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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 49M | 16% |
| Gross Profit | 20M | 171.3% |
| Cost of Revenue | 29M | 16.4% |
| Operating expense | 81M | 928% |
| Net Income | -39M | 322.6% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 914M | 6.8% |
| Total Liabilities | 179M | 3.2% |
| Total Equity | 735M | 7.7% |
| Shares Outstanding | 371M | 1.8% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -47M | 63% |
| Cash from financing | 82M | 1223.9% |
EPS
Financial Highlights for Cipher Mining in Q1 '25
Cipher Mining reported a revenue of 49M, which is a 16% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 20M, marking a 171.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 29M, a -16.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 81M, showing a 928% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -39M, showing a -322.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Cipher Mining faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
