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 338.83 Bn 205.30 Bn - -
2 Goldman Sachs 316.34 Bn -660.01 Bn - -
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn 19.32 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 104.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 39.93 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - -
10 Cleanspark 4.24 Bn 3.97 Bn - 81.69 Mn

Historic Data

Download Data
DateValue
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