Cleanspark (CLSK) Operating Expenses (2010 - 2026)

Cleanspark (CLSK) posted quarterly Operating Expenses of $482.1 million for Q1 2026, up 50.78% year-over-year from $319.7 million in Q1 2025, and down 3.14% quarter-over-quarter from $497.7 million in Q4 2025.

Cleanspark (CLSK) Operating Expenses (2010 - 2026) Analysis & Trends

Cleanspark (CLSK) has reported Operating Expenses for 17 consecutive years, with $482.1 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 50.78% year-over-year to $482.1 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 48.07% YoY), while the FY2025 annual figure was $447.4 million, down 15.27% from the prior year.
  • Operating Expenses declined to $482.1 million in Q1 2026 per CLSK's latest filing, from $497.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $497.7 million in Q4 2025 and bottomed at -$47.7 million in Q4 2024.
  • Historically, Operating Expenses has averaged $141.3 million across 5 years, with a median of $61.1 million in 2023.
  • Annual changes were most pronounced in 2024 — Operating Expenses slumped 205.29% — and 2025, when it surged 1362.68%.
  • Cleanspark's Operating Expenses stood at $56.7 million in 2022, then declined by 20.15% to $45.3 million in 2023, then plunged by 205.29% to -$47.7 million in 2024, then surged by 1144.12% to $497.7 million in 2025, then fell by 3.14% to $482.1 million in 2026.
  • Business Quant data shows CLSK's Operating Expenses at $482.1 million in Q1 2026, $497.7 million in Q4 2025, and $222.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Cleanspark 4.24 Bn 3.97 Bn - 482.09 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 482.09 Mn
Dec 31, 2025 497.73 Mn
Sep 30, 2025 222.82 Mn
Jun 30, 2025 -47.52 Mn
Mar 31, 2025 319.74 Mn
Dec 31, 2024 -47.67 Mn
Sep 30, 2024 154.87 Mn
Jun 30, 2024 353.19 Mn
Mar 31, 2024 -25.32 Mn
Dec 31, 2023 45.28 Mn
Sep 30, 2023 121.61 Mn
Jun 30, 2023 61.11 Mn
Mar 31, 2023 60.03 Mn
Dec 31, 2022 56.70 Mn
Sep 30, 2022 66.83 Mn
Jun 30, 2022 46.35 Mn
Mar 31, 2022 34.40 Mn
Dec 31, 2021 21.81 Mn
Sep 30, 2021 18.23 Mn
Jun 30, 2021 21.03 Mn