CleanSpark Inc (CLSK)
Net profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -190,422 | 75,105 | -145,777 | -158,477 | 63,546 | -81,649 | -136,589 | -104,011 | -119,132 | -100,843 | -57,326 | -20,392 | -7,729 | -158 | -21,812 | -23,508 | -15,382 | -28,597 | -23,345 | -28,379 |
| Revenue (ttm) | US$ in thousands | 537,401 | 467,488 | 378,968 | 342,808 | 284,080 | 214,827 | 168,860 | 141,918 | 127,566 | 122,218 | 131,524 | 132,496 | 113,384 | 84,306 | 49,439 | 24,249 | 15,772 | 11,310 | 10,029 | 10,397 |
| Net profit margin | -35.43% | 16.07% | -38.47% | -46.23% | 22.37% | -38.01% | -80.89% | -73.29% | -93.39% | -82.51% | -43.59% | -15.39% | -6.82% | -0.19% | -44.12% | -96.94% | -97.53% | -252.85% | -232.77% | -272.95% |
March 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-190,422K ÷ $537,401K
= -35.43%
The net profit margin of CleanSpark Inc. exhibits a highly volatile and fluctuating pattern over the analyzed period. Initially, the company experienced significant losses, with negative net profit margins consistently exceeding -200% from June 2020 through March 2021, indicating that the company's expenses substantially outpaced its revenues during this timeframe. The loss margins gradually decreased in magnitude, approaching closer to profitability by December 2021, when the net profit margin nearly reached zero at -0.19%. This trend continued into early 2022, with marginal losses reported in March (-6.82%) and June (-15.39%).
However, the latter part of 2022 and the first half of 2023 saw a deterioration, with net profit margins plunging further into negative territory, reaching as low as -93.39% in March 2023. Although there was some improvement in December 2023, with the margin turning positive at 16.07%, subsequent quarters demonstrated renewed instability, showing negative margins once again, such as -46.23% in June 2024 and -38.47% in September 2024. Notably, the quarter ending December 2024 marked a substantial turnaround with a positive net profit margin of 16.07%. Nevertheless, the subsequent quarter reverted to a negative figure at -35.43%.
Overall, the trends indicate that the company has historically struggled with profitability, often reporting substantial negative net profit margins, though there have been intermittent periods of near break-even and brief profitability. The recent data suggest some signs of improvement, but the overall pattern underscores significant volatility and ongoing challenges in achieving consistent profitability.
Peer comparison
Mar 31, 2025