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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 182M | 12% |
| Gross Profit | 96M | 35.3% |
| Cost of Revenue | 85M | 6.3% |
| Operating expense | 234M | 268.8% |
| Net Income | -139M | 156.2% |
| EBITDA | -64M | 119.8% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 2.66B | 4.4% |
| Total Liabilities | 767M | 1.2% |
| Total Equity | 1.89B | 6.5% |
| Shares Outstanding | 281M | 5.7% |
Cash Flow (USD)
| Q1 '25 | QoQ |
|---|
EPS
Financial Highlights for Cleanspark in Q1 '25
Cleanspark reported a revenue of 182M, which is a 12% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 96M, marking a 35.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 85M, a -6.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 234M, showing a 268.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -139M, showing a -156.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -64M, showing a -119.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Cleanspark faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
