Cleanspark (CLSKW) Cost of Revenue (2014 - 2026)

Cleanspark (CLSKW) posted quarterly Cost of Revenue of $81.7 million for Q1 2026, down 4.37% YoY from $85.4 million in Q1 2025, and down 14.57% sequentially from $95.6 million in Q4 2025.

Cleanspark (CLSKW) Cost of Revenue (2014 - 2026) Analysis & Trends

Cleanspark has disclosed Cost of Revenue across 12 years of filings, most recently posting $81.7 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 4.37% year-over-year to $81.7 million; the TTM figure through Mar 2026 stood at $364.7 million (up 41.34% YoY), while the FY2025 annual figure was $343.1 million, up 107.29% from the prior year.
  • Cost of Revenue slipped to $81.7 million in Q1 2026, from $95.6 million in the prior quarter.
  • Over the last five years, Cost of Revenue for CLSKW reached as high as $97.3 million in Q3 2025 and fell as low as $8.7 million in Q1 2022.
  • The 5-year median for Cost of Revenue is $34.3 million (2024), against an average of $47.9 million.
  • Annual changes were most pronounced in 2022 — Cost of Revenue surged 796.73% — and 2026, when it declined 4.37%.
  • A 5-year view of Cost of Revenue shows it stood at $20.4 million in 2022, then surged by 41.54% to $28.9 million in 2023, then surged by 143.25% to $70.3 million in 2024, then surged by 36.04% to $95.6 million in 2025, then decreased by 14.57% to $81.7 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $81.7 million, $95.6 million, and $97.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Cleanspark - - - 81.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 81.69 Mn
Mar 31, 2026 81.69 Mn
Dec 31, 2025 95.62 Mn
Dec 31, 2025 95.62 Mn
Sep 30, 2025 97.26 Mn
Sep 30, 2025 97.26 Mn
Jun 30, 2025 90.13 Mn
Jun 30, 2025 90.13 Mn
Mar 31, 2025 85.42 Mn
Mar 31, 2025 85.42 Mn
Dec 31, 2024 70.29 Mn
Dec 31, 2024 70.29 Mn
Sep 30, 2024 57.14 Mn
Sep 30, 2024 57.14 Mn
Jun 30, 2024 45.18 Mn
Jun 30, 2024 45.18 Mn
Mar 31, 2024 34.30 Mn
Mar 31, 2024 34.30 Mn
Dec 31, 2023 28.90 Mn
Dec 31, 2023 28.90 Mn