Cipher Digital annual gross margin
2022
2023
2024
2025
Cipher Digital Gross Margin Growth & History (CIFR)
Cipher Digital's gross margin was 63.73% for fiscal 2025.
View full Cipher Digital company overviewCipher Digital annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 63.73% | +4.96 pp |
| 2024 | 2024-12-31 | 58.77% | −1.56 pp |
| 2023 | 2023-12-31 | 60.34% | −15.03 pp |
| 2022 | 2022-12-31 | 75.37% | — |
Cipher Digital quarterly gross margin
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 | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 39.42% | −25.39 pp |
| Q1 2026 | 2026-03-31 | 49.18% | −20.40 pp |
| Q4 2025 | 2025-12-31 | 59.37% | +2.48 pp |
| Q3 2025 | 2025-09-30 | 62.72% | +25.22 pp |
| Q2 2025 | 2025-06-30 | 64.81% | +3.61 pp |
| Q1 2025 | 2025-03-31 | 69.58% | +0.37 pp |
| Q4 2024 | 2024-12-31 | 56.90% | −12.49 pp |
| Q3 2024 | 2024-09-30 | 37.50% | −19.57 pp |
| Q2 2024 | 2024-06-30 | 61.20% | +12.02 pp |
| Q1 2024 | 2024-03-31 | 69.21% | +6.39 pp |
| Q4 2023 | 2023-12-31 | 69.39% | — |
| Q3 2023 | 2023-09-30 | 57.07% | — |
| Q2 2023 | 2023-06-30 | 49.18% | — |
| Q1 2023 | 2023-03-31 | 62.82% | — |
Cipher Digital gross margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Cipher Digital's gross margin decreased from 75.37% to 63.73%, a change of −11.64 percentage points. The latest reported quarter, Q2 2026, shows 39.42%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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