CleanSpark, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $766.3M | $379.0M | $168.4M | $131.5M | $39.3M | $10.0M | $4.5M | $578.6K |
| Cost of Revenue | $343.1M | $165.5M | $93.6M | $41.2M | $5.3M | $7.9M | $3.9M | $390.8K |
| Gross Profit | $423.2M | $213.5M | $74.8M | $90.3M | $34.0M | $2.1M | $671.7K | $187.9K |
| Gross Margin | 55.2% | 56.3% | 44.4% | 68.6% | 86.6% | 21.1% | 14.8% | 32.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | $7.2K |
| SG&A Expense | $52.6M | $30.2M | $20.8M | $10.4M | $5.7M | $1.1M | $917.3K | $279.7K |
| Operating Income | $318.9M | $-149.0M | $-131.0M | $-37.9M | $-11.9M | $-15.1M | $-16.6M | $-7.1M |
| Operating Margin | 41.6% | -39.3% | -77.8% | -28.8% | -30.3% | -151.0% | -366.5% | -1,222.9% |
| Interest Expense | $11.3M | $2.5M | $3.0M | $1.1M | $145.7K | $10.8M | $9.5M | $924.5K |
| Pretax Income | $364.5M | $-145.8M | $-133.7M | $-40.1M | $-8.2M | — | — | — |
| Income Tax Expense | $39.1M | $3.3M | $2.4M | $0 | $0 | — | — | — |
| Net Income | $364.5M | $-145.8M | $-138.1M | $-57.3M | $-21.8M | $-23.3M | $-26.1M | $-47.0M |
| Net Margin | 47.6% | -38.5% | -82.0% | -43.6% | -55.5% | -232.8% | -576.2% | -8,123.6% |
| EPS (Basic) | $1.25 | $-0.69 | $-0.65 | $-0.24 | $-0.19 | $-0.20 | $-0.26 | $-0.57 |
| EPS (Diluted) | $1.12 | $-0.69 | $-0.65 | $-0.24 | $-0.19 | $-0.20 | $-0.26 | — |
| Shares Outstanding (Basic) | 282.2M | 216.9M | 205.4M | 170.5M | 117.8M | 114.6M | 100.3M | 82.8M |
| Shares Outstanding (Diluted) | 317.8M | 216.9M | 205.4M | 170.5M | 117.8M | 114.6M | 100.3M | 82.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |