What is CleanSpark's cash ratio?

CleanSpark (CLSK) reported cash ratio of 2× in Q1 2026.

How has CleanSpark's cash ratio changed year-over-year?

CleanSpark's cash ratio increased by 120.5% year-over-year, from 0.9× to 2×.

What is the long-term trend for CleanSpark's cash ratio?

Over 5 years (2020 to 2025), CleanSpark's cash ratio has grown at a -25.2% compound annual growth rate (CAGR), from 0.6× to 0.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

CleanSpark CLSK Cash ratio

Cash ratio at other companies

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1.3×-0.5×

Equinix, Inc.EQIX

0.3×-0.6×

Riot Platforms, Inc.RIOT

0.5×-0.7×

Marathon Digital HoldingsMARA

1.6×+1.0×

Cipher Digital, Inc. CIFR

0.6×+0.3×

Core Scientific, Inc.CORZ

0.4×-3.1×

Other financials

Income statement

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Revenue$191.6M+115%

Gross profit$105.8M+229%

Operating income-$345.7M-150%

Net income-$378.3M-173%

EPS (diluted)-$1.52-210%

Balance sheet

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Cash & equivalents$260.3M+168%

Total debt$709.0K-15.5%

Total equity$986.2M-47.8%

Total assets$2.9B+9.7%

Cash flow

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Operating cash flow-$135.8M-21.0%

CapEx$37.6M+10.3%

Free cash flow-$173.4M-18.5%

Valuation

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Market cap$4.42B+15.3%

Profitability

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Gross margin55.2%-1.1pp

Operating margin41.6%+28.0pp

Net margin47.7%+33.0pp

FCF margin-84.5%+17.8pp

Returns & leverage

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Return on equity-34.7%-67.6pp

Debt / equity0×0.0×

Current ratio8.3×-0.4×

Where this comes from

Calculated from CleanSpark’s reported figures.

cash and equivalents/total current liabilities=2×

Based on the most recent quarter.

The official record: CleanSpark’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CleanSpark's cash ratio?: CleanSpark (CLSK) reported cash ratio of 2× in Q1 2026.
How has CleanSpark's cash ratio changed year-over-year?: CleanSpark's cash ratio increased by 120.5% year-over-year, from 0.9× to 2×.
What is the long-term trend for CleanSpark's cash ratio?: Over 5 years (2020 to 2025), CleanSpark's cash ratio has grown at a -25.2% compound annual growth rate (CAGR), from 0.6× to 0.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.