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Velocity Financial vs Cleanspark: VEL and CLSK compared
Velocity Financial is the larger company: $103M of revenue in its latest quarter (Q3 2026) against $89.3M for Cleanspark (Q4 FY24). Cleanspark is growing faster (+70% against +19% a year earlier). Velocity Financial is more profitable, with an operating margin of 37.3% against -73.5%.
Where the money goes: VEL and CLSK
Velocity Financial (VEL) · Q3 2026
Velocity Financial, Q3 2026: revenue $103M (+19% year over year), operating margin 37.3%, net earnings $26.4M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
Cleanspark (CLSK) · Q4 FY24
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.
| Velocity Financial (VEL) | Cleanspark (CLSK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY24 |
| Revenue | $103M | $89.3M |
| Revenue growth, Y/Y | +19% | +70% |
| Operating margin | 37.3% | -73.5% |
| Net earnings | $26.4M | −$62.1M |
| Net margin | 25.7% | -69.5% |
| Operating cash flow | −$12.2M | −$82.7M |
| Market value | — | $2.5B |
| Analysts’ mean target | — | $20.87 |
Where the revenue comes from
Velocity Financial
- Net interest income: $53.5M (52%)
- Noninterest income: $49.2M (48%)
Questions
Which is bigger, Velocity Financial or Cleanspark?
Velocity Financial is the larger company: $103M of revenue in its latest quarter (Q3 2026) against $89.3M for Cleanspark (Q4 FY24).
Is Velocity Financial or Cleanspark growing faster?
Cleanspark is growing faster (+70% against +19% a year earlier).
Which is more profitable, Velocity Financial or Cleanspark?
Velocity Financial is more profitable, with an operating margin of 37.3% against -73.5%.
More: Velocity Financial earnings · how Velocity Financial makes money · Cleanspark earnings · how Cleanspark makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-K filed Dec 3, 2024). Fiscal quarters can end on different dates. Not investment advice.