Cipher Digital Inc. is classed by the SEC under Finance Services (industry code 6199), based in New York, NY. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $224 million and a loss of $822 million (its filed statements).
Lending businessFinance ServicesNew York, NYfilings since 20207 of 9 filed, 2 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a lending business: prior from its industry code (SEC 6199, Finance Services); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.8 out of ten, 7 of 9 metrics filed and 2 estimated: past 4.5 out of ten, present 5.5 out of ten, future 4.3 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 3.2 out of ten. 5 warning events since 2020; the latest 2025-04-18. 32nd percentile among 130 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 7.1 out of ten. +319.2% a year over 4 filed years; profitable in 0 of 4. 71st percentile among 104 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 4.5 out of ten. CrossAssetData estimate 4.5/10, confidence 35 of 100 (one part). 45th percentile among 115 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 3.6 out of ten. ROE -102%: lost 102¢ per shareholder dollar. Leverage 81%: owes 81¢ per asset dollar. 36th percentile among 117 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 6.0 out of ten. top 40% of 114 in its family; net margin -367.2%. 60th percentile among 114 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 8.7 out of ten. CrossAssetData estimate 8.7/10, confidence 35 of 100 (one part). 87th percentile among 93 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Room to expand (future): 2.7 out of ten. bottom 27% of 108 in its family for room to expand. 27th percentile among 108 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 7.1 out of ten. top 29% of 100 in its family for growth drivers. 71st percentile among 100 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 3.2 out of ten. bottom 32% of 79 in its family for expectations against reality. 32nd percentile among 79 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-24 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-04 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-04 (on EDGAR). Newest filing: Form 4/A, 2026-10-08. Filings on record since 2020. Read from EDGAR 2026-10-12.
Who runs it
Page, Tyler (Chief Executive Officer); Iwaschuk, William (Co-President and CLO); Kelly, Patrick Arthur (Co-President and COO); Grossman, Cary M (President and CFO); Mumford, Gregory J.d. (Chief Financial Officer); Farrell, Edward J (Chief Financial Officer); Newsome, James E (director); Duda, Thomas David (director); Flatley, Robert (director); Long, Caitlin (director); and 2 more. 12 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-08.
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