Free Trial
→ A grave, grave error. (From Porter & Company) (Ad) Buy CLSK Stock  Free CLSK Stock Alerts

Cleanspark (CLSK) Financials

Cleanspark logo
$9.00 -0.18 (-1.96%)
Closing price 04:00 PM Eastern
Extended Trading
$9.01 +0.01 (+0.06%)
As of 04:23 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for Cleanspark

Annual Income Statements for Cleanspark

This table shows Cleanspark's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 -3.49 -13 -47 -26 -23 -22 -58 -138 -149
Consolidated Net Income / (Loss)		 -3.49 -13 -47 -26 -23 -22 -57 -138 -146
Net Income / (Loss) Continuing Operations		 -3.49 -13 -47 -26 -23 -8.23 -40 -134 -146
Total Pre-Tax Income 		-3.49 -13 -47 -26 -23 -8.23 -40 -134 -146
Total Operating Income		 -3.48 -13 -7.08 -17 -15 -12 -38 -131 -149
Total Gross Profit		 0.00 0.15 0.19 0.67 2.12 34 90 75 213
Total Revenue		 0.00 0.45 1.16 4.53 10 39 132 168 379
Operating Revenue		 0.00 0.45 1.16 4.53 10 39 132 168 379
Total Cost of Revenue		 0.00 0.30 0.78 3.86 7.91 5.26 41 94 166
Operating Cost of Revenue		 0.00 0.30 0.78 3.86 7.91 5.26 41 94 166
Total Operating Expenses		 3.48 14 7.26 17 17 46 128 206 362
Selling, General & Admin Expense		 3.42 1.38 1.55 5.75 7.61 12 17 32 44
Depreciation Expense		 0.00 2.25 0.85 1.90 2.84 8.98 49 121 155
Other Operating Expenses / (Income)		 - 0.26 1.58 1.27 6.81 18 38 44 -39
Impairment Charge		 - 8.55 1.90 6.92 0.00 6.61 25 7.16 198
Other Special Charges / (Income)		 0.00 -0.01 - - - 0.00 -0.64 1.93 5.47
Total Other Income / (Expense), net		 -0.01 -0.12 -40 -9.46 -8.20 3.67 -2.23 -2.68 3.27
Interest Expense		 0.01 0.12 0.97 9.48 11 0.15 1.08 2.98 2.46
Interest & Investment Income		 - - - - 0.31 0.22 0.19 0.48 8.56
Other Income / (Expense), net		 - 0.00 -39 0.02 2.25 3.59 -1.34 -0.18 -2.83
Net Income / (Loss) Discontinued Operations		 - - - - - -14 -17 -4.43 0.00
Preferred Stock Dividends Declared		 - - - - 0.00 0.18 0.34 0.00 3.42
Weighted Average Basic Shares Outstanding		 19.23M 32.18M 3.45M 4.18M 9.55M 29.44M 42.61M 102.71M 216.86M
Weighted Average Diluted Shares Outstanding		 20.37M - - 4.78M 9.55M 29.44M 85.23M 205.42M 433.72M
Weighted Average Basic & Diluted Shares Outstanding		 20.37M - - 4.78M 9.55M 29.44M 42.61M 102.71M 216.86M

Quarterly Income Statements for Cleanspark

This table shows Cleanspark's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 24 -29 -18 -14 -76 25 124 -236 -62 242 -139
Consolidated Net Income / (Loss)		 1.22 -29 -18 -14 -76 26 127 -236 -62 247 -139
Net Income / (Loss) Continuing Operations		 31 -30 -18 -14 -71 26 127 -236 -62 247 -139
Total Pre-Tax Income 		31 -30 -18 -14 -71 27 127 -236 -62 256 -142
Total Operating Income		 29 -29 -17 -16 -69 29 137 -249 -66 210 -138
Total Gross Profit		 71 7.40 20 25 22 45 78 59 32 92 96
Total Revenue		 73 28 43 46 53 74 112 104 89 162 182
Operating Revenue		 - 28 43 46 53 74 112 104 89 162 182
Total Cost of Revenue		 1.85 20 22 21 30 29 34 45 57 70 85
Operating Cost of Revenue		 - 20 22 21 30 29 34 45 57 70 85
Total Operating Expenses		 42 36 38 40 91 16 -60 308 98 -118 234
Selling, General & Admin Expense		 2.96 6.56 8.08 7.29 9.77 6.58 9.03 13 16 14 15
Depreciation Expense		 4.48 19 21 22 58 30 32 41 52 66 79
Other Operating Expenses / (Income)		 - 10 8.33 11 15 -21 -103 65 19 -197 143
Impairment Charge		 - 0.08 0.19 0.74 6.15 - 0.40 189 8.13 - 0.00
Other Special Charges / (Income)		 - 0.00 0.00 0.00 1.93 0.68 1.65 -0.05 3.18 -0.79 -2.23
Total Other Income / (Expense), net		 1.29 -1.61 -0.68 1.47 -1.86 -1.20 -10 13 3.42 46 -3.81
Interest Expense		 - 0.89 0.80 0.69 0.60 0.55 0.53 0.49 0.90 1.56 1.27
Interest & Investment Income		 - 0.07 0.05 0.05 0.31 0.59 2.68 2.64 2.65 1.48 2.01
Other Income / (Expense), net		 1.10 -0.79 0.07 2.11 -1.57 -1.24 -13 11 1.67 46 -4.56
Income Tax Expense		 - - - - - 1.40 - - - 9.22 -3.04
Preferred Stock Dividends Declared		 - 0.00 0.00 0.00 - 0.58 2.84 0.00 0.00 5.14 0.00
Weighted Average Basic Shares Outstanding		 42.61M 132.79M 80.47M 114.84M 102.71M 178.81M 209.29M 228.64M 216.86M 284.55M 280.85M
Weighted Average Diluted Shares Outstanding		 85.23M 133.80M 160.94M 114.84M 205.42M 180.78M 424.20M 228.64M 433.72M 291.89M 280.85M
Weighted Average Basic & Diluted Shares Outstanding		 42.61M - 80.47M 229.69M 102.71M 198.06M 209.29M 457.29M 216.86M 280.81M 280.94M

Annual Cash Flow Statements for Cleanspark

This table details how cash moves in and out of Cleanspark's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2017 9/23/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents		 -0.03 -0.38 0.36 7.43 -4.71 15 2.42 8.75 95
Net Cash From Operating Activities		 -0.19 -1.36 -1.26 -5.70 -6.64 -24 73 -17 -234
Net Cash From Continuing Operating Activities		 -6.68 -2.42 -81 -4.87 -6.32 -12 80 -19 -233
Net Income / (Loss) Continuing Operations		 -3.49 -13 -47 -26 -23 -8.23 -40 -134 -146
Consolidated Net Income / (Loss)		 -3.49 -13 -47 -26 -23 -22 -57 -138 -146
Net Income / (Loss) Discontinued Operations		 - - - - - -14 -17 -4.43 0.00
Depreciation Expense		 0.00 2.25 0.85 1.90 2.84 9.34 49 121 155
Amortization Expense		 - 0.00 0.64 9.02 9.01 0.00 0.05 0.07 0.13
Non-Cash Adjustments To Reconcile Net Income		 -3.24 8.82 3.44 7.51 2.16 -17 56 -24 -260
Changes in Operating Assets and Liabilities, net		 0.04 0.01 -39 2.81 3.02 3.59 15 18 18
Net Cash From Discontinued Operating Activities		 - - - - - -12 -6.36 1.33 -0.51
Net Cash From Investing Activities		 -0.08 -0.13 -0.42 -0.67 -2.38 -229 -211 -332 -920
Net Cash From Continuing Investing Activities		 -0.08 -0.13 -0.42 0.46 0.07 -228 -211 -334 -920
Purchase of Property, Plant & Equipment		 -0.08 -0.01 -0.02 0.47 0.05 -139 -19 -63 -67
Acquisitions		 -0.00 -0.03 -0.01 -0.00 0.77 0.00 -23 -9.39 0.00
Sale and/or Maturity of Investments		 - - - - 0.00 0.37 0.01 0.00 0.00
Other Investing Activities, net		 0.00 -0.09 -0.40 - 0.00 -89 -168 -262 -853
Net Cash From Discontinued Investing Activities		 - - - - - -1.00 0.00 2.25 0.00
Net Cash From Financing Activities		 0.24 1.11 2.04 14 4.31 268 140 358 1,249
Net Cash From Continuing Financing Activities		 0.24 1.11 2.04 14 4.31 268 140 358 1,249
Payment of Dividends		 - - - - 0.00 -0.18 -0.32 -0.02 -3.42
Issuance of Debt		 - 0.11 1.89 15 0.53 - 0.00 1.94 0.00
Issuance of Common Equity		 0.24 0.88 0.27 0.36 4.00 271 123 376 1,232
Other Financing Activities, net		 - 0.15 0.04 0.00 0.00 -2.42 17 -20 21
Net Cash From Discontinued Financing Activities		 - - - - - 0.00 0.00 0.00 0.00
Cash Interest Paid		 0.00 0.00 0.11 0.06 0.01 0.16 1.03 2.91 2.13

Quarterly Cash Flow Statements for Cleanspark

This table details how cash moves in and out of Cleanspark's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 55 -18 8.28 11 7.38 19 275 -194 -4.89 156 -180
Net Cash From Operating Activities		 21 5.12 6.76 5.80 -35 -48 -43 -68 -83 -119 -112
Net Cash From Continuing Operating Activities		 21 4.70 6.42 5.44 -35 -47 -43 -68 -83 -119 -112
Net Income / (Loss) Continuing Operations		 -41 -30 -18 -14 -71 26 127 -236 -62 247 -139
Consolidated Net Income / (Loss)		 -42 -29 -18 -14 -76 26 127 -236 -62 247 -139
Depreciation Expense		 16 19 21 22 58 30 32 41 52 66 79
Non-Cash Adjustments To Reconcile Net Income		 24 11 4.40 -1.73 -37 -98 -218 136 -80 -424 -47
Changes in Operating Assets and Liabilities, net		 21 4.93 -1.18 -0.55 15 -5.46 17 -8.45 7.98 -8.86 -5.49
Net Cash From Investing Activities		 -57 -56 -55 -128 -93 -33 -199 -272 -417 -256 -60
Net Cash From Continuing Investing Activities		 -57 -59 -55 -128 -93 -33 -199 -272 -417 -256 -60
Purchase of Property, Plant & Equipment		 13 -4.95 -17 -21 -20 -76 -15 -439 415 -279 -66
Acquisitions		 -23 -23 - -9.39 23 0.00 -23 -26 49 -6.69 -5.49
Other Investing Activities, net		 -48 -32 -38 -98 -95 44 -160 193 -881 30 11
Net Cash From Financing Activities		 54 33 56 134 135 100 516 146 494 531 -7.38
Net Cash From Continuing Financing Activities		 54 33 56 134 135 100 516 146 494 531 -7.38
Issuance of Common Equity		 55 41 58 134 143 109 530 151 452 187 0.00
Other Financing Activities, net		 37 -8.37 -2.06 -2.16 -7.60 -9.18 -13 -1.85 43 -144 -2.24
Cash Interest Paid		 0.67 0.81 0.86 0.61 0.63 0.52 0.50 0.45 0.65 1.40 0.49

Annual Balance Sheets for Cleanspark

This table presents Cleanspark's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Total Assets		 33 21 18 23 22 317 453 762 1,963
Total Current Assets		 0.60 0.13 0.55 9.88 8.25 58 51 102 705
Cash & Equivalents		 0.44 0.06 0.41 7.84 3.13 18 20 29 121
Restricted Cash		 - - - - - - - 0.00 3.06
Short-Term Investments		 - - - 0.00 0.96 0.76 0.61 3.42 0.92
Note & Lease Receivable		 0.00 - - - - - - 56 61
Inventories, net		 - - - - 0.25 0.08 0.22 - 432
Prepaid Expenses		 0.06 0.03 0.05 1.21 0.94 2.14 7.93 3.26 8.00
Other Current Assets		 20 0.00 0.05 0.06 2.12 36 22 10 80
Plant, Property, & Equipment, net		 0.78 0.13 0.09 0.15 0.12 138 377 564 870
Total Noncurrent Assets		 12 21 17 13 14 122 25 95 388
Goodwill		 4.92 4.92 4.92 4.92 5.90 12 0.00 8.04 8.04
Intangible Assets		 2.47 16 12 8.49 8.03 8.22 6.49 4.60 3.04
Other Noncurrent Operating Assets		 4.57 -0.01 - 0.00 0.04 102 17 82 376
Total Liabilities & Shareholders' Equity		 33 21 18 23 22 317 453 762 1,963
Total Liabilities		 0.36 0.45 1.50 4.55 5.91 12 49 86 202
Total Current Liabilities		 0.36 0.30 1.35 1.50 5.38 10 34 74 188
Short-Term Debt		 0.06 0.06 0.31 0.07 - 0.00 7.79 6.99 59
Accounts Payable		 0.29 0.22 0.51 0.94 4.53 6.98 25 40 83
Accrued Expenses		 - - - - - - - 26 44
Dividends Payable		 - - - - - 0.00 0.02 - 0.00
Other Current Liabilities		 - -0.01 -0.39 0.50 0.86 1.64 0.37 0.31 2.24
Total Noncurrent Liabilities		 0.00 0.15 0.15 3.05 0.53 1.69 15 12 14
Long-Term Debt		 - 0.15 0.15 3.05 0.53 0.00 13 8.91 7.18
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 2.42 5.76
Other Noncurrent Operating Liabilities		 - - 0.00 - 0.00 1.02 0.45 0.53 1.00
Total Equity & Noncontrolling Interests		 33 20 16 19 16 306 404 676 1,761
Total Preferred & Common Equity		 33 20 16 19 16 306 404 676 1,761
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 33 20 16 19 16 306 404 676 1,761
Common Stock		 39 40 83 112 133 444 600 1,010 2,240
Retained Earnings		 -6.43 -20 -67 -93 -116 -138 -196 -334 -479
Treasury Stock		 - - - - - - - - 0.00
Accumulated Other Comprehensive Income / (Loss)		 - - - - 0.00 -0.01 0.11 0.23 0.42

Quarterly Balance Sheets for Cleanspark

This table presents Cleanspark's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025
Total Assets		 411 532 653 863 1,537 1,476 2,779 2,657
Total Current Assets		 29 33 53 182 688 599 1,225 947
Cash & Equivalents		 2.66 10 22 - - 126 277 97
Restricted Cash		 - - - 48 323 3.02 3.41 3.44
Short-Term Investments		 0.82 0.67 0.70 0.76 0.78 0.81 0.95 3.90
Note & Lease Receivable		 - - - - - 428 0.00 0.00
Prepaid Expenses		 3.73 8.70 8.34 2.97 4.13 7.66 11 10
Other Current Assets		 22 12 21 129 359 33 4.50 833
Plant, Property, & Equipment, net		 322 440 482 637 671 568 1,256 1,272
Total Noncurrent Assets		 59 58 118 44 179 308 298 438
Goodwill		 12 8.04 8.04 8.04 8.04 8.04 135 132
Intangible Assets		 6.81 5.70 5.12 4.09 3.74 3.58 5.95 6.98
Other Noncurrent Operating Assets		 41 45 105 31 167 297 157 299
Total Liabilities & Shareholders' Equity		 411 532 653 863 1,537 1,476 2,779 2,657
Total Liabilities		 34 58 49 52 74 73 758 767
Total Current Liabilities		 20 41 37 42 55 67 97 109
Short-Term Debt		 5.36 7.25 7.08 7.42 7.69 9.67 7.22 5.42
Accounts Payable		 13 31 30 33 44 56 28 11
Accrued Expenses		 - - - - - - 51 88
Dividends Payable		 0.02 0.02 0.00 0.58 2.84 - 5.14 0.00
Other Current Liabilities		 0.60 2.34 0.36 0.27 0.23 0.22 5.69 4.60
Total Noncurrent Liabilities		 14 16 12 9.78 19 6.39 661 657
Long-Term Debt		 13 10 11 7.05 5.09 1.31 641 642
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 2.26 14 4.36 15 12
Other Noncurrent Operating Liabilities		 1.23 5.59 0.58 0.47 0.43 0.72 4.62 3.52
Total Equity & Noncontrolling Interests		 377 474 604 811 1,463 1,402 2,022 1,890
Total Preferred & Common Equity		 377 474 604 811 1,463 1,402 2,022 1,890
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 377 474 604 811 1,463 1,402 2,022 1,890
Common Stock		 531 717 861 1,113 1,642 1,817 2,404 2,408
Retained Earnings		 -154 -244 -258 -303 -179 -415 -238 -376
Treasury Stock		 - - - - - - -145 -145
Accumulated Other Comprehensive Income / (Loss)		 0.07 0.17 0.20 0.26 0.28 0.31 0.45 3.40

Annual Metrics And Ratios for Cleanspark

This table displays calculated financial ratios and metrics derived from Cleanspark's official financial filings.

Metric 2015 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Growth Metrics		 - - - - - - - - -
Revenue Growth		 -100.00% 0.00% 158.34% 291.68% 121.25% 291.75% 234.78% 28.04% 125.03%
EBITDA Growth		 -4,373.89% 0.00% -300.34% 87.26% 81.51% 198.34% 858.32% -205.42% 127.44%
EBIT Growth		 -2,818.56% 0.00% -244.15% 63.96% 22.29% 35.60% -372.02% -234.74% -15.74%
NOPAT Growth		 -5,774.96% 0.00% 47.11% -134.79% 8.85% 21.43% -218.23% -246.09% -13.74%
Net Income Growth		 -7,619.58% 0.00% -248.23% 44.44% 10.61% 6.57% -162.82% -140.99% -5.52%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 60.96% 88.11% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -84.21% 0.00% 7.44% -352.03% -16.58% -261.09% 406.25% -123.48% -1,254.80%
Free Cash Flow Firm Growth		 -160.56% 0.00% 0.00% -496.55% -6.13% -2,955.39% 50.09% -144.60% -229.38%
Invested Capital Growth		 -100.00% 0.00% -16.99% -16.79% -9.10% 2,145.59% 39.96% 63.18% 157.50%
Revenue Q/Q Growth		 -100.00% 0.00% 252.20% 56.31% -3.54% 83.72% 49.44% -6.05% 10.74%
EBITDA Q/Q Growth		 -1,161.53% 0.00% -911.18% 84.64% 26.96% 107.63% -40.07% -406.02% -27.00%
EBIT Q/Q Growth		 -1,028.57% 0.00% -1,366.88% 62.72% 17.09% 60.60% -110.46% -73.80% 3.29%
NOPAT Q/Q Growth		 -1,028.57% 0.00% -369.52% -54.43% 12.04% 58.08% -166.20% -70.53% 2.29%
Net Income Q/Q Growth		 -1,269.70% 0.00% -663.85% -485.86% 23.86% 7.21% -181.11% -32.82% 8.01%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 73.39% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -79.98% 0.00% 1.61% 7.37% -85.29% 0.44% 48.04% -147.07% -17.39%
Free Cash Flow Firm Q/Q Growth		 -367.52% 0.00% 0.00% 69.54% -69.79% -8.46% 1.46% -33.21% -44.65%
Invested Capital Q/Q Growth		 -100.00% 0.00% 1,058.57% -37.74% -20.42% 11.76% 3.00% 10.07% 32.40%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 0.00% 33.86% 16.23% 14.82% 21.15% 86.60% 68.65% 44.43% 56.32%
EBITDA Margin		 0.00% -2,484.01% -3,849.37% -125.18% -10.46% 2.63% 7.52% -6.19% 0.75%
Operating Margin		 0.00% -2,986.46% -611.43% -366.53% -151.00% -30.29% -28.79% -77.81% -39.33%
EBIT Margin		 0.00% -2,986.46% -3,978.38% -366.10% -128.59% -21.14% -29.81% -77.92% -40.08%
Profit (Net Income) Margin		 0.00% -3,013.31% -4,061.81% -576.18% -232.79% -55.52% -43.59% -82.03% -38.47%
Tax Burden Percent		 100.00% 100.00% 100.40% 100.15% 100.00% 265.06% 143.00% 103.31% 100.00%
Interest Burden Percent		 100.15% 100.90% 101.69% 157.15% 181.03% 99.09% 102.27% 101.90% 95.98%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -45.68% -26.41% -74.60% -78.43% -5.52% -7.64% -17.23% -8.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -2,664.76% -7,545.36% 695.11% 229.44% 127.76% 373.66% 599.74% 99.33%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -20.68% -231.89% -74.89% -53.80% -8.02% -8.51% -8.36% -3.12%
Return on Equity (ROE)		 -984.09% -66.36% -258.29% -149.49% -132.23% -13.54% -16.15% -25.59% -11.97%
Cash Return on Invested Capital (CROIC)		 -563.78% 0.00% -7.84% -56.28% -68.89% -188.46% -40.95% -65.25% -96.95%
Operating Return on Assets (OROA)		 0.00% -49.72% -240.12% -80.97% -56.35% -4.89% -10.18% -21.61% -11.15%
Return on Assets (ROA)		 0.00% -50.17% -245.15% -127.43% -102.01% -12.84% -14.89% -22.76% -10.70%
Return on Common Equity (ROCE)		 -984.09% -66.36% -258.28% -149.48% -132.22% -13.54% -16.15% -25.59% -11.97%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -66.36% -292.76% -138.29% -142.13% -7.13% -14.19% -20.45% -8.28%
Net Operating Profit after Tax (NOPAT)		 -2.44 -9.36 -4.95 -12 -11 -8.33 -27 -92 -104
NOPAT Margin		 0.00% -2,090.52% -428.00% -256.57% -105.70% -21.20% -20.15% -54.47% -27.53%
Net Nonoperating Expense Percent (NNEP)		 -2,979.94% 2,619.08% 7,518.95% -769.71% -307.87% -133.27% -381.31% -616.97% -108.17%
Cost of Revenue to Revenue		 0.00% 66.14% 67.53% 85.18% 78.85% 13.40% 31.35% 55.57% 43.68%
SG&A Expenses to Revenue		 0.00% 308.68% 134.00% 126.77% 75.92% 31.19% 12.84% 18.82% 11.61%
R&D to Revenue		 0.00% 238.45% 119.49% 32.07% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 3,014.59% 627.67% 381.35% 172.15% 116.89% 97.44% 122.25% 95.65%
Earnings before Interest and Taxes (EBIT)		 -3.48 -13 -46 -17 -13 -8.30 -39 -131 -152
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.48 -11 -45 -5.67 -1.05 1.03 9.89 -10 2.86
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 3.44 2.06 13.20 1.35 0.37 0.86 1.32
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 7.11 86.87 1.45 0.38 0.88 1.32
Price to Revenue (P/Rev)		 0.00 0.00 47.76 8.59 21.61 10.50 1.14 3.45 6.12
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 3.25 2.42 16.56 1.36 0.37 0.86 1.33
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 47.80 7.55 21.26 10.02 1.14 3.35 5.95
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 381.49 15.18 0.00 788.66
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 2.04 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.01 0.03 0.16 0.03 0.00 0.05 0.02 0.04
Long-Term Debt to Equity		 0.00 0.01 0.01 0.16 0.03 0.00 0.03 0.01 0.00
Financial Leverage		 -0.10 0.01 0.03 -0.11 -0.23 -0.06 -0.02 -0.01 -0.03
Leverage Ratio		 1.08 1.02 1.05 1.17 1.30 1.05 1.09 1.12 1.12
Compound Leverage Factor		 1.08 1.02 1.07 1.84 2.35 1.05 1.11 1.15 1.07
Debt to Total Capital		 0.00% 1.03% 2.78% 14.15% 3.13% 0.00% 5.03% 2.30% 3.61%
Short-Term Debt to Total Capital		 0.00% 0.30% 1.87% 0.31% 0.00% 0.00% 1.83% 1.01% 3.22%
Long-Term Debt to Total Capital		 0.00% 0.73% 0.91% 13.85% 3.13% 0.00% 3.20% 1.29% 0.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 98.97% 97.22% 85.84% 96.86% 100.00% 94.97% 97.70% 96.39%
Debt to EBITDA		 0.00 -0.02 -0.01 -0.55 -0.51 0.00 2.16 -1.53 23.05
Net Debt to EBITDA		 0.00 -0.01 0.00 0.83 3.39 0.00 0.03 1.61 -21.35
Long-Term Debt to EBITDA		 0.00 -0.01 0.00 -0.54 -0.51 0.00 1.38 -0.85 2.51
Debt to NOPAT		 0.00 -0.02 -0.09 -0.27 -0.05 0.00 -0.81 -0.17 -0.63
Net Debt to NOPAT		 0.00 -0.02 -0.01 0.41 0.34 0.00 -0.01 0.18 0.59
Long-Term Debt to NOPAT		 0.00 -0.02 -0.03 -0.26 -0.05 0.00 -0.51 -0.10 -0.07
Altman Z-Score		 0.00 0.00 8.13 -2.14 13.40 20.66 1.29 3.14 6.80
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.43 0.41 6.58 1.53 5.74 1.49 1.38 3.75
Quick Ratio		 0.00 0.33 0.33 5.73 0.92 1.90 0.62 1.20 3.70
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.80 0.00 -1.47 -8.77 -9.31 -284 -142 -347 -1,144
Operating Cash Flow to CapEx		 -247.76% -26,640.55% -8,278.20% 0.00% 0.00% -17.23% 380.89% -27.42% -348.03%
Free Cash Flow to Firm to Interest Expense		 -349.54 0.00 -1.52 -0.93 -0.87 -1,952.23 -131.72 -116.67 -465.98
Operating Cash Flow to Interest Expense		 -37.06 -11.32 -1.31 -0.60 -0.62 -164.60 68.14 -5.79 -95.18
Operating Cash Flow Less CapEx to Interest Expense		 -52.02 -11.36 -1.32 -0.55 -0.61 -1,120.04 50.25 -26.92 -122.53
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.02 0.06 0.22 0.44 0.23 0.34 0.28 0.28
Accounts Receivable Turnover		 0.00 9.05 30.42 11.17 12.25 67.34 787.42 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 32.16 278.79 0.00 0.00
Fixed Asset Turnover		 0.00 0.99 10.91 39.11 76.25 0.57 0.51 0.36 0.53
Accounts Payable Turnover		 0.00 1.17 2.14 5.32 2.90 0.91 2.61 2.90 2.69
Days Sales Outstanding (DSO)		 0.00 40.35 12.00 32.69 29.80 5.42 0.46 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 11.35 1.31 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 312.74 170.71 68.55 126.07 399.10 140.06 125.91 135.50
Cash Conversion Cycle (CCC)		 0.00 -272.39 -158.71 -35.86 -96.27 -382.33 -138.28 -125.91 -135.50
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 20 17 14 13 289 405 660 1,700
Invested Capital Turnover		 0.00 0.02 0.06 0.29 0.74 0.26 0.38 0.32 0.32
Increase / (Decrease) in Invested Capital		 -0.64 0.00 -3.48 -2.86 -1.29 276 115 256 1,040
Enterprise Value (EV)		 0.00 0.00 55 34 213 394 150 565 2,256
Market Capitalization		 0.00 0.00 55 39 217 413 150 582 2,317
Book Value per Share		 $0.00 $0.61 $0.46 $0.41 $0.95 $8.59 $8.58 $4.43 $7.10
Tangible Book Value per Share		 $0.00 ($0.01) ($0.02) $0.12 $0.14 $8.02 $8.44 $4.34 $7.05
Total Capital		 0.00 21 17 22 17 306 425 692 1,827
Total Debt		 0.00 0.21 0.46 3.11 0.53 0.00 21 16 66
Total Long-Term Debt		 0.00 0.15 0.15 3.05 0.53 0.00 14 8.91 7.18
Net Debt		 0.00 0.15 0.05 -4.73 -3.56 -19 0.33 -17 -61
Capital Expenditures (CapEx)		 0.08 0.01 0.02 -0.47 -0.05 139 19 63 67
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -0.17 -0.91 0.61 -1.22 29 3.45 2.47 449
Debt-free Net Working Capital (DFNWC)		 0.00 -0.11 -0.49 8.45 2.87 48 25 35 576
Net Working Capital (NWC)		 0.00 -0.17 -0.80 8.38 2.87 48 17 28 518
Net Nonoperating Expense (NNE)		 1.05 4.13 42 14 13 13 31 46 41
Net Nonoperating Obligations (NNO)		 0.00 0.16 0.96 -4.73 -3.56 -17 0.51 -16 -61
Total Depreciation and Amortization (D&A)		 0.00 2.25 1.49 11 12 9.34 49 121 155
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -37.67% -78.25% 13.46% -12.13% 73.48% 2.62% 1.47% 118.56%
Debt-free Net Working Capital to Revenue		 0.00% -24.92% -42.59% 186.40% 28.61% 121.32% 18.64% 20.85% 152.08%
Net Working Capital to Revenue		 0.00% -38.54% -69.23% 184.91% 28.61% 121.32% 12.72% 16.70% 136.57%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.18) $0.00 ($1.36) ($6.25) ($2.44) ($0.75) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 19.23M 0.00 34.52M 4.18M 9.55M 41.45M 42.61M 102.71M 216.86M
Adjusted Diluted Earnings per Share		 ($0.18) $0.00 $0.00 $0.00 ($2.44) ($0.75) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 20.37M 0.00 0.00 4.78M 23.96M 41.45M 85.23M 205.42M 433.72M
Adjusted Basic & Diluted Earnings per Share		 ($0.18) $0.00 $0.00 $0.00 ($2.44) ($0.75) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.37M 0.00 0.00 4.78M 23.96M 29.44M 42.61M 102.71M 216.86M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.44 -3.39 -3.63 -6.79 -11 -3.70 -9.80 -85 38
Normalized NOPAT Margin		 0.00% -756.27% -313.31% -149.78% -105.70% -9.43% -7.45% -50.69% 10.01%
Pre Tax Income Margin		 0.00% -3,013.31% -4,045.58% -575.32% -232.79% -20.95% -30.48% -79.40% -38.47%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -676.49 -111.20 -47.68 -1.75 -1.20 -56.99 -36.36 -44.08 -61.86
NOPAT to Interest Expense		 -473.54 -77.84 -5.13 -1.23 -0.99 -57.15 -24.59 -30.81 -42.50
EBIT Less CapEx to Interest Expense		 -691.45 -111.24 -47.70 -1.70 -1.19 -1,012.43 -54.26 -65.20 -89.21
NOPAT Less CapEx to Interest Expense		 -488.50 -77.88 -5.15 -1.18 -0.98 -1,012.60 -42.48 -51.94 -69.84
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -0.81% -0.55% -0.02% -2.35%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -0.81% -0.55% -0.02% -2.35%

Quarterly Metrics And Ratios for Cleanspark

This table displays calculated financial ratios and metrics derived from Cleanspark's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 265.99% -25.07% 0.00% 46.71% -27.74% 165.24% 162.77% 128.69% 69.98% 119.97% 62.53%
EBITDA Growth		 478.41% -144.78% 115.76% 638.96% -126.60% 652.42% 3,874.40% -2,461.62% 2.99% 464.34% -137.82%
EBIT Growth		 439.00% -289.41% 26.13% 17.55% -332.43% 191.91% 815.18% -1,668.51% 9.52% 839.16% -204.71%
NOPAT Growth		 234.92% -232.05% 23.87% -1.76% -265.04% 233.79% 1,220.25% -1,498.19% 5.05% 648.29% -176.91%
Net Income Growth		 122.66% -300.41% -10,695.32% 51.54% -6,386.02% 189.25% 786.54% -1,561.45% 18.65% 852.53% -209.51%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 833.99% -60.64% -83.81% 3.68% -266.49% -1,032.24% -734.63% -1,272.23% -136.74% -150.51% -150.37%
Free Cash Flow Firm Growth		 67.77% 209.91% 67.17% -50.38% -252.67% -276.47% -465.38% -294.06% -257.16% -88.64% -150.65%
Invested Capital Growth		 39.96% 0.00% 20.76% 52.69% 63.18% 0.00% 140.06% 114.08% 157.50% 208.12% 110.62%
Revenue Q/Q Growth		 134.22% -56.10% 52.94% 7.00% 15.37% 40.49% 51.52% -6.88% -14.25% 81.80% 11.96%
EBITDA Q/Q Growth		 3,114.42% -798.11% 138.16% 112.17% -248.77% 558.68% 181.27% -226.07% 93.89% 2,768.21% -119.76%
EBIT Q/Q Growth		 285.93% -98.65% 41.29% 22.61% -424.15% 138.59% 381.57% -291.36% 73.18% 500.59% -155.68%
NOPAT Q/Q Growth		 373.32% -93.96% 39.46% 10.87% -343.30% 155.93% 380.94% -227.15% 73.66% 540.82% -147.73%
Net Income Q/Q Growth		 104.14% 31.37% 36.41% 22.97% -437.58% 133.90% 389.15% -286.41% 73.68% 496.90% -156.24%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 274.74% -73.03% 32.18% -14.15% -701.77% -36.52% -7.18% -58.57% -21.53% -44.47% 6.00%
Free Cash Flow Firm Q/Q Growth		 40.51% 437.57% -122.34% -129.39% -39.52% -146.77% 28.27% -59.88% -26.46% -30.34% 2.85%
Invested Capital Q/Q Growth		 3.00% -100.00% 0.00% 24.61% 10.07% 17.72% 48.67% 11.12% 32.40% 40.87% 1.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 97.46% 26.61% 48.10% 54.57% 42.12% 60.84% 69.32% 56.60% 35.99% 56.69% 52.99%
EBITDA Margin		 64.41% -37.17% 9.27% 18.39% -23.71% 77.41% 140.24% -189.87% -13.53% 198.59% -35.05%
Operating Margin		 40.32% -103.82% -41.10% -34.24% -131.55% 38.64% 122.65% -239.25% -73.48% 129.37% -75.96%
EBIT Margin		 41.83% -106.65% -40.94% -29.61% -134.53% 36.96% 111.43% -228.99% -71.61% 157.78% -78.47%
Profit (Net Income) Margin		 1.67% -104.36% -43.39% -31.23% -145.54% 35.11% 113.36% -226.92% -69.65% 152.05% -76.38%
Tax Burden Percent		 3.98% 95.22% 101.62% 100.72% 107.74% 94.88% 100.00% 100.00% 100.00% 96.40% 97.85%
Interest Burden Percent		 100.63% 102.76% 104.29% 104.73% 100.41% 100.15% 101.73% 99.10% 97.26% 99.97% 99.48%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 5.12% 0.00% 0.00% 0.00% 3.60% 0.00%
Return on Invested Capital (ROIC)		 15.29% 0.00% -10.78% -8.66% -29.13% 20.23% 42.51% -60.86% -16.52% 36.77% -15.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 362.77% 0.00% -258.17% -64.10% 344.04% 27.05% 49.43% 40.32% 25.92% 62.92% -51.78%
Return on Net Nonoperating Assets (RNNOA)		 -8.26% 0.00% -1.48% -0.78% -4.79% -1.12% -7.66% -2.46% -0.82% 7.54% -3.63%
Return on Equity (ROE)		 7.03% 0.00% -12.26% -9.44% -33.93% 19.11% 34.85% -63.32% -17.33% 44.31% -19.56%
Cash Return on Invested Capital (CROIC)		 -40.95% 0.00% -30.99% -52.54% -65.25% -213.27% -72.48% -83.98% -96.95% -99.95% -80.69%
Operating Return on Assets (OROA)		 14.29% 0.00% -14.11% -9.98% -37.32% 9.18% 30.55% -73.64% -19.92% 40.51% -20.11%
Return on Assets (ROA)		 0.57% 0.00% -14.95% -10.53% -40.37% 8.73% 31.08% -72.97% -19.38% 39.03% -19.57%
Return on Common Equity (ROCE)		 7.03% 0.00% -12.26% -9.44% -33.93% 19.11% 34.85% -63.32% -17.33% 44.31% -19.56%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -25.14% -17.23% 0.00% -10.27% 4.34% -11.30% 0.00% 3.72% -10.07%
Net Operating Profit after Tax (NOPAT)		 29 -20 -12 -11 -48 27 137 -174 -46 202 -97
NOPAT Margin		 40.32% -72.68% -28.77% -23.96% -92.08% 36.66% 122.65% -167.47% -51.43% 124.71% -53.17%
Net Nonoperating Expense Percent (NNEP)		 -347.48% 0.00% 247.39% 55.44% -373.17% -6.82% -6.92% -101.18% -42.44% -26.15% 35.85%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - 3.28% - - - 7.58% -3.81%
Cost of Revenue to Revenue		 2.54% 73.39% 51.90% 45.43% 57.88% 39.16% 30.68% 43.40% 64.01% 43.31% 47.01%
SG&A Expenses to Revenue		 4.07% 23.56% 18.99% 16.01% 18.60% 8.91% 8.07% 12.11% 17.68% 8.59% 8.10%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 57.14% 130.44% 89.20% 88.81% 173.66% 22.20% -53.33% 295.85% 109.47% -72.68% 128.95%
Earnings before Interest and Taxes (EBIT)		 30 -30 -17 -13 -71 27 125 -238 -64 256 -143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 -10 3.95 8.37 -12 57 157 -198 -12 322 -64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.37 0.00 0.46 0.80 0.86 2.08 2.87 2.59 1.32 1.33 1.00
Price to Tangible Book Value (P/TBV)		 0.38 0.00 0.47 0.82 0.88 2.11 2.89 2.61 1.32 1.43 1.08
Price to Revenue (P/Rev)		 1.14 1.20 1.32 2.70 3.45 7.85 14.81 10.62 6.12 5.76 3.51
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 69.74 0.00 0.00 40.03 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.43% 0.00% 0.00% 2.50% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.37 0.00 0.46 0.80 0.86 2.12 3.37 2.74 1.33 1.28 1.00
Enterprise Value to Revenue (EV/Rev)		 1.14 0.00 1.36 2.67 3.35 7.69 13.71 10.27 5.95 6.55 4.52
Enterprise Value to EBITDA (EV/EBITDA)		 15.18 0.00 0.00 140.52 0.00 28.95 18.52 897.05 788.66 11.43 67.69
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 57.31 0.00 0.00 39.80 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 48.05 0.00 0.00 94.45 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.04 0.00 6.13 13.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.00 0.04 0.03 0.02 0.02 0.01 0.01 0.04 0.32 0.34
Long-Term Debt to Equity		 0.03 0.00 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.32 0.34
Financial Leverage		 -0.02 0.00 0.01 0.01 -0.01 -0.04 -0.16 -0.06 -0.03 0.12 0.07
Leverage Ratio		 1.09 0.00 1.09 1.09 1.12 1.06 1.07 1.06 1.12 1.29 1.25
Compound Leverage Factor		 1.09 0.00 1.14 1.14 1.13 1.07 1.09 1.05 1.09 1.29 1.24
Debt to Total Capital		 5.03% 0.00% 3.58% 2.87% 2.30% 1.75% 0.87% 0.78% 3.61% 24.29% 25.50%
Short-Term Debt to Total Capital		 1.83% 0.00% 1.47% 1.14% 1.01% 0.90% 0.52% 0.68% 3.22% 0.27% 0.21%
Long-Term Debt to Total Capital		 3.20% 0.00% 2.11% 1.73% 1.29% 0.85% 0.34% 0.09% 0.39% 24.02% 25.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 94.97% 0.00% 96.41% 97.13% 97.70% 98.25% 99.13% 99.22% 96.39% 75.71% 74.50%
Debt to EBITDA		 2.16 0.00 -2.72 5.24 -1.53 0.25 0.06 2.80 23.05 2.42 18.03
Net Debt to EBITDA		 0.03 0.00 -1.02 -1.37 1.61 -0.61 -1.48 -30.36 -21.35 1.37 15.12
Long-Term Debt to EBITDA		 1.38 0.00 -1.60 3.16 -0.85 0.12 0.02 0.34 2.51 2.39 17.88
Debt to NOPAT		 -0.81 0.00 -0.33 -0.33 -0.17 -0.28 0.16 -0.10 -0.63 20.01 -3.81
Net Debt to NOPAT		 -0.01 0.00 -0.12 0.09 0.18 0.67 -3.84 1.11 0.59 11.34 -3.20
Long-Term Debt to NOPAT		 -0.51 0.00 -0.19 -0.20 -0.10 -0.14 0.06 -0.01 -0.07 19.78 -3.78
Altman Z-Score		 1.80 0.00 1.80 5.58 3.41 19.42 34.66 29.46 6.95 2.97 1.68
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.49 0.00 0.80 1.41 1.38 4.29 12.50 8.94 3.75 12.67 8.67
Quick Ratio		 0.62 0.00 0.27 0.60 1.20 0.02 0.01 8.29 3.70 2.87 0.92
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -86 425 -95 -218 -304 -750 -537 -858 -1,086 -1,415 -1,375
Operating Cash Flow to CapEx		 0.00% 103.27% 40.21% 27.82% -172.43% -62.45% -277.12% -15.50% 0.00% -42.76% -170.60%
Free Cash Flow to Firm to Interest Expense		 0.00 478.11 -118.86 -316.18 -506.58 -1,373.72 -1,020.79 -1,770.04 -1,208.89 -907.57 -1,084.94
Operating Cash Flow to Interest Expense		 0.00 5.75 8.46 8.42 -58.21 -87.33 -81.57 -140.28 -92.08 -76.62 -88.62
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.18 -12.58 -21.86 -91.97 -227.19 -111.01 -1,045.44 369.90 -255.83 -140.57
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.34 0.00 0.34 0.34 0.28 0.25 0.27 0.32 0.28 0.26 0.26
Accounts Receivable Turnover		 787.42 0.00 47.87 1,768.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 278.79 0.00 69.22 0.00 0.00 139.43 131.58 0.00 0.00 0.45 0.00
Fixed Asset Turnover		 0.51 0.00 0.46 0.45 0.36 0.34 0.51 0.65 0.53 0.49 0.55
Accounts Payable Turnover		 2.61 0.00 2.63 3.74 2.90 3.05 3.05 3.22 2.69 6.78 9.38
Days Sales Outstanding (DSO)		 0.46 0.00 7.62 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 1.31 0.00 5.27 0.00 0.00 2.62 2.77 0.00 0.00 820.12 0.00
Days Payable Outstanding (DPO)		 140.06 0.00 138.61 97.49 125.91 119.50 119.72 113.26 135.50 53.84 38.92
Cash Conversion Cycle (CCC)		 -138.28 0.00 -125.72 -97.28 -125.91 -116.89 -116.95 -113.26 -135.50 766.28 -38.92
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 405 0.00 481 600 660 777 1,155 1,284 1,700 2,394 2,433
Invested Capital Turnover		 0.38 0.00 0.37 0.36 0.32 0.55 0.35 0.36 0.32 0.29 0.30
Increase / (Decrease) in Invested Capital		 115 -445 83 207 256 777 674 684 1,040 1,617 1,278
Enterprise Value (EV)		 150 0.00 223 479 565 1,649 3,890 3,516 2,256 3,062 2,430
Market Capitalization		 150 146 217 483 582 1,684 4,201 3,635 2,317 2,694 1,887
Book Value per Share		 $8.58 $0.00 $6.08 $5.36 $4.43 $4.53 $7.39 $6.15 $7.10 $6.91 $6.73
Tangible Book Value per Share		 $8.44 $0.00 $5.90 $5.24 $4.34 $4.47 $7.33 $6.10 $7.05 $6.43 $6.24
Total Capital		 425 0.00 492 621 692 825 1,476 1,413 1,827 2,670 2,538
Total Debt		 21 0.00 18 18 16 14 13 11 66 649 647
Total Long-Term Debt		 14 0.00 10 11 8.91 7.05 5.09 1.31 7.18 641 642
Net Debt		 0.33 0.00 6.61 -4.68 -17 -35 -311 -119 -61 368 543
Capital Expenditures (CapEx)		 -13 4.95 17 21 20 76 15 439 -415 279 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3.45 0.00 -12 -0.17 2.47 98 317 412 449 855 739
Debt-free Net Working Capital (DFNWC)		 25 0.00 -1.13 22 35 147 640 542 576 1,136 844
Net Working Capital (NWC)		 17 0.00 -8.38 15 28 139 633 532 518 1,129 838
Net Nonoperating Expense (NNE)		 28 8.81 6.22 3.31 28 1.14 10 62 16 -44 42
Net Nonoperating Obligations (NNO)		 0.51 0.00 7.40 -3.95 -16 -33 -308 -118 -61 373 543
Total Depreciation and Amortization (D&A)		 16 19 21 22 58 30 32 41 52 66 79
Debt-free, Cash-free Net Working Capital to Revenue		 2.62% 0.00% -7.37% -0.10% 1.47% 45.49% 111.62% 120.26% 118.56% 182.86% 137.57%
Debt-free Net Working Capital to Revenue		 18.64% 0.00% -0.68% 12.47% 20.85% 68.45% 225.80% 158.24% 152.08% 242.96% 156.98%
Net Working Capital to Revenue		 12.72% 0.00% -5.08% 8.52% 16.70% 64.99% 223.09% 155.41% 136.57% 241.42% 155.97%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 42.61M 0.00 80.47M 229.69M 102.71M 357.62M 209.29M 228.64M 216.86M 284.55M 280.85M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 85.23M 0.00 80.47M 229.69M 205.42M 361.57M 424.20M 228.64M 433.72M 291.89M 280.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 42.61M 0.00 80.47M 152.64M 102.71M 198.06M 209.29M 457.29M 216.86M 280.81M 280.94M
Normalized Net Operating Profit after Tax (NOPAT)		 21 -20 -12 -10 -43 28 97 -42 -38 202 -98
Normalized NOPAT Margin		 28.22% -72.47% -28.45% -22.83% -81.32% 37.53% 87.14% -40.27% -42.57% 124.24% -54.03%
Pre Tax Income Margin		 42.09% -109.59% -42.70% -31.01% -135.09% 37.01% 113.36% -226.92% -69.65% 157.73% -78.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 -33.37 -21.80 -19.56 -117.76 49.94 236.84 -491.54 -71.19 164.27 -112.54
NOPAT to Interest Expense		 0.00 -22.74 -15.32 -15.83 -80.60 49.54 260.69 -359.49 -51.13 129.84 -76.26
EBIT Less CapEx to Interest Expense		 0.00 -38.94 -42.85 -49.85 -151.52 -89.91 207.40 -1,396.70 390.78 -14.94 -164.48
NOPAT Less CapEx to Interest Expense		 0.00 -28.31 -36.37 -46.12 -114.36 -90.31 231.25 -1,264.65 410.84 -49.37 -128.20
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -0.55% 0.00% -0.26% -0.02% -0.02% 0.00% 0.94% -2.16% -2.35% 0.00% -4.19%
Augmented Payout Ratio		 -0.55% 0.00% -0.26% -0.02% -0.02% 0.00% 0.94% -2.16% -2.35% 0.00% -4.19%

Key Financial Trends

Here is a summary of Cleanspark’s Q2 2025 financial highlights and key trends over the past year and beyond:

  • Q2 revenue surged 62.5% year-over-year to $181.7 million, reflecting strong demand growth.
  • Gross margin remained high at 52.99%, in line with its long-term target of ~50%+.
  • Ample liquidity: current ratio of 8.67x, with $96.98 million in cash & equivalents.
  • Conservative leverage: debt-to-equity of 0.34x, down slightly from prior quarters.
  • Book value per share stands at $6.73, with price-to-book near 1.0x.
  • Enterprise value is about $2.43 billion, implying EV/Revenue of ~4.5x.
  • Altman Z-score of 1.68 indicates borderline financial stability but a need to monitor.
  • Returned to a net loss of $138.8 million in Q2, compared with a $241.7 million profit in Q1.
  • Operating income was negative $138 million (operating margin of ‑75.96%).
  • Free cash flow to firm was deeply negative at ‑$1.37 billion, driven by heavy capex and working capital build.
06/20/25 12:44 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Cleanspark's Financials

When does Cleanspark's financial year end?

According to the most recent income statement we have on file, Cleanspark's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Cleanspark's net income changed over the last 8 years?

Cleanspark's net income appears to be on an upward trend, with a most recent value of -$145.78 million in 2024, rising from -$3.49 million in 2015. The previous period was -$138.15 million in 2023. See where experts think Cleanspark is headed by visiting Cleanspark's forecast page.

What is Cleanspark's operating income?
Cleanspark's total operating income in 2024 was -$149.04 million, based on the following breakdown:
  • Total Gross Profit: $213.45 million
  • Total Operating Expenses: $362.50 million
How has Cleanspark's revenue changed over the last 8 years?

Over the last 8 years, Cleanspark's total revenue changed from $0.00 in 2015 to $378.97 million in 2024, a change of 37,896,800,000.0%.

How much debt does Cleanspark have?

Cleanspark's total liabilities were at $201.82 million at the end of 2024, a 134.9% increase from 2023, and a 56,365.9% increase since 2016.

How much cash does Cleanspark have?

In the past 8 years, Cleanspark's cash and equivalents has ranged from $57.13 thousand in 2017 to $121.22 million in 2024, and is currently $121.22 million as of their latest financial filing in 2024.

How has Cleanspark's book value per share changed over the last 8 years?

Over the last 8 years, Cleanspark's book value per share changed from 0.00 in 2015 to 7.10 in 2024, a change of 709.7%.


Related Companies

This page (NASDAQ:CLSK) was last updated on 6/20/2025 by MarketBeat.com Staff
From Our Partners
The Pentagon just made a National Security move...
This "awesome resource" could power America for 30,000 years... We sent one of our smartest researchers.......
Stansberry Research | Sponsored
Presidential Bombshell: $150T Resource to Be Released as soon as this Summer?
Something extraordinary is happening in Washington. For the first time in over a century, a sitting Preside...
Paradigm Press | Sponsored
An AI run of epic proportions is only getting started
I just put together an urgent new presentation that you need to see right away. In short: I believe we are...
Timothy Sykes | Sponsored
Market Panic: Trump Just Dropped a Bomb on Your Stocks
tock Market Panic: Trump Just Dropped a Bomb on Your Stocks The market is in freefall—and Trump's new tarif...
American Alternative | Sponsored
The DOJ Just Paved the Way for Account Seizures
Washington is running out of money…And guess where they'll look next? When governments go broke, they take ...
Priority Gold | Sponsored
When This Happens, You Don’t Wait. You Act.
This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...
Crypto Swap Profits | Sponsored
Elon’s NEXT Big IPO?
Cancel your internet TODAY!? Take your latest internet bill and light it on fire… then count the seconds it...
Banyan Hill Publishing | Sponsored
REVEALED FREE: Our top 3 stocks to own in 2025 and beyond
Every time Weiss Ratings flashed green like this, the average gain on each and every stock has been 303% (incl...
Weiss Ratings | Sponsored