Cipher Digital Inc. (CIFR) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 47.48%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 47.48% | Share-based compensation / revenue. Period ending 2026-06-30. $90.74M ÷ $191.09M × 100 ≈ 47.48% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 191.09M USD | |
| Stock-based compensation | 90.74M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -531.34M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $191.09M | $90.74M | $-531.34M | (m) | (m) | 47.48% | (m) | (m) |
| 2026-03-31 | (m) | $209.82M | $70.70M | $-498.04M | (m) | (m) | 33.70% | (m) | (m) |
| 2025-12-31 | (m) | $223.94M | $52.79M | $-421.56M | (m) | (m) | 23.57% | (m) | (m) |
| 2025-09-30 | (m) | $206.45M | $38.10M | $-103.87M | (m) | (m) | 18.45% | (m) | (m) |
| 2025-06-30 | (m) | $158.85M | $40.10M | $-157.65M | (m) | (m) | 25.25% | (m) | (m) |
| 2025-03-31 | (m) | $152.09M | $42.95M | $-128.57M | (m) | (m) | 28.24% | (m) | (m) |
| 2024-12-31 | (m) | $151.27M | $42.13M | $-43.70M | (m) | (m) | 27.85% | (m) | (m) |
| 2024-09-30 | (m) | $152.47M | $41.65M | $-45.58M | (m) | (m) | 27.32% | (m) | (m) |
| 2024-06-30 | (m) | $158.67M | $42.14M | $26.71M | $1.89M | (m) | 26.56% | 14.17× | Reported |
| 2024-03-31 | (m) | $153.08M | $37.98M | $30.79M | $2.00M | (m) | 24.81% | 15.41× | Reported |
| 2023-12-31 | (m) | $126.84M | $38.47M | $-20.11M | $2.00M | (m) | 30.33% | -10.06× | Reported |
| 2023-09-30 | (m) | (m) | $40.12M | $-85.73M | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | (m) | (m) | $39.91M | $-8.30M | (m) | (m) | (m) | (m) | (m) |
| 2023-03-31 | (m) | (m) | $40.80M | $-26.04M | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | (m) | $3.04M | $41.50M | $-37.42M | $137.00K | (m) | 1366.61% | -273.15× | Reported |
| 2022-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | (m) | (m) | (m) | $-2.18M | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-01-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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