CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
ESQ
Esquire Financial Holdings, Inc.
ESQ's fundamentals are mixed, but it looks expensive: trading at 22x earnings, above its usual 14x. Analysts expect strong earnings growth.
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.
ESQ Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
ESQ's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like ESQ.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
ESQ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $60.68 | -54% |
| Fair | 14x | $83.73 | -36% |
| Forward | 15x | $132 | — |
| Expensive | 18x | $108 | -18% |
| Current | 22x | $132 | — |
Historical ranges are pointers, not guarantees.
ESQ's PE is in its expensive range at 22x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair range.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over ESQ on the outlook, with more favorable profitability expectations.
ESQ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for ESQ, but weaker profitability.
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.
ESQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.80 | +47% |
| Q3 2026 | $6.00 | +5.6% |
| Q2 2026 | $6.05 | +12% |
| Q1 2026 | $5.94 | +13% |
| Q4 2025 | $5.87 | +14% |
| Q3 2025 | $5.68 | +15% |
| Q2 2025 | $5.40 | +13% |
| Q1 2025 | $5.27 | +14% |
| Q4 2024 | $5.14 | +4.7% |
ESQ has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.
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.
ESQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $61.4M | +63% |
| Q2 2026 | $42.1M | +18% |
| Q1 2026 | $40.5M | +20% |
| Q4 2025 | $39.4M | +19% |
| Q3 2025 | $37.6M | +18% |
| Q2 2025 | $35.8M | +17% |
| Q1 2025 | $33.8M | +15% |
| Q4 2024 | $33.1M | +14% |
ESQ has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | -8 points |
| Q2 2026 | 43% | +0.5 points |
| Q1 2026 | 42% | -3.7 points |
| Q4 2025 | 44% | -3.2 points |
| Q3 2025 | 46% | -2.3 points |
| Q2 2025 | 43% | -4.4 points |
| Q1 2025 | 46% | -0.8 points |
| Q4 2024 | 47% | +0.6 points |
ESQ has the edge over CIFR on profitability, with a higher operating margin.
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.
ESQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13M | -20% |
| Q2 2026 | $14.4M | +54% |
| Q1 2026 | $19.3M | +32% |
| Q4 2025 | $16.5M | +42% |
| Q3 2025 | $16.2M | +55% |
| Q2 2025 | $9.3M | +36% |
| Q1 2025 | $14.7M | +17% |
| Q4 2024 | $11.6M | -29% |
ESQ 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 the edge over ESQ on shareholder dilution, with a more favorable share count trend.
| 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.
ESQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +28% | +2.4M shares |
| 1 year | +28% | +2.5M shares |
| 3 years | +33% | +2.8M shares |
| 5 years | +40% | +3.2M shares |
| Available history | +43% | +3.4M shares |
ESQ has 11M diluted shares, up 28% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q1 2023 | $268,000 |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $82,000 |
| Q1 2020 | $485,000 |
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.
ESQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.8x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -3.5x | Net Cash |
| Q3 2025 | -3.7x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -2.8x | Net Cash |
| Q4 2024 | -2.1x | Net Cash |
ESQ has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like ESQ.
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).
ESQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.7 | Neutral |
| Stochastic | 75.2 | Neutral |
ESQ's weekly RSI is 64 (neutral) and its Stochastic is 75 (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.
ESQ PE vs Financial Services Sector
| Metric | ESQ | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 13x | 69% above |
| PE % | 100 | 63 | 37 pts above |
ESQ is trading at 22x earnings, a 69% premium to the Financial Services sector's median of 13x.
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.
ESQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $123.6 | 6.5% above |
| 20 week MA | $122.4 | 7.6% above |
| 50 week MA | $113.9 | 16% above |
| 100 week MA | $101.8 | 29% above |
| 200 week MA | $76.0 | 73% above |
ESQ has the edge over CIFR on trend strength, trading above more of its moving averages.
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.
ESQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.7 | $19.3 | -28% |
| 2021 | $19.3 | $31.3 | +63% |
| 2022 | $31.3 | $42.8 | +37% |
| 2023 | $42.8 | $50.0 | +17% |
| 2024 | $50.0 | $78.8 | +58% |
| 2025 | $78.8 | $105.0 | +33% |
| 2026 YTD | $105.0 | $131.7 | +25% |
ESQ has the edge over CIFR on returns for 2026, with the stronger performance.