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CleanSparkCLSK

$3.3B market cap
CleanSparkCLSK
Revenue

Revenue: is the business selling more than it used to?

$766M+102% YoYFY 2025

0.00$500M201020112012201320142016201720182019202020212022202320242025$766M2026$379M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $766M in 2025, compounding +80% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $379M, behind the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Net income

Net income: how much of that revenue becomes profit?

$364MFY 2025

$-1.0B0.00201120122013201420152016201720182019202020212022202320242025$364M2026$-998M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $364M in 2025, against $-146M the year before. Earnings per share moved -429% over the last twelve months. Trailing twelve-month profit stands at $-998M.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Growth rate

How fast is it growing, year by year?

+102.2%revenue growth, FY 2025

0.0%2000%2016201720182019202020212022202320242025Revenue growth 102%

Revenue grew +102% in 2025 against a five-year average of +169%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$2.41revenue per share, FY 2025

-2.000.002.002021202220232024202520261.19-1.95

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $2.41 in 2025, compounding +92% a year against +80% for CLSK as a whole. Buybacks added roughly 11.6 points to your per-share result. Free cash flow per share stands at $-1.91.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Free cash flow

Free cash flow: what is left in real cash after everything?

$-606MFY 2025

$-500M0.00201120122013201420152016201720182019202020212022$54M2023202420252026$-620M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

The business consumed $606M of cash in 2025 after investment. Growth is being funded from the balance sheet, not from operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Cash conversion

How much of every sales dollar ends up as free cash?

-4000%-2000%0.0%2014201620172018201920202021202241%2023202420252026-164%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow is negative, so no share of revenue is currently converting to spare cash. Every sales dollar is being reinvested or consumed.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%200%2016201720182019202020212022202320242025202624%0.0%19%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is capital spending, at 19% of revenue (stock compensation 6%, research and development 1%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Margins

Margins: of every $1 of sales, how much survives each cost layer?

-5000%0.0%2014201620172018201920202021202220232024202520260.8%-236%-263%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin widened 70 points to 42% since 2022. After everything, 48 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Returns on capital

What does it earn on the money it uses?

-10000%-5000%0.0%2011201220132014201520162017201820192020202120222023202420252026-131%-37%10%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of -131% and ROCE of 10% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Valuation history

What has the market paid for CLSK over time?

8.6xP/S today

0.0050.001002021202220232024202520265-year median 7.1xP/S 8.60

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 8.6x sales, the market is paying +21% more than CLSK's own 5-year median of 7.1x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Free cash flow yield

What cash return does the business throw off per dollar of market value?

-19.0%FCF yield today

-20%-10%0.0%2021202220232024202520265-year median -7.0%FCF yield -19%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys -19.0% of annual free cash flow, more than its 5-year median of -7.0% - the cash is cheaper than usual.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Debt & cash

Could it handle its debt if things went wrong?

0.00$1.0B201220132014201520162017201820192020202120222023202420252026$1.8B$203M

Debt of $1.8B sits against $203M of cash, or 2.3x shareholders' equity. Earnings don't currently cover the interest bill at all.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Shareholders' equity

Is the company's own capital growing?

0.00$1.0B$2.0B2012201320142015201620172018201920202021202220232024$2.0B20252026$761M

The company's own capital shrank from $809M in 2023 to $761M (-6%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$200M$400M2023202420252026

Shareholders received $145M in buybacks in 2025. Stock compensation issued $45M of new shares in the same year, offsetting 31% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%50%202220232024202547%

The share count grew 46.5% in 2025. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Return on capital employed

Does CLSK earn more on its capital than that capital costs?

-400%-200%0.0%20142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 10%

CLSK earns 10.0% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. That is the highest in CLSK's filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Dilution against what it bought

CLSK has issued or retired shares - did shareholders end up better off?

01,000202120222023202420251201,627

CLSK issued +20% more shares from 2021 to 2025, but revenue per share still rose +1527%. The dilution bought more growth than it cost existing holders.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

CleanSparkCLSK
Insider flow

Are the people running it buying or selling?

$1M0.00Dec '25Aug '26

Insiders sold $1M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 57 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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