Cleanspark (CLSK) Gross Margin (2014 - 2025)
Cleanspark (CLSK) reported Gross Margin of 56.51% for Q3 2025, up 3459.0% year-over-year from 1.59% in Q3 2024, and up 3.45% quarter-over-quarter from 54.63% in Q2 2025.
Cleanspark (CLSK) Gross Margin (2014 - 2025) Analysis & Trends
Cleanspark (CLSK) has 11 years of Gross Margin data on file, last reported at 56.51% in Q3 2025.
- Gross Margin for Q3 2025 came in at 56.51%, up 3459.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 55.23% (down 42.0% YoY), and the FY2025 annual result was 55.23%, down 110.0% from the prior year.
- Gross Margin advanced to 56.51% in Q3 2025 per CLSK's latest filing, from 54.63% in the prior quarter.
- Over five years, Gross Margin peaked at 87.33% in Q2 2021 and troughed at 21.93% in Q3 2024.
- A 5-year average of 59.19% and a median of 56.69% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2022: Gross Margin surged 7148 bps in 2021, then plunged 5821 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 84.82% in 2021, then plunged by 69 bps to 26.61% in 2022, then surged by 139 bps to 63.58% in 2023, then retreated by 11 bps to 56.69% in 2024, then declined by 0 bps to 56.51% in 2025.
- Business Quant data shows CLSK's Gross Margin at 56.51% in Q3 2025, 54.63% in Q2 2025, and 52.99% in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 84.10% |
| 10 | Cleanspark | 4.53 Bn | 4.27 Bn | - | - |
Historic Data
Download 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 | 21.93% |
| Jun 30, 2024 | 58.48% |
| Mar 31, 2024 | 69.32% |
| Dec 31, 2023 | 63.58% |
| 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% |