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How Clearfield (CLFD) makes money
Clearfield (CLFD) made $43.9M of revenue in the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier. Of every dollar of revenue, 32¢ was left as gross profit, 6¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $43.9M | 100.0% |
| Cost of revenue | $29.9M | 68.2% |
| Gross profit | $13.9M | 31.8% |
| Operating expenses | $11.4M | 25.9% |
| Operating profit | $2.6M | 5.9% |
| Income tax | $934K | 2.1% |
| Net earnings | $3.0M | 6.8% |
| Operating cash flow | $9.9M | 22.5% |
| Free cash flow | $8.9M | 20.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $43.9M | +13% |
| Q2 FY26 | $34.4M | -15% |
| Q1 FY26 | $34.3M | +16% |
| Q4 FY25 | $17.6M | +212% |
| Q3 FY25 | $49.9M | +2% |
| Q2 FY25 | $47.2M | +28% |
| Q4 FY24 | $46.8M | -6% |
From Clearfield's 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does Clearfield make money?
Clearfield (CLFD) made $43.9M of revenue in the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier. Of every dollar of revenue, 32¢ was left as gross profit, 6¢ was left as operating profit, 7¢ was left as net earnings.
What is Clearfield's profit margin?
Net earnings were $3.0M, 6.8% of revenue, in the third quarter fiscal 2026; the operating margin was 5.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.