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| 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% |