Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of -131.13% is 1316% below its 5-year average of 10.79%, near the low end of its 5-year range (-131.13%–69.39%).
As of the fiscal period ended Tuesday, June 30, 2026. 298.96% below its 12-month average of -32.87%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
-131.13%
GROSS MARGIN AVG TTM
-32.87%
GROSS MARGIN AVG 3Y
22.22%
GROSS MARGIN AVG 5Y
10.79%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-298.96%
CURRENT VS 3Y AVG
-690.02%
CURRENT VS 5Y AVG
-1315.61%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
56.77%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
-331.00%
vs the sector median at left
Cipher Mining Inc.
Market Cap
$5.98B
Gross Margin
-131.13%
TTM Avg
-32.87%
3Y Avg
22.22%
5Y Avg
10.79%
Market Cap
$6.08B
Gross Margin
28.33%
TTM Avg
28.62%
3Y Avg
29.92%
5Y Avg
31.41%
Market Cap
$5.16B
Gross Margin
11.88%
TTM Avg
17.80%
3Y Avg
15.37%
5Y Avg
20.15%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cipher Mining Inc. (CIFR) | $5.98B | -131.13% | -32.87% | 22.22% | 10.79% |
| Camtek Ltd. (CAMT)vs › | $5.98B | 50.05% | 49.69% | 49.00% | 48.99% |
| EPAM Systems, Inc. (EPAM)vs › | $6.08B | 28.33% | 28.62% | 29.92% | 31.41% |
| Klaviyo, Inc. (KVYO)vs › | $6.18B | 73.79% | 75.53% | 74.63% | 73.87% |
| Lyft, Inc. (LYFT)vs › | $6.37B | 45.52% | 41.89% | 41.63% | 42.04% |
| Plexus Corp. (PLXS)vs › | $6.38B | 10.04% | 9.82% | 9.53% | 9.49% |
| Genpact Limited (G)vs › | $6.39B | 36.58% | 35.51% | 35.31% | 35.28% |
| Core Scientific, Inc. (CORZ)vs › | $5.16B | 11.88% | 17.80% | 15.37% | 20.15% |
| SentinelOne, Inc. (S)vs › | $6.95B | 73.29% | 73.74% | 71.14% | 67.07% |
| Applied Digital Corp. (APLD)vs › | $6.99B | 22.38% | 18.16% | 19.53% | -12.99% |
Gross Margin
-131.1%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | -131.13% |
| 2026-03-23 | -105.87% |
| 2025-12-31 | 1.22% |
| 2025-09-30 | 42.57% |
| 2025-06-30 | 28.87% |
| 2025-03-31 | 40.36% |
| 2024-12-31 | 17.25% |
| 2024-09-30 | -23.65% |
| 2024-06-30 | 16.96% |
| 2024-03-31 | 42.13% |
| 2023-12-31 | 69.39% |
| 2023-09-30 | 0.74% |
| 2023-06-30 | 8.61% |
| 2023-03-31 | 8.30% |
| 2022-12-31 | -75.04% |
| 2022-09-30 | 0.00% |
| 2022-06-30 | 0.00% |
| 2022-03-31 | 0.00% |
| 2021-12-31 | 0.00% |
| 2021-09-30 | 0.00% |
| 2021-06-30 | 0.00% |
| 2021-03-31 | 0.00% |
| 2020-12-31 | 0.00% |
| 2020-09-30 | 0.00% |
| 2020-07-31 | 0.00% |
