Cleanspark (CLSK) Operating Expenses (2010 - 2026)
Cleanspark (CLSK) posted quarterly Operating Expenses of $482.1 million for Q1 2026, up 50.78% YoY from $319.7 million in Q1 2025, and down 3.14% sequentially from $497.7 million in Q4 2025.
Cleanspark (CLSK) Operating Expenses (2010 - 2026) Analysis & Trends
Cleanspark has disclosed Operating Expenses across 17 years of filings, most recently posting $482.1 million for 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 eased to $482.1 million in Q1 2026, from $497.7 million in the prior quarter.
- Over the last five years, Operating Expenses for CLSK reached as high as $497.7 million in Q4 2025 and fell as low as -$47.7 million in Q4 2024.
- The 5-year median for Operating Expenses is $61.1 million (2023), against an average of $141.3 million.
- Annual changes were most pronounced in 2024 — Operating Expenses plunged 205.29% — and 2025, when it surged 1362.68%.
- A 5-year view of Operating Expenses shows it stood at $56.7 million in 2022, then dropped by 20.15% to $45.3 million in 2023, then sank by 205.29% to -$47.7 million in 2024, then jumped by 1144.12% to $497.7 million in 2025, then declined by 3.14% to $482.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $482.1 million, $497.7 million, and $222.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Cleanspark | 3.65 Bn | 3.39 Bn | - | 482.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |