AX
Axos Financial, Inc.
AX's fundamentals are mixed: revenue grew 23%, but its operating margin fell 5 points to 43%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
AX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AX's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AX.
CIFR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.
AX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $70.53 | -23% |
| Forward | 9.1x | $91.29 | — |
| Fair | 10x | $88.40 | -3.2% |
| Current | 10x | $91.29 | — |
| Expensive | 13x | $112 | +23% |
Historical ranges are pointers, not guarantees.
AX's PE is 10x, but its earnings don't support one, so it isn't a reliable read right now.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
AX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AX, with profitability improving.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CIFR's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
AX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.03 | +14% |
| Q3 2026 | $8.79 | +18% |
| Q2 2026 | $8.48 | +14% |
| Q1 2026 | $8.20 | +12% |
| Q4 2025 | $7.86 | +6.4% |
| Q3 2025 | $7.44 | -9.4% |
| Q2 2025 | $7.43 | -3% |
| Q1 2025 | $7.29 | -0.7% |
| Q4 2024 | $7.39 | +9.5% |
AX has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.
CIFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.06 | -$2.86 |
| Q2 2026 | -$2.85 | -$2.40 |
| Q1 2026 | -$2.32 | -$1.94 |
| Q4 2025 | -$2.15 | -$2.01 |
| Q3 2025 | -$0.20 | -$0.07 |
| Q2 2025 | -$0.45 | -850% |
| Q1 2025 | -$0.38 | -733% |
| Q4 2024 | -$0.14 | -$0.04 |
CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.
AX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $395.1M | +22% |
| Q2 2026 | $379.8M | +18% |
| Q1 2026 | $392.2M | +27% |
| Q4 2025 | $385.1M | +25% |
| Q3 2025 | $323.4M | +0.9% |
| Q2 2025 | $321.4M | +10% |
| Q1 2025 | $308.8M | +4.8% |
| Q4 2024 | $307.9M | -13% |
AX has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | -2 points |
| Q2 2026 | 41% | -7.4 points |
| Q1 2026 | 42% | -5.8 points |
| Q4 2025 | 46% | -3.2 points |
| Q3 2025 | 46% | -3.3 points |
| Q2 2025 | 48% | -1.2 points |
| Q1 2025 | 48% | -4.8 points |
| Q4 2024 | 49% | -13 points |
AX has the edge over CIFR on profitability, with a higher operating margin.
CIFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.7M | -63% |
| Q2 2026 | $24.8M | -43% |
| Q1 2026 | $34.8M | -29% |
| Q4 2025 | $59.7M | +41% |
| Q3 2025 | $71.7M | +198% |
| Q2 2025 | $43.6M | +18% |
| Q1 2025 | $49M | +1.7% |
| Q4 2024 | $42.2M | -2.8% |
CIFR's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -269% | -217 points |
| Q2 2026 | -316% | -212 points |
| Q1 2026 | -329% | -251 points |
| Q4 2025 | -503% | -544 points |
| Q3 2025 | -52% | +327 points |
| Q2 2025 | -104% | -60 points |
| Q1 2025 | -78% | -175 points |
| Q4 2024 | 40% | +4 points |
CIFR's operating margin was −269% last quarter, down 217 points from the same quarter a year ago.
AX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $235.5M | +115% |
| Q2 2026 | $197.7M | +22% |
| Q1 2026 | -$101.2M | -255% |
| Q4 2025 | $85.4M | -45% |
| Q3 2025 | $109.3M | +106% |
| Q2 2025 | $161.6M | +385% |
| Q1 2025 | $65.1M | -39% |
| Q4 2024 | $156.4M | +52% |
AX has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.
CIFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | -$653.8M | -$566.3M |
| Q1 2026 | -$462.5M | -$390.7M |
| Q4 2025 | -$280.3M | -$204.2M |
| Q3 2025 | -$256.2M | -$173.1M |
| Q2 2025 | -$87.5M | -$54.3M |
| Q1 2025 | -$71.8M | -$37.3M |
| Q4 2024 | -$76.1M | +$38M |
CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.
AX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +99.3K shares |
| 1 year | +0.4% | +243K shares |
| 3 years | -3.7% | -2.2M shares |
| 5 years | -4.4% | -2.6M shares |
| Available history | -7.4% | -4.6M shares |
AX has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4M |
| Q2 2026 | $22M |
| Q2 2025 | $32.3M |
| Q1 2025 | $25.9M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $13.1M |
| Q1 2024 | $595,000 |
CIFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +30.3M shares |
| 1 year | +12% | +46.5M shares |
| 3 years | +75% | +188M shares |
| 5 years | +102% | +222M shares |
CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7M |
| Q2 2026 | $45.2M |
| Q1 2026 | $3.8M |
| Q4 2025 | $82.3M |
| Q3 2025 | $3M |
| Q2 2025 | $3.2M |
| Q1 2025 | $1.1M |
| Q4 2024 | $16.9M |
CIFR spent $151M buying back its own shares over the past year, about six times what it spent the year before.
AX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -2.6x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
AX has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like AX.
CIFR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -2.3x | Net Cash |
| Q1 2025 | 125.4x | High |
| Q4 2024 | 0.5x | Very low |
| Q3 2024 | -0.7x | Net Cash |
| Q2 2024 | -1.2x | Net Cash |
| Q1 2024 | -0.9x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q2 2023 | -0.1x | Net Cash |
CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.
AX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 35.9 | Neutral |
AX's weekly RSI is 49 (neutral) and its Stochastic is 36 (neutral).
CIFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.4 | Neutral |
| Stochastic | 7.8 | Oversold |
CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).
AX PE vs Financial Services Sector
| Metric | AX | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 20% below |
| PE % | 53 | 63 | 10 pts below |
AX is trading at 10x earnings, a 20% discount to the Financial Services sector's median of 13x, though its earnings don't support one.
CIFR PE vs Financial Services Sector
| Metric | CIFR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
CIFR has no meaningful PE right now: it lost money over the past year.
AX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.0 | 1.4% above |
| 20 week MA | $94.6 | 3.4% below |
| 50 week MA | $91.7 | 0.4% below |
| 100 week MA | $83.4 | 9.4% above |
| 200 week MA | $67.5 | 35% above |
AX has the edge over CIFR on trend strength, trading above more of its moving averages.
CIFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 33% below |
| 20 week MA | $15.5 | 54% below |
| 50 week MA | $17.0 | 58% below |
| 100 week MA | $12.2 | 41% below |
| 200 week MA | $7.86 | 9% below |
CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.
AX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.4 | $37.7 | +24% |
| 2021 | $37.7 | $55.1 | +46% |
| 2022 | $55.1 | $37.5 | -32% |
| 2023 | $37.5 | $54.6 | +46% |
| 2024 | $54.6 | $71.3 | +31% |
| 2025 | $71.3 | $88.2 | +24% |
| 2026 YTD | $88.2 | $91.3 | +3.5% |
AX has the edge over CIFR on returns for 2026, with the stronger performance.
CIFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.92 | $9.95 | +0.3% |
| 2021 | $9.95 | $5.21 | -48% |
| 2022 | $5.21 | $0.54 | -90% |
| 2023 | $0.54 | $4.13 | +665% |
| 2024 | $4.13 | $4.86 | +18% |
| 2025 | $4.86 | $15.2 | +213% |
| 2026 YTD | $15.2 | $7.15 | -53% |
CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.