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
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