📊 CLSKW Key Takeaways
Investment Thesis
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.
CLSKW 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
CLSKW 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
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
CLSKW Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 10.54x current ratio provides a solid financial cushion.
CLSKW Profitability Ratios
CLSKW vs Finance Sector
How CLEANSPARK, INC. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CLSKW Balance Sheet & Liquidity
CLSKW 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 Growth Metrics (YoY)
CLSKW Quarterly 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.
CLSKW Capital Allocation
CLSKW SEC Filings
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 an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CLSKW's 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.
What are the risks of investing in CLSKW?
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.
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?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.