CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
MFIN
Medallion Financial Corp.
MFIN's fundamentals are weak and it looks expensive: trading at 8.4x earnings, above its usual 4.7x. Its downside scenario is about four times its upside.
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.
MFIN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MFIN's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MFIN.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
MFIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.5x | $3.91 | -58% |
| Fair | 4.7x | $5.18 | -45% |
| Expensive | 6.7x | $7.41 | -21% |
| Current | 8.4x | $9.34 | — |
| Forward | 9.6x | $9.34 | — |
Historical ranges are pointers, not guarantees.
MFIN's PE is in its expensive range at 8.4x. Analysts expect earnings to fall, which would put today's price at 9.6x next year's earnings.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over MFIN on the outlook, with more favorable earnings and profitability expectations.
MFIN Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect MFIN's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
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.
MFIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.97 | -12% |
| Q3 2026 | $1.11 | -35% |
| Q2 2026 | $1.33 | -24% |
| Q1 2026 | $1.48 | -7.5% |
| Q4 2025 | $1.78 | +17% |
| Q3 2025 | $1.71 | +1.2% |
| Q2 2025 | $1.76 | -2.2% |
| Q1 2025 | $1.60 | -25% |
| Q4 2024 | $1.52 | -36% |
MFIN 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.
MFIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $61.8M | +5.2% |
| Q2 2026 | $61.7M | -1.4% |
| Q1 2026 | $56.5M | -10% |
| Q4 2025 | $70.6M | +25% |
| Q3 2025 | $58.7M | +10% |
| Q2 2025 | $62.6M | +23% |
| Q1 2025 | $63M | +18% |
| Q4 2024 | $56.3M | +8.2% |
MFIN has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -22 points |
| Q2 2026 | 23% | -7.6 points |
| Q1 2026 | 21% | -12 points |
| Q4 2025 | 29% | -3.5 points |
| Q3 2025 | 33% | +6.6 points |
| Q2 2025 | 31% | +6.8 points |
| Q1 2025 | 32% | -1.4 points |
| Q4 2024 | 33% | -9.8 points |
MFIN 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.
MFIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44.6M | -33% |
| Q2 2026 | $17.5M | +$28.2M |
| Q1 2026 | $41.3M | +14% |
| Q4 2025 | $33.8M | +19% |
| Q3 2025 | $67M | +146% |
| Q2 2025 | -$10.7M | -139% |
| Q1 2025 | $36.3M | +12% |
| Q4 2024 | $28.4M | +45% |
MFIN 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.
MFIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -366K shares |
| 1 year | -3.2% | -790K shares |
| 3 years | +1.1% | +254K shares |
| 5 years | -5.4% | -1.3M shares |
| Available history | -2.9% | -696K shares |
MFIN has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.6M |
| Q2 2026 | $7.7M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $455,000 |
| Q1 2025 | $531,000 |
| Q4 2024 | — |
MFIN spent $13M buying back its own shares over the past year, more than ten times what it spent 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.
MFIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.6x | Elevated |
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.8x | Moderate |
MFIN's net debt is about 3.6 years of its operating earnings (EBITDA), up from 2.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MFIN.
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).
MFIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.5 | Neutral |
| Stochastic | 12.1 | Oversold |
MFIN's weekly RSI is 36 (neutral) and its Stochastic is 12 (oversold).
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.
MFIN PE vs Financial Services Sector
| Metric | MFIN | Sector median | Relative |
|---|---|---|---|
| PE | 8.4x | 13x | 35% below |
| PE % | 85 | 63 | 22 pts above |
MFIN is trading at 8.4x earnings, a 35% 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.
MFIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.0 | 15% below |
| 20 week MA | $11.0 | 15% below |
| 50 week MA | $10.2 | 8.8% below |
| 100 week MA | $9.84 | 5.1% below |
| 200 week MA | $9.02 | 3.5% above |
MFIN 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.
MFIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.15 | $5.20 | -27% |
| 2021 | $5.20 | $8.45 | +62% |
| 2022 | $8.45 | $6.91 | -18% |
| 2023 | $6.91 | $9.85 | +43% |
| 2024 | $9.85 | $9.37 | -4.9% |
| 2025 | $9.37 | $10.6 | +13% |
| 2026 YTD | $10.6 | $9.34 | -12% |
MFIN has the edge over CIFR on returns for 2026, with the stronger performance.