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CleanSpark CLSK Free cash flow margin

Free cash flow margin at other companies

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Equinix, Inc.EQIX
-10.6%-14.6pp
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Riot Platforms, Inc.RIOT
-140.4%+36.0pp
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-147.8%-5.6pp
Cipher Digital, Inc.
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-482%-3,491pp
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-130%-246pp

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

Returns & leverage

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Return on equity-34.7%-67.6pp
Debt / equity0.0×
Current ratio8.3×-0.4×

Where this comes from

Calculated from CleanSpark’s reported figures.

Based on trailing twelve months.

The official record: CleanSpark’s 10-Q, filed May 8, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is CleanSpark's free cash flow margin?
CleanSpark (CLSK) reported free cash flow margin of -84.5% in Q1 2025.
How has CleanSpark's free cash flow margin changed year-over-year?
CleanSpark's free cash flow margin decreased by 17.4% year-over-year, from -72% to -84.5%.
What is the long-term trend for CleanSpark's free cash flow margin?
Over 4 years (2020 to 2024), CleanSpark's free cash flow margin has grown at a 4.4% compound annual growth rate (CAGR), from -66.6% to -79.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.