CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
FISI
Financial Institutions, Inc.
FISI's fundamentals are mixed, but it looks expensive: trading at 9.9x earnings, above its usual 7.4x. Analysts expect 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.
FISI Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
FISI's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like FISI.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
FISI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.8x | $23.28 | -42% |
| Fair | 7.3x | $29.54 | -26% |
| Forward | 9.5x | $40.04 | — |
| Expensive | 9.9x | $39.80 | -0.6% |
| Current | 9.9x | $40.04 | — |
Historical ranges are pointers, not guarantees.
FISI's PE is in its expensive range at 9.9x. If earnings grow as analysts expect, today's price would be 9.5x next year's earnings.
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.
FISI Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FISI, with profitability improving.
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 |
FISI has the stronger earnings trend. Trailing diluted EPS is down 1,630% for CIFR versus FISI up 27%.
FISI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.24 | +5.1% |
| Q3 2024 | $3.17 | -4.2% |
| Q2 2024 | $3.21 | -3% |
| Q1 2024 | $2.50 | -26% |
| Q4 2023 | $3.15 | -12% |
| Q3 2023 | $3.31 | -17% |
| Q2 2023 | $3.31 | -21% |
| Q1 2023 | $3.39 | -24% |
| Q4 2022 | $3.56 | -26% |
FISI earned $4.03 per share over the past year, up 27% from the year before.
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.
FISI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.7M | +1.4% |
| Q2 2026 | $64.3M | +7.7% |
| Q1 2026 | $62.7M | +9.5% |
| Q3 2025 | $63.8M | +27% |
| Q2 2025 | $59.7M | -8.4% |
| Q1 2025 | $57.2M | +12% |
| Q3 2024 | $50.1M | -3.9% |
| Q2 2024 | $65.2M | +21% |
FISI has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | -2.4 points |
| Q2 2026 | 40% | +3.8 points |
| Q1 2026 | 40% | +3.6 points |
| Q4 2025 | 37% | N/A |
| Q3 2025 | 40% | +11 points |
| Q2 2025 | 36% | -10 points |
| Q1 2025 | 36% | +31 points |
| Q3 2024 | 29% | -2.5 points |
FISI 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.
FISI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.8M | +$39.7M |
| Q2 2026 | $21.8M | +$29.1M |
| Q1 2026 | $23M | +151% |
| Q3 2025 | -$7.9M | -$7.6M |
| Q2 2025 | -$7.3M | -121% |
| Q1 2025 | $9.2M | -17% |
| Q3 2024 | -$299K | -101% |
| Q2 2024 | $34.7M | +341% |
FISI 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.
FISI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -39K shares |
| 1 year | -2.1% | -434K shares |
| 3 years | +29% | +4.5M shares |
| 5 years | +25% | +4M shares |
| Available history | +24% | +3.9M shares |
FISI has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $7.7M |
| Q2 2026 | $65,000 |
| Q1 2026 | $6.1M |
| Q4 2025 | $10.9M |
| Q3 2025 | $34,000 |
| Q2 2025 | — |
| Q1 2025 | $481,000 |
| Q3 2024 | $26,000 |
FISI spent $25M buying back its own shares over the past year.
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.
FISI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 2.0x | Healthy |
| Q3 2024 | -1.0x | Net Cash |
| Q2 2024 | 2.5x | Moderate |
| Q1 2024 | 0.4x | Very low |
| Q4 2023 | 2.6x | Moderate |
FISI's net debt is about 1.3 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like FISI.
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).
FISI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.7 | Neutral |
| Stochastic | 38.7 | Neutral |
FISI's weekly RSI is 57 (neutral) and its Stochastic is 39 (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.
FISI PE vs Financial Services Sector
| Metric | FISI | Sector median | Relative |
|---|---|---|---|
| PE | 9.9x | 13x | 24% below |
| PE % | 84 | 63 | 21 pts above |
FISI is trading at 9.9x earnings, a 24% 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.
FISI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.7 | 0.8% above |
| 20 week MA | $40.3 | 0.6% below |
| 50 week MA | $36.2 | 11% above |
| 100 week MA | $31.4 | 28% above |
| 200 week MA | $25.8 | 55% above |
FISI 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.
FISI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.0 | $22.5 | -30% |
| 2021 | $22.5 | $31.8 | +42% |
| 2022 | $31.8 | $24.5 | -23% |
| 2023 | $24.5 | $21.3 | -13% |
| 2024 | $21.3 | $27.0 | +27% |
| 2025 | $27.0 | $32.0 | +18% |
| 2026 YTD | $32.0 | $40.0 | +25% |
FISI has the edge over CIFR on returns for 2026, with the stronger performance.