Gross margin
63.7% Fiscal year 2025
Rank 69 of 100: higher than 69% of 153 peers (All). strong.
Rank 59 of 100: higher than 59% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
About the company
Cipher Mining runs large data centers in Texas that have so far mainly mined Bitcoin. The company increasingly also leases space and power at its sites for computing power in the field of artificial intelligence. As of Oct 16, 2026
Fact sheet (from the annual report) Other financial services · New York, USA
Cipher Digital develops and operates large data centers for energy-intensive computing and has transformed itself from a pure Bitcoin miner for this purpose. Until the end of 2025, revenue came from Bitcoin mining, for which the company supplied computing power to mining pools in return for block rewards and fees. In 2025 a subsidiary signed long-term leases with Fluidstack for a data center it is building in Barber Lake; Google backstops certain obligations of the tenant. In October 2025 this was followed by a 15-year lease with Amazon Web Services for the Black Pearl data center under construction. It also operates a data center for Bitcoin mining in Texas and holds further sites in Texas and Ohio.
Automatically summarized from SEC annual report (10-K, filed Feb 24, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026
Price performance at a glance
Last 30 trading days
- Today +10.0%
- 7 days −4.5%
- 30 days −52.2%
- 1 year −58.7%
Day range (last trading day)
−8.4%Price at 93% of the range+0.6%
52-week range
−12.0%Price at 5% of the range+255.4%
- Distance from the all-time high
- −71.9%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: redDebt: red
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginCipher Mining · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 24, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 1 without data
1 of 7 criteria met
Growth
Revenue and earnings per share · 5 without data
2 of 2 criteria met
Dividend
Level, consistency, coverage · 6 without data
0 of 1 criteria met
Financial strength
Piotroski, debt, liquidity · 1 without data
2 of 5 criteria met
Quality 1 of 7 met · 1 without data
- met: Gross margin above 40% 63.7%
- not met: Operating margin above 15% −188.2%
- not met: Net margin above 10% −367.2%
- not met: Return on equity above 15% −102.1%
- not met: Free cash flow margin above 10% −310.7%
- no data: Profit in each of the last 5 fiscal years fewer than 5 fiscal years reported
- not met: Free cash flow positive in each of the last 3 fiscal years 0 of 3
- not met: Equity ratio above 30% 18.8%
Operating margin
−188.2% Fiscal year 2025
Rank 5 of 100: higher than 5% of 192 peers (All). weak.
Rank 8 of 100: higher than 8% of 60 peers (Sector). weak.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
−367.2% Fiscal year 2025
Rank 4 of 100: higher than 4% of 237 peers (All). weak.
Rank 7 of 100: higher than 7% of 63 peers (Sector). weak.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
−102.1% Fiscal year 2025
Rank 2 of 100: higher than 2% of 218 peers (All). weak.
Rank 4 of 100: higher than 4% of 61 peers (Sector). weak.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
Return on assets
−19.2% Fiscal year 2025 (total assets at year end)
Rank 6 of 100: higher than 6% of 238 peers (All). weak.
Rank 9 of 100: higher than 9% of 63 peers (Sector). weak.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
Equity ratio
18.8% Fiscal year 2025
Rank 23 of 100: higher than 23% of 239 peers (All). weak.
Rank 12 of 100: higher than 12% of 63 peers (Sector). weak.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
−310.7% Fiscal year 2025
Rank 4 of 100: higher than 4% of 213 peers (All). weak.
Rank 7 of 100: higher than 7% of 62 peers (Sector). weak.
Median Technology: 19.0%
Free cash flow divided by revenue.
Free cash flow
−695.9M USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 2 of 2 met · 5 without data
- met: Over 3 years, revenue grew by more than 5% per year +319.3%
- no data: Over 5 years, revenue grew by more than 5% per year no comparable figures over 5 years
- no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
- no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- no data: Revenue rose in at least 4 of the last 5 fiscal years fewer than 6 fiscal years reported
- met: Revenue rose in the last fiscal year +48.0%
Revenue growth 3 years
+319.3% per year
Rank 99 of 100: higher than 99% of 230 peers (All). strong.
Rank 99 of 100: higher than 99% of 59 peers (Sector). strong.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
Dividend 0 of 1 met · 6 without data
- not met: Pays a dividend no dividend per share reported for the last fiscal year
- no data: Payout ratio at most 60% of earnings pays no dividend
- no data: Dividend paid in each of the last 5 fiscal years pays no dividend
- no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
- no data: Dividend per share higher than 5 years ago pays no dividend
- no data: Free cash flow per share covers the dividend pays no dividend
- no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend
Financial strength 2 of 5 met · 1 without data
- not met: Piotroski F-Score at least 7 of 9 3 of 9
- not met: Long-term debt no higher than equity 3.37
- met: Current assets cover current liabilities 3.79
- met: Positive equity 805.5M USD
- no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
- not met: Free cash flow positive in the last fiscal year −695.9M USD
Piotroski F-Score
3 of 9 Fiscal year 2025
Rank 3 of 100: higher than 3% of 134 peers (All). weak.
Rank 6 of 100: higher than 6% of 44 peers (Sector). weak.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
3.37 at fiscal year end
Rank 5 of 100: lower than 5% of 199 peers (All). weak.
Rank 6 of 100: lower than 6% of 54 peers (Sector). weak.
Median Technology: 0.41
Long-term financial debt divided by equity.
Liquidity (current ratio)
3.79 at fiscal year end
Rank 86 of 100: higher than 86% of 215 peers (All). strong.
Rank 82 of 100: higher than 82% of 63 peers (Sector). strong.
Median Technology: 2.02
Current assets divided by current liabilities.
Change in share count
+53.7% in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- not met: Profit in the last fiscal year (positive return on assets)
- not met: Positive operating cash flow
- not met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- not met: Long-term debt relative to total assets fell
- met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- met: Gross margin higher than the prior year
- not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light green: Revenue grew over 3 years (+319.3% per year), at least as fast as the sector median.
- Light red: Loss in the last fiscal year.
- Light red: Debt much higher than usual in the sector.
- Light red: Profit in 0 of 5 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue not available · Net income −107.0K USD · Net margin not available
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 3.0M USD · Net income −39.1M USD · Net margin −1,285.9%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 126.8M USD · Net income −25.8M USD · Net margin −20.3%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 151.3M USD · Net income −44.6M USD · Net margin −29.5%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 223.9M USD · Net income −822.2M USD · Net margin −367.2%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 30.3M USD · Net income −17.7M USD · Net margin −58.4%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 43.4M USD · Net income 11.2M USD · Net margin 25.9% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 48.1M USD · Net income 39.9M USD · Net margin 82.9%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 36.8M USD · Net income −15.3M USD · Net margin −41.5%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 24.1M USD · Net income −86.8M USD · Net margin −359.9%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 42.2M USD · Net income 17.5M USD · Net margin 41.5% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 49.0M USD · Net income −39.0M USD · Net margin −79.6%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 43.6M USD · Net income −45.8M USD · Net margin −105.1%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 71.7M USD · Net income −3.3M USD · Net margin −4.6%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 59.7M USD · Net income −734.2M USD · Net margin −1,229.6% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 34.8M USD · Net income −114.3M USD · Net margin −328.1%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 24.8M USD · Net income −267.5M USD · Net margin −1,077.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share not available
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share −0.16 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share −0.10 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share −0.14 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share −2.15 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share −0.07 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.13 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share −0.05 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share −0.26 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share −0.11 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share −0.12 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share −0.01 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −0.28 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share −0.65 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 223.9M USD · Net income −822.2M USD · Net margin −367.2%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 63.7 USD gross profit remained.
Operating loss: −188.2% of revenue
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 223.9M USD | 100.0% |
| Gross profit | 142.7M USD | 63.7% |
| Cost of revenue | 81.2M USD | 36.3% |
| Operating expenses | 564.3M USD | 252.0% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin fell in 2 years from −15.9% to −188.2%.
Gross marginOperating marginNet margin Margins above ±200% hidden (revenue very small relative to the result).- Fiscal year 2022: Gross margin 75.4% · Operating margin not available · Net margin not available
- Fiscal year 2023: Gross margin 60.3% · Operating margin −15.9% · Net margin −20.3%
- Fiscal year 2024: Gross margin 58.8% · Operating margin −28.9% · Net margin −29.5%
- Fiscal year 2025: Gross margin 63.7% · Operating margin −188.2% · Net margin not available
Returns
Return on equity fell in 3 years from −11.4% to −102.1%.
Return on equityReturn on assets- Fiscal year 2022: Return on equity −11.4% · Return on assets −9.3%
- Fiscal year 2023: Return on equity −5.2% · Return on assets −4.6%
- Fiscal year 2024: Return on equity −6.5% · Return on assets −5.2%
- Fiscal year 2025: Return on equity −102.1% · Return on assets −19.2%
Equity and long-term debt
The equity ratio fell in 3 years from 81.9% to 18.8%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2022: Equity 342.9M USD · Long-term debt not available
- Fiscal year 2023: Equity 491.3M USD · Long-term debt not available
- Fiscal year 2024: Equity 682.0M USD · Long-term debt 0.0 USD
- Fiscal year 2025: Equity 805.5M USD · Long-term debt 2.7B USD
Liquidity (current ratio)
The current ratio rose in 3 years from 1.18 to 3.79.
Current ratio- Fiscal year 2022: Current ratio 1.18
- Fiscal year 2023: Current ratio 4.60
- Fiscal year 2024: Current ratio 1.28
- Fiscal year 2025: Current ratio 3.79
Cash flow
Free cash flow fell in 3 years from −60.7M USD to −695.9M USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2022: Operating cash flow −20.9M USD · Capital expenditure 39.8M USD · Free cash flow −60.7M USD
- Fiscal year 2023: Operating cash flow −94.2M USD · Capital expenditure 20.5M USD · Free cash flow −114.7M USD
- Fiscal year 2024: Operating cash flow −87.5M USD · Capital expenditure 139.5M USD · Free cash flow −227.0M USD
- Fiscal year 2025: Operating cash flow −207.9M USD · Capital expenditure 487.9M USD · Free cash flow −695.9M USD
Share count
The share count rose in 3 years by 53.7% – more new shares were issued than repurchased (dilution).
Diluted share count- Fiscal year 2022: Diluted share count 248.2M
- Fiscal year 2023: Diluted share count 252.4M
- Fiscal year 2024: Diluted share count 323.1M
- Fiscal year 2025: Diluted share count 381.6M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- none pays no dividend
- To shareholders (4 years)
- 124.2M USD 100% through repurchases
What goes back to shareholders
Over 4 years, 124.2M USD went back to shareholders, 100% of it through share repurchases. Free cash flow over those years was not positive in total. This was offset by new shares issued for 556.5M USD (including employee plans).
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2022: Dividends paid not available · Share repurchases 3.1M USD · New shares issued (including employee plans) not available · Free cash flow −60.7M USD
- Fiscal year 2023: Dividends paid not available · Share repurchases 3.9M USD · New shares issued (including employee plans) 135.8M USD · Free cash flow −114.7M USD
- Fiscal year 2024: Dividends paid not available · Share repurchases 27.6M USD · New shares issued (including employee plans) 225.2M USD · Free cash flow −227.0M USD
- Fiscal year 2025: Dividends paid not available · Share repurchases 89.6M USD · New shares issued (including employee plans) 195.5M USD · Free cash flow −695.9M USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
Cipher Mining next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| IREN IREN | 707.0M USD | +145.7% | 68.9% | −148.0% | −99.4% | −16.8% | 26.5% | −127.0% | 3/9 |
| RIOT Riot Platforms | 647.4M USD | +121.7% | – | −96.1% | −102.4% | −23.2% | 72.6% | −119.6% | – |
| NBIS Nebius Group | 529.8M USD | – | 68.6% | −115.5% | 15.6% | 1.8% | 37.0% | −694.8% | – |
| AAOI Applied Optoelectronics | 455.7M USD | +14.2% | 30.0% | −12.0% | −8.4% | −5.2% | 62.8% | −77.6% | 5/9 |
| AI C3.ai | 250.3M USD | +6.4% | 30.9% | −199.2% | −187.9% | −71.9% | 80.1% | −76.8% | – |
| CIFR Cipher Mining this stock | 223.9M USD | – | 63.7% | −188.2% | −367.2% | −102.1% | 18.8% | −310.7% | 3/9 |
| WULF TeraWulf | 168.5M USD | – | 39.2% | −110.5% | −392.6% | – | 2.1% | −702.5% | 1/9 |
| IONQ IonQ | 130.0M USD | – | 40.4% | −487.4% | −392.6% | −13.4% | 57.8% | −230.4% | – |
| AXTI AXT | 88.3M USD | −1.5% | 12.7% | −24.9% | −24.1% | −7.8% | 63.0% | −21.3% | – |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+319.3% per year, last 3 years
Sector Technology: median +10.0% (93 symbols)
What does this mean? Revenue: over 3 years it grew by 319.3% per year on average – at least as fast as the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth– per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: not available
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin−367.2% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 367.17 USD.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth9.69 latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 USD of equity there is 9.69 USD of financial debt – more than twice as much as the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth– Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin0 of 5 fiscal years with a profit
What does this mean? In 0 of the last 5 fiscal years the bottom line showed a profit. 5 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 223.9M | −822.2M | −367.2% | −2.15 | – | – |
| 2024 | Dec 31, 2024 | 151.3M | −44.6M | −29.5% | −0.14 | – | – |
| 2023 | Dec 31, 2023 | 126.8M | −25.8M | −20.3% | −0.10 | – | – |
| 2022 | Dec 31, 2022 | 3.0M | −39.1M | −1,285.9% | −0.16 | – | – |
| 2020 | Dec 31, 2020 | – | −107.0K | – | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 24.8M | −267.5M | −1,077.1% | −0.65 | – | – |
| Q1/26 | Mar 31, 2026 | 34.8M | −114.3M | −328.1% | −0.28 | – | – |
| Q4/25* | Dec 31, 2025 | 59.7M | −734.2M | −1,229.6% | – | – | – |
| Q3/25 | Sep 30, 2025 | 71.7M | −3.3M | −4.6% | −0.01 | – | – |
| Q2/25 | Jun 30, 2025 | 43.6M | −45.8M | −105.1% | −0.12 | – | – |
| Q1/25 | Mar 31, 2025 | 49.0M | −39.0M | −79.6% | −0.11 | – | – |
| Q4/24* | Dec 31, 2024 | 42.2M | 17.5M | 41.5% | – | – | – |
| Q3/24 | Sep 30, 2024 | 24.1M | −86.8M | −359.9% | −0.26 | – | – |
| Q2/24 | Jun 30, 2024 | 36.8M | −15.3M | −41.5% | −0.05 | – | – |
| Q1/24 | Mar 31, 2024 | 48.1M | 39.9M | 82.9% | 0.13 | – | – |
| Q4/23* | Dec 31, 2023 | 43.4M | 11.2M | 25.9% | – | – | – |
| Q3/23 | Sep 30, 2023 | 30.3M | −17.7M | −58.4% | −0.07 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $00 people | $0 |
| 6 months | $00 people | $86.4M6 people | −$86.4M |
| 12 months | $00 people | $97.1M8 people | −$97.1M |
Latest transactions
- Jul 9, 2026 Page Tyler Chief executive (CEO), Director Open-market sale · 10b5-1 plan 112,500 shares · $2.6M · SEC
- Jul 8, 2026 Page Tyler Chief executive (CEO), Director Open-market sale · 10b5-1 plan 112,500 shares · $2.4M · SEC
- Jun 18, 2026 Grossman Cary M Director Open-market sale 15,000 shares · $441.5K · SEC
- Jun 16, 2026 Newsome James E Director Open-market sale 3,758 shares · $100.0K · SEC
- Jun 4, 2026 V3 Holding Ltd 10% owner Open-market sale 222,422 shares · $5.8M · SEC
- Jun 4, 2026 V3 Holding Ltd 10% owner Open-market sale 977,578 shares · $24.8M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -70
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows+10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)37.7
Rel. strength 60 d−65.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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