Cipher Digital Inc. (CIFR) intrinsic value & 10-year financials
Cipher Digital Inc. (CIFR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 319.3% a year to $223.9M, with an average return on invested capital of -9.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $8.98
- Market cap
- $3.4B
- Revenue (FY2025)
- $223.9M
- Revenue growth (6-yr CAGR)
- 319.3%
- ROIC (10-yr avg)
- -9.7%
- Free cash flow (FY2025)
- -$695.9M
CIFR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $223.9M | -$822.2M | -$2.15 | -$695.9M | -188.2% | -22.9% |
| FY2024 | $151.3M | -$44.6M | -$0.14 | -$227.0M | -28.9% | -7.6% |
| FY2023 | $126.8M | -$25.8M | -$0.10 | -$114.7M | -15.9% | -5.2% |
| FY2022 | $3.0M | -$39.1M | -$0.16 | -$60.7M | -1232.2% | -10.8% |
| FY2021 | — | — | — | — | — | — |
| FY2020 | — | -$107.0K | — | — | — | -2.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Cipher Digital Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Cipher Digital Inc. has historically struggled to out-earn its cost of capital, averaging just -11.6% ROIC.
Cipher Digital Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cipher Digital Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-71.41 per share.