Clarus Corp Financials
This page shows Clarus Corp (CLAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Clarus is now a debt-free operator, yet gross profit still trails overhead demands, keeping the business cash consumptive.
From FY2023 to FY2025, long-term debt fell from$119.8M to$0 , turning Clarus into a far less creditor-dependent business. That cleaner balance sheet did not come from a healthier operating engine: operating cash flow moved from$31.9M in FY2023 to-$4.7M in FY2025, while FY2024 showed a large investing cash inflow consistent with balance-sheet repair via asset sales rather than recurring operations.
FY2025 gross profit was
The business also carries a working-capital-heavy profile: inventory was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Clarus Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Clarus Corp has an operating margin of -23.8%, meaning the company retains $-24 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -26.6% the prior year.
Clarus Corp's revenue declined 5.2% year-over-year, from $264.3M to $250.4M. This contraction results in a growth score of 23/100.
Clarus Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.23, Clarus Corp holds $4.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 84/100.
While Clarus Corp generated -$4.7M in operating cash flow, capex of $5.2M consumed most of it, leaving -$9.9M in free cash flow. This results in a low score of 21/100, reflecting heavy capital investment rather than weak cash generation.
Clarus Corp generates a -0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -0.0% the prior year.
Clarus Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Clarus Corp generates $101.94 in operating cash flow (-$4.7M OCF vs -$47K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Clarus Corp generated $250.4M in revenue in fiscal year 2025. This represents a decrease of 5.2% from the prior year.
Clarus Corp's EBITDA was -$47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.4% from the prior year.
Clarus Corp reported -$47K in net income in fiscal year 2025. This represents an increase of 47.4% from the prior year.
Clarus Corp earned $-1.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.7% from the prior year.
Cash & Balance Sheet
Clarus Corp generated -$9.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 29.4% from the prior year.
Clarus Corp held $36.7M in cash against $0 in long-term debt as of fiscal year 2025.
Clarus Corp paid $0.10 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Clarus Corp had 38M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Clarus Corp's gross margin was 33.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
Clarus Corp's operating margin was -23.8% in fiscal year 2025, reflecting core business profitability. This is up 2.8 percentage points from the prior year.
Clarus Corp's net profit margin was -0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Clarus Corp's ROE was -0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
Clarus Corp invested $11.9M in research and development in fiscal year 2025. This represents a decrease of 2.0% from the prior year.
Clarus Corp spent $42K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 77.3% from the prior year.
Clarus Corp invested $5.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 23.4% from the prior year.
CLAR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.9M-5.3% | $65.4M-5.7% | $69.3M+25.5% | $55.2M-8.6% | $60.4M-15.4% | $71.4M+6.4% | $67.1M+18.8% | $56.5M |
| Cost of Revenue | $39.2M-17.1% | $47.3M+5.1% | $45.0M+26.5% | $35.6M-10.3% | $39.6M-16.6% | $47.5M+9.0% | $43.6M+20.9% | $36.1M |
| Gross Profit | $22.8M+25.5% | $18.1M-25.6% | $24.4M+23.8% | $19.7M-5.4% | $20.8M-12.9% | $23.9M+1.6% | $23.5M+15.1% | $20.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $26.6M+4.3% | $25.5M-2.5% | $26.2M-2.8% | $26.9M+1.1% | $26.6M-4.2% | $27.8M-0.4% | $27.9M-0.7% | $28.1M |
| Operating Income | -$6.1M+84.4% | -$39.0M-1188.6% | -$3.0M+72.2% | -$10.9M-61.2% | -$6.8M+86.5% | -$50.1M-835.2% | -$5.4M+34.2% | -$8.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $223K+103.4% | -$6.7M-196.6% | -$2.2M-170.0% | -$831K-3.6% | -$802K-103.8% | $21.1M+3284.0% | -$664K+62.6% | -$1.8M |
| Net Income | -$3.3M-121.6% | $15.2M+1043.0% | -$1.6M+80.8% | -$8.4M-60.8% | -$5.2M+60.6% | -$13.3M-322.0% | -$3.2M+42.5% | -$5.5M |
| EPS (Diluted) | $-0.09 | N/A | $-0.04+81.8% | $-0.22-57.1% | $-0.14 | N/A | $-0.08+42.9% | $-0.14 |
CLAR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $243.3M-2.3% | $249.0M-12.0% | $283.1M-1.2% | $286.5M-2.2% | $292.8M-0.4% | $294.1M-21.6% | $375.3M+1.6% | $369.4M |
| Current Assets | $166.9M-2.7% | $171.4M-2.0% | $174.8M-0.6% | $175.9M-1.4% | $178.3M+0.3% | $177.8M-7.2% | $191.6M+1.5% | $188.8M |
| Cash & Equivalents | $29.8M-18.8% | $36.7M+24.3% | $29.5M+3.6% | $28.5M-31.1% | $41.3M-8.9% | $45.4M+24.6% | $36.4M-21.3% | $46.2M |
| Inventory | $82.2M-1.0% | $83.0M-4.1% | $86.5M-5.4% | $91.5M+4.6% | $87.5M+6.3% | $82.3M-11.7% | $93.1M+1.8% | $91.5M |
| Accounts Receivable | $48.4M+7.9% | $44.8M-13.4% | $51.8M+36.3% | $38.0M-11.2% | $42.8M-2.1% | $43.7M-19.6% | $54.3M+24.3% | $43.7M |
| Goodwill | N/A | N/A | $3.8M0.0% | $3.8M0.0% | $3.8M0.0% | $3.8M-90.4% | $39.6M+2.1% | $38.8M |
| Total Liabilities | $49.6M-5.8% | $52.6M-8.1% | $57.3M-6.7% | $61.4M-3.4% | $63.5M+4.2% | $61.0M-8.8% | $66.9M+7.6% | $62.1M |
| Current Liabilities | $38.0M-6.2% | $40.5M+7.9% | $37.5M-2.9% | $38.6M-3.5% | $40.0M+11.1% | $36.0M+0.1% | $36.0M+9.5% | $32.9M |
| Long-Term Debt | N/A | $0-100.0% | $2.0M+1.6% | $1.9M+1.6% | $1.9M+1.6% | $1.9M | N/A | N/A |
| Total Equity | $193.7M-1.4% | $196.4M-13.0% | $225.8M+0.3% | $225.1M-1.8% | $229.3M-1.6% | $233.1M-24.4% | $308.5M+0.4% | $307.3M |
| Retained Earnings | -$461.5M-0.9% | -$457.3M-7.6% | -$425.0M-0.6% | -$422.5M-2.3% | -$413.1M-1.5% | -$406.9M-19.5% | -$340.4M-1.2% | -$336.3M |
CLAR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.1M-133.1% | $12.5M+317.7% | -$5.7M+39.1% | -$9.4M-354.6% | -$2.1M-112.5% | $16.6M+298.6% | -$8.3M-1100.4% | $834K |
| Capital Expenditures | $1.6M+72.5% | $903K-25.7% | $1.2M-34.8% | $1.9M+57.7% | $1.2M-46.7% | $2.2M+110.9% | $1.1M-32.8% | $1.6M |
| Free Cash Flow | -$5.7M-149.1% | $11.6M+266.6% | -$7.0M+38.4% | -$11.3M-246.9% | -$3.3M-122.7% | $14.4M+252.8% | -$9.4M-1188.5% | -$729K |
| Investing Cash Flow | -$1.5M-79.4% | -$853K-112.9% | $6.6M+465.6% | -$1.8M-53.2% | -$1.2M+80.3% | -$6.0M-487.8% | -$1.0M+29.6% | -$1.4M |
| Financing Cash Flow | -$993K+66.5% | -$3.0M-208.3% | -$960K+0.1% | -$961K+4.0% | -$1.0M-4.5% | -$958K-41.1% | -$679K+9.9% | -$754K |
| Dividends Paid | $961K+0.1% | $960K0.0% | $960K-0.1% | $961K+0.2% | $959K0.0% | $959K0.0% | $959K+0.2% | $957K |
| Share Buybacks | $32K | $0 | $0 | $0-100.0% | $42K | $0 | $0 | $0 |
CLAR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8%+9.0pp | 27.7%-7.4pp | 35.1%-0.5pp | 35.6%+1.2pp | 34.4%+1.0pp | 33.4%-1.6pp | 35.0%-1.1pp | 36.1% |
| Operating Margin | -9.8%+49.8pp | -59.6%-55.3pp | -4.4%+15.4pp | -19.7%-8.5pp | -11.2%+59.0pp | -70.2%-62.2pp | -8.0%+6.4pp | -14.4% |
| Net Margin | -5.3%-28.6pp | 23.3%+25.6pp | -2.3%+12.9pp | -15.3%-6.6pp | -8.7%+10.0pp | -18.7%-14.0pp | -4.7%+5.0pp | -9.7% |
| Return on Equity | -1.7%-9.5pp | 7.8%+8.5pp | -0.7%+3.0pp | -3.8%-1.5pp | -2.3%+3.4pp | -5.7%-4.7pp | -1.0%+0.8pp | -1.8% |
| Return on Assets | -1.4%-7.5pp | 6.1%+6.7pp | -0.6%+2.4pp | -2.9%-1.1pp | -1.8%+2.7pp | -4.5%-3.7pp | -0.8%+0.7pp | -1.5% |
| Current Ratio | 4.39+0.2 | 4.23-0.4 | 4.66+0.1 | 4.55+0.1 | 4.46-0.5 | 4.93-0.4 | 5.32-0.4 | 5.74 |
| Debt-to-Equity | 0.26+0.3 | 0.000.0 | 0.010.0 | 0.010.0 | 0.010.0 | 0.01-0.2 | 0.22+0.0 | 0.20 |
| FCF Margin | -9.2%-26.9pp | 17.7%+27.7pp | -10.0%+10.4pp | -20.4%-15.1pp | -5.4%-25.5pp | 20.1%+34.1pp | -14.0%-12.7pp | -1.3% |
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Frequently Asked Questions
What is Clarus Corp's annual revenue?
Clarus Corp (CLAR) reported $250.4M in total revenue for fiscal year 2025. This represents a -5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Clarus Corp's revenue growing?
Clarus Corp (CLAR) revenue declined by 5.2% year-over-year, from $264.3M to $250.4M in fiscal year 2025.
Is Clarus Corp profitable?
No, Clarus Corp (CLAR) reported a net income of -$47K in fiscal year 2025, with a net profit margin of -0.0%.
What is Clarus Corp's EBITDA?
Clarus Corp (CLAR) had EBITDA of -$47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Clarus Corp have?
As of fiscal year 2025, Clarus Corp (CLAR) had $36.7M in cash and equivalents against $0 in long-term debt.
What is Clarus Corp's gross margin?
Clarus Corp (CLAR) had a gross margin of 33.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Clarus Corp's operating margin?
Clarus Corp (CLAR) had an operating margin of -23.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Clarus Corp's net profit margin?
Clarus Corp (CLAR) had a net profit margin of -0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Clarus Corp pay dividends?
Yes, Clarus Corp (CLAR) paid $0.10 per share in dividends during fiscal year 2025.
What is Clarus Corp's return on equity (ROE)?
Clarus Corp (CLAR) has a return on equity of -0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Clarus Corp's free cash flow?
Clarus Corp (CLAR) generated -$9.9M in free cash flow during fiscal year 2025. This represents a 29.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Clarus Corp's operating cash flow?
Clarus Corp (CLAR) generated -$4.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Clarus Corp's total assets?
Clarus Corp (CLAR) had $249.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Clarus Corp's capital expenditures?
Clarus Corp (CLAR) invested $5.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Clarus Corp spend on research and development?
Clarus Corp (CLAR) invested $11.9M in research and development during fiscal year 2025.
What is Clarus Corp's current ratio?
Clarus Corp (CLAR) had a current ratio of 4.23 as of fiscal year 2025, which is generally considered healthy.
What is Clarus Corp's debt-to-equity ratio?
Clarus Corp (CLAR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Clarus Corp's return on assets (ROA)?
Clarus Corp (CLAR) had a return on assets of -0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Clarus Corp's cash runway?
Based on fiscal year 2025 data, Clarus Corp (CLAR) had $36.7M in cash against an annual operating cash burn of $4.7M. This gives an estimated cash runway of approximately 93 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Clarus Corp's Piotroski F-Score?
Clarus Corp (CLAR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Clarus Corp's earnings high quality?
Clarus Corp (CLAR) has an earnings quality ratio of 101.94x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Clarus Corp?
Clarus Corp (CLAR) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.