Cleanspark (CLSK) Cost of Revenue (2014 - 2026)
Cleanspark (CLSK) posted quarterly Cost of Revenue of $81.7 million for Q1 2026, down 4.37% YoY from $85.4 million in Q1 2025, and down 14.57% sequentially from $95.6 million in Q4 2025.
Cleanspark (CLSK) Cost of Revenue (2014 - 2026) Analysis & Trends
Cleanspark has disclosed Cost of Revenue across 12 years of filings, most recently posting $81.7 million for 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 slipped to $81.7 million in Q1 2026, from $95.6 million in the prior quarter.
- Over the last five years, Cost of Revenue for CLSK reached as high as $97.3 million in Q3 2025 and fell as low as $8.7 million in Q1 2022.
- The 5-year median for Cost of Revenue is $34.3 million (2024), against an average of $47.9 million.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 796.73% — and 2026, when it declined 4.37%.
- A 5-year view of Cost of Revenue shows it stood at $20.4 million in 2022, then surged by 41.54% to $28.9 million in 2023, then surged by 143.25% to $70.3 million in 2024, then surged by 36.04% to $95.6 million in 2025, then decreased by 14.57% to $81.7 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $81.7 million, $95.6 million, and $97.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | Cleanspark | 3.65 Bn | 3.39 Bn | - | 81.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 28.90 Mn |
| Dec 31, 2023 | 28.90 Mn |