CLEANSPARK, Inc. (CLSKW) intrinsic value & 10-year financials
CLEANSPARK, Inc. (CLSKW) has a Graham intrinsic value of $38.10 per share. Over the last 10 fiscal years revenue grew 176.2% a year to $766.3M, with an average return on invested capital of -67.3%.
- Graham intrinsic value
- $38.10
- Revenue (FY2025)
- $766.3M
- Revenue growth (10-yr CAGR)
- 176.2%
- ROIC (10-yr avg)
- -67.3%
- Free cash flow (FY2025)
- -$605.7M
CLSKW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $766.3M | $364.5M | — | -$605.7M | 41.6% | 13.0% |
| FY2024 | $379.0M | -$145.8M | — | -$299.8M | -39.3% | -12.9% |
| FY2023 | $168.4M | -$136.6M | -$1.30 | -$91.9M | -77.8% | -24.8% |
| FY2022 | $131.5M | -$57.3M | — | $52.2M | -28.8% | -11.0% |
| FY2021 | $49.4M | -$21.8M | — | -$174.7M | -57.8% | -18.9% |
| FY2020 | $8.6M | -$23.3M | — | -$6.7M | -175.7% | -167.2% |
| FY2019 | $3.8M | -$26.1M | — | -$5.8M | -442.7% | -174.4% |
| FY2018 | $578.6K | -$47.0M | — | -$1.3M | -1222.9% | -259.0% |
| FY2017 | $448.0K | -$13.5M | — | -$1.4M | -1074.7% | -11.8% |
| FY2016 | $82.0K | -$2.5M | — | -$447.8K | -3097.9% | -5.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CLEANSPARK, INC. is a consistent compounder, expanding top-line revenue at 176.2% annually over the past decade.
CLEANSPARK, INC. has historically struggled to out-earn its cost of capital, averaging just -8.1% ROIC.
CLEANSPARK, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CLEANSPARK, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $38.10 per share.