CLEANSPARK (CLSK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CLSK SEC filings page.
This page shows CLEANSPARK INC (CLSK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Reported profit has not translated into cash, while the latest balance sheet shows a sharp move toward debt financing.
In FY2025, net income of$364M coexisted with operating cash flow of-$461M , so reported profitability did not translate into operating cash. Free cash flow of-$606M , alongside capital expenditures of$145M , shows the cash gap extended beyond routine operations into reinvestment needs.
The FY2024-to-FY2025 profit swing was not a gross-margin story: gross margin slipped 1.1 percentage points while operating margin improved 81.0 percentage points. That pattern places the main explanation below gross profit, not in higher reported gross margin.
Debt-to-equity moved from 0.3x in FY2025 to 2.3x in FY2026, showing a materially more debt-funded balance sheet. The latest current ratio of 5.9x speaks to near-term coverage, but does not undo the broader shift in financing structure.
Financial Health Signals
CLEANSPARK INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
CLEANSPARK INC's EBITDA was -$121.4M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 135.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
CLEANSPARK INC reported a net loss of $239.8M in Q3 2026. This represents a decrease of 193.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
CLEANSPARK INC recorded an outflow of $118.4M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
CLEANSPARK INC held $202.6M in cash against $1.8B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
CLEANSPARK INC's quarterly ROE was -31.5% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 43.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.9 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
CLEANSPARK INC repurchased no shares in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
CLEANSPARK INC invested $6.1M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 85.7% from the same quarter a year earlier. Against the prior quarter it is down 83.8%.
Not reported for Q3 2026.
CLSK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $89.3M+70.0% |
| Cost of Revenue | $85.5M-5.2% | $81.7M-4.4% | $95.6M+36.0% | N/A | $90.1M+99.5% | $85.4M+149.1% | $70.3M+143.3% | $57.1M+88.0% |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $32.1M+45.3% |
| SG&A Expenses | $18.3M+10.5% | $16.1M+37.2% | $15.4M+53.6% | N/A | $16.6M+101.2% | $11.7M+72.1% | $10.1M+101.0% | $10.1M+31.4% |
| Operating Income | -$232.4M-194.4% | -$345.7Mn/m | -$316.6M-250.8% | N/A | $246.2Mn/m | -$138.0M-200.7% | $210.0M+636.5% | -$65.6Mn/m |
| EBITDA | -$121.4M-135.6% | -$229.8Mn/m | -$210.2M-176.1% | N/A | $341.0Mn/m | -$59.1M-134.9% | $276.2M+373.3% | -$13.7Mn/m |
| Interest Expense | $2.0M-40.9% | $2.1M+62.1% | $3.7M+137.1% | N/A | $3.5M+612.2% | $1.3M+140.9% | $1.6M+185.5% | $898K+49.7% |
| Income Tax | $3.0M-83.6% | $9.9M+225.0% | $31.4M+240.8% | N/A | $18.1Mn/m | $3.0M-73.8% | $9.2M+558.8% | -$155K-106.4% |
| Net Income | -$239.8M-193.2% | -$378.3Mn/m | -$378.7M-253.5% | N/A | $257.4Mn/m | -$138.8M-209.5% | $246.8M+852.5% | -$62.2Mn/m |
| EPS (Basic) | N/A | -$0.89-198.9% | -$1.35-258.8% | -$0.01n/m | $0.90n/m | $0.90+52.5% | $0.85 | -$0.27 |
| EPS (Diluted) | N/A | -$0.89-214.1% | -$1.35-262.7% | -$0.01n/m | $0.78n/m | $0.78+34.5% | $0.83 | -$0.27 |
| Diluted Shares (Avg) | N/A | 268M-17.6% | 281M-3.6% | N/A | 326M+42.4% | 326M+53.5% | 292M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
CLSK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.7B-12.9% | $2.9B+9.7% | $3.3B+19.7% | $3.2B+62.2% | $3.1B+110.2% | $2.7B+72.8% | $2.8B+222.2% | $2.0B+157.7% |
| Current Assets | $920.8M-23.9% | $1.1B+16.0% | $1.5B+20.0% | $1.3B+87.1% | $1.2B+102.1% | $947.5M+37.8% | $1.2B+574.3% | $705.4M+590.4% |
| Cash & Equivalents | $202.6M+486.3% | $260.3M+168.4% | $458.1M+65.6% | $43.0M-64.6% | $34.6M-72.6% | $97.0M-70.0% | $276.6M+470.8% | $121.2M+314.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $131.7M+2.2% | $131.7M-0.4% | $131.7M-2.7% | $131.7M+1536.9% | $128.8M+1501.5% | $132.2M+1543.9% | $135.3M+1581.6% | $8.0M0.0% |
| Total Liabilities | $1.9B+103.3% | $1.9B+151.4% | $1.9B+156.6% | $1.0B+399.7% | $954.9M+1201.4% | $766.5M+930.3% | $757.7M+1352.4% | $201.8M+134.9% |
| Current Liabilities | $155.8M-43.7% | $133.1M+21.7% | $139.5M+44.3% | $315.8M+68.1% | $276.8M+313.3% | $109.3M+98.7% | $96.7M+128.0% | $187.9M+153.7% |
| Non-Current Liabilities | $1.8B+163.3% | $1.8B+173.0% | $1.8B+173.0% | $692.7M+4871.6% | $678.1M+10510.4% | $657.2M+3292.5% | $661.0M+6661.1% | $13.9M+17.5% |
| Long-Term Debt | $1.8B+176.4% | $1.8B+178.6% | $1.8B+178.6% | $644.6M+8882.5% | $643.9M+48904.0% | $641.7M+12507.9% | $641.4M+9002.2% | $7.2M-19.5% |
| Total Equity | $761.3M-64.5% | $986.2M-47.8% | $1.4B-31.6% | $2.2B+23.5% | $2.1B+53.3% | $1.9B+29.4% | $2.0B+149.9% | $1.8B+160.6% |
| Retained Earnings | -$1.2Bn/m | -$912.9Mn/m | -$504.6Mn/m | -$125.9Mn/m | -$124.6Mn/m | -$376.4Mn/m | -$237.6Mn/m | -$479.2Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
CLSK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$112.3Mn/m | -$135.8Mn/m | -$161.1Mn/m | -$119.4Mn/m | -$109.9Mn/m | -$112.3Mn/m | -$119.5Mn/m | -$82.7Mn/m |
| Depreciation & Amortization | $111.0M+17.0% | $115.9M+46.9% | $106.3M+60.5% | $108.3M+108.9% | $94.9M+133.0% | $78.9M+145.1% | $66.2M+121.9% | $51.8M-10.9% |
| Stock-Based Compensation | N/A | N/A | $12.1M+301.6% | N/A | N/A | $2.1M | $3.0M-69.6% | N/A |
| Capital Expenditures | $6.1M-85.7% | $37.6M+10.3% | $36.9M-35.6% | $10.7M-16.7% | $42.5M+312.8% | $34.1M+120.2% | $57.4M+108.6% | $12.8M-32.0% |
| Free Cash Flow | -$118.4Mn/m | -$173.4Mn/m | -$198.1Mn/m | -$130.1Mn/m | -$152.4Mn/m | -$146.4Mn/m | -$176.8Mn/m | -$95.5Mn/m |
| Investing Cash Flow | $55.5Mn/m | -$30.6Mn/m | $79.6Mn/m | $135.5Mn/m | -$125.3Mn/m | -$59.9Mn/m | -$255.9Mn/m | -$416.7Mn/m |
| Financing Cash Flow | -$296K-100.2% | -$31.4Mn/m | $496.4M-6.5% | -$7.6M-101.5% | $172.8M+26.4% | -$7.4M-101.4% | $531.1M+432.5% | $494.5M+265.7% |
| Share Buybacks | $0n/m | $0n/m | $460.0M+217.2% | $0n/m | $0n/m | $0n/m | $145.0Mn/m | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
CLSK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 36.0%-6.1pp |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -73.5% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -69.7% |
| Return on Equity | -31.5%-43.5pp | -38.4%-31.0pp | -27.4%-39.6pp | N/A | 12.0%+28.9pp | -7.3%-16.0pp | 12.2%+9.0pp | -3.5%+7.8pp |
| Return on Assets | -8.9%-17.2pp | -13.0%-7.8pp | -11.4%-20.3pp | N/A | 8.3%+24.3pp | -5.2%-13.5pp | 8.9%+5.9pp | -3.2%+6.9pp |
| Current Ratio | 5.91+1.5x | 8.26-0.4x | 10.54-2.1x | 4.18+0.4x | 4.37-4.6x | 8.67-3.8x | 12.67+8.4x | 3.75+2.4x |
| Debt-to-Equity | 2.34+2.0x | 1.81+1.5x | 1.29+1.0x | 0.30+0.3x | 0.30+0.3x | 0.34+0.3x | 0.32+0.3x | 0.000.0x |
| Liabilities-to-Equity | 2.55+2.1x | 1.95+1.5x | 1.41+1.0x | 0.46+0.3x | 0.44+0.4x | 0.41+0.4x | 0.37+0.3x | 0.110.0x |
| Asset Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.050.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -107.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CLEANSPARK INC CLSK | FY2026 | N/A | N/A | N/A | $2.1B | — |
| Cipher Digital Inc. CIFR | FY2025 | $223.9M | -$822.2M | N/A | $3.5B | 39/100 |
| Hut 8 Corp. HUT | FY2025 | $235.1M | -$226.1M | -96.2% | $8.3B | 72/100 |
| TeraWulf Inc. WULF | FY2025 | $168.5M | -$661.4M | N/A | $6.3B | 30/100 |
| Marex Group Limited MRX | FY2025 | $2.0B | $293.9M | 14.5% | $5.0B | 42/100 |
| MARA Holdings, Inc. MARA | FY2025 | $907.1M | -$1.3B | N/A | $2.7B | 50/100 |
Where CLEANSPARK INC Ranks
Frequently Asked Questions
How much debt does CLEANSPARK INC have?
As of fiscal year 2026, CLEANSPARK INC (CLSK) had $202.6M in cash and equivalents against $1.8B in long-term debt.
What are CLEANSPARK INC's total assets?
CLEANSPARK INC (CLSK) had $2.7B in total assets as of fiscal year 2026, including both current and long-term assets.
What is CLEANSPARK INC's current ratio?
CLEANSPARK INC (CLSK) had a current ratio of 5.91 as of fiscal year 2026, which is generally considered healthy.
What is CLEANSPARK INC's debt-to-equity ratio?
CLEANSPARK INC (CLSK) had a debt-to-equity ratio of 2.34 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is CLEANSPARK INC's liabilities-to-equity ratio?
CLEANSPARK INC (CLSK) had a liabilities-to-equity ratio of 2.55 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is CLEANSPARK INC's P/E ratio?
CLEANSPARK INC (CLSK) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $2.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CLEANSPARK INC's price-to-sales ratio?
CLEANSPARK INC (CLSK) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $2.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.