CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
NODK
NI Holdings, Inc.
NODK's fundamentals are mixed: its operating margin rose 6 points to 7.7%, but revenue fell 13%. At 21x earnings, it's trading above its usual 17x.
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.
NODK Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
NODK'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 NODK.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
NODK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $7.54 | -50% |
| Fair | 17x | $12.02 | -20% |
| Current | 21x | $14.97 | — |
| Expensive | 96x | $69.38 | +363% |
Historical ranges are pointers, not guarantees.
NODK's PE is in its fair range at 21x.
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.
NODK Forward outlook
There aren't enough analyst estimates for NODK to show an outlook.
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.
NODK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.72 | +414% |
| Q2 2026 | $0.37 | +311% |
| Q1 2026 | -$0.21 | +$0.07 |
| Q4 2025 | -$0.50 | -$0.21 |
| Q3 2025 | $0.14 | +$0.60 |
| Q2 2025 | $0.09 | +$0.41 |
| Q1 2025 | -$0.28 | -217% |
| Q4 2024 | -$0.29 | -$0.03 |
NODK 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 has the edge over NODK on sales, with more consistent year-over-year improvement.
| 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.
NODK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $68.6M | -10% |
| Q2 2026 | $70.2M | -7.7% |
| Q1 2026 | $59.6M | -17% |
| Q4 2025 | $61M | -17% |
| Q3 2025 | $76.6M | -14% |
| Q2 2025 | $76.1M | -13% |
| Q1 2025 | $71.4M | -22% |
| Q4 2024 | $73.9M | -22% |
NODK's revenue has slid since its 2023 peak: $69M last quarter, down 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +13 points |
| Q2 2026 | 0.3% | +21 points |
| Q1 2026 | 26% | +16 points |
| Q4 2025 | -4.8% | -24 points |
| Q3 2025 | -2.4% | +1.4 points |
| Q2 2025 | -20% | -9.8 points |
| Q1 2025 | 11% | +1.9 points |
| Q4 2024 | 19% | +6.5 points |
NODK 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.
NODK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15.3M | +$29.6M |
| Q2 2026 | $893K | -86% |
| Q1 2026 | -$1.9M | -119% |
| Q4 2025 | $13.2M | -38% |
| Q3 2025 | -$44.8M | -$26.7M |
| Q2 2025 | $6.2M | -65% |
| Q1 2025 | $9.9M | -39% |
| Q4 2024 | $21.5M | -26% |
NODK's free cash flow was −$3M over the past year, against −$7M the year before. Free cash flow isn't a meaningful measure for financial services companies like NODK.
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.
NODK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -58.4K shares |
| 1 year | -0.9% | -185K shares |
| 3 years | -1.8% | -377K shares |
| 5 years | -2.8% | -595K shares |
| Available history | -6.5% | -1.4M shares |
NODK has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2023 | $2.6M |
| Q1 2023 | $621,000 |
| Q4 2022 | $1.3M |
| Q3 2022 | $939,000 |
| Q2 2022 | $934,000 |
| Q1 2022 | $997,000 |
| Q4 2021 | $1.1M |
| Q3 2021 | $944,000 |
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.
NODK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
| Q2 2026 | -4.1x | Net Cash |
| Q3 2025 | -4.4x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
| Q3 2024 | -4.5x | Net Cash |
| Q2 2024 | -4.1x | Net Cash |
| Q1 2024 | -6.2x | Net Cash |
| Q4 2021 | -5.3x | Net Cash |
NODK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NODK.
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).
NODK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.8 | Neutral |
| Stochastic | 29.3 | Neutral |
NODK's weekly RSI is 52 (neutral) and its Stochastic is 29 (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.
NODK PE vs Financial Services Sector
| Metric | NODK | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 13x | 60% above |
| PE % | 54 | 63 | 9 pts below |
NODK is trading at 21x earnings, a 60% 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.
NODK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.9 | 0.2% above |
| 20 week MA | $15.3 | 1.8% below |
| 50 week MA | $14.3 | 4.8% above |
| 100 week MA | $13.9 | 7.4% above |
| 200 week MA | $14.0 | 6.6% above |
NODK 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.
NODK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.3 | $16.7 | -3.5% |
| 2021 | $16.7 | $19.0 | +14% |
| 2022 | $19.0 | $13.4 | -30% |
| 2023 | $13.4 | $13.0 | -2.8% |
| 2024 | $13.0 | $15.7 | +21% |
| 2025 | $15.7 | $13.5 | -14% |
| 2026 YTD | $13.5 | $15.0 | +11% |
NODK has the edge over CIFR on returns for 2026, with the stronger performance.