CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
OCSL
Oaktree Specialty Lending Corporation
OCSL's fundamentals are mixed, but it looks expensive: trading at 25x earnings, above its usual 19x. Analysts expect earnings to decline.
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.
OCSL Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
OCSL's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like OCSL.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
OCSL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.8x | $2.79 | -77% |
| Forward | 8.9x | $12.16 | — |
| Fair | 19x | $8.88 | -27% |
| Current | 25x | $12.16 | — |
| Expensive | 34x | $16.42 | +35% |
Historical ranges are pointers, not guarantees.
OCSL's PE is in its expensive range at 25x. On analysts' estimates for next year's earnings, today's price would be 8.9x, in its cheap range.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over OCSL on the outlook, with more favorable earnings and revenue expectations.
OCSL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect OCSL's earnings and profitability to decline, with its revenue 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.
OCSL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.36 | +184% |
| Q2 2026 | $0.48 | -14% |
| Q1 2026 | $0.57 | +338% |
| Q4 2025 | $0.36 | -46% |
| Q3 2025 | $0.39 | -46% |
| Q2 2025 | $0.56 | -38% |
| Q1 2025 | $0.13 | -91% |
| Q4 2024 | $0.67 | -57% |
| Q3 2024 | $0.72 | -56% |
OCSL 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% |
OCSL has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus down 32% for OCSL.
| 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.
OCSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $32.8M | -32% |
| Q1 2022 | $25.6M | -74% |
| Q4 2021 | $51.5M | -30% |
| Q3 2021 | $48M | -39% |
| Q2 2021 | $59.2M | -54% |
| Q4 2020 | $73.7M | +168% |
| Q3 2020 | $78.3M | +227% |
OCSL's revenue has slid since its 2020 peak: $33M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 46% | -31 points |
| Q1 2022 | 56% | -35 points |
| Q4 2021 | 78% | -11 points |
| Q3 2021 | 77% | -13 points |
| Q2 2021 | 82% | -11 points |
| Q1 2021 | 91% | N/A |
| Q4 2020 | 89% | +38 points |
| Q3 2020 | 90% | +30 points |
OCSL's operating margin was 46% last quarter, down 36 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
OCSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $57.6M | +173% |
| Q1 2026 | $130.7M | +111% |
| Q4 2025 | -$83.5M | -158% |
| Q3 2025 | $1.3M | -99% |
| Q2 2025 | $21.1M | +$81M |
| Q1 2025 | $62M | +$79.6M |
| Q4 2024 | $144M | +12696% |
| Q3 2024 | $95.5M | -61% |
OCSL 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.
OCSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +14% | +11M shares |
| 5 years | +47% | +28M shares |
| Available history | +87% | +41.1M shares |
OCSL has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.1M |
| Q1 2026 | $1.1M |
| Q4 2025 | $1.1M |
| Q3 2025 | $1.2M |
| Q2 2025 | $3.8M |
| Q1 2025 | $4.3M |
| Q4 2024 | $1.5M |
| Q3 2024 | $1.6M |
OCSL spent $5M buying back its own shares over the past year, down 59% 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.
OCSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 38.9x | High |
| Q2 2022 | 24.2x | High |
| Q1 2022 | 9.4x | High |
| Q4 2021 | 5.8x | High |
| Q3 2021 | 5.2x | High |
| Q2 2021 | 3.7x | Elevated |
| Q1 2021 | 3.1x | Elevated |
| Q4 2020 | 2.7x | Moderate |
OCSL's net debt is more than 20 years of its operating earnings (EBITDA), up from 5.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OCSL.
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).
OCSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 50.3 | Neutral |
OCSL's weekly RSI is 49 (neutral) and its Stochastic is 50 (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.
OCSL PE vs Financial Services Sector
| Metric | OCSL | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 13x | 95% above |
| PE % | 75 | 63 | 12 pts above |
OCSL is trading at 25x earnings, a 95% 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.
OCSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.9 | 1.9% above |
| 20 week MA | $12.3 | 0.8% below |
| 50 week MA | $12.2 | 0.4% below |
| 100 week MA | $13.3 | 8.5% below |
| 200 week MA | $16.1 | 24% below |
OCSL 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.
OCSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.4 | $16.7 | +1.6% |
| 2021 | $16.7 | $22.5 | +35% |
| 2022 | $22.5 | $20.6 | -8.7% |
| 2023 | $20.6 | $20.4 | -0.6% |
| 2024 | $20.4 | $15.3 | -25% |
| 2025 | $15.3 | $12.8 | -16% |
| 2026 YTD | $12.8 | $12.2 | -4.9% |
OCSL has the edge over CIFR on returns for 2026, with the stronger performance.