Cleanspark (CLSK) Gross Margin (2014 - 2025)
Cleanspark (CLSK) posted Gross Margin of 56.51% for fiscal Q4 2025 (quarter ended Sep 30, 2025), up 20.52 percentage points from 35.99% a year earlier and up 1.88 percentage points from the prior quarter.
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Analysis
Cleanspark (CLSK) Gross Margin (2014 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Cleanspark's Gross Margin came in at 55.23%, down 1.10 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +34.08 percentage points (FY2020 to FY2025).
- In prior fiscal years, Cleanspark's Gross Margin was 56.32% in FY2024 (+11.89 pp), 44.43% in FY2023 (-24.22 pp), 68.65% in FY2022 (-17.95 pp) and 86.60% in FY2021 (+65.46 pp).
- Quarterly Gross Margin has run from a low of 26.61% in fiscal Q1 2023 to a high of 87.33% in fiscal Q3 2021 over five years.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +6.18 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q3 2021, with a gain of 71.48 percentage points; the weakest was fiscal Q1 2023, with a drop of 58.21 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 54.63% (Q3 2025), 52.99% (Q2 2025) and 56.69% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.08 Bn | 8.30 Bn | - | - |
| 2 | Block | 46.71 Bn | 18.00 Bn | 3.17 Bn | 47.84% |
| 3 | Coinbase Global | 45.00 Bn | 1.80 Bn | - | - |
| 4 | Corpay | 26.84 Bn | 16.72 Bn | - | - |
| 5 | Fiserv | 25.68 Bn | 22.36 Bn | 2.90 Bn | 54.74% |
| 6 | Global Payments | 22.94 Bn | 732.47 Mn | 2.03 Bn | 61.04% |
| 7 | Guidewire Software | 15.52 Bn | 12.08 Bn | 269.68 Mn | 65.60% |
| 8 | Bitmine Immersion Technologies | 12.62 Bn | 10.00 Bn | 40.81 Mn | 87.70% |
| 9 | Chime Financial | 11.56 Bn | 7.35 Bn | 594.87 Mn | 88.82% |
| 10 | Cleanspark | 2.27 Bn | 1.29 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 56.51% |
| Jun 30, 2025 | 54.63% |
| Mar 31, 2025 | 52.99% |
| Dec 31, 2024 | 56.69% |
| Sep 30, 2024 | 35.99% |
| Jun 30, 2024 | 56.60% |
| Mar 31, 2024 | 69.32% |
| Dec 31, 2023 | 60.84% |
| Sep 30, 2023 | 42.12% |
| Jun 30, 2023 | 54.57% |
| Mar 31, 2023 | 48.10% |
| Dec 31, 2022 | 26.61% |
| Sep 30, 2022 | 36.48% |
| Jun 30, 2022 | 66.84% |
| Mar 31, 2022 | 76.65% |
| Dec 31, 2021 | 84.82% |
| Sep 30, 2021 | 85.89% |
| Jun 30, 2021 | 87.33% |
| Mar 31, 2021 | 81.06% |
| Dec 31, 2020 | 40.96% |
API Access
Cleanspark Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CLSK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CLSK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CLSK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();