CIFR

Cipher Mining Inc.

There isn't enough reported data to score CIFR yet.

IBN

ICICI Bank Limited

56
Fundamentals54/ 100
Valuation50/ 100
Upside potential55/ 100
Risk potential16/ 100

IBN's fundamentals are mixed: its operating margin rose 1 points to 26%, but revenue fell 0.7%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

CIFR Fundamentals

MetricStatus
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.

IBN Fundamentals

MetricStatus
Stable
Strong
N/A
N/A

IBN's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like IBN.

CIFR PE Valuation

CIFR has no meaningful PE right now: it lost money over the past year.

IBN PE Valuation

CHEAPFAIREXPENSIVE6.3x13x19x25x
CHEAPFAIREXPENSIVE6.3x13x19x25x
LevelPEPriceVs current
Cheap18x$30.21-12%
Fair19x$32.33-6%
Expensive21x$34.73+1%
Current21x$34.39—

Historical ranges are pointers, not guarantees.

IBN's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over IBN on the outlook, with more favorable profitability expectations.

IBN Forward outlook

MetricOutlook
--
Strong growth
Strong growth
Strongly weakening
Limited
Moderate

Analysts expect strong earnings and revenue growth for IBN, but weaker profitability.

CIFR Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.15 on Nov 12.

There is not enough scenario data to compare CIFR and IBN's risk to reward.

IBN Risk to reward

ScenarioChangePrice
Upside+20%$41.42
Downside-16%$28.74

Calculated from the latest close: $34.39 on Nov 12.

There is not enough scenario data to compare CIFR and IBN's risk to reward.

CIFR Earnings Per Share

Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
QuarterTTM EPSYoY
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.

IBN Earnings Per Share

Q3 2023: $1.20Q4 2023: $1.27Q1 2024: $1.32Q2 2024: $1.35Q3 2024: $1.41Q4 2024: $1.46Q1 2025: $1.52Q2 2025: $1.57Q3 2025: $1.58Q4 2025: $1.57Q1 2026: $1.60Q2 2026: $1.66
Q3 2023: $1.20Q4 2023: $1.27Q1 2024: $1.32Q2 2024: $1.35Q3 2024: $1.41Q4 2024: $1.46Q1 2025: $1.52Q2 2025: $1.57Q3 2025: $1.58Q4 2025: $1.57Q1 2026: $1.60Q2 2026: $1.66
QuarterTTM EPSYoY
Q2 2026$1.66+5.7%
Q1 2026$1.60+5.3%
Q4 2025$1.57+7.5%
Q3 2025$1.58+12%
Q2 2025$1.57+16%
Q1 2025$1.52+15%
Q4 2024$1.46+15%
Q3 2024$1.41+18%

IBN has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.

CIFR Quarterly Revenue

Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
QuarterRevenueYoY
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.

IBN Quarterly Revenue

Q3 2023: $6.1BQ4 2023: $6.3BQ1 2024: $7.1BQ2 2024: $7.2BQ3 2024: $7.8BQ4 2024: $8BQ1 2025: $8.5BQ2 2025: $8BQ3 2025: $8.1BQ4 2025: $8.3BQ1 2026: $9BQ2 2026: $6.6B
Q3 2023: $6.1BQ4 2023: $6.3BQ1 2024: $7.1BQ2 2024: $7.2BQ3 2024: $7.8BQ4 2024: $8BQ1 2025: $8.5BQ2 2025: $8BQ3 2025: $8.1BQ4 2025: $8.3BQ1 2026: $9BQ2 2026: $6.6B
QuarterRevenueYoY
Q2 2026$6.6B-18%
Q1 2026$9B+6.1%
Q4 2025$8.3B+3.8%
Q3 2025$8.1B+4.4%
Q2 2025$8B+11%
Q1 2025$8.5B+20%
Q4 2024$8B+25%
Q3 2024$7.8B+27%

IBN has the edge over CIFR on sales, with more consistent year-over-year improvement.

CIFR Free Cash Flow

Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
QuarterFree cash flowYoY
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 has the edge over IBN on cash flow, with more consistent year-over-year improvement.

IBN Free Cash Flow

Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
QuarterFree cash flowYoY
Q2 2026$0$0
Q1 2026$0$0
Q4 2025$0$0
Q3 2025$0$0
Q2 2025$0$0
Q1 2025$0$0
Q4 2024$0$0
Q3 2024$0$0

IBN's free cash flow was $0 over the past year, against $0 the year before. Free cash flow isn't a meaningful measure for financial services companies like IBN.

CIFR Total Shares

Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
PeriodChange %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.

IBN Total Shares

Q3 2023: 3.6BQ4 2023: 3.6BQ1 2024: 3.6BQ2 2024: 3.6BQ3 2024: 3.6BQ4 2024: 3.6BQ1 2025: 3.6BQ2 2025: 3.6BQ3 2025: 3.6BQ4 2025: 3.6BQ1 2026: 3.6BQ2 2026: 3.6B
Q3 2023: 3.6BQ4 2023: 3.6BQ1 2024: 3.6BQ2 2024: 3.6BQ3 2024: 3.6BQ4 2024: 3.6BQ1 2025: 3.6BQ2 2025: 3.6BQ3 2025: 3.6BQ4 2025: 3.6BQ1 2026: 3.6BQ2 2026: 3.6B
PeriodChange %Net change
Quarterly+0.1%+2.6M shares
1 year+0.1%+3M shares
3 years+1.7%+59.4M shares
5 years+2.6%+92.9M shares
Available history+7.5%+254M shares

IBN has the edge over CIFR on shareholder dilution, with a more favorable share count trend.

CIFR Net Leverage

Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
QuarterNet LeverageStatus
Q3 2025-2.3xNet Cash
Q1 2025125.4xHigh
Q4 20240.5xVery low
Q3 2024-0.7xNet Cash
Q2 2024-1.2xNet Cash
Q1 2024-0.9xNet Cash
Q4 2023-2.2xNet Cash
Q2 2023-0.1xNet Cash

CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.

IBN Net Leverage

Q3 2023: 1.4xQ4 2023: 1.7xQ1 2024: 0.2xQ2 2024: 1.1xQ3 2024: 0.8xQ4 2024: 0.6xQ1 2025: -0.4xQ2 2025: 0.2xQ3 2025: 0.5xQ4 2025: 2.0xQ1 2026: -0.6xQ2 2026: 0.4x
Q3 2023: 1.4xQ4 2023: 1.7xQ1 2024: 0.2xQ2 2024: 1.1xQ3 2024: 0.8xQ4 2024: 0.6xQ1 2025: -0.4xQ2 2025: 0.2xQ3 2025: 0.5xQ4 2025: 2.0xQ1 2026: -0.6xQ2 2026: 0.4x
QuarterNet LeverageStatus
Q2 20260.4xVery low
Q1 2026-0.6xNet Cash
Q4 20252.0xHealthy
Q3 20250.5xVery low
Q2 20250.2xVery low
Q1 2025-0.4xNet Cash
Q4 20240.6xVery low
Q3 20240.8xVery low

IBN's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like IBN.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).

IBN Weekly Momentum

MetricValueStatus
RSI71.0Overbought
Stochastic85.3Overbought

IBN's weekly RSI is 71 (overbought) and its Stochastic is 85 (overbought).

CIFR PE vs Financial Services Sector

MetricCIFRSector medianRelative
PEN/A13x—

CIFR has no meaningful PE right now: it lost money over the past year.

IBN PE vs Financial Services Sector

MetricIBNSector medianRelative
PE21x13x60% above
PE %796316 pts above

IBN is trading at 21x earnings, a 60% premium to the Financial Services sector's median of 13x, though its earnings don't support one.

CIFR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.633% below
20 week MA$15.554% below
50 week MA$17.058% below
100 week MA$12.241% below
200 week MA$7.869% below

CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.

IBN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$30.114% above
20 week MA$29.815% above
50 week MA$29.019% above
100 week MA$30.214% above
200 week MA$27.724% above

IBN has the edge over CIFR on trend strength, trading above more of its moving averages.

CIFR Yearly ROI

YearStart priceEnd priceROI
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.

IBN Yearly ROI

YearStart priceEnd priceROI
2020$15.3$14.0-8.4%
2021$14.0$19.3+38%
2022$19.3$21.6+12%
2023$21.6$23.8+11%
2024$23.8$30.5+28%
2025$30.5$30.1-1.3%
2026 YTD$30.1$34.4+14%

IBN has the edge over CIFR on returns for 2026, with the stronger performance.

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