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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$766M
$364M
55.2%
41.6%
-$606M
$645M
$43M
2024
$379M
-$146M
56.3%
-39.3%
-$300M
$7M
$121M
2023
$168M
-$138M
44.4%
-77.8%
-$79M
$9M
$29M
2022
$132M
-$57M
68.6%
-28.8%
$54M
$13M
$20M
2021
$39M
-$22M
86.6%
-30.3%
—
—
$18M
2020
$10M
-$23M
21.1%
-151.0%
-$7M
—
$3M
2020
$8M
—
0.0%
0.0%
—
$681169
$2M
2020
$5M
—
0.0%
0.0%
—
$11M
$5M
2019
$976824
-$2M
0.0%
0.0%
-$894833
$11M
$6M
2019
$5M
-$26M
14.8%
-366.5%
-$6M
—
$8M
2019
—
-$26M
—
—
—
—
$8M
2018
$578635
-$47M
32.5%
-1222.9%
—
—
$8M
2018
—
-$47M
—
—
—
—
$412777
2017
$447963
-$13M
33.9%
-2986.5%
—
—
$57128
2016
$82031
-$3M
61.9%
-3097.9%
—
—
$436529
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
—
-$378M
—
—
—
$1.8B
$260M
Dec '25
—
-$379M
—
—
-$198M
$1.8B
$458M
Sep '25
—
-$925000
—
—
—
$645M
$43M
Jun '25
—
$257M
—
—
—
$644M
$35M
Mar '25
—
-$139M
—
—
—
$642M
$97M
Dec '24
—
$247M
—
—
-$177M
$641M
$277M
Sep '24
$89M
-$62M
36.0%
-73.5%
-$95M
$7M
$121M
Jun '24
$104M
-$236M
56.6%
-239.2%
-$69M
$1M
$126M
Mar '24
$112M
$127M
69.3%
122.6%
-$60M
$5M
—
Dec '23
$74M
$26M
60.8%
38.6%
-$75M
$7M
$48M
Sep '23
$53M
-$76M
42.1%
-131.5%
-$54M
$9M
$29M
Jun '23
$46M
-$14M
54.6%
-34.2%
-$15M
$11M
$22M
Mar '23
$43M
-$18M
48.1%
-41.1%
-$10M
$10M
$10M
Dec '22
$28M
-$29M
26.6%
-103.8%
$162000
$12M
$2M
Sep '22
$26M
-$42M
36.5%
-155.3%
$32M
$13M
$20M
Jun '22
$31M
-$29M
66.8%
-49.4%
$2M
—
$3M
Mar '22
$37M
-$171000
76.7%
7.5%
-$20M
—
$2M
Dec '21
$41M
$14M
78.7%
10.8%
-$42M
—
$5M
Sep '21
$22M
-$5M
85.9%
17.1%
—
—
$18M
Jun '21
$9M
-$17M
87.3%
-132.3%
-$61M
—
$22M
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.
The price-to-earnings ratio has risen from 10.2× (Sep '25) to 11.2× (Jun '26).
The price-to-sales ratio has fallen from 5.4× (Mar '23) to 5.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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%.
What is CLSK's P/E ratio?
As of Jun '26, Cleanspark, Inc. traded at a price-to-earnings ratio of about 11.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.