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Cleanspark (CLSK) earnings and revenue breakdown
Latest: Q4 FY24 · 10-K filed Dec 3, 2024 · Cleanspark (CLSK) Q4 FY24 earnings results →
Q4 FY24 Revenue up 70% year over year to $89.3M · 70¢ of every $1 of revenue lost · operating margin -73.5%
Cleanspark made $89.3M in Q4 FY24 (+70% Y/Y). Operating margin -73.5%, net loss $62.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Dec 3, 2024.
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What changed this quarter
Revenue was $89.3M in Q4 FY24, up 70% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $65.6M, an operating margin of -73.5%. Total costs grew 27% against revenue growth of 70%. The fastest-growing cost line was Cost of revenue (+88%). The quarter ended with a net loss of $62.1M, narrower than the previous quarter's $236.2M loss.
Operating cash flow was −$82.7M. Non-cash charges added back $51.8M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items used $79.3M. Capital expenditures of $12.8M exceeded it, leaving free cash flow of −$95.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q4 FY24 | 10-K | Dec 3, 2024 | $89.3M | +70% | -73.5% | −$62.1M | −$82.7M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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About Cleanspark
As used in this Annual Report on Form 10-K, the terms “we,” “us,” “our,” the “Company,” “CleanSpark, Inc.” and “CleanSpark” mean CleanSpark, Inc. and its consolidated subsidiaries, unless otherwise indicated. Dollar amounts presented in this Annual Report on Form 10-K are presented in thousands, except per share amounts, bitcoin price, and information set forth under the heading “Bitcoin Mining Operations”. CleanSpark is a bitcoin mining company. We independently own and operate a large portfolio of data centers across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming. As of October 31, 2024, we have with 676 megawatts (“MW”) of developed capacity and has 50 MWs of hosted machines in New York, which supports approximately 31.5 exahash per second (“EH/s”) of bitcoin mining computational power.
In its own words, from its 10-K, filed Dec 3, 2024.
Cleanspark against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +70% against the peers' median +18%. Operating margin: -73.5% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CLSK Cleanspark | Q4 FY24 | $89.3M | +70% | -73.5% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Cleanspark 10-K on SEC EDGAR · CIK 827876 · Finance Services
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History
Every quarter: Q4 FY24 results