Cleanspark (CLSK) Cost of Revenue (2014 - 2026)
Cleanspark (CLSK) posted quarterly Cost of Revenue of $81.7 million for Q1 2026, down 4.37% year-over-year from $85.4 million in Q1 2025, and down 14.57% quarter-over-quarter from $95.6 million in Q4 2025.
Cleanspark (CLSK) Cost of Revenue (2014 - 2026) Analysis & Trends
Cleanspark (CLSK) has reported Cost of Revenue for 12 consecutive years, with $81.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 4.37% year-over-year to $81.7 million; the TTM figure through Mar 2026 stood at $364.7 million (up 41.34% YoY), while the FY2025 annual figure was $343.1 million, up 107.29% from the prior year.
- Cost of Revenue eased to $81.7 million in Q1 2026 per CLSK's latest filing, from $95.6 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $97.3 million in Q3 2025 and bottomed at $8.7 million in Q1 2022.
- Historically, Cost of Revenue has averaged $47.9 million across 5 years, with a median of $34.3 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 796.73% — and 2026, when it declined 4.37%.
- Cleanspark's Cost of Revenue stood at $20.4 million in 2022, then soared by 41.54% to $28.9 million in 2023, then soared by 143.25% to $70.3 million in 2024, then soared by 36.04% to $95.6 million in 2025, then slipped by 14.57% to $81.7 million in 2026.
- Business Quant data shows CLSK's Cost of Revenue at $81.7 million in Q1 2026, $95.6 million in Q4 2025, and $97.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 104.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 412.47 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 93.63 Mn |
| 10 | Cleanspark | 3.21 Bn | 3.01 Bn | - | 85.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 85.48 Mn |
| Jun 30, 2026 | 85.48 Mn |
| Mar 31, 2026 | 81.69 Mn |
| Mar 31, 2026 | 81.69 Mn |
| Dec 31, 2025 | 95.62 Mn |
| Dec 31, 2025 | 95.62 Mn |
| Sep 30, 2025 | 97.26 Mn |
| Sep 30, 2025 | 97.26 Mn |
| Jun 30, 2025 | 90.13 Mn |
| Jun 30, 2025 | 90.13 Mn |
| Mar 31, 2025 | 85.42 Mn |
| Mar 31, 2025 | 85.42 Mn |
| Dec 31, 2024 | 70.29 Mn |
| Dec 31, 2024 | 70.29 Mn |
| Sep 30, 2024 | 57.14 Mn |
| Sep 30, 2024 | 57.14 Mn |
| Jun 30, 2024 | 45.18 Mn |
| Jun 30, 2024 | 45.18 Mn |
| Mar 31, 2024 | 34.30 Mn |
| Mar 31, 2024 | 34.30 Mn |