Cipher Digital annual free cash flow
2021
2022
2023
2024
2025
Cipher Digital Free Cash Flow (FCF) History (CIFR)
Cipher Digital reported −$695.9M in free cash flow for fiscal 2025, a decrease of $468.9M from the previous fiscal year, with a free cash flow margin of −310.73%.
View full Cipher Digital company overviewCipher Digital free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$695.9M | −$468.9M | — | −310.73% |
| 2024 | 2024-12-31 | −$227.0M | −$112.3M | — | −150.07% |
| 2023 | 2023-12-31 | −$114.7M | −$54.6M | — | −90.44% |
| 2022 | 2022-12-31 | −$60.1M | −$23.4M | — | −1980.05% |
| 2021 | 2021-12-31 | −$36.8M | — | — | — |
Cipher Digital quarterly free cash flow
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$653.8M | −$479.0M | — | −2632.40% |
| Q1 2026 | 2026-03-31 | −$462.5M | −$315.5M | — | −1327.46% |
| Q4 2025 | 2025-12-31 | −$280.3M | −$204.2M | — | −469.46% |
| Q3 2025 | 2025-09-30 | −$93.8M | −$10.7M | — | −130.87% |
| Q2 2025 | 2025-06-30 | −$174.8M | −$141.6M | — | −401.21% |
| Q1 2025 | 2025-03-31 | −$146.9M | −$112.4M | — | −300.07% |
| Q4 2024 | 2024-12-31 | −$76.1M | −$15.7M | — | −180.23% |
| Q3 2024 | 2024-09-30 | −$83.2M | −$60.2M | — | −345.00% |
| Q2 2024 | 2024-06-30 | −$33.2M | −$5.0M | — | −90.24% |
| Q1 2024 | 2024-03-31 | −$34.5M | −$6.4M | — | −71.75% |
| Q4 2023 | 2023-12-31 | −$60.4M | −$38.1M | — | −139.15% |
| Q3 2023 | 2023-09-30 | −$23.0M | −$8.1M | — | −75.79% |
| Q2 2023 | 2023-06-30 | −$28.2M | −$15.6M | — | −90.47% |
| Q1 2023 | 2023-03-31 | −$28.1M | −$17.7M | — | −128.29% |
| Q4 2022 | 2022-12-31 | −$22.3M | — | — | — |
| Q3 2022 | 2022-09-30 | −$14.8M | — | — | — |
| Q2 2022 | 2022-06-30 | −$12.6M | — | — | — |
| Q1 2022 | 2022-03-31 | −$10.4M | — | — | — |
Cipher Digital free cash flow growth trends
Cipher Digital's latest reported quarter, Q2 2026, generated −$653.8M in free cash flow, a decrease of $479.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cipher Digital filings at SEC.gov ↗