CleanSpark, Inc. (CLSK) Key Metrics
CLSK valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.16B
- Enterprise value
- $4.42B
- P/E (TTM)
- —
- Forward P/E
- 30.5
- PEG ratio
- —
- Price / sales
- 3.2 10-yr median 5.3
- Price / book
- 4.9 10-yr median 1.2
- EV / EBITDA
- 29.8
- Dividend yield
- —
- Beta
- 3.84
CLSK key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsCLSK valuation Price multiples at each fiscal year-end price.
CLSK returns How much profit the business earns on the capital it uses.
CLSK per-share figures Results divided by the shares outstanding at year-end.
CLSK financial health Debt, liquidity and how easily interest is covered.
CLSK efficiency & capital use Working capital cycle and where the cash goes.
CLSK valuation history
CLSK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CLSK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CLSK cash returned to shareholders
CLSK price vs earnings per share
CLSK key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.61B | $2.03B | $391.3M | — | — | — | — | — | — | — |
| Enterprise value | $4.42B | $1.54B | $321.9M | — | — | — | — | — | — | — |
| P/E ratio | 12.6 | — | — | — | — | — | — | — | — | — |
| Price / sales | 6.0 | 5.3 | 2.3 | — | — | — | — | — | — | — |
| Price / book | 2.1 | 1.2 | 0.6 | — | — | — | — | — | — | — |
| EV / sales | 5.8 | 4.1 | 1.9 | — | — | — | — | — | — | — |
| EV / EBITDA | 5.8 | 105.2 | — | — | — | — | — | — | — | — |
| Earnings yield | 7.9% | −7.2% | −35.3% | — | — | — | — | — | — | — |
| Free cash flow yield | −22.2% | −51.3% | −85.0% | — | — | — | — | — | — | — |
| Dividend yield | 0.2% | 0.2% | 0.0% | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.4% | 0.2% | 0.0% | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $14.50 | $9.34 | $3.81 | $3.18 | $11.59 | $12.49 | $8.50 | $59.00 | $34.50 | — |
| Per share | ||||||||||
| Revenue per share | $2.41 | $1.75 | $1.64 | — | — | — | — | — | — | — |
| Earnings per share | $1.15 | −$0.67 | −$1.35 | — | — | — | — | — | — | — |
| Operating cash flow per share | −$1.45 | −$1.08 | −$0.30 | — | — | — | — | — | — | — |
| Free cash flow per share | −$3.22 | −$4.80 | −$3.24 | — | — | — | — | — | — | — |
| Cash per share | $3.18 | $2.55 | $0.84 | — | — | — | — | — | — | — |
| Book value per share | $6.85 | $8.12 | $6.58 | — | — | — | — | — | — | — |
| Tangible book value per share | $6.41 | $8.07 | $6.46 | — | — | — | — | — | — | — |
| Dividends per share | $0.03 | $0.02 | $0.00 | — | — | — | — | — | — | — |
| Capex per share | $1.77 | $3.72 | $2.94 | — | — | — | — | — | — | — |
| Debt per share | $2.59 | $0.31 | $0.16 | — | — | — | — | — | — | — |
| Shares outstanding | 317.8M | 216.9M | 102.7M | — | — | — | — | — | — | — |
| Change in shares outstanding | +46.5% | +111.1% | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.5% | −12.0% | −25.6% | −16.2% | −13.5% | −132.2% | −149.5% | −258.3% | −50.9% | −15.2% |
| Return on invested capital (ROIC) | 17.7% | −12.5% | −20.7% | −9.0% | −6.7% | −88.4% | −85.1% | −30.0% | −40.1% | −12.2% |
| Return on assets (ROA) | 14.2% | −10.7% | −22.8% | −14.9% | −12.8% | −102.0% | −127.4% | −245.2% | −50.2% | −15.0% |
| Return on tangible assets | 12.0% | −7.5% | −18.4% | −12.8% | −7.3% | −277.6% | −260.4% | — | — | −42.7% |
| Free cash flow margin | −133.6% | −274.4% | −197.6% | −90.7% | −672.0% | −67.4% | −140.6% | −290.3% | −333.8% | −559.6% |
| Income quality (OCF / net income) | −1.26 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $824.4M | $67.0M | $16.7M | $22.2M | $1.5M | $572,463 | $3.1M | $1.1M | $231,045 | $2,261 |
| Cash & short-term investments | $1.01B | $553.8M | $86.2M | $32.2M | $38.9M | $4.1M | $7.8M | $412,777 | $57,128 | $436,529 |
| Net debt | −$185.4M | −$486.8M | −$69.4M | −$10.0M | −$37.4M | −$3.5M | −$4.7M | $646,713 | $173,917 | −$434,268 |
| Debt / equity | 0.38 | 0.04 | 0.02 | 0.05 | 0.01 | 0.03 | 0.16 | 0.07 | 0.01 | 0.00 |
| Debt / assets | 0.26 | 0.03 | 0.02 | 0.05 | 0.00 | 0.03 | 0.13 | 0.06 | 0.01 | 0.00 |
| Net debt / EBITDA | −0.24 | −33.28 | — | −1.00 | −29.83 | — | — | — | — | — |
| Current ratio | 4.18 | 3.75 | 1.38 | 1.49 | 5.74 | 1.53 | 6.58 | 0.41 | 0.43 | 1.69 |
| Quick ratio | 4.18 | 3.75 | 1.37 | 1.49 | 5.73 | 1.49 | — | 0.41 | 0.43 | 1.69 |
| Interest coverage | 28.1 | -60.7 | -44.0 | -35.1 | -81.6 | -1.4 | -1.8 | -7.7 | — | — |
| Working capital | $1.00B | $517.5M | $28.1M | $16.7M | $47.7M | $2.9M | $8.4M | −$801,207 | −$172,660 | $246,945 |
| Invested capital | $1.99B | $1.27B | $606.2M | $394.0M | $268.3M | $12.9M | $14.2M | $16.7M | $20.5M | $32.2M |
| Tangible asset value | $2.04B | $1.75B | $663.0M | $397.5M | $285.4M | $2.5M | $5.5M | −$864,476 | −$191,477 | $5.6M |
| Net current asset value | $311.5M | $503.6M | $16.3M | $2.2M | $46.0M | $2.3M | $5.3M | −$951,207 | −$322,660 | $246,945 |
| Graham number | $13.29 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | $0.70 | $2.11 | $0.08 | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $10.7M | $3.4M | $21,000 | $314,610 | $177,502 | $177,502 | $177,502 | $177,502 | $0 | $0 |
| Share buybacks (net) | $145.0M | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 2.9% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 73.5% | 212.8% | 179.5% | 145.0% | 581.8% | 1.2% | 14.9% | 72.5% | 29.8% | 25.4% |
| Capex / operating cash flow | — | — | — | 266.9% | — | — | — | — | — | — |
| Capex / depreciation | 1.62 | 5.22 | 2.50 | 3.89 | 18.67 | 0.04 | 0.20 | 0.19 | 0.04 | 0.04 |
| Stock-based compensation / revenue | 5.9% | 7.8% | 14.3% | 23.9% | 21.8% | 20.5% | 44.0% | 259.6% | 30.3% | 1,883.4% |
| R&D / revenue | — | — | — | — | — | 1.6% | 32.1% | 239.0% | 0.1% | 2.2% |
| SG&A / revenue | 8.7% | 31.2% | 46.1% | 44.0% | 31.2% | 143.9% | 186.5% | 823.3% | 367.6% | 2,452.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 103.5 | 72.1 | 10.4 | 0.5 | 5.4 | 30.9 | 37.1 | 40.5 | 62.0 | 245.0 |
| Days of inventory on hand | — | — | 1.3 | 0.7 | 2.3 | -29,251,111.6 | -59,908,901.0 | — | — | 0.0 |
| Days payables outstanding | 40.0 | 93.6 | 84.6 | 70.3 | 79.4 | 124.1 | 46.3 | 128.4 | 267.6 | 2,014.8 |
| Cash conversion cycle (days) | 63.5 | -21.5 | -72.8 | -69.2 | -71.7 | -29,251,204.8 | -59,908,910.3 | -87.9 | -205.6 | -1,769.8 |
| Receivables turnover | 3.53 | 5.07 | 35.02 | 787.42 | 67.10 | 11.81 | 9.84 | 9.00 | 5.89 | 1.49 |
| Payables turnover | 9.12 | 3.90 | 4.32 | 5.19 | 4.60 | 2.94 | 7.88 | 2.84 | 1.36 | 0.18 |
| Inventory turnover | — | — | 271.79 | 555.45 | 161.59 | — | — | — | — | 62,528.00 |
| Asset turnover | 0.30 | 0.28 | 0.28 | 0.34 | 0.23 | 0.44 | 0.22 | 0.03 | 0.02 | 0.00 |
| Average receivables | $217.3M | $74.8M | $4.8M | $167,034 | $585,480 | $849,344 | $460,686 | $64,264 | $76,031 | $55,058 |
| Average payables | $49.1M | $61.4M | $32.3M | $15.8M | $5.8M | $2.7M | $490,240 | $137,474 | $217,206 | $172,577 |
| Average inventory | — | — | $512,500 | $147,905 | $163,655 | −$633.74B | −$633.74B | $0 | $0 | $0 |
| Intangibles / total assets | 4.3% | 0.6% | 1.7% | 1.4% | 6.4% | 62.4% | 57.2% | 96.4% | 98.8% | 82.0% |
Computed from CLSK's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CLSK valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), CleanSpark traded at 12.6 times earnings. CleanSpark earned a return on equity of 18.5% and a return on invested capital of 17.7% in fiscal 2025. It ended the year with $824.4 million of debt and $1.0 billion in cash and short-term investments, a net cash position of $185.4 million. It returned $155.7 million to shareholders: $10.7 million in dividends and $145.0 million in share buybacks.
See the CLSK income statement, the CLSK chart for price history, or the CLSK stock overview for the latest quote and news.
CLSK key metrics FAQ
What is CleanSpark's P/E ratio?
CleanSpark traded at 12.6 times earnings at the end of fiscal 2025.
What is CleanSpark's EV/EBITDA?
CleanSpark's enterprise value was 5.8 times EBITDA at the end of fiscal 2025 (enterprise value $4.4 billion, EBITDA $763.2 million); the current EV/EBITDA is 29.8.
What is CleanSpark's return on equity?
CleanSpark's return on equity (ROE) was 18.5% in fiscal 2025: net income of $364.5 million on average shareholders' equity of $2.0 billion.
What is CleanSpark's ROIC?
CleanSpark's return on invested capital was 17.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CleanSpark have?
CleanSpark had total debt of $824.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.38 and more cash than debt.
What is CleanSpark's dividend yield?
CleanSpark paid $10.7 million in dividends in fiscal 2025 ($0.03 per share), a payout ratio of 2.9%.
Does CleanSpark buy back its shares?
Yes. CleanSpark spent $145.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +46.5% over the year, to 317.8M..
What is CleanSpark's free cash flow yield?
CleanSpark generated -$1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −22.2% on its market value at year-end ($4.6 billion).
What is CleanSpark's current ratio?
CleanSpark's current ratio was 4.18 at the end of fiscal 2025: current assets were 4.18 times current liabilities.