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Net margin is calculated as Net Income divided by its Revenue. Cipher Mining's Net Income for the three months ended in Jun. 2024 was $-15.3 Mil. Cipher Mining's Revenue for the three months ended in Jun. 2024 was $36.8 Mil. Therefore, Cipher Mining's net margin for the quarter that ended in Jun. 2024 was -41.54%.
The historical rank and industry rank for Cipher Mining's Net Margin % or its related term are showing as below:
The historical data trend for Cipher Mining's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cipher Mining Annual Data | |||||||
Trend | Jan21 | Dec22 | Dec23 | ||||
Net Margin % | - | -1,285.91 | -20.32 |
Cipher Mining Quarterly Data | ||||||||||||
Jun21 | Sep21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Net Margin % | Get a 7-Day Free Trial | -42.27 | -58.44 | 25.88 | 82.89 | -41.54 |
For the Capital Markets subindustry, Cipher Mining's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Capital Markets industry and Financial Services sector, Cipher Mining's Net Margin % distribution charts can be found below:
* The bar in red indicates where Cipher Mining's Net Margin % falls into.
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
Cipher Mining's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
Net Margin | = | Net Income (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | -25.777 | / | 126.842 | |
= | -20.32 % |
Cipher Mining's Net Margin for the quarter that ended in Jun. 2024 is calculated as
Net Margin | = | Net Income (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | -15.291 | / | 36.808 | |
= | -41.54 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cipher Mining (NAS:CIFR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Thank you for viewing the detailed overview of Cipher Mining's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bitfury Top Holdco B.v. | 10 percent owner | STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX |
Cary M Grossman | director | |
Patrick Arthur Kelly | officer: Chief Operating Officer | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
William Iwaschuk | officer: Chief Legal Officer | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
Robert Flatley | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
Tyler Page | director, officer: Chief Executive Officer | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, RYE NY 10017 |
Dykes Robert R B | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
James E Newsome | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
Bitfury Group Ltd | 10 percent owner | STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX |
Bitfury Holding B.v. | 10 percent owner | STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX |
V3 Holding Ltd | 10 percent owner | C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580 |
Valerijis Vavilovs | 10 percent owner | C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580 |
Holly Morrow Evans | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
Caitlin Long | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
Wesley Hastie Williams | director | C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017 |
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