Short answer
Cipher Digital Inc. (CIFR) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $35M (down 28.8% year over year) with net income of −$114M.
Q1 2026 key financials · XBRL
- Revenue
- $35M
- −28.8% YoY
- Net income
- −$114M
- −193.3% YoY
- Operating margin
- -328.9%
- EPS (diluted)
- −$0.28
- −154.5% YoY
Source: XBRL data from the Cipher Digital Inc. (CIFR) Q1 2026 10-Q on SEC EDGAR. USD.
Cipher Digital Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $34.8M, down from $49.0M YoY, driven by lower average bitcoin price
- Operating margin (329.0%) vs (77.8%) YoY, with operating loss $114.6M vs $38.1M
- Bitcoin mining revenue declined; power sales increased to $2.1M from $1.0M
- Cash $715.2M; operating cash flow $91.5M vs $(47.2)M YoY
- Capital deployment: $474.2M investing outflow, including $454.3M facility construction spending; management expects resources sufficient for 12 months
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- New credit agreement dated March 23, 2026, creating potential debt-related risk
- Officer Rule 10b5-1 plan covering up to 289,271 shares through May 28, 2027
- Amended charter and bylaws effective February 24, 2026, potentially affecting governance risk
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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