CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
UPST
Upstart Holdings, Inc.
UPST's fundamentals are strong and it looks cheap: trading at 31x earnings, less than half its usual 75x. Analysts expect earnings to decline, though they disagree widely on how much.
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.
UPST Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
UPST's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like UPST.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
UPST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $19.15 | — |
| Cheap | 30x | $18.54 | -3.2% |
| Current | 31x | $19.15 | — |
| Fair | 75x | $46.41 | +142% |
| Expensive | 441x | $273 | +1328% |
Historical ranges are pointers, not guarantees.
UPST's PE is in its cheap range at 31x. On analysts' estimates for next year's earnings, today's price would be 18x.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over UPST on the outlook, with more favorable earnings and profitability expectations.
UPST Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect UPST's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
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.
UPST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.04 | +67% |
| Q3 2026 | $0.62 | +158% |
| Q2 2026 | $0.52 | +$0.58 |
| Q1 2026 | $0.41 | +$1.14 |
| Q4 2025 | $0.45 | +$1.89 |
| Q3 2025 | $0.24 | +$2.14 |
| Q2 2025 | -$0.06 | +$2.25 |
| Q1 2025 | -$0.73 | +$1.30 |
| Q4 2024 | -$1.44 | +$1.43 |
UPST 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.
UPST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $370.5M | +34% |
| Q2 2026 | $364.7M | +42% |
| Q1 2026 | $308.2M | +44% |
| Q4 2025 | $296.1M | +35% |
| Q3 2025 | $277.1M | +71% |
| Q2 2025 | $257.3M | +102% |
| Q1 2025 | $213.4M | +67% |
| Q4 2024 | $219M | +56% |
UPST has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.7% | +1.2 points |
| Q2 2026 | 4% | +2.2 points |
| Q1 2026 | -2.4% | -0.3 points |
| Q4 2025 | 6.4% | +8.6 points |
| Q3 2025 | 8.5% | +36 points |
| Q2 2025 | 1.8% | +45 points |
| Q1 2025 | -2.1% | +51 points |
| Q4 2024 | -2.2% | +32 points |
UPST 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.
UPST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$20.6M | +$102.1M |
| Q2 2026 | -$138.7M | -$18.4M |
| Q1 2026 | -$136M | -$122.6M |
| Q4 2025 | $108.4M | +$219.3M |
| Q3 2025 | -$122.7M | -168% |
| Q2 2025 | -$120.3M | -284% |
| Q1 2025 | -$13.5M | -126% |
| Q4 2024 | -$110.9M | +$33M |
UPST 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 the edge over UPST 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.
UPST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +14% | +15.7M shares |
| 1 year | +14% | +15.7M shares |
| 3 years | +49% | +41M shares |
| 5 years | +31% | +29.4M shares |
| Available history | +771% | +111M shares |
UPST has 125M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $100.1M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | $27.8M |
| Q3 2022 | $25M |
| Q4 2020 | — |
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.
UPST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.3x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -7.4x | Net Cash |
| Q4 2025 | -9.7x | Net Cash |
| Q3 2025 | -11.7x | Net Cash |
| Q3 2022 | -39.2x | Net Cash |
| Q2 2022 | -7.7x | Net Cash |
| Q1 2022 | -4.5x | Net Cash |
UPST has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like UPST.
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).
UPST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.1 | Neutral |
| Stochastic | 5.5 | Oversold |
UPST's weekly RSI is 30 (neutral) and its Stochastic is 5 (oversold).
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.
UPST PE vs Financial Services Sector
| Metric | UPST | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 13x | 137% above |
| PE % | 18 | 61 | 43 pts below |
UPST is trading at 31x earnings, a 137% 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.
UPST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.8 | 16% below |
| 20 week MA | $26.7 | 28% below |
| 50 week MA | $31.7 | 40% below |
| 100 week MA | $44.8 | 57% below |
| 200 week MA | $38.6 | 50% below |
UPST is in a downtrend: it's below all five of its weekly moving averages, and 50% below its 200-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 has the edge over UPST on returns for 2026, with the stronger performance.
UPST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.1 | $44.0 | -0.3% |
| 2021 | $44.0 | $148.1 | +237% |
| 2022 | $148.1 | $13.2 | -91% |
| 2023 | $13.2 | $40.9 | +210% |
| 2024 | $40.9 | $68.0 | +66% |
| 2025 | $68.0 | $47.5 | -30% |
| 2026 YTD | $47.5 | $19.2 | -60% |
UPST's yearly returns have swung widely, from +237% in 2021 to −91% in 2022. It's down 60% so far in 2026.