Coinbase vs Cipher Mining: Revenue Comparison
Coinbase (COIN) and Cipher Mining (CIFR) are peers in Crypto. Coinbase reported revenue of $1.4B as of Q1 2026, compared with $35M for Cipher Mining. Coinbase leads on revenue.
Coinbase's gross margin is 69.7% versus -105.9% for Cipher Mining. Coinbase's net margin is -27.9% versus -328.1% for Cipher Mining.
Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: Coinbase 1.413, Cipher Mining 0.035.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, Coinbase, Cipher Mining.| Metric | Coinbase | Cipher Mining |
|---|---|---|
| Market Cap | - | - |
| Revenue | $1.41B | $35.00M |
| Cost of Revenue | $429.00M | $72.00M |
| Gross Profit | $984.00M | $-37.00M |
| Operating Income | $14.00M | $-49.00M |
| Net Income | $-394.00M | $-114.00M |
| R&D Expense | $526.00M | $0 |
| Earnings Per Share | -$1.49 | -$0.28 |
| Gross Margin | 69.7% | -105.9% |
| Operating Margin | 1.0% | -139.6% |
| Net Profit Margin | -27.9% | -328.1% |
| Free Cash Flow | $183.00M | $-285.00M |
| Cumulative Free Cash Flow | $21.86B | $-1.50B |
| Operating Cash Flow | $183.00M | $-54.00M |
| Cash & Equivalents | $10.21B | $3.73B |