NASDAQ : CLSK
CleanSpark, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 7.67 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.97B
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Financial statements
CleanSpark, Inc. (CLSK) reported revenue of 679.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 679.25M | 766.31M | 378.97M | 168.41M | 131.53M | 39.29M |
| Cost of Revenue | 360.05M | 343.10M | 165.52M | 93.58M | 41.23M | 5.26M |
| Gross Profit | 319.19M | 423.21M | 213.45M | 74.83M | 90.29M | 34.02M |
| Selling, General & Admin | 218.56M | 170.79M | 118.09M | 73.61M | 57.81M | 33.44M |
| Other Operating Expenses | 946.38M | 5.81M | 9.64M | 3.50M | ||
| Operating Expenses | 1.61B | 519.12M | 272.69M | 200.14M | 116.50M | 45.92M |
| Operating Income | -1.29B | -95.91M | -59.24M | -125.31M | -26.21M | -11.90M |
| Interest Expense | -12.85M | -11.34M | -2.46M | -2.98M | -1.08M | -145.73K |
| Interest & Investment Income | 7.68M | 4.12M | 8.55M | 481.00K | 190.00K | 221.49K |
| Other Non Operating Income (Expenses) | 267.20M | 507.91M | 114.90M | 11.00K | 308.00K | 13.61K |
| EBT Excluding Unusual Items | -1.03B | 404.79M | 61.76M | -127.80M | -26.79M | -11.81M |
| Impairment of Goodwill | -12.05M | |||||
| Gain (Loss) on Sale of Investments | 12.63M | -1.55M | -965.00K | -259.00K | -2.20M | 2.96M |
| Gain (Loss) on Sale of Assets | -9.22M | 336.00K | -5.47M | -1.93M | 643.00K | |
| Asset Writedown | -5.41M | -197.76M | ||||
| Legal Settlements | -3.80M | |||||
| Other Unusual Items | 2.48M | 306.00K | 615.37K | |||
| Pretax Income | -1.03B | 403.57M | -142.43M | -131.30M | -40.09M | -8.23M |
| Income Tax Expense | -29.45M | 39.11M | 3.34M | 2.42M | ||
| Earnings From Continuing Operations | -997.82M | 364.46M | -145.78M | -133.72M | -40.09M | -8.23M |
| Earnings From Discontinued Operations | -4.43M | -17.24M | -13.58M | |||
| Net Income | -997.82M | 364.46M | -145.78M | -138.15M | -57.33M | -21.81M |
| Preferred Dividends & Other Adjustments | 30.40M | 11.14M | 3.42M | 336.00K | 177.50K | |
| Net Income to Common | -1.03B | 353.32M | -149.20M | -138.15M | -57.66M | -21.99M |
| Shares Outstanding (Basic) | 275.04M | 282.18M | 216.86M | 102.71M | 42.61M | 29.44M |
| Shares Outstanding (Diluted) | 275.04M | 317.76M | 216.86M | 102.71M | 42.61M | 29.44M |
| EPS (Basic) | -3.74 | 1.25 | -0.69 | -1.35 | -1.35 | -0.75 |
| EPS (Diluted) | -3.74 | 1.12 | -0.69 | -1.35 | -1.35 | -0.75 |
| Free Cash Flow | -688.30M | -1.02B | -1.04B | -318.12M | -117.01M | -163.22M |
| Free Cash Flow Per Share | -2.50 | -3.22 | -4.80 | -3.10 | -2.75 | -5.54 |
| Gross Margin | 46.99% | 55.23% | 56.33% | 44.43% | 68.65% | 86.60% |
| Operating Margin | -189.52% | -12.52% | -15.63% | -74.41% | -19.93% | -30.29% |
| Profit Margin | -151.38% | 46.11% | -39.37% | -82.03% | -43.84% | -55.97% |
| Free Cash Flow Margin | -101.33% | -133.61% | -274.44% | -188.90% | -88.96% | -415.46% |
| EBITDA | -845.75M | 252.42M | 95.37M | -4.58M | 22.84M | -2.56M |
| EBITDA Margin | -124.51% | 32.94% | 25.16% | -2.72% | 17.36% | -6.52% |
| D&A For EBITDA | 441.55M | 348.33M | 154.61M | 120.73M | 49.05M | 9.34M |
| EBIT | -1.29B | -95.91M | -59.24M | -125.31M | -26.21M | -11.90M |
| EBIT Margin | -189.52% | -12.52% | -15.63% | -74.41% | -19.93% | -30.29% |
| Effective Tax Rate | 9.69% | |||||
| Revenue as Reported | 766.31M | 766.31M | 378.97M | 168.41M | 131.53M | 39.29M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 202.60M | 42.97M | 121.22M | 29.21M | 20.46M | 14.57M |
| Short-Term Investments | 918.00K | 726.00K | 610.00K | 755.38K | ||
| Cash & Short-Term Investments | 202.63M | 42.97M | 122.14M | 29.94M | 21.07M | 15.33M |
| Accounts Receivable | 27.00K | 307.07K | ||||
| Other Receivables | 5.85M | 1.29M | 9.59M | 399.86K | ||
| Receivables | 5.85M | 62.20M | 9.59M | 27.00K | 706.93K | |
| Inventory | 216.00K | 79.81K | ||||
| Prepaid Expenses | 15.05M | 11.88M | 6.71M | 3.26M | 7.93M | 1.74M |
| Restricted Cash | 3.74M | 3.49M | 3.06M | 3.47M | ||
| Other Current Assets | 693.56M | 1.26B | 511.32M | 59.38M | 21.53M | 36.41M |
| Total Current Assets | 920.83M | 1.32B | 705.43M | 102.17M | 50.78M | 57.73M |
| Property, Plant & Equipment | 1.34B | 1.37B | 872.96M | 565.08M | 377.33M | 138.29M |
| Goodwill | 131.66M | 131.66M | 8.04M | 8.04M | 12.05M | |
| Other Intangible Assets | 3.67M | 5.85M | 3.04M | 4.60M | 6.49M | 8.22M |
| Other Long-Term Assets | 306.44M | 358.15M | 373.19M | 81.68M | 18.03M | 101.19M |
| Total Assets | 2.70B | 3.18B | 1.96B | 761.58M | 452.62M | 317.47M |
| Accounts Payable | 11.23M | 15.16M | 82.99M | 39.90M | 24.66M | 6.98M |
| Accrued Expenses | 50.87M | 53.06M | 41.08M | 25.68M | ||
| Current Portion of Long-Term Debt | 2.35M | 176.66M | 58.88M | 6.99M | 7.79M | |
| Current Portion of Leases | 1.32M | 373.00K | 517.93K | |||
| Other Current Liabilities | 91.30M | 69.56M | 4.94M | 1.49M | 1.22M | 2.56M |
| Total Current Liabilities | 155.75M | 315.76M | 187.89M | 74.06M | 34.04M | 10.06M |
| Long-Term Debt | 1.78B | 644.59M | 7.18M | 8.91M | 13.43M | |
| Long-Term Leases | 4.56M | 3.17M | 528.00K | 627.00K | 1.02M | |
| Long-Term Deferred Tax Liabilities | 597.00K | 44.87M | 5.76M | 2.42M | ||
| Other Long-Term Liabilities | 115.00K | 997.00K | 512.00K | 674.78K | ||
| Total Liabilities | 1.94B | 1.01B | 201.82M | 85.91M | 48.61M | 11.76M |
| Common Stock | 299.00K | 296.00K | 271.00K | 160.00K | 56.00K | 37.39K |
| Additional Paid-In Capital | 2.52B | 2.45B | 2.24B | 1.01B | 599.90M | 444.07M |
| Retained Earnings | -1.15B | -125.89M | -479.22M | -334.20M | -196.05M | -138.39M |
| Treasury Stock | -608.16M | -145.00M | ||||
| Comprehensive Income & Other | 418.00K | 226.00K | 110.00K | -5.39K | ||
| Total Common Equity | 761.28M | 2.18B | 1.76B | 675.67M | 404.01M | 305.71M |
| Shareholders' Equity | 761.28M | 2.18B | 1.76B | 675.67M | 404.01M | 305.72M |
| Total Liabilities & Equity | 2.70B | 3.18B | 1.96B | 761.58M | 452.62M | 317.47M |
| Total Debt | 1.79B | 825.74M | 66.06M | 16.43M | 22.22M | 1.54M |
| Net Cash (Debt) | -1.58B | -782.77M | 56.08M | 13.51M | -1.15M | 13.79M |
| Net Cash Per Share | -5.76 | -2.46 | 0.26 | 0.13 | -0.03 | 0.47 |
| Filing Date Shares Outstanding | 256.82M | 255.58M | 292.56M | 184.75M | 71.71M | 41.45M |
| Total Common Shares Outstanding | 256.80M | 284.33M | 270.90M | 160.18M | 55.66M | 37.40M |
| Working Capital | 765.08M | 1.00B | 517.54M | 28.12M | 16.73M | 47.66M |
| Book Value Per Share | 2.96 | 7.65 | 6.50 | 4.22 | 7.26 | 8.18 |
| Tangible Book Value | 625.95M | 2.04B | 1.75B | 663.02M | 397.52M | 285.44M |
| Tangible Book Value Per Share | 2.44 | 7.17 | 6.46 | 4.14 | 7.14 | 7.63 |
| Land | 152.20M | 39.30M | 32.19M | 4.14M | 2.98M | 2.88M |
| Buildings | 101.74M | 96.40M | 76.72M | 52.20M | 32.33M | 8.17M |
| Machinery | 1.46B | 1.47B | 1.07B | 548.87M | 375.69M | 123.49M |
| Construction In Progress | 81.77M | 12.79M | 19.45M | 81.88M | 4.82M | 10.50M |
| Leasehold Improvements | 3.52M | 2.94M | 2.00M | 672.00K | 114.00K | 59.11K |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -997.82M | 364.46M | -145.78M | -138.15M | -57.33M | -21.81M |
| Depreciation & Amortization | 441.55M | 348.33M | 154.61M | 120.73M | 49.05M | 9.34M |
| Other Amortization | 46.00K | |||||
| Loss (Gain) From Sale of Assets | 9.22M | -336.00K | 5.47M | 1.93M | -643.00K | |
| Asset Writedown & Restructuring Costs | 5.41M | 197.76M | 12.30M | 1.53M | ||
| Loss (Gain) From Sale of Investments | 1.00K | -173.89K | ||||
| Stock-Based Compensation | 73.46M | 45.34M | 29.55M | 24.14M | 31.47M | 8.55M |
| Provision & Write-off of Bad Debts | 810.00K | 246.45K | ||||
| Other Operating Activities | -50.11M | -1.24B | -487.95M | -40.04M | 31.41M | 15.08M |
| Change in Accounts Receivable | -429.68K | |||||
| Change in Inventory | 107.06K | |||||
| Change in Accounts Payable | 17.40M | 32.79M | 19.72M | 13.24M | 16.04M | 4.25M |
| Change in Unearned Revenue | -69.36K | |||||
| Change in Other Net Operating Assets | -27.82M | -13.29M | -6.54M | -428.00K | -3.33M | -28.77M |
| Operating Cash Flow | -528.71M | -461.03M | -233.66M | -17.25M | 73.46M | -23.99M |
| Capital Expenditures | -159.60M | -562.87M | -806.40M | -300.88M | -190.47M | -139.23M |
| Sale of Property, Plant & Equipment | 2.57M | 41.66M | 1.44M | 34.00K | 3.50M | |
| Cash Acquisitions | -86.78M | -13.60M | -96.61M | -31.91M | -23.80M | 45.78K |
| Sale (Purchase) of Intangibles | -225.00K | |||||
| Sale (Purchase) of Real Estate | -1.04M | -1.43M | ||||
| Investment in Securities | -44.09M | 10.00K | 373.12K | |||
| Other Investing Activities | 527.86M | 229.15M | -17.79M | 2.25M | -90.34M | |
| Investing Cash Flow | 239.96M | -305.66M | -920.40M | -331.93M | -210.98M | -229.16M |
| Long-Term Debt Issued | 889.20M | 50.00M | 2.09M | 19.62M | ||
| Total Debt Issued | 1.29B | 889.20M | 50.00M | 2.09M | 19.62M | |
| Long-Term Debt Repaid | -136.00M | -7.36M | -14.77M | -3.21M | -6.17M | |
| Total Debt Repaid | -329.94M | -136.00M | -7.36M | -14.77M | -3.21M | -6.17M |
| Net Debt Issued (Repaid) | 956.14M | 753.19M | 42.64M | -12.68M | 16.41M | -6.17M |
| Issuance of Common Stock | 1.86M | 187.73M | 1.23B | 376.20M | 123.85M | 274.41M |
| Repurchase of Common Stock | -462.44M | -148.95M | -22.68M | -5.57M | ||
| Preferred Dividends Paid | -36.00M | -10.74M | -3.42M | -21.00K | -315.00K | -177.50K |
| Dividends Paid | -36.00M | -10.74M | -3.42M | -21.00K | -315.00K | -177.50K |
| Other Financing Activities | -2.50M | -92.36M | ||||
| Financing Cash Flow | 457.07M | 688.87M | 1.25B | 357.93M | 139.95M | 268.06M |
| Net Cash Flow | 168.32M | -77.82M | 95.06M | 8.75M | 2.42M | 14.91M |
| Free Cash Flow | -688.30M | -1.02B | -1.04B | -318.12M | -117.01M | -163.22M |
| Free Cash Flow Margin | -101.33% | -133.61% | -274.44% | -188.90% | -88.96% | -415.46% |
| Free Cash Flow Per Share | -2.50 | -3.22 | -4.80 | -3.10 | -2.75 | -5.54 |
| Levered Free Cash Flow | 48.90M | -921.25M | -1.11B | -237.53M | -98.16M | -162.91M |
| Unlevered Free Cash Flow | 56.93M | -914.16M | -1.11B | -235.67M | -97.53M | -162.82M |
| Cash Interest Paid | 7.39M | 8.88M | 2.13M | 2.91M | 1.03M | 156.20K |
| Change in Working Capital | -10.42M | 19.50M | 13.19M | 12.82M | 12.71M | -24.92M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.84B | 4.08B | 2.36B | 581.57M | 149.76M | 423.00M |
| Enterprise Value | 3.42B | 4.86B | 2.25B | 577.84M | 166.45M | 401.25M |
| Last Close Price | 7.67 | 14.50 | 9.34 | 3.81 | 3.18 | 11.59 |
| PE Ratio | 11.54 | |||||
| Forward PE | 13.12 | 13.31 | 37.74 | 37.74 | 4.91 | |
| PS Ratio | 2.71 | 5.32 | 6.24 | 3.45 | 1.14 | 10.77 |
| PB Ratio | 2.59 | 1.87 | 1.34 | 0.86 | 0.37 | 1.38 |
| P/TBV Ratio | 2.94 | 2.00 | 1.35 | 0.88 | 0.38 | 1.48 |
| P/OCF Ratio | 2.04 | |||||
| EV/Sales Ratio | 5.04 | 6.34 | 5.93 | 3.43 | 1.27 | 10.21 |
| EV/EBITDA Ratio | 19.24 | 23.59 | 7.29 | |||
| Debt / Equity Ratio | 2.35 | 0.38 | 0.04 | 0.02 | 0.06 | 0.01 |
| Debt / EBITDA Ratio | 3.25 | 0.69 | 0.97 | |||
| Net Debt / Equity Ratio | 2.08 | 0.36 | -0.03 | -0.02 | 0.00 | -0.04 |
| Net Debt / EBITDA Ratio | -1.87 | 3.10 | -0.59 | 2.95 | 0.05 | 5.38 |
| Net Debt / FCF Ratio | -2.30 | -0.76 | 0.05 | 0.04 | -0.01 | 0.08 |
| Asset Turnover | 0.23 | 0.30 | 0.28 | 0.28 | 0.34 | 0.23 |
| Inventory Turnover | 278.79 | 32.16 | ||||
| Quick Ratio | 1.34 | 0.14 | 0.66 | 0.53 | 0.62 | 1.59 |
| Current Ratio | 5.91 | 4.18 | 3.75 | 1.38 | 1.49 | 5.74 |
| Return on Equity (ROE) | -68.62% | 18.52% | -11.97% | -24.77% | -11.30% | -5.11% |
| Return on Assets (ROA) | -27.72% | -2.33% | -2.72% | -12.90% | -4.25% | -4.38% |
| Return on Invested Capital (ROIC) | -52.92% | -3.72% | -5.01% | -23.48% | -7.52% | -7.81% |
| Return on Capital Employed (ROCE) | -50.60% | -3.30% | -3.30% | -18.20% | -6.30% | -3.90% |
| Earnings Yield | -52.29% | 8.94% | -6.17% | -23.75% | -38.28% | -5.16% |
| FCF Yield | -37.38% | -25.12% | -43.99% | -54.70% | -78.13% | -38.59% |
| Payout Ratio | 2.95% | |||||
| Buyback Yield / Dilution | 7.82% | -46.53% | -111.14% | -141.02% | -44.74% | -208.27% |