Cleanspark (CLSK) Gross Margin (2014 - 2025)
Cleanspark (CLSK) posted quarterly 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 reported Gross Margin for 11 consecutive years, with 56.51% the latest figure, recorded in Q3 2025.
- In Q3 2025, Gross Margin rose 3459.0% year-over-year to 56.51%; the TTM figure through Sep 2025 stood at 55.23% (down 42.0% YoY), while the FY2025 annual figure was 55.23%, down 110.0% from the prior year.
- Gross Margin rose to 56.51% in Q3 2025 per CLSK's latest filing, from 54.63% in the prior quarter.
- Across five years, Gross Margin topped out at 87.33% in Q2 2021 and bottomed at 21.93% in Q3 2024.
- Historically, Gross Margin has averaged 59.19% across 5 years, with a median of 56.69% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin surged 7148 bps — and 2022, when it plunged 5821 bps.
- Cleanspark's Gross Margin stood at 84.82% in 2021, then sank by 69 bps to 26.61% in 2022, then soared by 139 bps to 63.58% in 2023, then decreased by 11 bps to 56.69% in 2024, then fell 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 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 | - | - |
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% |