# CleanSpark, Inc. (CLSK) · Edgar & Edgarette company card

> CleanSpark (CLSK) grew revenue 102% in FY2025 to $766 million, operating margin 41.6% against a -6.4% median for finance services, equity 68.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 827876 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/CLSK) · [JSON](https://www.pops4.com/boards/company/CLSK.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $766M |
| Revenue growth, 1 year | 102.2% |
| Revenue growth per year | 110.2% |
| Operating margin | 41.6% (prior year -39.3%) |
| Net margin | 47.6% |
| Operating cash flow | −$461M |
| Capital spending | $145M |
| Free cash flow | −$606M |
| Cash | $43M |
| Long-term debt | $645M |
| Total assets | $3.2B |
| Total equity | $2.2B |
| Equity ÷ assets | 68.3% |
| Return on equity | 16.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; revenue is hard to predict: its 80% range is ±44%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $766.3M (FY2025), total debt $644.6M. Experience: revenue up 102.2% on the year, up 110.2% a year over 4 years; operating margin 41.6%, up from -39.3%. Soundness: equity 68.3% of assets, return on equity 16.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $900.1M and $2.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $708.6M to $3.0B. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin 41.6% against a -6.4% median; growth 102.2% against 16.8%.

Range logged 2026-09-28, receipt 30a2098c00ee0bbf, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526402944/0001193125-26-402944-index.htm)
- 8-K · filed 2026-09-18 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526395727/0001193125-26-395727-index.htm)
- 8-K · filed 2026-09-17 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526393758/0001193125-26-393758-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/0001193125-26-338382-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526337999/0001193125-26-337999-index.htm)
- 8-K · filed 2026-07-14 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/827876/000119312526302448/0001193125-26-302448-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000827876.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=827876

## Cite

POPS4, Edgar & Edgarette: CleanSpark, Inc. (CLSK) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/CLSK. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.