Cleanspark (CLSK) Operating Margin (2014 - 2025)
Cleanspark (CLSK) posted quarterly Operating Margin of 31.62% for Q3 2025, up 5355.0% year-over-year from 0.58% in Q3 2024, and down 122.8% quarter-over-quarter from 138.69% in Q2 2025.
Cleanspark (CLSK) Operating Margin (2014 - 2025) Analysis & Trends
Cleanspark (CLSK) has reported Operating Margin for 11 consecutive years, with 31.62% the latest figure, recorded in Q3 2025.
- In Q3 2025, Operating Margin rose 5355.0% year-over-year to 31.62%; the TTM figure through Sep 2025 stood at 36.11% (up 7518.0% YoY), while the FY2025 annual figure was 41.62%, up 7921.0% from the prior year.
- Operating Margin retreated to 31.62% in Q3 2025 per CLSK's latest filing, from 138.69% in the prior quarter.
- Across five years, Operating Margin topped out at 138.69% in Q2 2025 and bottomed at 228.89% in Q2 2024.
- Historically, Operating Margin has averaged 33.46% across 5 years, with a median of 34.24% in 2023.
- Annual changes were most pronounced in 2021 — Operating Margin soared 83239 bps — and 2025, when it sank 19969 bps.
- Cleanspark's Operating Margin stood at 41.24% in 2021, then tumbled by 352 bps to 103.82% in 2022, then jumped by 133 bps to 34.42% in 2023, then surged by 276 bps to 129.37% in 2024, then sank by 124 bps to 31.62% in 2025.
- Business Quant data shows CLSK's Operating Margin at 31.62% 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 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 43.88% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 4.90% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 64.41% |
| 10 | Cleanspark | 3.21 Bn | 3.01 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -31.62% |
| Jun 30, 2025 | 138.69% |
| Mar 31, 2025 | -75.96% |
| Dec 31, 2024 | 129.37% |
| Sep 30, 2024 | -85.17% |
| Jun 30, 2024 | -228.89% |
| Mar 31, 2024 | 123.73% |
| Dec 31, 2023 | 34.42% |
| Sep 30, 2023 | -132.04% |
| Jun 30, 2023 | -34.24% |
| Mar 31, 2023 | -41.10% |
| Dec 31, 2022 | -103.82% |
| Sep 30, 2022 | -157.24% |
| Jun 30, 2022 | -49.36% |
| Mar 31, 2022 | 5.46% |
| Dec 31, 2021 | 41.24% |
| Sep 30, 2021 | 17.06% |
| Jun 30, 2021 | -155.49% |
| Mar 31, 2021 | -30.75% |
| Dec 31, 2020 | -317.49% |