CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
OTF
Blue Owl Technology Finance Corp.
OTF's fundamentals are mixed, but it looks expensive: trading at 11x earnings, above its usual 9.4x. Analysts expect 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.
OTF Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
OTF's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like OTF.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
OTF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7x | $5.86 | -38% |
| Forward | 7.2x | $9.46 | — |
| Fair | 8.9x | $7.48 | -21% |
| Current | 11x | $9.46 | — |
| Expensive | 12x | $9.77 | +3.3% |
Historical ranges are pointers, not guarantees.
OTF's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 7.2x 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 OTF on the outlook, with more favorable profitability expectations.
OTF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OTF, but weaker profitability.
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.
OTF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +57% |
| Q3 2026 | $0.84 | -51% |
| Q2 2026 | $0.86 | -52% |
| Q1 2026 | $0.96 | -32% |
| Q4 2025 | $1.76 | +16% |
| Q3 2025 | $1.73 | +13% |
| Q2 2025 | $1.80 | +45% |
| Q1 2025 | $1.41 | -20% |
| Q4 2024 | $1.52 | -16% |
OTF 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.
OTF Quarterly Revenue
OTF and CIFR do not have enough comparable growth data to identify a winner.
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.
OTF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $181.6M | +14% |
| Q2 2026 | -$316.7M | +$93.5M |
| Q1 2026 | -$197.3M | -136% |
| Q4 2025 | -$1.2B | -846% |
| Q3 2025 | $158.7M | +$312.3M |
| Q2 2025 | -$410.2M | -$387.2M |
| Q1 2025 | $542.2M | +586% |
| Q4 2024 | $161.7M | -36% |
OTF has the edge over CIFR on cash flow, with more consistent year-over-year improvement.
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.
OTF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -4.7M shares |
| 1 year | -2.3% | -10.5M shares |
| 3 years | +122% | +251M shares |
OTF has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.2M |
| Q2 2026 | $55.1M |
| Q1 2026 | $50.2M |
| Q4 2025 | $64.6M |
OTF spent $225M buying back its own shares over the past year.
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.
OTF Net Leverage
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).
OTF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.6 | Neutral |
| Stochastic | 24.0 | Neutral |
OTF's weekly RSI is 38 (neutral) and its Stochastic is 24 (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.
OTF PE vs Financial Services Sector
| Metric | OTF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 75 | 12 | 63 pts above |
OTF is trading at 11x earnings, a 13% 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 |
OTF has stronger trend alignment. CIFR is above 0 of 5 weekly averages versus OTF above 0 of 3.
OTF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.50 | 0.4% below |
| 20 week MA | $10.3 | 7.7% below |
| 50 week MA | $11.4 | 17% below |
OTF is in a downtrend: it's below all three of its weekly moving averages, and 17% below its 50-week average.
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.
OTF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.0 | $14.1 | -12% |
| 2026 YTD | $14.1 | $9.46 | -33% |
OTF has the edge over CIFR on returns for 2026, with the stronger performance.