CLEANSPARK, INC. · Finance Services

CLSK

Elevated riskNext report: Around Nov 24 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Profitable, keeps 48% of sales as profit
Sales up 102% last year
Buying back shares: share count down 6.8% in 3 years

Watch out for

Debt above equity: 1.29x

Money moves

Insiders sold $41K in the last 30 days, all through pre-planned sales
Institutions added 8.6% to their holdings in the quarter ending June 2026 (221 bought, 153 sold)
Held by Leopold Aschenbrenner (Situational Awareness)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$7.78-1.3% that day

Company value: $2.0B; Share price times all shares
Price vs profit (P/E): 5.5x; You pay about $5 for each $1 of yearly profit
Price vs sales: 2.6x; Company value is 2.6 times a year of sales
Cash vs value: 10%; Cash as a share of company value
Debt vs value: 89%; Debt as a share of company value

From CLSK's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

Not reported

Sep '23Tap a barJun '26

What the price assumes

Your guesses, our math

Move the sliders to your own view of CLSK. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+5% a yearRecent growth not reportedProfit margin10%Not reportedP/E at the end8xToday: 5.5x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$978M

Profit in 5 years$98M

Price these guesses point to$3.37-57% vs $7.78 todayAbout -15% a year, before dividends

What today's price needs: with a 10% margin and a 8x P/E, sales would have to grow about 24% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.21.4%
MissDebt under half of equityNot relying on borrowed money.1.29x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.47.6%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$461.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.8% in 3 years

Revenue: $766.3M; +102.2% vs prior year
5-year growth: +138.0%/yr; revenue, per year
Total debt: $1.8B; 1.29x equity
Free cash flow: -$461.0M; -60.2% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.