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
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%