Short answer
Cipher Digital Inc. (CIFR) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $72M (up 197.5% year over year) with net income of −$3M.
Q3 2025 key financials · XBRL
- Revenue
- $72M
- +197.5% YoY · +64.6% QoQ
- Net income
- −$3M
- +96.2% YoY · +92.8% QoQ
- Operating margin
- -52.5%
- EPS (diluted)
- $0.00
- +100.0% YoY · +100.0% QoQ
Source: XBRL data from the Cipher Digital Inc. (CIFR) Q3 2025 10-Q on SEC EDGAR. USD.
Cipher Digital Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New construction delay risk at Barber Lake Facility triggered by supply chain issues, tariffs, inflation, and labor market changes
- Materially updated financial risk: $1.473B new convertible notes debt issued in 2025 increases leverage and refinancing risks
- Legal risk: potential default without Google Backstop if Fluidstack lease terminates after >180-day Barber Lake delay, no guarantee of Google's support
- Operational risk: HPC hosting growth uncertain due to power supply reliability, tariffs, supply chain, and labor availability constraints
- Financial risk: risk of insufficient cash or financing to repurchase $1.473B Convertible Notes on repurchase dates or maturity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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