CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
NIC
Nicolet Bankshares, Inc.
NIC's fundamentals are mixed, but it looks expensive: trading at 19x 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.
NIC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
NIC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NIC.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
NIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $108 | -38% |
| Forward | 13x | $174 | — |
| Fair | 14x | $125 | -28% |
| Expensive | 17x | $157 | -10% |
| Current | 19x | $174 | — |
Historical ranges are pointers, not guarantees.
NIC's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over NIC on the outlook, with more favorable profitability expectations.
NIC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for NIC, with profitability holding steady.
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.
NIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +48% |
| Q3 2026 | $9.02 | -3.6% |
| Q2 2026 | $8.79 | +0.7% |
| Q1 2026 | $8.51 | +2.4% |
| Q4 2025 | $9.78 | +21% |
| Q3 2025 | $9.36 | +19% |
| Q2 2025 | $8.73 | +26% |
| Q1 2025 | $8.31 | +28% |
| Q4 2024 | $8.05 | +97% |
NIC 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.
NIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $174.4M | +70% |
| Q2 2026 | $177.8M | +86% |
| Q1 2026 | $134.9M | +51% |
| Q4 2025 | $104M | +13% |
| Q3 2025 | $102.9M | +13% |
| Q2 2025 | $95.7M | +13% |
| Q1 2025 | $89.4M | +8.8% |
| Q4 2024 | $92.4M | +4.2% |
NIC has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | -3.9 points |
| Q2 2026 | 41% | -6 points |
| Q1 2026 | 14% | -31 points |
| Q4 2025 | 48% | +1.5 points |
| Q3 2025 | 50% | +5.4 points |
| Q2 2025 | 47% | +3.5 points |
| Q1 2025 | 45% | +3.1 points |
| Q4 2024 | 47% | +4.6 points |
NIC 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.
NIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.1M | +46% |
| Q2 2026 | $89.3M | +133% |
| Q1 2026 | $15.1M | -64% |
| Q4 2025 | $23.9M | -15% |
| Q3 2025 | $45.9M | +32% |
| Q2 2025 | $38.4M | +12% |
| Q1 2025 | $41.3M | +106% |
| Q4 2024 | $28.1M | -19% |
NIC 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 NIC 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.
NIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -186K shares |
| 1 year | +40% | +6.1M shares |
| 3 years | +44% | +6.6M shares |
| 5 years | +109% | +11.2M shares |
| Available history | +118% | +11.6M shares |
NIC has 22M diluted shares, up 40% from a year ago, despite $103M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $40.2M |
| Q1 2026 | $22.4M |
| Q4 2025 | — |
| Q3 2025 | $20.5M |
| Q2 2025 | $30M |
| Q1 2025 | $26M |
| Q4 2024 | $10.1M |
NIC spent $103M buying back its own shares over the past year, up 18% from 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.
NIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
NIC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NIC.
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).
NIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 64.4 | Neutral |
NIC's weekly RSI is 62 (neutral) and its Stochastic is 64 (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.
NIC PE vs Financial Services Sector
| Metric | NIC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 48% above |
| PE % | 90 | 63 | 27 pts above |
NIC is trading at 19x earnings, a 48% 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.
NIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.0 | 3.1% above |
| 20 week MA | $170.0 | 2.4% above |
| 50 week MA | $153.9 | 13% above |
| 100 week MA | $137.3 | 27% above |
| 200 week MA | $108.8 | 60% above |
NIC 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.
NIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.6 | $68.0 | -8.9% |
| 2021 | $68.0 | $87.0 | +28% |
| 2022 | $87.0 | $80.9 | -6.9% |
| 2023 | $80.9 | $80.5 | -0.6% |
| 2024 | $80.5 | $104.6 | +30% |
| 2025 | $104.6 | $123.7 | +18% |
| 2026 YTD | $123.7 | $174.1 | +41% |
NIC has the edge over CIFR on returns for 2026, with the stronger performance.