Cipher Digital annual operating expenses
2020
2021
2022
2023
2024
2025
Cipher Digital Operating Expenses Growth & History (CIFR)
Cipher Digital's operating expenses was $564.3M for fiscal 2025.
View full Cipher Digital company overviewCipher Digital annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $564.3M | $431.7M | +325.54% |
| 2024 | 2024-12-31 | $132.6M | $36.0M | +37.20% |
| 2023 | 2023-12-31 | $96.6M | $56.9M | +143.38% |
| 2022 | 2022-12-31 | $39.7M | −$32.4M | −44.96% |
| 2021 | 2021-12-31 | $72.2M | $72.0M | +46856.41% |
| 2020 | 2020-12-31 | $153,657 | — | — |
Cipher Digital quarterly operating expenses
Q2.20
Q3.20
Q1.21
Q2.21
Q1.22
Q2.22
Q1.23
Q2.23
Q3.23
Q4.23
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $88.3M | $14.8M | +20.21% |
| Q1 2026 | 2026-03-31 | $131.7M | $59.5M | +82.53% |
| Q4 2025 | 2025-12-31 | $336.1M | $329.1M | +4740.37% |
| Q3 2025 | 2025-09-30 | $82.6M | −$17.8M | −17.77% |
| Q2 2025 | 2025-06-30 | $73.5M | $34.8M | +89.88% |
| Q1 2025 | 2025-03-31 | $72.2M | — | — |
| Q4 2024 | 2024-12-31 | $6.9M | −$8.0M | −53.48% |
| Q3 2024 | 2024-09-30 | $100.4M | $64.0M | +175.90% |
| Q2 2024 | 2024-06-30 | $38.7M | $11.3M | +41.00% |
| Q4 2023 | 2023-12-31 | $14.9M | — | — |
| Q3 2023 | 2023-09-30 | $36.4M | — | — |
| Q2 2023 | 2023-06-30 | $27.4M | −$1.9M | −6.41% |
| Q1 2023 | 2023-03-31 | $17.9M | $474,000 | +2.72% |
| Q2 2022 | 2022-06-30 | $29.3M | $28.8M | +5261.24% |
| Q1 2022 | 2022-03-31 | $17.4M | $17.2M | +7385.81% |
| Q2 2021 | 2021-06-30 | $547,000 | $545,000 | +27250.00% |
| Q1 2021 | 2021-03-31 | $232,453 | — | — |
| Q3 2020 | 2020-09-30 | $3,576 | — | — |
| Q2 2020 | 2020-06-30 | $2,000 | — | — |
Cipher Digital operating expenses trends
Over the last five fiscal years, Cipher Digital's operating expenses increased from $153,657 to $564.3M, a change of $564.1M. The latest reported quarter, Q2 2026, shows $88.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cipher Digital source filings ↗