CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
ZBAO
Zhibao Technology Inc. Class A Ordinary Shares
There isn't enough reported data to score ZBAO yet.
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.
ZBAO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| N/A | |
| N/A |
ZBAO's profitability is currently weak. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like ZBAO.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
ZBAO PE Valuation
ZBAO has no meaningful PE right now: it lost money over the past year.
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.
ZBAO Forward outlook
There aren't enough analyst estimates for ZBAO 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.
ZBAO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$14.56 | -541% |
| Q4 2024 | $5.25 | +$21.79 |
| Q2 2024 | $3.30 | +$15.20 |
| Q4 2023 | -$16.54 | -577% |
| Q2 2023 | -$11.90 | -241% |
ZBAO has the edge over CIFR in the latest year-over-year earnings comparison.
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% |
ZBAO has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus up 144% for ZBAO.
| 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.
ZBAO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $30.9M | +41% |
| Q2 2025 | $19.6M | +31% |
| Q4 2024 | $22M | +74% |
| Q2 2024 | $14.9M | +89% |
| Q4 2023 | $12.6M | +85% |
| Q2 2023 | $7.9M | +2.9% |
| Q1 2023 | $3.8M | +1.7% |
| Q4 2022 | $6.8M | -22% |
ZBAO's revenue has grown year over year for seven quarters in a row: $31M last quarter, up 144% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 2.3% | +12 points |
| Q2 2025 | -44% | +58 points |
| Q4 2024 | 2.6% | +104 points |
| Q2 2024 | 19% | +12 points |
| Q4 2023 | -9.9% | -17 points |
| Q2 2023 | -101% | -114 points |
| Q1 2023 | -101% | -114 points |
| Q4 2022 | 7.1% | +1.5 points |
ZBAO's operating margin was 2.3% last quarter, up 12 points from the same quarter a year ago.
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 |
ZBAO has the stronger cash trend. Its trailing FCF is down 603% versus its history, compared with CIFR at down 974%.
ZBAO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2023 | -$32.3M | -$29M |
| Q1 2023 | -$15.5M | -$14M |
| Q4 2022 | $15.3M | +420% |
| Q3 2022 | $15.5M | +934% |
ZBAO's free cash flow was −$34M over the past year, against $14M the year before. Free cash flow isn't a meaningful measure for financial services companies like ZBAO.
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 ZBAO 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.
ZBAO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +8K shares |
| 1 year | +18% | +99.1K shares |
ZBAO has 639,728 diluted shares, up 18% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
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.
ZBAO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 1.0x | Very low |
| Q3 2022 | 5.5x | High |
| Q2 2022 | 1.1x | Healthy |
ZBAO's net debt is about a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like ZBAO.
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).
ZBAO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.8 | Oversold |
| Stochastic | 0.1 | Oversold |
ZBAO's weekly RSI is 25 (oversold) and its Stochastic is 0 (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.
ZBAO PE vs Financial Services Sector
| Metric | ZBAO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
ZBAO has no meaningful PE right now: it lost money over the past year.
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 |
ZBAO has stronger trend alignment. CIFR is above 0 of 5 weekly averages versus ZBAO above 0 of 4.
ZBAO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.75 | 88% below |
| 20 week MA | $7.43 | 97% below |
| 50 week MA | $27.9 | 99% below |
| 100 week MA | $43.1 | 100% below |
ZBAO is in a downtrend: it's below all four of its weekly moving averages, and 100% below 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 has the edge over ZBAO on returns for 2026, with the stronger performance.
ZBAO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $170.0 | $88.0 | -48% |
| 2025 | $88.0 | $44.7 | -49% |
| 2026 YTD | $44.7 | $0.21 | -100% |
ZBAO has finished every year since 2024 lower, and it's down 100% so far in 2026.