CIFR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $15.71
Market Cap (MRQ) $6.51B
P/E (TTM) -5.5
EPS (TTM) $-2.85
Revenue (TTM) $191M
ROE (TTM) -170.8%
Debt/Equity (MRQ) 10.0
52W Range $12–$30

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04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$224M
2022-12-31 → 2025-12-31
EPS$-2.15
2021-12-31 → 2025-12-31
Free Cash Flow$-696M
2021-12-31 → 2025-12-31
Net margin-585.8%
2022-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CIFR 5Y avg Peer Median Verdict
P/E (TTM) -5.55Y avg ≈-19.8 ≈-19.8 · ·
P/S (TTM) 34.15Y avg ≈23.1 ≈23.1 2.8 Overvalued
P/B (MRQ) 11.65Y avg ≈3.2 ≈3.2 · ·
EV / EBITDA -38.3 · · ·
Price / FCF (TTM) -3.95Y avg ≈-12.0 ≈-12.0 · ·
Price / Cash Flow (TTM) -25.45Y avg ≈-20.6 ≈-20.6 · ·
EV / Revenue 38.0 · · ·
EV / FCF -12.2 · · ·
Price / Tangible Book (MRQ) 13.45Y avg ≈3.4 ≈3.4 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -144.7%
Next Report Nov 02, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 11, 2026 $-0.65 $-0.24 -172.2%
March 31, 2026 May 12, 2026 $-0.28 $-0.24 -17.1%
Dec. 31, 2025 $-0.37 $-0.10 -267.4%
Sept. 30, 2025 $-0.09 $-0.02 -276.6%
June 30, 2025 $-0.12 $-0.07 -60.6%
March 31, 2025 $-0.11 $-0.06 -74.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 2025202420232022
Revenue $224M$151M$127M$3M
Cost of Revenue $81M$62M$50M$748.0K
SG&A Expense $36M$33M$28M$71M
Operating Income $-422M$-44M$-20M$-37M
Interest Expense ··$2M$137.0K
Interest Income $19M$3M$164.0K$215.0K
Other Non-op $-406M$-3M$-17.0K·
Pretax Income $-826M$-44M$-22M$-37M
Income Tax $-3M$318.0K$4M$2M
Net Income $-822M$-45M$-26M$-39M
EPS (Basic) $-2.15$-0.14$-0.10$-0.16
EPS (Diluted) $-2.15$-0.14$-0.10$-0.16
Shares (Basic) 381,602,904323,103,303252,439,461248,227,458
Shares (Diluted) 381,602,904323,103,303252,439,461248,227,458
EBITDA $-223M$-44M$-20M$-37M
Balance Sheet 26
Metric Trend 2025202420232022
Cash & Equivalents $628M$6M$74M$12M
Receivables ···$98.0K
Prepaid Expense $8M$3M$4M$7M
Current Assets $2.65B$168M$155M$48M
PP&E (Net) ··$244M$191M
PP&E (Gross) ··$303M$195M
Accum. Depreciation ··$59M$4M
Intangibles $77M$9M$8M$596.0K
Other Non-current Assets $562M$4M$0·
Total Assets $4.29B$855M$566M$418M
Accounts Payable $40M$23M·$14M
Accrued Liabilities $90M$70M$22M$19M
Short-term Debt $38M$32M$0·
Current Liabilities $699M$132M$34M$40M
Capital Leases $9M$10M$6M$4M
Deferred Tax $0$4M$5M$2M
Total Liabilities $3.46B$173M$75M$76M
Long-term Debt $2.71B$0··
Total Debt $2.79B$32M··
Common Stock $412.0K$361.0K$296.0K$251.0K
Paid-in Capital $1.81B$863M··
Retained Earnings $-1.00B$-181M$-137M$-111M
Treasury Stock $7.0K$11.0K$5.0K$4.0K
Stockholders' Equity $806M$682M$491M$343M
Liabilities + Equity $4.29B$855M$566M$418M
Shares Outstanding 404,963,061350,783,817290,957,862247,551,958
Cash Flow 16
Metric Trend 2025202420232022
D&A $199M$102M$59M$4M
Stock-based Comp $53M$42M$38M$42M
Deferred Tax $-4M$-937.0K$3M$2M
Amort. of Intangibles $600.0K$500.0K$0·
Other Non-cash $367M···
Operating Cash Flow $-208M$-88M$-94M$-21M
CapEx $488M$139M$20M$39M
Investing Cash Flow $-337M$-192M$53M$-174M
Stock Issued $195M$222M$132M·
Stock Repurchased $90M$28M$4M$3M
Net Stock Activity $106M$198M$132M$-3M
Financing Cash Flow $3.19B$214M$116M$-3M
Net Change in Cash $2.64B$-66M$74M$-198M
Taxes Paid $555.0K···
Free Cash Flow $-696M$-227M$-115M$-61M
Levered FCF ··$-117M$-61M
Profitability 7
Metric Trend 2025202420232022
Operating Margin -188.2%-28.9%-15.9%-1232.2%
Net Margin -367.2%-29.5%-20.3%-1285.9%
Pretax Margin -368.7%-29.3%-17.5%-1225.3%
EBITDA Margin -99.4%-28.9%-15.9%-1232.2%
ROA -31.9%-6.3%-5.2%-10.1%
ROE -105.8%-6.6%-6.2%-10.8%
ROIC -11.7%-6.2%-4.8%-11.5%
Liquidity & Solvency 5
Metric Trend 2025202420232022
Current Ratio 3.81.34.61.2
Quick Ratio 0.90.02.50.3
Debt / Equity 3.50.0··
LT Debt / Equity 3.4···
Interest Coverage ··-10.1-273.1
Efficiency 2
Metric Trend 2025202420232022
Asset Turnover 0.10.20.30.0
Receivables Turnover ···62.0
Per Share 5
Metric Trend 2025202420232022
Book Value / Share $1.99$1.94$1.69$1.39
Revenue / Share $0.59$0.47$0.50$0.01
Cash Flow / Share $-0.54$-0.27$-0.37$-0.08
Cash / Share $1.55$0.02$0.30$0.05
EPS (TTM) $-2.15$-0.14$-0.10$-0.16
Growth Rates 2
Metric Trend 2025202420232022
Revenue YoY 48.0%19.3%4076.6%·
Revenue CAGR 3Y 319.3%···
Valuation (TTM) 14
Metric Trend 2025202420232022
Revenue TTM $224M$151M$127M$3M
Net Income TTM $-822M$-45M$-26M$-39M
Market Cap $5.98B$1.63B$1.20B$139M
Enterprise Value $8.14B$1.65B··
P/E -6.9-33.1-41.3-3.5
P/S 26.710.89.545.6
P/B 7.42.42.40.4
P / Tangible Book 8.22.42.50.4
P / Cash Flow -28.7-18.6-12.8-6.6
P / FCF -8.6-7.2-10.5-2.3
EV / EBITDA -36.6-37.9··
EV / FCF -11.7-7.3··
EV / Revenue 36.310.9··
Earnings Yield -14.6%-3.0%-2.4%-28.6%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $224M $151M $127M $3M ·
Operating Margin % -188.2% -28.9% -15.9% -1232.2% ·
Net Income $-822M $-45M $-26M $-39M $-72M
Diluted EPS $-2.15 $-0.14 $-0.10 $-0.16 $-0.33

Institutional owners (13F) 557 filers · $12.5B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 557
Value held $12.5B
New positions 155
Exited positions 35
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
155 (+37 vs prior Q) 35 (-35 vs prior Q) 181 (+29 vs prior Q) 137 (+30 vs prior Q) +63.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
V3 Holding Ltd $1,428,759,003 58,316,694 11.42% Shares
BlackRock, Inc. $745,159,376 30,414,668 5.95% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $591,038,637 24,124,026 4.72% Shares
UBS Group AG $560,022,421 22,858,058 4.48% Call option
VANGUARD GROUP INC $482,359,545 32,680,186 3.85% Shares
D. E. Shaw & Co., Inc. $434,639,800 17,740,400 3.47% Call option
VANGUARD CAPITAL MANAGEMENT LLC $404,104,176 16,494,048 3.23% Shares
JANE STREET GROUP, LLC $378,139,321 15,434,258 3.02% Shares
WELLS FARGO & COMPANY/MN $370,317,500 15,115,000 2.96% Call option
D. E. Shaw & Co., Inc. $355,429,071 14,507,309 2.84% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $342,414,450 13,976,100 2.74% Call option
MORGAN STANLEY $292,265,949 11,929,222 2.34% Shares
Value Aligned Research Advisors, LLC $272,572,129 11,125,393 2.18% Shares
GEODE CAPITAL MANAGEMENT, LLC $253,641,519 8,823,904 2.03% Shares
STATE STREET CORP $209,862,027 8,565,797 1.68% Shares
CITADEL ADVISORS LLC $194,997,950 7,959,100 1.56% Call option
UBS Group AG $172,941,753 7,058,847 1.38% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $151,618,250 6,188,500 1.21% Put option
JANE STREET GROUP, LLC $150,932,250 6,160,500 1.21% Call option
Capital International Investors $145,314,792 5,931,216 1.16% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $135,455,600 5,528,800 1.08% Shares
JANE STREET GROUP, LLC $133,329,000 5,442,000 1.07% Put option
CITADEL ADVISORS LLC $126,047,600 5,144,800 1.01% Put option
TWO SIGMA INVESTMENTS, LP $117,000,240 4,775,520 0.93% Shares
Avala Global LP $108,126,218 4,413,315 0.86% Shares
Capital Research Global Investors $106,453,015 4,345,021 0.85% Shares
DIMENSIONAL FUND ADVISORS LP $104,881,945 4,280,447 0.84% Shares
WELLINGTON MANAGEMENT GROUP LLP $97,652,248 3,985,806 0.78% Shares
Atreides Management, LP $87,867,021 3,586,409 0.70% Shares
Driehaus Capital Management LLC $86,933,889 3,548,322 0.69% Shares
CITIGROUP INC $83,246,100 3,397,800 0.67% Call option
Alpine Fox Capital LLC $82,614,000 3,372,000 0.66% Shares
Invesco Ltd. $77,917,890 3,180,322 0.62% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $73,786,087 3,011,677 0.59% Shares
CITIGROUP INC $73,500,000 3,000,000 0.59% Put option
NORTHERN TRUST CORP $73,236,699 2,989,253 0.59% Shares
Point72 Asset Management, L.P. $69,652,961 2,842,978 0.56% Shares
Vident Advisory, LLC $69,115,898 2,821,057 0.55% Shares
Connor, Clark & Lunn Investment Management Ltd. $65,628,028 2,678,695 0.52% Shares
Walleye Trading LLC $57,043,350 2,328,300 0.46% Call option
JANUS HENDERSON GROUP PLC $56,292,433 4,373,982 0.45% Shares
VANGUARD FIDUCIARY TRUST CO $55,654,372 2,271,607 0.44% Shares
Toroso Investments, LLC $54,941,900 3,722,351 0.44% Shares
JENNISON ASSOCIATES LLC $53,800,953 2,195,957 0.43% Shares
CITIGROUP INC $53,432,295 2,180,910 0.43% Shares
VAN ECK ASSOCIATES CORP $53,321,629 2,176,393 0.43% Shares
Caption Management, LLC $52,814,650 2,155,700 0.42% Call option
GOLDMAN SACHS GROUP INC $50,136,115 2,046,372 0.40% Shares
Two Seas Capital LP $49,980,000 2,040,000 0.40% Shares
140 Summer Partners LP $49,762,342 2,031,116 0.40% Shares

Show all 557 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd, V3 Holding Ltd, Vavilovs Valerijs ×13 filings June 4, 2026 14.60% Amendment · SEC
Bitfury Holding B.V., Bitfury Top HoldCo B.V., Bitfury Group Limited, V3 Holding Limited, Valerijs Vavilovs ×11 filings Nov. 12, 2024 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 19 insiders · 5 officers · 15 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Tyler Page Chief Executive Officer Sept. 30, 2026 M 9,444,991 0 3 $-5,539,500
ZEIDMAN FRED S CEO March 10, 2021 G 195,000 0 0 $0
Gregory J.D. Mumford Chief Financial Officer Sept. 30, 2026 M 37,316 0 0 $0
William Iwaschuk Co-President and CLO Sept. 30, 2026 M 1,741,696 0 1 $-3,898,077
Patrick Arthur Kelly Co-President and COO Sept. 30, 2026 M 1,741,975 0 7 $-4,119,936
Cary M Grossman Director June 18, 2026 S 143,829 0 4 $-1,789,050
James E Newsome Director June 16, 2026 S 128,530 0 4 $-1,230,636
Thomas David Duda Director June 3, 2026 A 25,979 0 0 $0
Robert Flatley Director June 3, 2026 A 147,171 0 0 $0
Caitlin Long Director June 3, 2026 A 235,080 0 0 $0
Wesley Hastie Williams Director June 3, 2026 A 123,708 0 4 $-2,069,427
Holly Morrow Evans Director Nov. 26, 2025 S 195,512 0 2 $-564,018
Robert R B Dykes Director Sept. 10, 2024 J 1,103,745 0 0 $0
Douglas Clark Wurth Director March 10, 2021 G 195,000 0 0 $0
Paul Fratamico Director March 10, 2021 G 47,500 0 0 $0
Tahira Rehmatullah Director March 10, 2021 G 47,500 0 0 $0
David I Pauker Director March 10, 2021 G 47,500 0 0 $0
John J Lendrum III Director March 10, 2021 G 47,500 0 0 $0
Edward J Farrell · Sept. 30, 2025 M 1,482,622 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 50 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
HECO · SSGA Active Trust 7.00% 256,883 NS July 31, 2026 N-PORT
DECO · SSGA Active Trust 6.98% 64,149 NS July 31, 2026 N-PORT
LFGY · Tidal Trust II 5.80% 237,280 NS July 31, 2026 N-PORT
TEKX · SSGA Active Trust 5.58% 39,897 NS July 31, 2026 N-PORT
CEPI · ETF Opportunities Trust 4.47% 220,400 NS July 31, 2026 N-PORT
GPTY · Tidal Trust II 3.43% 156,314 NS July 31, 2026 N-PORT
IBLC · iShares Trust 2.91% 156,311 SH Sept. 11, 2026 Daily
SATO · Invesco Exchange-Traded Fund Trust … 1.97% 10,809 SH Oct. 2, 2026 Daily
FNY · First Trust Exchange-Traded AlphaDE… 0.72% 187,319 NS July 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.49% 363,644 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.36% 3,193,970 SH Sept. 11, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.34% 210,208 NS July 31, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.32% 12,558 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 90,062 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.26% 5,148,231 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.25% 1,954,855 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.24% 162,636 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.22% 176,234 SH Aug. 19, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.22% 56,243 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.18% 8,697,960 SH Sept. 11, 2026 Daily
ISCG · iShares Trust 0.17% 105,000 SH Sept. 11, 2026 Daily
IGV · iShares Trust 0.17% 1,383,990 SH Sept. 11, 2026 Daily
DFAS · Dimensional ETF Trust 0.14% 976,396 NS July 31, 2026 N-PORT
VB · VANGUARD INDEX FUNDS 0.11% 8,912,981 SH Aug. 19, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.09% 812,547 NS July 31, 2026 N-PORT
VGT · VANGUARD WORLD FUND 0.09% 6,245,644 SH Aug. 19, 2026 Daily
GTOS · Invesco Actively Managed Exchange-T… 0.09% 101,000 Oct. 2, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.08% 3,473,219 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.07% 125,598 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.05% 20,877 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.05% 11,707 NS July 31, 2026 N-PORT
GTO · Invesco Actively Managed Exchange-T… 0.04% 1,083,000 Oct. 2, 2026 Daily
DCOR · Dimensional ETF Trust 0.03% 41,045 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.03% 581,231 NS July 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 3,889 SH Oct. 2, 2026 Daily
IGM · iShares Trust 0.02% 142,270 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.02% 21,524 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 73,506 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 12,166 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.01% 12,349,919 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 275,009 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 27,892 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 74,942 SH Aug. 19, 2026 Daily
DFUS · Dimensional ETF Trust 0.01% 66,675 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.01% 88,414 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.01% 389,552 SH Sept. 11, 2026 Daily
NEAR · iShares U.S. ETF Trust 0.00% 103,000 SH Sept. 9, 2026 Daily
BLOX · Tidal Trust II 0.00% 71 NS July 31, 2026 N-PORT
ISCB · iShares Trust · 14,867 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 125,978 SH Sept. 11, 2026 Daily

CIFR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 25 analysts BUY
Median target $28.00 +78.2%
6 24.0% Strong Buy
17 68.0% Buy
2 8.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

22 analysts · 2026-10-01

Mean target $30.93 +96.9%

← Below all targets Current price $15.71
Low$18.00 Mean$30.93 High$69.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CIFR $5.98B -6.9 48.0% -367.2% -105.8% ·
RIOT $4.71B -6.5 71.9% -102.4% -21.6% ·
DBX $6.75B 14.9 -1.1% 20.2% -32.8% 80.1%
APPF · 60.0 19.7% 14.8% 28.2% ·
TTAN · -46.1 24.5% · · ·
RNG · 60.2 4.8% · · ·
QBTS $9.38B -23.6 178.5% -1444.1% -45.9% 82.6%
PEGA $10.17B 28.0 16.6% 22.5% 55.7% 75.9%
CORZ · · · · · ·
ZETA · -145.4 29.7% -2.4% -4.3% ·
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 4, 2026