Cleanspark (CLSK) Gross Margin (2014 - 2025)

Cleanspark (CLSK) posted quarterly Gross Margin of 56.51% for Q3 2025, up 3459.0% YoY from 1.59% in Q3 2024, and up 3.45% sequentially from 54.63% in Q2 2025.

Cleanspark (CLSK) Gross Margin (2014 - 2025) Analysis & Trends

Cleanspark has disclosed Gross Margin across 11 years of filings, most recently posting 56.51% for 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 improved to 56.51% in Q3 2025, from 54.63% in the prior quarter.
  • Over the last five years, Gross Margin for CLSK reached as high as 87.33% in Q2 2021 and fell as low as 21.93% in Q3 2024.
  • The 5-year median for Gross Margin is 56.69% (2024), against an average of 59.19%.
  • Annual changes were most pronounced in 2021 — Gross Margin surged 7148 bps — and 2022, when it slumped 5821 bps.
  • A 5-year view of Gross Margin shows it stood at 84.82% in 2021, then slumped 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.
  • According to Business Quant data, Gross Margin over the past three periods registered 56.51%, 54.63%, and 52.99% for Q3 2025, Q2 2025, and Q1 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (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 206.12%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 89.97%
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 84.10%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 99.97%
10 Cleanspark 3.65 Bn 3.39 Bn - -

Historic Data

Download Data
DateValue
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%