CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
CION
CION Investment Corporation
There isn't enough reported data to score CION yet.
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.
CION Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
CION's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CION.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
CION PE Valuation
CION has no meaningful PE right now: it lost money over the past year.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over CION on the outlook, with more favorable earnings and revenue expectations.
CION Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect CION's profitability to improve, but its revenue to decline.
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.
CION Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.18 | — |
| Q3 2026 | -$0.70 | -237% |
| Q2 2026 | $0.06 | +$0.25 |
| Q1 2026 | -$0.04 | +$0.25 |
| Q4 2025 | -$0.39 | -162% |
| Q3 2025 | $0.51 | -65% |
| Q2 2025 | -$0.19 | -108% |
| Q1 2025 | -$0.29 | -112% |
| Q4 2024 | $0.63 | -64% |
CION has the edge over CIFR on earnings, with more consistent year-over-year improvement.
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 has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus down 69% for CION.
| 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.
CION Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $12.1M | -69% |
| Q1 2022 | $19.3M | -68% |
| Q4 2021 | $27.4M | -52% |
| Q3 2021 | $36.7M | -9.9% |
| Q2 2021 | $39.1M | +28% |
| Q4 2020 | $56.9M | +32% |
CION's revenue has slid since its 2021 peak: $12M last quarter, down 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -10% | -82 points |
| Q1 2022 | 41% | -41 points |
| Q4 2021 | 60% | -24 points |
| Q3 2021 | 68% | -7.9 points |
| Q2 2021 | 72% | +17 points |
| Q1 2021 | 82% | N/A |
| Q4 2020 | 83% | +15 points |
| Q3 2020 | 76% | N/A |
CION's operating margin was −10% last quarter, down 82 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
CION Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $306.8M | +591% |
| Q2 2026 | $21.6M | -50% |
| Q1 2026 | -$4.6M | -175% |
| Q4 2025 | -$17.1M | +$26.3M |
| Q3 2025 | $44.4M | -15% |
| Q2 2025 | $43.5M | +$60.2M |
| Q1 2025 | $6.1M | -94% |
| Q4 2024 | -$43.4M | +$11.2M |
CION has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
CION Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -458K shares |
| 1 year | -5.5% | -2.9M shares |
| 3 years | -9.8% | -5.4M shares |
| 5 years | -13% | -7.5M shares |
| Available history | -14% | -7.9M shares |
CION has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $8M |
| Q1 2026 | $9.7M |
| Q4 2025 | $5.2M |
| Q3 2025 | $3.3M |
| Q2 2025 | $6.6M |
| Q1 2025 | $2.2M |
| Q4 2024 | $2M |
CION spent $23M buying back its own shares over the past year, up 64% from the year before.
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.
CION Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 13.0x | High |
| Q1 2022 | 11.0x | High |
| Q4 2021 | 6.9x | High |
| Q3 2021 | 5.3x | High |
| Q2 2021 | 5.1x | High |
| Q1 2021 | 4.9x | High |
| Q4 2019 | 15.2x | High |
CION's net debt is about 13 years of its operating earnings (EBITDA), up from 5.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like CION.
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).
CION Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.2 | Neutral |
| Stochastic | 26.9 | Neutral |
CION's weekly RSI is 38 (neutral) and its Stochastic is 27 (neutral).
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.
CION PE vs Financial Services Sector
| Metric | CION | Sector median | Relative |
|---|---|---|---|
| PE | 113x | 13x | 767% above |
| PE % | 94 | 65 | 29 pts above |
CION has no meaningful PE right now: it lost money over the past year.
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.
CION Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.70 | 8.4% below |
| 20 week MA | $6.79 | 9.6% below |
| 50 week MA | $7.50 | 18% below |
| 100 week MA | $8.91 | 31% below |
| 200 week MA | $9.99 | 39% below |
CION is in a downtrend: it's below all five of its weekly moving averages, and 39% below its 200-week average.
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.
CION Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.0 | $12.9 | +7.9% |
| 2022 | $12.9 | $10.3 | -20% |
| 2023 | $10.3 | $11.3 | +9.9% |
| 2024 | $11.3 | $11.4 | +0.7% |
| 2025 | $11.4 | $9.59 | -16% |
| 2026 YTD | $9.59 | $6.14 | -36% |
CION has the edge over CIFR on returns for 2026, with the stronger performance.