CIFRCipher Digital

Crypto · Financial Services · Nasdaq

We are dedicated to developing and operating industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. 10-K, Item 1

Headquarters: New York, NY
CEO: Tyler Page
Next results: around Feb 23, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2022–25 $223.9M+48.0% FY2024: $151.3M 10-K FY2025 · XBRL Net incomeFY2022–25 −$822.2M FY2024: −$44.6M 10-K FY2025 · XBRL Free cash flowFY2022–25 −$695.9M FY2024: −$227.0M 10-K FY2025 · XBRL Operating marginFY2022–25 -188.2%−159.4 pts -1232.2% in FY2022 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 25, 2025

Area	What changed	Source
Risk factors	102 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Auditor change	8-K item 4.01 (change in certifying accountant) filed 2025-04-18	10-K · XBRL
Accounting checks	7 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	5 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

If we are unable to complete the construction of our HPC data centers in a timely manner or within our anticipated cost estimates, it could have a material adverse effect on our business, results of operations, liquidity and our ability to make payments on our outstanding indebtedness. Our business depends upon the construction of data…
10-K, Item 1A

All 102 new paragraphs →

Accounting checks

latest 10-K

7 of 8 clear 1 worth a look. Checks, not verdicts.

!
Auditor change8-K item 4.01 (change in certifying accountant) filed 2025-04-18
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: F-2; Derivative Asset Valuation. Same as last year: Revenue Recognition
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 2, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
Nov 2, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 16, 20268-K Material agreement signed, New debt or obligation, Unregistered share sale, Regulation FD disclosure 8-K items 1.01, 2.03, 3.02, 7.01
Oct 14, 20268-K Other events 8-K item 8.01
Oct 13, 20268-K Regulation FD disclosure, Other events 8-K items 7.01, 8.01

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Work on CIFR in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CIFR/export.csv") into a cell.