CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
FDUS
Fidus Investment Corporation
FDUS's fundamentals are mixed: earnings per share grew 5.2%, but revenue fell 11%. At 8.7x earnings, it's trading right at its usual valuation. Analysts expect earnings to hold roughly steady.
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.
FDUS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
FDUS's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like FDUS.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
FDUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.9x | $10.88 | -44% |
| Fair | 8.6x | $19.02 | -1.5% |
| Current | 8.7x | $19.32 | — |
| Forward | 9.4x | $19.32 | — |
| Expensive | 11x | $23.21 | +20% |
Historical ranges are pointers, not guarantees.
FDUS's PE is in its fair range at 8.7x. On analysts' estimates for next year's earnings, today's price would be 9.4x, in its expensive range.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over FDUS on the outlook, with more favorable earnings and profitability expectations.
FDUS Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect FDUS's revenue to grow, but its profitability to weaken.
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.
FDUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.07 | -6.5% |
| Q3 2026 | $2.21 | +5.2% |
| Q2 2026 | $2.16 | -4% |
| Q1 2026 | $2.20 | -2.2% |
| Q4 2025 | $2.08 | -9.2% |
| Q3 2025 | $2.10 | -9.5% |
| Q2 2025 | $2.25 | -2.6% |
| Q1 2025 | $2.25 | -8.2% |
| Q4 2024 | $2.29 | -7.3% |
FDUS 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% |
FDUS has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus down 50% for FDUS.
| 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.
FDUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $17.2M | -50% |
| Q2 2022 | $14.1M | -56% |
| Q1 2022 | $17.4M | -13% |
| Q4 2021 | $60.3M | +67% |
| Q3 2021 | $34.5M | +29% |
| Q2 2021 | $31.6M | +124% |
| Q4 2020 | $36.1M | +38% |
FDUS's revenue is shrinking: $17M last quarter, down 50% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 66% | -16 points |
| Q2 2022 | 58% | -24 points |
| Q1 2022 | 67% | +9.2 points |
| Q4 2021 | 88% | +5.3 points |
| Q3 2021 | 82% | +4.4 points |
| Q2 2021 | 82% | +24 points |
| Q1 2021 | 58% | N/A |
| Q4 2020 | 82% | +4.7 points |
FDUS's operating margin was 66% last quarter, down 16 points from the same quarter a year ago.
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.
FDUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.8M | +$37.7M |
| Q2 2026 | -$41.9M | -205% |
| Q1 2026 | -$32.6M | +$17.6M |
| Q4 2025 | -$104.8M | -611% |
| Q3 2025 | -$31.9M | -782% |
| Q2 2025 | $39.9M | +$42.6M |
| Q1 2025 | -$50.2M | +$27.6M |
| Q4 2024 | $20.5M | +512% |
FDUS has the edge over CIFR on cash flow, with more consistent year-over-year improvement.
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.
FDUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +949K shares |
| 1 year | +8.9% | +3.2M shares |
| 3 years | +46% | +12.3M shares |
| 5 years | +59% | +14.5M shares |
| Available history | +59% | +14.4M shares |
FDUS has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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.
FDUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 4.1x | High |
| Q2 2022 | 3.1x | Elevated |
| Q1 2022 | 2.5x | Moderate |
| Q4 2021 | 1.7x | Healthy |
| Q3 2021 | 2.6x | Moderate |
| Q2 2021 | 3.3x | Elevated |
| Q1 2021 | 4.1x | High |
| Q4 2020 | 9.6x | High |
FDUS's net debt is about 4.1 years of its operating earnings (EBITDA), up from 2.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FDUS.
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).
FDUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.5 | Neutral |
| Stochastic | 49.6 | Neutral |
FDUS's weekly RSI is 51 (neutral) and its Stochastic is 50 (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.
FDUS PE vs Financial Services Sector
| Metric | FDUS | Sector median | Relative |
|---|---|---|---|
| PE | 8.7x | 13x | 33% below |
| PE % | 53 | 63 | 10 pts below |
FDUS is trading at 8.7x earnings, a 33% discount 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.
FDUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.2 | 0.8% above |
| 20 week MA | $19.5 | 1% below |
| 50 week MA | $19.1 | 1.4% above |
| 100 week MA | $19.9 | 2.8% below |
| 200 week MA | $19.8 | 2.2% below |
FDUS 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.
FDUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $12.6 | -16% |
| 2021 | $12.6 | $17.9 | +42% |
| 2022 | $17.9 | $19.0 | +6% |
| 2023 | $19.0 | $19.7 | +3.7% |
| 2024 | $19.7 | $20.9 | +5.9% |
| 2025 | $20.9 | $19.4 | -6.8% |
| 2026 YTD | $19.4 | $19.3 | -0.6% |
FDUS has the edge over CIFR on returns for 2026, with the stronger performance.