Company / Cost of Revenue
Cipher Mining Inc. Cost of Revenue History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$81.2M
FY2025
5-year range
$748.0K / $81.2M
FY2022-FY2025
Trend
+30.2%
vs FY2024
Sector context
#30 of 36
Financials
What the data says
Cipher Mining Inc.'s cost of revenue of $81M is lower than 83% of companies in the Financials sector (FY2025). Cost of Revenue has increased for 3 consecutive years, from $748,000 in FY2022 to $81M in FY2025.
Based on SEC 10-K filings.
$81M in FY2025 with a 3-year CAGR of +377.1%.
Increased from $50M to $81M over the past 2 years.
Financials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +377.1%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 17% in FinancialsTop 17% of 36This company $81.2M Sector average $1.3B
▼
-94.0% below sector average
Key checks
Key Insights
- Cipher Mining Inc.'s cost of revenue has grown for 3 consecutive years.
- 3-year CAGR of +377.1%, indicating consistent growth.
- In FY2025, cost of revenue increased 30.2% year-over-year.
- Ranks #30 out of 36 companies in the Financials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.03 (distress zone, below 1.8 threshold)
- Negative profit margin: -29.5%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $81.2M | +30.2% |
| FY2024 | $62.4M | +24.0% |
| FY2023 | $50.3M | +6625.8% |
| FY2022 | $748.0K | - |
| FY2021 | - | - |
| FY2020 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026