CleanSpark, Inc. (CLSK) Stock Analysis
Financial Services · Capital Markets · NasdaqCM
CleanSpark, Inc. (CLSK) posted $766.31M in revenue for fiscal 2025 (up 102.2% year over year), at a 46.1% net margin, and has compounded revenue about 138.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on CleanSpark, Inc.
CleanSpark, Inc. has grown revenue from $82,031 to $766.31M over the last 10 fiscal years, compounding about 138% a year. The most recent year was up 102.2%, so growth has cooled from its longer-run pace.
Net margin sits at 46.1%, up 85.5 points year over year on a 55.2% gross margin. It carries about $644.59M of total debt.
The one thing worth a second look in the filings is debt with negative operating cash flow.
Synthesised from CleanSpark, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
CleanSpark, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82,031 | $447,963 | $578,635 | $4.53M | $10.03M | $39.29M | $131.52M | $168.41M | $378.97M | $766.31M |
| Gross profit | $50,767 | $151,668 | $187,861 | $671,696 | $2.12M | $34.02M | $90.29M | $74.83M | $213.45M | $423.21M |
| Net income | $-2.54M | $-13.50M | $-47.01M | $-26.12M | $-23.35M | $-21.81M | $-57.66M | $-136.59M | $-149.20M | $353.32M |
| Net margin | -3097.1% | -3013.3% | -8123.6% | -576.2% | -232.8% | -55.5% | -43.8% | -81.1% | -39.4% | 46.1% |
Source: CleanSpark, Inc. SEC filings (10-K). 16 years of history available in the interactive view.
CleanSpark, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Debt with negative operating cash flowCarries $644.6M of debt while last year's operating cash flow was negative ($-461M).
Explore 16 years of CleanSpark, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CleanSpark, Inc. financial history by metric
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About CleanSpark, Inc.
CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
CleanSpark, Inc. — frequently asked questions
What is CleanSpark, Inc.'s revenue?
CleanSpark, Inc. (CLSK) reported revenue of $766.31M for fiscal year 2025, up 102.2% from the prior year, according to its SEC filings.
Is CleanSpark, Inc. profitable?
Yes. CLSK earned net income of $353.32M in fiscal 2025, a net margin of 46.1%.
What is CLSK's P/E ratio?
CleanSpark, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is CleanSpark, Inc. growing?
CLSK's revenue grew at roughly 138.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CleanSpark, Inc. have?
As of fiscal year 2025, CLSK carried roughly $644.59M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CleanSpark, Inc.'s gross margin?
CLSK's gross margin was 55.2% in fiscal 2025 — gross profit of $423.21M on revenue of $766.31M.
What is CleanSpark, Inc.'s market cap?
CleanSpark, Inc. (CLSK) has a market capitalization of about $3.86B, based on the latest data in our nightly-refreshed cache.
When does CleanSpark, Inc.'s fiscal year end?
CLSK's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
Where does this data come from?
All figures are computed from CleanSpark, Inc.'s official SEC filings (10-K and 10-Q), covering 16 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.