tradmap

CLSK Financials Cleanspark, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 177.8% per year over the past 5 years.

Financial health

  • Total debt ($645M) exceeds cash ($43M); net debt is $602M.
  • Total debt has grown slower than revenue (126.1% vs 177.8% per year).
  • Operating income covered interest expense 28× in the latest year.
  • Total debt is 1.0× EBITDA.
Revenue & net income
-$146M $310M $766M $0 2016 2018 2019 2019 2020 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-8124% -4019% 87% 0% 2016 2018 2019 2019 2020 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-293% -138% 17% 0% 2016 2018 2019 2019 2020 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$606M -$276M $54M $0 2016 2018 2019 2019 2020 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $322M $645M 2016 2018 2019 2019 2020 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$920M $164M $1B $0 2016 2018 2019 2019 2020 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $766M $364M 55.2% 41.6% 16.8% 11.4% -$606M $645M $43M
2024 $379M -$146M 56.3% -39.3% -8.3% -7.4% -$300M $7M $121M
2023 $168M -$138M 44.4% -77.8% -20.4% -18.1% -$79M $9M $29M
2022 $132M -$57M 68.6% -28.8% -14.2% -12.7% $54M $13M $20M
2021 $39M -$22M 86.6% -30.3% -7.1% -6.9% — — $18M
2020 $10M -$23M 21.1% -151.0% -142.1% -104.5% -$7M — $3M
2020 $8M — 0.0% 0.0% 0.0% 0.0% — $681169 $2M
2020 $5M — 0.0% 0.0% 0.0% 0.0% — $11M $5M
2019 $976824 -$2M 0.0% 0.0% -10.9% -8.0% -$894833 $11M $6M
2019 $5M -$26M 14.8% -366.5% -138.3% -111.4% -$6M — $8M
2019 — -$26M — — — — — — $8M
2018 $578635 -$47M 32.5% -1222.9% -292.8% -267.8% — — $8M
2018 — -$47M — — — — — — $412777
2017 $447963 -$13M 33.9% -2986.5% -66.4% -64.9% — — $57128
2016 $82031 -$3M 61.9% -3097.9% -7.8% -7.7% — — $436529

Valuation over time

How the market has priced CLSK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 6.4 12.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 14.5 29.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is CLSK growing its revenue and profit?

Over the past 5 years, Cleanspark, Inc.'s revenue has grown 177.8% per year. These are computed facts, not advice.

How much debt does CLSK have?

As of FY2025, Cleanspark, Inc. reported $645M of total debt against $43M of cash; operating income covered interest expense 28×.

What is CLSK's profit margin?

In FY2025, gross margin was 55.2%, operating margin 41.6%, and net margin 47.6%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.