Last 48 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 0.28 | — | — | 0.14 | — | 0.22 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.12 | 0.15 | 0.15 | 0.17 | 0.07 | 0.32 | — | — | — | — | — | — | — |
| — | -53.5% | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.05 | 0.08 | 0.06 | 0.06 | 0.03 | 0.10 | — | — | — | — | — | — | — |
| — | -24.0% | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 1.30 | — | 5.07 | 0.68 | — | 0.53 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 2.73 | — | 12.10 | 0.83 | — | 0.57 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CleanSpark, Inc.'s operating margin was -174.7% in Q1 2026, down 146.5 pp QoQ and down 304.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of -38.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 16.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.2% | 47.2% | -15.1% | 54.6% | 53.0% | 56.7% | 8.2% | 56.6% | 69.3% | -0.4% | 13.2% | 31.5% | 48.1% |
| — | -16.7% | -284.0% | -3.5% | -23.6% | +15145.9% | -38.0% | +79.7% | +44.1% | -101.4% | +111.1% | -52.8% | -37.3% | |
| Operating Margin | 41.6% | -174.7% | -28.2% | 123.9% | -76.0% | 129.4% | -73.5% | -239.2% | 122.6% | 38.6% | -131.5% | -34.3% | -41.1% |
| — | -235.1% | +61.6% | +151.8% | -161.9% | +234.8% | +44.1% | -596.6% | +398.4% | +137.2% | +15.3% | +30.4% | -646.2% | |
| Net Margin | 47.6% | -209.0% | -0.4% | 129.6% | -76.4% | 152.1% | -69.6% | -226.9% | 113.4% | 35.1% | -142.6% | -31.3% | -43.4% |
| — | -237.5% | +99.4% | +157.1% | -167.4% | +333.0% | +51.1% | -624.2% | +361.3% | +133.6% | +11.8% | +66.9% | -9338.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.5% | -21.3% | -0.0% | 12.8% | -7.1% | 13.0% | -3.9% | -16.5% | 11.1% | 3.5% | -11.7% | -2.6% | -4.1% |
| — | -263.2% | +98.9% | +177.3% | -163.6% | +274.7% | +66.4% | -524.8% | +372.1% | +149.9% | -7.9% | +65.0% | -9430.5% | |
| ROA | 14.2% | -11.6% | -0.0% | 8.9% | -5.1% | 10.4% | -3.6% | -15.7% | 10.6% | 3.2% | -10.6% | -2.4% | -3.6% |
| — | -211.8% | +99.2% | +157.0% | -148.3% | +226.3% | +65.8% | -553.1% | +391.3% | +151.6% | -8.1% | +65.8% | -8829.8% | |
| ROIC | 9.9% | -10.8% | -1.6% | 6.7% | -4.0% | 7.0% | -3.0% | -12.9% | 8.9% | 2.8% | -7.9% | -2.1% | -2.8% |
| — | -254.7% | +47.7% | +151.9% | -144.5% | +148.8% | +61.4% | -519.6% | +423.9% | +157.1% | -6.2% | +27.4% | -625.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 16.8% YoY to 10.54x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.00 | 0.38 | 0.38 | 0.34 | 0.32 | 0.04 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.05 |
| — | -99.4% | +896.8% | +4394.3% | +3627.4% | +1609.4% | +53.8% | -73.2% | -81.8% | -69.3% | -55.0% | -40.7% | +926.0% | |
| Debt / EBITDA | 1.24 | — | 18.23 | 2.41 | — | 2.35 | — | — | 0.08 | 0.26 | — | 3.06 | 6.19 |
| — | — | — | — | — | +800.8% | — | — | -98.7% | — | — | — | +4063.1% | |
| Current Ratio | 4.18 | 10.54 | 4.18 | 4.37 | 8.67 | 12.67 | 3.75 | 8.94 | 12.50 | 4.29 | 1.38 | 1.41 | 0.80 |
| — | -16.8% | +11.3% | -51.1% | -30.7% | +195.7% | +172.1% | +534.8% | +1468.1% | +741.6% | -7.5% | -4.4% | -57.1% | |
| Quick Ratio | 4.18 | 10.54 | 4.18 | 4.37 | 8.67 | 12.67 | 3.75 | 8.94 | 12.50 | 4.29 | 1.38 | 1.41 | 0.80 |
| — | -16.8% | +11.3% | -51.1% | -30.7% | +195.7% | +172.1% | +534.8% | +1468.1% | +741.6% | -7.5% | -4.4% | -57.1% | |
| Interest Coverage | 28.14 | — | -12.48 | 71.27 | -108.94 | 134.69 | -73.05 | -513.56 | 260.69 | 52.22 | -115.15 | -22.62 | -21.88 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonCleanSpark, Inc.'s current P/E is 0.3x. The average P/E over the last 1 quarters is 0.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CleanSpark, Inc.'s current operating margin is 41.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking CleanSpark, Inc.'s business trajectory between earnings reports.