Filing Flows › Cleanspark (CLSK) › Q4 FY24
Cleanspark (CLSK) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 3, 2024
Cleanspark (CLSK) reported revenue of $89.3M for the fourth quarter fiscal 2024 (Q4 FY24), +70% from a year earlier and -14% from the quarter before. Operating margin was -73.5%, net loss $62.1M (69.5% of revenue).
Cleanspark, Q4 FY24: revenue $89.3M (+70% year over year), operating margin -73.5%, net loss $62.1M, operating cash flow −$82.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $89.3M | -14% | +70% |
| Operating profit | −$65.6M | — | — |
| Net earnings | −$62.1M | — | — |
| Operating cash flow | −$82.7M | — | — |
What changed
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.
Questions
What was Cleanspark's revenue in the fourth quarter fiscal 2024?
Cleanspark (CLSK) reported revenue of $89.3M for the fourth quarter fiscal 2024 (Q4 FY24), +70% from a year earlier and -14% from the quarter before.
Was Cleanspark profitable in the fourth quarter fiscal 2024?
Operating loss was $65.6M (-73.5% of revenue) and net loss $62.1M.
Source: Cleanspark 10-K on SEC EDGAR.