Clearfield, Inc. (CLFD) Income Statement
CLFD FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsCLFD revenue and net income
Where CLFD's revenue goes
FY2025Each bar shows an amount and its share of revenue. CLFD kept −5.4% of revenue as net income.
CLFD profit margins
CLFD growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.9% | −17.9% | +10.0% | +9.5% |
| Gross profit | +74.9% | −23.5% | +5.9% | +7.3% |
| Operating income | — | −67.9% | −24.1% | −11.3% |
| Net income | — | — | — | — |
| EPS (diluted) | — | −61.7% | −17.7% | −5.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CLFD quarterly EPS vs estimates
Clearfield beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 24, 2026 (estimate $0.06).
CLFD income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.1M | $166.7M | $225.7M | $270.9M | $140.8M | $93.1M | $85.0M | $77.7M | $73.9M | $75.3M |
| Cost of revenue | $99.6M | $137.8M | $145.9M | $157.9M | $79.6M | $55.2M | $52.3M | $46.7M | $43.7M | $42.4M |
| Gross profit | $50.5M | $28.9M | $79.9M | $112.9M | $61.2M | $37.9M | $32.7M | $31.0M | $30.3M | $32.9M |
| Research & development | $2.4M | $3.0M | $3.1M | $895,000 | $1.2M | $1.3M | $1.1M | $787,364 | $865,568 | $838,122 |
| Sales, general & admin | $48.4M | $52.1M | $48.0M | $49.1M | $35.9M | $29.5M | $27.5M | $25.9M | $25.0M | $22.1M |
| Total operating expenses | $48.4M | $52.1M | $42.3M | $49.1M | $35.9M | $29.5M | $27.5M | $25.9M | $25.0M | $22.1M |
| Operating income | $2.1M | −$23.2M | $37.6M | $63.8M | $25.2M | $8.4M | $5.2M | $5.1M | $5.3M | $10.7M |
| Interest income | — | — | — | — | $500,120 | $770,950 | $738,459 | $457,101 | $273,930 | $157,402 |
| Interest expense | $0 | $506,000 | $170,000 | $311,000 | $500,120 | $770,950 | $738,459 | $457,101 | $273,930 | $157,402 |
| Income before taxes | $8.7M | −$16.3M | $42.6M | $63.8M | $25.7M | $9.2M | $5.9M | $5.5M | $5.6M | $10.9M |
| Income taxes | $2.4M | −$3.8M | $8.9M | $14.5M | $5.4M | $1.9M | $1.4M | $1.3M | $1.7M | $2.9M |
| Net income | −$8.1M | −$12.5M | $32.5M | $49.4M | $20.3M | $7.3M | $4.6M | $4.3M | $3.8M | $8.0M |
| EBITDA | $14.8M | −$8.3M | $48.8M | $67.2M | $28.0M | $11.6M | $8.1M | $7.1M | $6.9M | $12.2M |
| EPS (diluted) | $0.20 | −$0.85 | $2.17 | $3.55 | $1.47 | $0.53 | $0.36 | $0.38 | $0.28 | $0.57 |
| Gross margin | 33.7% | 17.3% | 35.4% | 41.7% | 43.5% | 40.7% | 38.4% | 39.9% | 40.9% | 43.7% |
| Operating margin | 1.4% | −13.9% | 16.6% | 23.6% | 17.9% | 9.0% | 6.1% | 6.5% | 7.2% | 14.3% |
| Net margin | −5.4% | −7.5% | 14.4% | 18.2% | 14.4% | 7.8% | 5.4% | 5.5% | 5.2% | 10.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.9M | $34.4M | $34.3M | $17.6M | $49.9M | $47.2M | $35.5M | $46.8M | $48.8M | $36.9M | $34.2M | $49.7M |
| Cost of revenue | $29.9M | $23.2M | $23.0M | $4.7M | $34.7M | $33.0M | $27.3M | $36.1M | $38.1M | $34.1M | $29.5M | $37.7M |
| Gross profit | $13.9M | $11.2M | $11.4M | $12.9M | $15.2M | $14.2M | $8.2M | $10.7M | $10.7M | $2.8M | $4.7M | $12.0M |
| Research & development | — | — | — | — | — | — | — | $3.0M | — | — | — | $3.1M |
| Sales, general & admin | $11.4M | $13.2M | $13.2M | $8.6M | $13.7M | $13.9M | $12.2M | $13.7M | $13.0M | $12.6M | $12.9M | $10.3M |
| Total operating expenses | $11.4M | $13.2M | $13.2M | $8.6M | $13.7M | $13.9M | $12.2M | $13.7M | $13.0M | $12.6M | $12.9M | $10.3M |
| Operating income | $2.6M | −$2.1M | −$1.8M | $4.3M | $1.5M | $262,000 | −$4.0M | −$3.0M | −$2.3M | −$9.7M | −$8.2M | $1.7M |
| Interest expense | — | — | — | $275,000 | $106,000 | $69,000 | $100,000 | $125,000 | $153,000 | $102,000 | $126,000 | $330,000 |
| Income before taxes | $3.9M | −$704,000 | −$278,000 | $6.2M | $3.0M | $1.8M | −$2.3M | −$1.3M | −$724,000 | −$8.0M | −$6.2M | $3.3M |
| Income taxes | $934,000 | −$176,000 | −$1,000 | $956,000 | $1.4M | $455,000 | −$426,000 | −$492,000 | −$277,000 | −$2.1M | −$951,000 | $568,000 |
| Net income | $3.0M | −$528,000 | −$614,000 | −$9.1M | $1.6M | $1.3M | −$1.9M | −$827,000 | −$447,000 | −$5.9M | −$5.3M | $2.7M |
| EBITDA | $5.5M | $871,000 | $1.3M | $6.6M | $5.1M | $3.4M | −$3.98B | $736,000 | $1.3M | −$6.0M | −$4.4M | $5.2M |
| EPS (diluted) | $0.22 | −$0.04 | −$0.02 | $0.13 | $0.11 | $0.09 | −$0.13 | −$0.06 | −$0.04 | −$0.40 | −$0.35 | $0.17 |
| Gross margin | 31.8% | 32.5% | 33.2% | 73.5% | 30.5% | 30.1% | 23.1% | 22.8% | 21.9% | 7.7% | 13.7% | 24.1% |
| Operating margin | 5.9% | −6.0% | −5.3% | 24.6% | 3.0% | 0.6% | −11.2% | −6.4% | −4.7% | −26.4% | −23.8% | 3.5% |
| Net margin | 6.8% | −1.5% | −1.8% | −51.6% | 3.2% | 2.8% | −5.4% | −1.8% | −0.9% | −16.0% | −15.4% | 5.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CLFD's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CLFD financial results
In fiscal year 2025 (ended September 30, 2025), Clearfield reported revenue of $150.1 million, down 9.9% from the year before. It had a net loss of $8.1 million, a net profit margin of −5.4%. Diluted earnings per share came to $0.20. Over five years revenue grew at an average rate of 10.0% a year.
See the CLFD stock overview for the latest quote and news, or the CLFD chart for price history and technical indicators.
CLFD income statement FAQ
What is Clearfield's annual revenue?
Clearfield reported total revenue of $150.1 million for fiscal year 2025, which ended on September 30, 2025. That was down 9.9% from $166.7 million the previous year.
Is Clearfield profitable?
No. Clearfield reported a net loss of $8.1 million in fiscal 2025, a net profit margin of −5.4%; its operating margin was 1.4%.
What is Clearfield's gross margin?
Clearfield's gross margin was 33.7% in fiscal 2025: for every $100 of revenue, Clearfield kept $34 after the direct cost of its products and services.
How much does Clearfield spend on research and development?
Clearfield spent $2.4 million on research and development in fiscal 2025, 1.6% of revenue.
How fast is Clearfield growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from $93.1 million to $150.1 million.
What are Clearfield's earnings per share?
Clearfield earned $0.20 per diluted share in fiscal 2025, compared with $-0.85 a year earlier.
When will Clearfield report its next earnings?
Clearfield is expected to report results for the quarter ending September 30, 2026 on November 24, 2026 after the market closes.
When does Clearfield's fiscal year end?
Clearfield's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.