CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
PLGO
Pelagos Insurance Capital Limit
PLGO's fundamentals are strong: its operating margin went from −0.3% to 14% and it returned to profit. At 8.3x earnings, it's trading above its usual 6.8x. 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.
PLGO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
PLGO's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PLGO.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
PLGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $20.62 | -28% |
| Fair | 6.8x | $23.72 | -18% |
| Forward | 7.6x | $28.83 | — |
| Current | 8.3x | $28.83 | — |
| Expensive | 10x | $34.97 | +21% |
Historical ranges are pointers, not guarantees.
PLGO's PE is in its fair range at 8.3x. If earnings grow as analysts expect, today's price would be 7.6x next year's earnings.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over PLGO on the outlook, with more favorable profitability expectations.
PLGO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PLGO, 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.
PLGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.77 | +8.3% |
| Q3 2026 | $3.48 | +$3.49 |
| Q2 2026 | $3.98 | +$4.35 |
| Q1 2026 | $3.64 | +$3.73 |
| Q4 2025 | $2.11 | +115% |
| Q4 2024 | $0.98 | -95% |
PLGO 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.
PLGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $800.9M | +23% |
| Q2 2026 | $650M | +10% |
| Q1 2026 | $610.6M | -7.3% |
| Q4 2025 | $600.9M | -11% |
| Q3 2025 | $651.9M | -5% |
| Q2 2025 | $589.3M | +9.1% |
| Q1 2025 | $658.4M | +27% |
| Q4 2024 | $673.8M | -81% |
PLGO has the edge over CIFR on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -16 points |
| Q2 2026 | 8.1% | +4.4 points |
| Q1 2026 | 17% | +25 points |
| Q4 2025 | 24% | +45 points |
| Q3 2025 | 25% | +7.5 points |
| Q2 2025 | 3.8% | -7.9 points |
| Q1 2025 | -7.6% | -26 points |
| Q4 2024 | -21% | -78 points |
PLGO 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.
PLGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $133.7M | -14% |
| Q2 2026 | -$26.7M | +$332.6M |
| Q1 2026 | $273.6M | +$707M |
| Q4 2025 | $228.6M | +82% |
| Q3 2025 | $154.6M | -51% |
| Q2 2025 | -$359.3M | -274% |
| Q1 2025 | -$433.4M | -$397.8M |
| Q4 2024 | $125.4M | -74% |
PLGO 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.
PLGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -2.1M shares |
| 1 year | -21% | -22M shares |
| 3 years | -29% | -33.5M shares |
PLGO has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $83M |
| Q2 2026 | $60.1M |
| Q1 2026 | $219.4M |
| Q4 2025 | $118.7M |
| Q3 2025 | $31.9M |
| Q2 2025 | $88.7M |
| Q1 2025 | $22.1M |
| Q4 2024 | — |
PLGO spent $481M buying back its own shares over the past year, about three 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.
PLGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -3.7x | Net Cash |
| Q1 2025 | -30.9x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
| Q4 2023 | -0.1x | Net Cash |
PLGO's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like PLGO.
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).
PLGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 74.5 | Overbought |
| Stochastic | 91.0 | Overbought |
PLGO's weekly RSI is 75 (overbought) and its Stochastic is 91 (overbought).
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.
PLGO PE vs Financial Services Sector
| Metric | PLGO | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 64 | 46 | 18 pts above |
PLGO is trading at 8.3x earnings, a 36% 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 |
PLGO has stronger trend alignment. CIFR is above 0 of 5 weekly averages versus PLGO above 4 of 4.
PLGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.8 | 12% above |
| 20 week MA | $25.3 | 14% above |
| 50 week MA | $22.2 | 30% above |
| 100 week MA | $19.5 | 48% above |
PLGO is in an uptrend: it's above all four of its weekly moving averages, and 48% above its 100-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.
PLGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $13.7 | $12.7 | -7.3% |
| 2024 | $12.7 | $17.6 | +39% |
| 2025 | $17.6 | $19.5 | +11% |
| 2026 YTD | $19.5 | $28.8 | +48% |
PLGO has the edge over CIFR on returns for 2026, with the stronger performance.