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CLSK CleanSpark Inc

NASDAQ
Information Technology
Technology
Earnings Nov 23 · after the close

$8.50

▼ 9.1%

Updated Oct 16, 2:25 PM ET

Report Card

CLSK at a glance — five pillars scored 0–100 from real filed financials.

How the 0–100 rating is calculated
Value
—
Growth
—
Profitability
40
Health
100
Dividends
—

Overall: not rated yet. This stock's fundamentals ratios aren't loaded, so only the pillars its filings support are scored.

Key Metrics

Market Cap

—

P/E

—

Forward P/E (est.)

—

ROE

—

Revenue Growth

—

EPS Growth

—

Profit Margin

—

FCF Yield

—

Debt / Equity

—

ROIC

10.0%

Interest Coverage

28.14x

Current Ratio

5.91x

Dividend Yield

—

Implied Growth (rev. DCF)

—

Rating Score

Not rated

Business Overview

Research

CleanSpark Inc (CLSK) is a NASDAQ-listed company in the Technology industry, within the Information Technology sector.

In its latest reported year it generated about $766.31M in revenue and $364.46M in net profit.

Our model hasn't rated CLSK yet because its fundamentals ratios (P/E, margins, returns on capital, leverage) aren't loaded. Any financial history below comes straight from its SEC filings and refreshes automatically.

Economic Moat

Evidence of durable competitive advantage in the filed financials (10 years of history).

Profit margins and economic moats, explained
No moat evidenceMoat evidence score: 31/100

The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.

Gross margin level7/100

22.8% average over the last 3 years

Gross margin stability0/100

±16.2 pts around 32.8% across 5 years

Revenue durability100/100

grew in 9 of the last 9 year-over-year periods

Free-cash-flow consistency0/100

positive in 1 of 10 years

Return on invested capital25/100

10.0% latest fiscal year

A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.

Revenue Growth

Research
How to read an income statement

4Y CAGR

110.2%

Revenue moved from $82.03K in 2016 to $766.31M in 2025, a 176.2% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.

0/1 checks passedROIC above 10%

Gross Margin

—

Operating Margin

41.6%

Net Margin

47.6%

ROE

—

Debt Analysis

Research
2/2 checks passedInterest covered 3×+Short-term bills covered

Total Debt

$1.78B

Net Debt

$1.58B

Net Debt / EBITDA

4.95x

Debt / Equity

—

Leverage: debt-to-equity is n/a, and operating profit covers interest about 28.1x, with a current ratio of 5.9x. Detailed balance-sheet leverage is limited for this name. It carries roughly $1.78B of total debt against $202.60M of cash.

Cash Flow Analysis

Research

Operating CF

-$461.03M

Free Cash Flow

-$605.69M

FCF Margin

-79.0%

In the latest year CleanSpark Inc produced about -$461.03M of operating cash flow but negative free cash flow as it invested heavily. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis

Research
What is a reasonable P/E ratio?

P/E

—

P/S

—

P/B

—

EV / EBITDA

—

CLSK trades at n/a trailing earnings. Its valuation ratios aren't loaded yet, so there is no P/E to judge here.

Metrics vs. Sector Range

Where CLSK sits versus the Information Technology companies we cover.

TTM P/E
——
Forward P/E
——
P/S ratio
——
Revenue growth
——
EPS growth
——
Gross margin
——
Net margin
——
ROE
——

Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How CLSK stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.

CLSK doesn't have a model rating yet (its fundamentals ratios aren't loaded), so it isn't ranked against the 98 rated Information Technology companies we cover.

P/E vs sector

—

median 36.2x

ROE vs sector

—

median 17.5%

Growth vs sector

—

median 17.7%

Sector rank

—

not rated yet

CompanyP/ERev Gr.Rating
CLSKThis stock——Not rated
GWRE70.5x24.9%Neutral· 52
FIG——Weak· 29
U—7.5%Weak· 22
DT80.2x18.8%Weak· 38
DOCN58x17.6%Neutral· 47
GIB11.7x7.9%Neutral· 54
CRCL—51.5%Neutral· 50
Information Technology median36.2x17.7%58/100

Valuation vs. quality map

sector medianGWREDTDOCNGIBP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Information Technology companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 98 rated companies among the 230 Information Technology stocks we cover. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

What drives this projection, and its limits

2030 scenario price range (Base Case)

$25.25 – $42.09

vs. $8.50 today · implied CAGR 24% – 38%

Metric20262027202820292030
Revenue$827.62M$893.83M$965.33M$1.04B$1.13B
Net income$397.26M$429.04M$463.36M$500.43M$540.46M
EPS$1.55$1.67$1.80$1.95$2.10
Share price (low)$18.56$20.05$21.65$23.38$25.25
Share price (high)$30.94$33.41$36.08$38.97$42.09
CAGR (low–high)118% / 264%54% / 98%37% / 62%29% / 46%24% / 38%

Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions. Growth, margin or P/E data is missing for this stock, so some starting values above are placeholders rather than measurements.

Key Risks

Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Analyst Ratings

What 21 Wall Street analysts covering CLSK recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.

Buy
consensus · score 4.1 / 5 across 21 analysts
Strong Buy 5Buy 14Hold 2Sell 0Strong Sell 0

Latest SEC Filings

CLSK's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K

CLSK — frequently asked questions

Is CLSK a good stock to buy?

We don't give buy or sell advice. Review CleanSpark Inc's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.

Where does CLSK's data come from?

Live price data plus the annual financials in CleanSpark Inc's SEC filings, refreshed automatically. Its fundamentals ratios aren't loaded yet, which is why it has no model rating.

How is the 5-year projection for CLSK calculated?

It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.

Is this CLSK analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell CLSK. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.