Cleanspark (CLSK) Operating Margin (2014 - 2025)
Cleanspark (CLSK) reported Operating Margin of 38.21% for Q3 2025, up 13241.0% year-over-year from N/an in Q3 2024, and down 72.45% quarter-over-quarter from 138.69% in Q2 2025.
Cleanspark (CLSK) Operating Margin (2014 - 2025) Analysis & Trends
Cleanspark (CLSK) has 11 years of Operating Margin data on file, last reported at 38.21% in Q3 2025.
- Operating Margin for Q3 2025 came in at 38.21%, up 13241.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 62.5% (up 10334.0% YoY), and the FY2025 annual result was 52.66%, up 9199.0% from the prior year.
- Operating Margin fell to 38.21% in Q3 2025 per CLSK's latest filing, from 138.69% in the prior quarter.
- Over five years, Operating Margin peaked at 157.73% in Q4 2024 and troughed at 228.89% in Q2 2024.
- A 5-year average of 21.81% and a median of 31.01% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2021 and 2025: Operating Margin surged 42947 bps in 2021, then sank 19969 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 41.24% in 2021, then plunged by 366 bps to 109.59% in 2022, then soared by 131 bps to 34.42% in 2023, then surged by 358 bps to 157.73% in 2024, then plunged by 76 bps to 38.21% in 2025.
- Business Quant data shows CLSK's Operating Margin at 38.21% in Q3 2025, 138.69% in Q2 2025, and 75.96% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 46.50% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 108.11% |
| 10 | Cleanspark | 4.53 Bn | 4.27 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 38.21% |
| Jun 30, 2025 | 138.69% |
| Mar 31, 2025 | -75.96% |
| Dec 31, 2024 | 157.73% |
| Sep 30, 2024 | -94.20% |
| Jun 30, 2024 | -228.89% |
| Mar 31, 2024 | 123.73% |
| Dec 31, 2023 | 34.42% |
| Sep 30, 2023 | -132.04% |
| Jun 30, 2023 | -31.01% |
| Mar 31, 2023 | -42.70% |
| Dec 31, 2022 | -109.59% |
| Sep 30, 2022 | -155.34% |
| Jun 30, 2022 | -53.53% |
| Mar 31, 2022 | 5.46% |
| Dec 31, 2021 | 41.24% |
| Sep 30, 2021 | 33.76% |
| Jun 30, 2021 | -155.49% |
| Mar 31, 2021 | 91.14% |
| Dec 31, 2020 | -317.49% |