CIFR (Cipher Digital) EBIT: $-805.7 Mil (TTM As of Mar. 2026)


CIFR Cipher Digital Inc CIFR
37 GF Score
Price $25.94
GF Value $6.32
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Cipher Digital EBIT?

Cipher Digital CIFR +1.01% 37 EBIT is $-805.7 Mil as of Mar. 2026. GuruFocus rates CIFR with a GF Score™ of 37/100 and a GF Value™ of $6.32 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Cipher Digital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-54.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-805.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cipher Digital's annualized ROC % for the quarter that ended in Mar. 2026 was -5.81%. Cipher Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -7.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cipher Digital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.49%.


Cipher Digital  (NAS:CIFR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cipher Digital's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-257.1 * ( 1 - 0% )/( (3554.682 + 5301.766)/ 2 )
=-257.1/4428.224
=-5.81 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4291.908 - 108.963 - ( 628.263 - max(0, 699.071 - 2652.859+628.263))
=3554.682

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6393.585 - 376.616 - ( 715.203 - max(0, 1245.699 - 3893.994+715.203))
=5301.766

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Cipher Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-219.004/( ( (644.738 + max(1369.015, 0)) + (1314.956 + max(2294.696, 0)) )/ 2 )
=-219.004/( ( 2013.753 + 3609.652 )/ 2 )
=-219.004/2811.7025
=-7.79 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.687 + 125.4 + 1898.238) - (108.963 + 0 + 546.347)
=1369.015

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.487 + 76.15 + 3094.154) - (376.616 + 7.447 + 500.032)
=2294.696

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cipher Digital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-805.695/14667.898
=-5.49 %

* 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 Digital EBIT Related Terms


Cipher Digital EBIT Historical Data

* Premium members only.

The historical data trend for Cipher Digital's EBIT 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 Digital EBIT Chart

Cipher Digital Annual Data
Trend Jan21 Dec22 Dec23 Dec24 Dec25
EBIT
0.00 -37.08 -20.21 -42.61 -789.00

Cipher Digital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -38.05 -43.73 -2.30 -704.92 -54.75

CIFR vs JKHY, IT, CACI: EBIT Comparison

For the Information Technology Services subindustry, Cipher Digital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Cipher Digital EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Cipher Digital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cipher Digital's EV-to-EBIT falls into.


CIFR
37GF Score
Cipher Digital Inc CIFR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cipher Digital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-805.7 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-805.7 Mil mean?
Cipher Digital (CIFR) has a EBIT of $-805.7 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cipher Digital.
Is Cipher Digital's EBIT too high?
Cipher Digital's current EBIT is $-805.7 Mil. Overall, Cipher Digital has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cipher Digital's EBIT compare to JKHY and IT?
Cipher Digital's EBIT of $-805.7 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cipher Digital. Cipher Digital's current EBIT is $-805.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipher Digital stock overvalued right now?
Based on GuruFocus' analysis, Cipher Digital (CIFR) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.32, compared to a current price of $25.94 — trading 310.4% above its estimated fair value. The current EBIT is $-805.7 Mil. Cipher Digital's overall GF Score™ is 37/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Cipher Digital (CIFR), the current EBIT is $-805.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cipher Digital (CIFR) Overvalued in 2026?

Based on GuruFocus' analysis, Cipher Digital stock appears to be overvalued. The current stock price of $25.94 is trading 310.4% above its estimated GF Value™ of $6.32. GuruFocus considers Cipher Digital to be Significantly Overvalued.

Key valuation signals for CIFR:

  • EBIT: $-805.7 Mil
  • GF Value™: $6.32 vs. price of $25.94 (310.4% above fair value)
  • GF Score™: 37/100 with 6 warning signs

No single metric tells the full story. See the CIFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cipher Digital Business Description

Address 1 Vanderbilt Avenue, Floor 54, New York, NY, USA, 10017
Cipher Digital Inc is focused on high-performance computing (HPC) data center development and operations. It is engaged in developing and operating data centers designed for HPC workloads. Its operations include managing power assets and capital allocation in response to market conditions and demand for AI-related computing capacity.
37GF Score

Get the complete analysis for CIFR

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.94
Price
$6.32
GF Value