CleanSpark Inc (CLSK)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -145,777 | -138,148 | -57,662 | -21,812 | -23,346 |
| Revenue | US$ in thousands | 378,968 | 168,408 | 131,525 | 39,287 | 10,029 |
| Net profit margin | -38.47% | -82.03% | -43.84% | -55.52% | -232.78% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-145,777K ÷ $378,968K
= -38.47%
The net profit margin of CleanSpark Inc has demonstrated significant volatility over the analyzed period from September 2020 to September 2024. In September 2020, the company reported a markedly negative net profit margin of -232.78%, indicating substantial losses relative to its revenue. This figure improved considerably by September 2021 to -55.52%, reflecting a notable reduction in loss magnitude and suggesting operational improvements or increased efficiencies.
By September 2022, the net profit margin further strengthened to -43.84%, maintaining a negative trajectory but continuing the trend of narrowing losses. However, subsequent data shows a deterioration in profitability, with the net profit margin worsening to -82.03% by September 2023, which indicates an increase in losses relative to revenue, potentially due to operational challenges or increased expenses.
In the most recent data point available for September 2024, the net profit margin improved again to -38.47%, signifying a reduction in losses compared to the previous year, although the company remains unprofitable. Overall, while there have been periods of improvement, CleanSpark Inc has persistently experienced negative net profit margins, underlining ongoing challenges in achieving profitability, with some fluctuations reflecting changes in operational performance or external factors impacting revenue and expense structure.
Peer comparison
Sep 30, 2024