What is CleanSpark's debt-to-equity?

CleanSpark (CLSK) reported debt-to-equity of 0× in Q3 2024.

How has CleanSpark's debt-to-equity changed year-over-year?

CleanSpark's debt-to-equity decreased by 66.7% year-over-year, from 0× to 0×.

What is the long-term trend for CleanSpark's debt-to-equity?

Over 4 years (2020 to 2024), CleanSpark's debt-to-equity has grown at a -36.8% compound annual growth rate (CAGR), from 0× to 0×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

CleanSpark CLSK Debt-to-equity

Debt-to-equity at other companies

TeraWulfWULF

25.4×+25.4×

Equinix, Inc.EQIX

1.6×+0.2×

Riot Platforms, Inc.RIOT

0.4×+0.2×

Digital RealtyDLR

0.1×0.0×

Marathon Digital HoldingsMARA

1.1×+0.5×

Cipher Digital, Inc. CIFR

6.6×+6.6×

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%

P/S5.8×-1.0×

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

Current ratio8.3×-0.4×

Where this comes from

Calculated from CleanSpark’s reported figures.

total debt/total stockholders equity=0×

Based on the most recent quarter.

The official record: CleanSpark’s 10-K, filed November 25, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is CleanSpark's debt-to-equity?: CleanSpark (CLSK) reported debt-to-equity of 0× in Q3 2024.
How has CleanSpark's debt-to-equity changed year-over-year?: CleanSpark's debt-to-equity decreased by 66.7% year-over-year, from 0× to 0×.
What is the long-term trend for CleanSpark's debt-to-equity?: Over 4 years (2020 to 2024), CleanSpark's debt-to-equity has grown at a -36.8% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.