.28 | 2.57 | 8.49 | 8.08 | 4.60 | 1.40 | 1.09 | 1.10 | 1.18 | 3.56 | 2.03 | 11.08 | 447.99 | 211.52 |
| — | -28.4% | +180.6% | +197.3% | -3.1% | -50.7% | -86.2% | -72.3% | +83.6% | +676.3% | +637.4% | +288.7% | -60.7% | -46.1% | -90.1% | -99.7% | -98.3% | +397.2% | +398.8% | — | +88866.5% | |
| Interest Coverage | -21.58 | -3.00 | -0.82 | -21.13 | -1.79 | -38.46 | -48.98 | 27.34 | -260.72 | -38.69 | 114.66 | 32.31 | -30.45 | -24.94 | -10.18 | -362.41 | — | — | — | — | -91.70 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying CIFR stock.
Cipher Mining Inc.'s current P/E is -7.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cipher Mining Inc.'s current operating margin is -180.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cipher Mining Inc.'s business trajectory between earnings reports.