CleanSpark (CLSKW) Financials
Newest figures come from the 10-K 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 CLSKW SEC filings page.
This page shows CleanSpark (CLSKW) 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 profitability is being converted into balance-sheet expansion through external financing, not operating cash generation.
In FY2025, earnings quality broke down: net income of$364M coexisted with operating cash flow of-$461M , so reported profit did not fund operating needs. With capital intensity consuming cash, capital expenditures of$145M left free cash flow at-$606M , indicating reinvestment and other cash uses exceeded internally generated funds.
The shift to a
By FY2026, debt dependence increased sharply: debt-to-equity reached 2.3x from 0.3x in FY2025. Liabilities rose to
Financial Health Signals
CleanSpark 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's EBITDA was -$121.4M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 135.6% from the same quarter a year earlier. Against the prior quarter it is up 47.2%.
CleanSpark reported -$239.8M in net income in Q4 2026. This represents a decrease of 193.2% from the same quarter a year earlier. Against the prior quarter it is up 36.6%.
Not reported for Q4 2026.
Not reported for Q4 2026.
Cash & Balance Sheet
CleanSpark recorded an outflow of $118.4M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents an increase of 22.3% from the same quarter a year earlier. Against the prior quarter it is up 31.7%.
CleanSpark held $202.6M in cash against $1.8B in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Margins & Returns
CleanSpark's ROE was -31.5% in Q4 2026, measuring profit generated per dollar of shareholder equity. 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 Q4 2026.
Not reported for Q4 2026.
Not reported for Q4 2026.
Capital Allocation
CleanSpark repurchased no shares in Q4 2026.
CleanSpark invested $6.1M in capex in Q4 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 Q4 2026.
CLSKW 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-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% | -$345.7M-150.4% | -$316.6M-250.8% | N/A | $246.2M+198.8% | -$138.0M-200.7% | $210.0M+636.5% | -$65.6M+5.1% |
| EBITDA | -$121.4M-135.6% | -$229.8M-288.7% | -$210.2M-176.1% | N/A | $341.0M+263.7% | -$59.1M-134.9% | $276.2M+373.3% | -$13.7M-26.3% |
| 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 | $18.1M+290.7% | $3.0M-73.8% | $9.2M+558.8% | -$155K-106.4% |
| Net Income | -$239.8M-193.2% | -$378.3M-172.6% | -$378.7M-253.5% | N/A | $257.4M+209.0% | -$138.8M-209.5% | $246.8M+852.5% | -$62.2M+18.7% |
| EPS (Basic) | N/A | -$0.89-198.9% | -$1.35-258.8% | -$0.01+96.3% | $0.90+187.4% | $0.90+52.5% | $0.85+507.1% | -$0.27+52.6% |
| EPS (Diluted) | N/A | -$0.89-214.1% | -$1.35-262.7% | -$0.01+96.3% | $0.78+175.7% | $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.
CLSKW 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$1.2B-825.4% | -$912.9M-142.6% | -$504.6M-112.4% | -$125.9M+73.7% | -$124.6M+70.0% | -$376.4M-110.0% | -$237.6M+21.6% | -$479.2M-43.4% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
CLSKW 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$112.3M-2.2% | -$135.8M-21.0% | -$161.1M-34.9% | -$119.4M-44.4% | -$109.9M-88.0% | -$112.3M-150.4% | -$119.5M-150.5% | -$82.7M-136.7% |
| 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 | -$118.4M+22.3% | -$173.4M-18.5% | -$198.1M-12.0% | -$130.1M-36.2% | -$152.4M-121.7% | -$146.4M-142.6% | -$176.8M-135.2% | -$95.5M-77.7% |
| Investing Cash Flow | $55.5M+144.3% | -$30.6M+48.9% | $79.6M+131.1% | $135.5M+132.5% | -$125.3M+54.0% | -$59.9M+69.8% | -$255.9M-679.9% | -$416.7M-348.5% |
| Financing Cash Flow | -$296K-100.2% | -$31.4M-325.2% | $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 | $0 | $0 | $460.0M+217.2% | $0 | $0 | $0 | $145.0M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
CLSKW 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-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 |
| 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 CLSKW | FY2026 | N/A | N/A | N/A | N/A | — |
| Fold Holdings, Inc FLDDW | FY2025 | $31.8M | -$69.6M | N/A | N/A | 33/100 |
| Netcapital Inc NCPLW | FY2025 | $869K | -$28.3M | N/A | N/A | — |
| Abits Group Inc. ABTS | FY2025 | $9.1M | -$2.9M | -31.4% | $4.8M | 36/100 |
| Gryphon Digital GRYP | FY2025 | $185.2M | -$153.2M | -82.7% | $22.9M | 36/100 |
Where CleanSpark Ranks
Frequently Asked Questions
How much debt does CleanSpark have?
As of fiscal year 2026, CleanSpark (CLSKW) had $202.6M in cash and equivalents against $1.8B in long-term debt.
What are CleanSpark's total assets?
CleanSpark (CLSKW) had $2.7B in total assets as of fiscal year 2026, including both current and long-term assets.
What is CleanSpark's current ratio?
CleanSpark (CLSKW) had a current ratio of 5.91 as of fiscal year 2026, which is generally considered healthy.
What is CleanSpark's debt-to-equity ratio?
CleanSpark (CLSKW) had a debt-to-equity ratio of 2.34 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.