Aureus
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CleanSpark, Inc.(CLSK)

F

Financial data as of Sep 30, 2025Declining · Crypto Related

FCF Margin-133.6%Free Cash Flow / Revenue
Cash Conversion-126.5%Operating CF / Net Income
Free Cash Flow-$1.0B
Revenue$766.3M
Net Cash-$781.5MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio4.18Adequate short-term liquidity
YoY FCF Growth-12.0%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 4 of last 4 quarters
→
-0.5FCF trend declining (-12.0% YoY)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Strong liquidity (current ratio: 4.18)

Concerns

  • Negative FCF margin (-133.6%)
  • Net debt position ($0.8B)
  • Only 0 positive FCF quarters recently
  • Significant FCF decline (-12.0% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-133.6%
Net Margin47.6%
Operating CF Margin-60.2%
CapEx Ratio73.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$781.5MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio4.18Strong liquidity
Debt / Equity0.38Low leverage

Quarterly FCF Trend

-12.0% YoYDeclining (-12.0%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameCleanSpark, Inc.
SectorCrypto Related
Free Cash Flow-$1.0B
Revenue$766.3M
Net Income$364.5M
Operating Cash Flow-$461.0M
Capital Expenditure$562.9M
FCF Margin-133.6%
Cash Conversion Rate-126.5%
Net Margin47.6%
Total Debt$824.4M
Total Cash$43.0M
Net Cash-$781.5M
Current Ratio4.18
Debt / Equity0.38
Debt / FCFN/A
YoY FCF Growth-12.0%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateSep 30, 2025
GradeF
Data SourceYahoo Finance