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CLSKCleanSpark

Crypto · Financial Services · Nasdaq
CLSK quote by TradingView
Compare with peers → Embed
FY2025 at a glance

Sales up 102.2%, free cash flow down to -$605.7M

XBRL, from each 10-K
RevenueStatements ↓
$766.3M
from $379.0M in FY2024
FY2018FY2025
Net incomeStatements ↓
$364.5M
from -$145.8M in FY2024
FY2018FY2025
Free cash flowStatements ↓
-$605.7M
from -$299.8M in FY2024
FY2018FY2025
Operating marginStatements ↓
41.6%
from -39.3% in FY2024
FY2018FY2025
Total debtStatements ↓
$644.6M
from $7.2M in FY2024
FY2018FY2025
Price and key numbers

The latest figures

All key numbers (37, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)-1.30Sales (ttm)679.2MNet income (ttm)-997.8MSales growth+102%EPS growth-Sales Q/Q-30.5%
Free cash flow-620.0MGross margin55.2%Oper. margin-131.6%Net margin-146.9%FCF margin-91.3%ROE-131.1%
ROA-36.9%R&D / sales-Dividend-Debt/Eq2.34Curr. ratio5.91Cash202.6M
Op. cash flow (ttm)-528.7MEBITDA667.3MEBITDA margin87.1%Net debt1.6BQuick ratio5.91Interest cover28.14
ROIC11.2%Tax rate10.7%Stock pay / sales5.9%Shares out.256.8MShares Y/Y-2.3%Book / share2.96
Cash / share0.79Sales / share2.64Asset turnover0.25Inventory turns424.11Days sales out.0Sales 3Y CAGR+79.9%
Sales 5Y CAGR+138%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Debt rose from $7.2M to $644.6M$7.2M → $644.6M · Short-term + long-term debt at year end
  • Revenue growth slowed to +102.2%+125.0% → +102.2% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
  • Operating margin widened to 41.6%-39.3% → 41.6% · Operating income / revenue · 10-K ↗
  • Net income turned to a profit−$145.8M → $364.5M · Net income attributable to the company · 10-K ↗
What management wrote about it → · Every company →

CLSK against Crypto peers

Ten years, side by side → · All 32 →
GrowthProfitBalanceCleanInsiders
CLSKPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.

Sales growth
+102%5th of 27 · median +38.2%
Net margin
-146.9%9th of 19 · median -169.8%
Return on equity
-131.1%23rd of 26 · median -57.4%
Free cash flow margin
-91.3%11th of 21 · median -91.3%
Debt / equity (less is better)
2.349th of 12 · median 0.68
CLSK and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
CLSK CleanSpark$679.2M +102%55.2%-146.9%-131.1%-91.3%2.34
MARA MARA Holdings$716.0M +38.2%--411.2%-125.1%-170.1%1.28
FIGR Figure Technology Solutions$708.9M +48.7%-33.5%16.8%-0.68
RIOT Riot Platforms$675.7M +71.9%--210.8%-66.7%-133.3%0.31
CORZ Core Scientific$592.1M -37.5%41.2%-18.3%--223.0%-
MSTR Strategy$495.1M +3.0%67.8%--24.6%-2.2%0.12
Where each dollar goes

From $766.3M of sales to $364.5M of profit

FY2025, from the 10-K income statement
Revenue to Gross profit: $423.2MRevenue to Cost of revenue: $343.1MGross profit to Operating profit: $318.9MGross profit to Operating expenses: $104.3MOperating profit to Net profit: $279.8MOperating profit to Tax: $39.1MOther income to Net profit: $84.6M Revenue: $766.3M Revenue$766.3M +102% Y/Y Gross profit: $423.2M · 55% margin Gross profit$423.2M55% margin Cost of revenue: $343.1M · 45% of revenue Cost of revenue$343.1M45% of revenue Operating profit: $318.9M · 42% margin Operating profit$318.9M42% margin Other income: $84.6M · 11% of revenue Other income$84.6M11% of revenue Operating expenses: $104.3M · 14% of revenue Operating expenses$104.3M14% of revenue Net profit: $364.5M · 48% margin Net profit$364.5M48% margin Tax: $39.1M · 5% of revenue Tax$39.1M5% of revenue

Swipe sideways for the whole flow →

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. The full income statement →

Profitability

1 of 3
  • ✓
    Net margin above the peer median-146.9% vs -169.8%
  • !
    Return on equity below 15%-131.1%
  • !
    A profit in 1 of 8 years
Net margin, FY2018 to FY2025: -8123.6% → 47.6%

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2018 to FY2025

Revenue 766.3M Net income 364.5M
FY2018 revenue 579K · Revenues, 0001663577-19-000420 FY2018 net income -47.0M · NetIncomeLoss, 0001663577-19-000420 579K FY2018 FY2019 revenue 4.5M · Revenues, 0001663577-20-000499 FY2019 net income -26.1M · NetIncomeLoss, 0001663577-20-000499 4.5M FY2019 FY2020 revenue 10.0M · Revenues, 0001663577-21-000668 FY2020 net income -23.3M · NetIncomeLoss, 0001663577-21-000668 10.0M FY2020 FY2019 revenue 39.3M · Revenues, 0000950170-22-026564 FY2019 net income -21.8M · NetIncomeLoss, 0000950170-22-026564 39.3M FY2019 FY2022 revenue 131.5M · Revenues, 0000950170-24-132565 FY2022 net income -57.3M · NetIncomeLoss, 0000950170-24-132565 131.5M FY2022 FY2023 revenue 168.4M · Revenues, 0001193125-25-297510 FY2023 net income -138.1M · NetIncomeLoss, 0001193125-25-297510 168.4M FY2023 FY2024 revenue 379.0M · Revenues, 0001193125-25-297510 FY2024 net income -145.8M · NetIncomeLoss, 0001193125-25-297510 379.0M FY2024 FY2025 revenue 766.3M · Revenues, 0001193125-25-297510 FY2025 net income 364.5M · NetIncomeLoss, 0001193125-25-297510 766.3M FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

CLSK's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue766.3M
FY2018: -FY2018: 579KFY2019: -FY2019: 4.5MFY2020: 10.0MFY2019: 39.3MFY2022: 131.5MFY2023: 168.4MFY2024: 379.0MFY2025: 766.3M FY2018FY2019FY2019FY2023FY2025
Net income364.5M
FY2018: -47.0MFY2018: -47.0MFY2019: -26.1MFY2019: -26.1MFY2020: -23.3MFY2019: -21.8MFY2022: -57.3MFY2023: -138.1MFY2024: -145.8MFY2025: 364.5M FY2018FY2019FY2019FY2023FY2025
Free cash flow-605.7M
FY2018: -1.3MFY2018: -1.3MFY2019: -5.8MFY2019: -5.8MFY2020: -6.7MFY2019: -163.2MFY2022: 54.2MFY2023: -78.7MFY2024: -299.8MFY2025: -605.7M FY2018FY2019FY2019FY2023FY2025
EPS (diluted)-1.30
FY2018: -FY2018: -13.62FY2019: -FY2019: -6.25FY2020: -2.44FY2019: -0.75FY2022: -FY2023: -1.30FY2024: -FY2025: - FY2018FY2019FY2019FY2023FY2025
Diluted shares317.8M
FY2018: -FY2018: -FY2019: -FY2019: -FY2020: -FY2019: 29.4MFY2022: 42.6MFY2023: 102.7MFY2024: 216.9MFY2025: 317.8M FY2018FY2019FY2019FY2023FY2025

Income statement

From EDGAR
FY2018FY2018FY2019FY2019FY2020FY2019FY2022FY2023FY2024FY2025
Revenue-579K-4.5M10.0M39.3M131.5M168.4M379.0M766.3M
Cost of revenue-391K-3.9M7.9M5.3M41.2M93.6M165.5M343.1M
Gross profit-188K-672K2.1M-----
R&D-7K--------
SG&A-280K-917K1.1M5.7M10.4M20.8M30.2M52.6M
Operating income--7.1M--16.6M-15.1M-11.9M-37.9M-131.0M-149.0M318.9M
Interest expense107K924K55K9.5M10.8M146K1.1M3.0M2.5M11.3M
Pretax income------8.2M-40.1M-133.7M-145.8M364.5M
Income tax-----002.4M3.3M39.1M
Net income-47.0M-47.0M-26.1M-26.1M-23.3M-21.8M-57.3M-138.1M-145.8M364.5M
EPS (diluted)--13.62--6.25-2.44-0.75--1.30--
Diluted shares-----29.4M42.6M102.7M216.9M317.8M
Depreciation & amortization855K855K1.9M1.9M2.8M9.3M49.0M120.7M154.6M348.3M
EBITDA--6.2M--14.7M-12.3M-2.6M11.2M-10.3M5.6M667.3M
Gross margin-32.5%-14.8%21.1%-----
Operating margin--1222.9%--366.5%-151.0%-30.3%-28.8%-77.8%-39.3%41.6%
Net margin--8123.6%--576.2%-232.8%-55.5%-43.6%-82.0%-38.5%47.6%
Revenue growth---+683%+121%+292%+235%+28.0%+125%+102%

Balance sheet

From EDGAR
FY2018FY2018FY2019FY2019FY2020FY2019FY2022FY2023FY2024FY2025
Cash413K413K7.8M7.8M3.1M18.0M20.5M29.2M121.2M43.0M
Receivables34K34K778K778K860K307K27K5K--
Inventory------216K809K--
Current assets548K548K9.9M9.9M8.3M57.7M50.8M102.2M705.4M1.3B
Property & equipment87K87K145K145K118K137.6M376.8M564.4M869.7M1.4B
Goodwill4.9M4.9M4.9M4.9M5.9M12.0M08.0M8.0M131.7M
Total assets17.6M17.6M23.4M23.4M22.3M317.5M452.6M761.6M2.0B3.2B
Accounts payable-------39.9M83.0M15.2M
Current liabilities1.3M1.3M1.5M1.5M5.4M10.1M34.0M74.1M187.9M315.8M
Total debt300K300K300K300K1.1M-13.4M8.9M7.2M644.6M
Total liabilities1.5M1.5M4.5M4.5M5.9M11.8M48.6M85.9M201.8M1.0B
Shareholders' equity16.1M16.1M18.9M18.9M16.4M305.7M404.0M675.7M1.8B2.2B
Retained earnings-66.9M-66.9M-93.1M-93.1M-116.4M-138.4M-196.1M-334.2M-479.2M-125.9M

Cash flow

From EDGAR
FY2018FY2018FY2019FY2019FY2020FY2019FY2022FY2023FY2024FY2025
Operating cash flow-1.3M-1.3M-5.7M-5.7M-6.6M-24.0M73.5M-17.2M-233.7M-461.0M
Capital spending15K15K103K103K35K139.2M19.3M61.5M66.1M144.7M
Free cash flow-1.3M-1.3M-5.8M-5.8M-6.7M-163.2M54.2M-78.7M-299.8M-605.7M
Stock-based pay (added back)1.5M1.5M2.0M2.0M2.1M8.5M31.5M24.1M29.6M45.3M
Buybacks-------00145.0M
Acquisitions-----019.8M00-
Debt repaid---625K217K5.9M----
Investing cash flow-419K-419K-674K-674K-2.4M-229.2M-211.0M-331.9M-920.4M-305.7M
Financing cash flow2.0M2.0M13.8M13.8M4.3M268.1M139.9M357.9M1.2B688.9M

Stock-based pay and leases

From EDGAR
FY2018FY2018FY2019FY2019FY2020FY2019FY2022FY2023FY2024FY2025
Stock-based pay (expense)1.5M1.5M2.0M2.0M2.1M8.5M31.5M24.1M29.6M45.3M
Stock-based pay / revenue-259.6%-44.0%20.5%21.8%23.9%14.3%7.8%5.9%
Operating lease cost---76K117K11K113K267K293K1.5M
Operating lease cash paid----44K13K131K274K316K1.4M
Finance lease principal paid-----181K519K301K151K50K
Right-of-use assets---85K41K664K551K688K3.3M4.3M
Operating lease liabilities---85K41K335K421K700K709K-
Finance lease liabilities---85K------

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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