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ClearSign Technologies Corporation (CLIR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ClearSign Technologies Corporation (CLIR) stock price & volume — 10-year historical chart
ClearSign Technologies Corporation (CLIR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
ClearSign Technologies Corporation (CLIR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 9, 2026 | $0.01vs $0.30+103.3% | $4Mvs $2M+52.6% |
| Q4 2025 | Nov 14, 2025 | $0.03vs $0.04+25.0% | $1Mvs $2M-57.6% |
| Q3 2025 | Aug 14, 2025 | $0.03vs $0.04+25.0% | $133,000vs $644,000-79.3% |
| Q2 2025 | May 21, 2025 | $0.03vs $0.03+0.0% | $401,000vs $644,000-37.7% |
ClearSign Technologies Corporation (CLIR) competitors in Air and Water Treatment Systems — business model, growth, and fundamentals comparison
ClearSign Technologies Corporation (CLIR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ClearSign Technologies Corporation (CLIR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 621K | 540K | 530K | 0 | 0 | 607K | 374K | 2.4M | 3.6M | 2.15M |
| Revenue Growth % | 918.03% | -13.04% | -1.85% | -100% | - | - | -38.39% | 542.51% | 49.65% | -49.7% |
| Cost of Goods Sold | 485K | 380K | 427K | 1K | 279K | 1.06M | 404K | 1.59M | 2.48M | 1.45M |
| COGS % of Revenue | 78.1% | 70.37% | 80.57% | - | - | 174.46% | 108.02% | 66% | 68.91% | - |
| Gross Profit | 136K▲ 0% | 160K▲ 17.6% | 103K▼ 35.6% | -1K▼ 101.0% | -279K▼ 27800.0% | -452K▼ 62.0% | -30K▲ 93.4% | 817K▲ 2823.3% | 1.12M▲ 36.8% | 707K▲ 0% |
| Gross Margin % | 21.9% | 29.63% | 19.43% | - | - | -74.46% | -8.02% | 34% | 31.09% | 32.84% |
| Gross Profit Growth % | 1136.36% | 17.65% | -35.63% | -100.97% | -27800% | -62.01% | 93.36% | 2823.33% | 36.84% | - |
| Operating Expenses | 11.34M | 9.87M | 9.67M | 8.58M | 6.65M | 7.69M | 6.09M | 6.8M | 7.61M | 8.22M |
| OpEx % of Revenue | 1826.25% | 1828.15% | 1825.28% | - | - | 1267.38% | 1627.54% | 282.9% | 211.51% | - |
| Selling, General & Admin | 6.51M | 5.16M | 5.62M | 5.53M | 4.62M | 5.01M | 5.58M | 6.06M | 6.13M | 6.75M |
| SG&A % of Revenue | 1048.31% | 955.56% | 1060.75% | - | - | 825.86% | 1492.51% | 252.14% | 170.61% | - |
| Research & Development | 4.83M | 4.71M | 4.05M | 3.06M | 2.03M | 2.68M | 505K | 739K | 1.47M | 1.46M |
| R&D % of Revenue | 777.94% | 872.59% | 764.53% | - | - | 441.52% | 135.03% | 30.75% | 40.91% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -11.21M▲ 0% | -9.71M▲ 13.3% | -9.57M▲ 1.5% | -8.58M▲ 10.3% | -6.93M▲ 19.2% | -8.14M▼ 17.5% | -6.12M▲ 24.9% | -5.98M▲ 2.2% | -6.49M▼ 8.5% | -7.51M▲ 0% |
| Operating Margin % | -1804.35% | -1798.52% | -1805.85% | - | - | -1341.85% | -1635.56% | -248.9% | -180.42% | -348.86% |
| Operating Income Growth % | -41.09% | 13.32% | 1.45% | 10.32% | 19.24% | -17.5% | 24.9% | 2.22% | -8.48% | - |
| EBITDA | -11M | -9.41M | -9.3M | -8.34M | -6.72M | -7.88M | -5.83M | -5.56M | -6.22M | -7.23M |
| EBITDA Margin % | -1770.85% | -1743.52% | -1754.72% | - | - | -1299.01% | -1557.49% | -231.25% | -172.86% | -335.81% |
| EBITDA Growth % | -42.04% | 14.39% | 1.22% | 10.29% | 19.43% | -17.3% | 26.13% | 4.6% | -11.86% | -29.06% |
| D&A (Non-Cash Add-back) | 208K | 297K | 271K | 240K | 210K | 260K | 292K | 424K | 272K | 281K |
| EBIT | -11.21M | -9.71M | -9.57M | -8.48M | -6.89M | -7.89M | -5.76M | -5.73M | -5.82M | -6.7M |
| Net Interest Income | 32K | 32K | 71K | 101K | 2K | 1K | 83K | 0 | 516K | 585K |
| Interest Income | 32K | 32K | 71K | 101K | 2K | 1K | 83K | 0 | 516K | 585K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 32K | 32K | 71K | 101K | 46K | 253K | 359K | 787K | 1.19M | 1.16M |
| Pretax Income | -11.17M▲ 0% | -9.68M▲ 13.4% | -9.5M▲ 1.9% | -8.48M▲ 10.7% | -6.89M▲ 18.8% | -7.89M▼ 14.6% | -5.76M▲ 27.0% | -5.19M▲ 9.8% | -5.3M▼ 2.0% | -6.35M▲ 0% |
| Pretax Margin % | -1799.19% | -1792.59% | -1792.45% | - | - | -1300.16% | -1539.57% | -216.15% | -147.36% | -294.89% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -11.17M▲ 0% | -9.68M▲ 13.4% | -9.5M▲ 1.9% | -8.38M▲ 11.8% | -6.84M▲ 18.4% | -7.89M▼ 15.4% | -5.76M▲ 27.0% | -5.19M▲ 9.8% | -5.3M▼ 2.0% | -6.35M▲ 0% |
| Net Margin % | -1799.19% | -1792.59% | -1792.45% | - | - | -1299.84% | -1539.57% | -216.15% | -147.36% | -294.89% |
| Net Income Growth % | -41.47% | 13.36% | 1.86% | 11.81% | 18.38% | -15.38% | 27.02% | 9.8% | -2.02% | -24.73% |
| Net Income (Continuing) | -11.17M | -9.68M | -9.5M | -8.48M | -6.89M | -7.89M | -5.76M | -5.19M | -5.3M | -6.35M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 3K | 1K | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.86▲ 0% | -0.63▲ 26.7% | -0.42▲ 33.3% | -0.31▲ 26.2% | -0.25▲ 19.4% | -0.25▲ 0.0% | -0.15▲ 40.0% | -0.13▲ 13.3% | -0.11▲ 15.4% | -0.11▲ 0% |
| EPS Growth % | -36.51% | 26.74% | 33.33% | 26.19% | 19.35% | 0% | 40% | 13.33% | 15.38% | -7.2% |
| EPS (Basic) | -0.86 | -0.63 | -0.42 | -0.31 | -0.25 | -0.25 | -0.15 | -0.13 | -0.11 | - |
| Diluted Shares Outstanding | 12.93M | 15.37M | 22.78M | 26.7M | 27.84M | 31.23M | 35.34M | 38.5M | 48.94M | 55.74M |
| Basic Shares Outstanding | 12.93M | 15.37M | 22.78M | 26.7M | 27.84M | 31.23M | 35.34M | 38.5M | 48.94M | 55.74M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ClearSign Technologies Corporation (CLIR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.9M | 1.8M | 16.41M | 8.98M | 9.38M | 8.02M | 9.73M | 6.51M | 14.85M | 11.75M |
| Cash & Short-Term Investments | 1.26M | 1.25M | 15.87M | 8.55M | 8.82M | 7.61M | 9.06M | 5.68M | 14.04M | 10.49M |
| Cash Only | 1.26M | 1.25M | 8.95M | 8.55M | 8.82M | 7.61M | 6.45M | 5.68M | 14.04M | 10.49M |
| Short-Term Investments | 0 | 0 | 6.92M | 0 | 0 | 0 | 2.61M | 0 | 0 | 0 |
| Accounts Receivable | 103K | 184K | 39K | 39K | 92K | 72K | 99K | 475K | 359K | 838K |
| Days Sales Outstanding | 60.54 | 124.37 | 26.86 | - | - | 43.29 | 96.62 | 72.15 | 36.44 | 75.23 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 577K | 0 | 454K | 420K |
| Total Non-Current Assets | 1.89M | 2.36M | 2.16M | 1.96M | 1.74M | 1.34M | 1.19M | 1.11M | 1.07M | 1M |
| Property, Plant & Equipment | 144K | 508K | 467K | 665K | 427K | 530K | 384K | 275K | 238K | 223K |
| Fixed Asset Turnover | 4.31x | 1.06x | 1.13x | - | - | 1.15x | 0.97x | 8.74x | 15.11x | 9.29x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.74M | 1.86M | 1.69M | 1.28M | 1.3M | 799K | 798K | 836K | 830K | 778K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10K | 0 | 0 | 10K | 10K | 10K | 10K | 0 | 0 | 0 |
| Total Assets | 3.79M▲ 0% | 4.16M▲ 9.9% | 18.57M▲ 346.3% | 10.94M▼ 41.1% | 11.12M▲ 1.6% | 9.36M▼ 15.8% | 10.93M▲ 16.7% | 7.62M▼ 30.3% | 15.92M▲ 108.9% | 12.75M▲ 0% |
| Asset Turnover | 0.16x | 0.13x | 0.03x | - | - | 0.06x | 0.03x | 0.32x | 0.23x | 0.15x |
| Asset Growth % | -73.34% | 9.9% | 346.29% | -41.08% | 1.64% | -15.81% | 16.68% | -30.25% | 108.87% | 182.81% |
| Total Current Liabilities | 1.54M | 1.53M | 1.64M | 1.3M | 1.08M | 731K | 1.15M | 2.26M | 2.04M | 3.58M |
| Accounts Payable | 542K | 587K | 823K | 845K | 435K | 224K | 296K | 256K | 78K | 1.62M |
| Days Payables Outstanding | 407.9 | 563.83 | 703.5 | 308.43K | 569.09 | 77.2 | 267.43 | 58.92 | 11.49 | 278.92 |
| Short-Term Debt | 0 | 159K | 216K | 177K | 169K | 0 | 0 | 0 | 0 | 94K |
| Deferred Revenue (Current) | 115K | -587K | -823K | 50K | 94K | 0 | 247K | 1.04M | 73K | 3.78M |
| Other Current Liabilities | 882K | 629K | 382K | 0 | 0 | 84K | 0 | 181K | 471K | 364K |
| Current Ratio | 1.23x | 1.17x | 10.03x | 6.92x | 8.69x | 10.98x | 8.49x | 2.89x | 7.28x | 7.28x |
| Quick Ratio | 1.23x | 1.17x | 10.03x | 6.92x | 8.69x | 10.98x | 8.49x | 2.89x | 7.28x | 7.28x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -203.7 |
| Total Non-Current Liabilities | 353K | 195K | 91K | 418K | 500K | 350K | 226K | 172K | 113K | 91K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 251K | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 353K | 195K | 91K | 418K | 249K | 350K | 226K | 172K | 113K | 417K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.54M | 1.73M | 1.73M | 1.72M | 1.58M | 1.08M | 1.37M | 2.43M | 2.15M | 3.67M |
| Total Debt | 503K | 354K | 307K | 595K | 669K | 555K | 359K | 243K | 188K | 185K |
| Net Debt | -756K | -893K | -8.64M | -7.96M | -8.15M | -7.05M | -6.09M | -5.44M | -13.85M | -10.3M |
| Debt / Equity | 0.22x | 0.15x | 0.02x | 0.06x | 0.07x | 0.07x | 0.04x | 0.05x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.03x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 1.43x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 2.24M▲ 0% | 2.43M▲ 8.4% | 16.84M▲ 592.5% | 9.23M▼ 45.2% | 9.54M▲ 3.4% | 8.28M▼ 13.2% | 9.55M▲ 15.3% | 5.19M▼ 45.6% | 13.76M▲ 165.1% | 9.08M▲ 0% |
| Equity Growth % | -82.16% | 8.38% | 592.52% | -45.22% | 3.41% | -13.2% | 15.33% | -45.64% | 165.1% | 261.78% |
| Book Value per Share | 0.17 | 0.16 | 0.74 | 0.35 | 0.34 | 0.27 | 0.27 | 0.13 | 0.28 | 0.16 |
| Total Shareholders' Equity | 2.24M | 2.43M | 16.84M | 9.22M | 9.54M | 8.28M | 9.55M | 5.19M | 13.76M | 9.08M |
| Common Stock | 1K | 2K | 3K | 3K | 3K | 3K | 4K | 4K | 5K | 5K |
| Retained Earnings | -40.33M | -50.01M | -59.58M | -67.99M | -74.87M | -82.77M | -88.52M | -93.72M | -99.02M | -104.2M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -876K | -1.14M | -1.37M | 0 | 0 | 9K | -8K | -17K | -21K | -20K |
| Minority Interest | 0 | 0 | 0 | 3K | 1K | 0 | 0 | 0 | 0 | 0 |
ClearSign Technologies Corporation (CLIR) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -8.67M | -8.26M | -8.38M | -6.9M | -5.96M | -6.71M | -4.99M | -3.23M | -4.37M | -4.37M |
| Operating CF Margin % | -1396.46% | -1529.26% | -1581.89% | - | - | -1104.94% | -1334.76% | -134.54% | -121.61% | - |
| Operating CF Growth % | -38.51% | 4.77% | -1.53% | 17.68% | 13.59% | -12.46% | 25.57% | 35.24% | -35.26% | 99.09% |
| Net Income | -11.17M | -9.68M | -9.5M | -8.48M | -6.89M | -7.89M | -5.76M | -5.19M | -5.3M | -6.35M |
| Depreciation & Amortization | 208K | 297K | 271K | 240K | 210K | 448K | 292K | 424K | 272K | 282K |
| Stock-Based Compensation | 645K | 369K | 224K | 685K | 800K | 680K | 373K | 614K | 528K | 182K |
| Deferred Taxes | 1.97M | 0 | 322K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 177K | 342K | 242K | 747K | 17K | 266K | -38K | 7K | 46K | 829K |
| Working Capital Changes | -500K | 414K | 57K | -92K | -105K | -209K | 139K | 916K | 80K | 1.19M |
| Change in Receivables | -103K | 103K | 145K | 0 | -53K | 20K | -27K | -376K | 117K | 61K |
| Change in Inventory | -1.01M | -15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 260K | 13K | 312K | 0 | 0 | -393K | -125K | -57K | 816K | -269K |
| Cash from Investing | -1.05M | -421K | -7.42M | 6.5M | -194K | -213K | -2.69M | 2.49M | -218K | -119K |
| Capital Expenditures | -1.05M | -421K | -502K | -20K | -17K | -73K | -10K | -200K | -39K | -58K |
| CapEx % of Revenue | 169.73% | 77.96% | 94.72% | - | - | 12.03% | 2.67% | 8.32% | 1.08% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -917K | -327K | -7.33M | -398K | -177K | -140K | -115K | 5K | -179K | -61K |
| Cash from Financing | 194K | 8.67M | 23.51M | 0 | 6.43M | 5.69M | 6.54M | -15K | 12.95M | -7K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 251K | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 49K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -194K | 0 | 0 | 0 | 126K | 385K | 0 | -15K | -21K | -56K |
| Net Change in Cash | -9.73M▲ 0% | -12K▲ 99.9% | 7.7M▲ 64283.3% | -397K▼ 105.2% | 272K▲ 168.5% | -1.22M▼ 547.4% | -1.16M▲ 5.0% | -767K▲ 33.7% | 8.35M▲ 1188.8% | -4M▲ 0% |
| Free Cash Flow | -9.73M▲ 0% | -8.68M▲ 10.8% | -8.89M▼ 2.4% | -7.32M▲ 17.6% | -6.16M▲ 15.9% | -6.92M▼ 12.4% | -5.16M▲ 25.5% | -3.43M▲ 33.4% | -4.59M▼ 33.7% | -3.92M▲ 0% |
| FCF Margin % | -1566.18% | -1607.22% | -1676.6% | - | - | -1140.03% | -1378.61% | -142.86% | -127.67% | -182.3% |
| FCF Growth % | -31.03% | 10.76% | -2.39% | 17.62% | 15.87% | -12.37% | 25.49% | 33.42% | -33.73% | 28.89% |
| FCF per Share | -0.75 | -0.56 | -0.39 | -0.27 | -0.22 | -0.22 | -0.15 | -0.09 | -0.09 | -0.09 |
| FCF Conversion (FCF/Net Income) | 0.78x | 0.85x | 0.88x | 0.82x | 0.87x | 0.85x | 0.87x | 0.62x | 0.83x | 0.62x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ClearSign Technologies Corporation (CLIR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -150.76% | -414.03% | -98.58% | -64.28% | -72.87% | -88.54% | -64.57% | -70.46% | -55.91% | -69.94% |
| Return on Invested Capital (ROIC) | -545.52% | -481.27% | -147.41% | -135.96% | -391.64% | -467.03% | -195.64% | -279.4% | - | 611.48% |
| Gross Margin | 21.9% | 29.63% | 19.43% | - | - | -74.46% | -8.02% | 34% | 31.09% | 32.84% |
| Net Margin | -1799.19% | -1792.59% | -1792.45% | - | - | -1299.84% | -1539.57% | -216.15% | -147.36% | -294.89% |
| Debt / Equity | 0.22x | 0.15x | 0.02x | 0.06x | 0.07x | 0.07x | 0.04x | 0.05x | 0.01x | 0.01x |
| FCF Conversion | 0.78x | 0.85x | 0.88x | 0.82x | 0.87x | 0.85x | 0.87x | 0.62x | 0.83x | 0.62x |
| Revenue Growth | 918.03% | -13.04% | -1.85% | -100% | - | - | -38.39% | 542.51% | 49.65% | -49.7% |
ClearSign Technologies Corporation (CLIR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 10, 2026·SEC
Mar 30, 2026·SEC
Mar 10, 2026·SEC
ClearSign Technologies Corporation (CLIR) stock FAQ — growth, dividends, profitability & financials explained
ClearSign Technologies Corporation (CLIR) reported $2.2M in revenue for fiscal year 2024.
ClearSign Technologies Corporation (CLIR) grew revenue by 49.6% over the past year. This is strong growth.
ClearSign Technologies Corporation (CLIR) reported a net loss of $6.3M for fiscal year 2024.
ClearSign Technologies Corporation (CLIR) has a return on equity (ROE) of -55.9%. Negative ROE indicates the company is unprofitable.
ClearSign Technologies Corporation (CLIR) had negative free cash flow of $3.9M in fiscal year 2024, likely due to heavy capital investments.
ClearSign Technologies Corporation (CLIR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates