📊 CLSKW Key Takeaways
Is Cleanspark, Inc.. (CLSKW) a Good Investment?
CleanSpark demonstrates severe fundamental deterioration with massive operating losses (-$316.6M), negative free cash flow (-$198.1M), and profitability margins deep in negative territory (-49.4% net margin) despite 102% revenue growth. The company is burning cash at an unsustainable rate with negative operating cash flow of -$161.1M, indicating that revenue expansion is not translating to viable business economics. High debt burden ($1.8B long-term debt) combined with negative earnings coverage creates substantial refinancing and solvency risks.
Despite triple-digit revenue growth, the company is converting almost none of that revenue into gross profit and remains deeply unprofitable at the operating and net levels. Negative operating cash flow, negative free cash flow, high leverage, and negative interest coverage indicate weak growth quality and elevated financial risk. Strong near-term liquidity helps, but the core fundamentals currently do not support a constructive view.
Why Buy Cleanspark, Inc.. Stock? CLSKW Key Strengths
- Strong gross revenue growth of 102.2% year-over-year demonstrates significant market expansion
- Solid liquidity position with $458.1M cash and 10.54x current ratio providing short-term operational flexibility
- Substantial asset base of $3.3B indicates scale and established infrastructure
- Revenue grew 102.2% year over year, indicating strong top-line expansion
- Cash balance of $458.10M and current ratio above 10x provide substantial near-term liquidity
- Asset base and equity capital remain sizeable, offering some balance sheet support
CLSKW Stock Risks: Cleanspark, Inc.. Investment Risks
- Persistent large operating losses (-$316.6M) and net losses (-$378.7M) with negative margins across all profitability measures
- Severe negative free cash flow (-$198.1M) and operating cash flow (-$161.1M) indicating the business model cannot self-sustain at current scale
- High leverage with debt-to-equity ratio of 1.29x and negative interest coverage ratio of -27.9x creates refinancing risk and debt serviceability concerns
- Extremely low gross margin of 0.1% despite massive revenue suggests fundamental unit economics issues
- Negative return metrics (ROE -27.4%, ROA -11.4%) indicate capital destruction for shareholders
- Gross margin of just 0.1% shows extremely poor unit economics and limited profitability conversion
- Operating margin of -41.3% and net margin of -49.4% reflect severe ongoing losses
- Negative operating cash flow, negative free cash flow, and debt/equity of 1.29x create meaningful financing and solvency risk if performance does not improve
Key Metrics to Watch
- Operating cash flow trend and path to positive FCF generation
- Gross margin expansion and operating leverage improvements
- Debt refinancing needs and covenant compliance given negative earnings
- Cash burn rate relative to available liquidity and runway
- Operating margin trajectory toward breakeven
- Gross margin and operating margin trend
- Operating cash flow and free cash flow improvement
Cleanspark, Inc.. (CLSKW) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 10.54x current ratio provides a solid financial cushion.
CLSKW Profit Margin, ROE & Profitability Analysis
CLSKW vs Finance Sector: How Cleanspark, Inc.. Compares
How Cleanspark, Inc.. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Cleanspark, Inc.. Stock Overvalued? CLSKW Valuation Analysis 2026
Based on fundamental analysis, Cleanspark, Inc.. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Cleanspark, Inc.. Balance Sheet: CLSKW Debt, Cash & Liquidity
CLSKW Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Cleanspark, Inc..'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.30 indicates the company is currently unprofitable.
CLSKW Revenue Growth, EPS Growth & YoY Performance
CLSKW Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $45.5M | -$14.2M | $-0.12 |
| Q2 2024 | $42.5M | -$18.5M | $-0.23 |
| Q1 2024 | $27.8M | $25.9M | $0.14 |
| Q3 2023 | $31.0M | -$171.0K | $0.02 |
| Q2 2023 | $37.2M | -$171.0K | $0.05 |
| Q3 2022 | $9.1M | -$170.7K | $0.02 |
| Q2 2022 | $8.1M | -$170.7K | $0.00 |
| Q1 2022 | $2.3M | -$7.2M | $-0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Cleanspark, Inc.. Dividends, Buybacks & Capital Allocation
CLSKW SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Cleanspark, Inc.. (CIK: 0000827876)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CLSKW
What is the AI rating for CLSKW?
Cleanspark, Inc.. (CLSKW) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 91% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CLSKW's key strengths?
Claude: Strong gross revenue growth of 102.2% year-over-year demonstrates significant market expansion. Solid liquidity position with $458.1M cash and 10.54x current ratio providing short-term operational flexibility. ChatGPT: Revenue grew 102.2% year over year, indicating strong top-line expansion. Cash balance of $458.10M and current ratio above 10x provide substantial near-term liquidity.
What are the risks of investing in CLSKW?
Claude: Persistent large operating losses (-$316.6M) and net losses (-$378.7M) with negative margins across all profitability measures. Severe negative free cash flow (-$198.1M) and operating cash flow (-$161.1M) indicating the business model cannot self-sustain at current scale. ChatGPT: Gross margin of just 0.1% shows extremely poor unit economics and limited profitability conversion. Operating margin of -41.3% and net margin of -49.4% reflect severe ongoing losses.
What is CLSKW's revenue and growth?
Cleanspark, Inc.. reported revenue of $766.3M.
Does CLSKW pay dividends?
Cleanspark, Inc.. does not currently pay dividends.
Where can I find CLSKW SEC filings?
Official SEC filings for Cleanspark, Inc.. (CIK: 0000827876) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CLSKW's EPS?
Cleanspark, Inc.. has a diluted EPS of $-1.30.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is CLSKW a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Cleanspark, Inc.. has a STRONG SELL rating with 91% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CLSKW stock overvalued or undervalued?
Valuation metrics for CLSKW: ROE of -27.4% (sector avg: 12%), net margin of -49.4% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy CLSKW stock in 2026?
Our dual AI analysis gives Cleanspark, Inc.. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CLSKW's free cash flow?
Cleanspark, Inc..'s operating cash flow is $-161.1M, with capital expenditures of $36.9M. FCF margin is -25.8%.
How does CLSKW compare to other Finance stocks?
Vs Finance sector averages: Net margin -49.4% (avg: 25%), ROE -27.4% (avg: 12%), current ratio 10.54 (avg: 1.2).