Cleanspark (CLSK) Operating Expenses (2010 - 2026)

Cleanspark (CLSK) reported 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 17 years of Operating Expenses data on file, last reported at $482.1 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $482.1 million, up 50.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 48.07% YoY), and the FY2025 annual result was $447.4 million, down 15.27% from the prior year.
  • Operating Expenses retreated to $482.1 million in Q1 2026 per CLSK's latest filing, from $497.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $497.7 million in Q4 2025 and troughed at -$47.7 million in Q4 2024.
  • A 5-year average of $141.3 million and a median of $61.1 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 205.29% in 2024, then surged 1362.68% in 2025.
  • 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 tumbled 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.
  • 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 SOL Strategies 100,773.79 Bn 100,773.79 Bn - 386,258.80
2 Morgan Stanley 331.35 Bn 197.82 Bn - 13.47 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 10.43 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 3.29 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 381.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 4.45 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 330.51 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 242.35 Mn
10 Cleanspark 4.53 Bn 4.27 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