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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $172.5M, roughly 1.1× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -209.0%, a 212.6% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs -7.9%).
CleanSpark, Inc. is a U.S.-headquartered sustainable technology company operating two core business segments: low-carbon Bitcoin mining powered primarily by renewable and stranded energy resources, and end-to-end microgrid design, deployment, and operation services for commercial, industrial, and public sector clients across North America.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
CLSK vs DFIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $172.5M |
| Net Profit | $-378.7M | $6.2M |
| Gross Margin | 47.2% | — |
| Operating Margin | -174.7% | 8.3% |
| Net Margin | -209.0% | 3.6% |
| Revenue YoY | 11.6% | 10.4% |
| Net Profit YoY | -253.5% | -1.6% |
| EPS (diluted) | — | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $181.2M | $172.5M | ||
| Q3 25 | — | $175.3M | ||
| Q2 25 | — | $218.1M | ||
| Q1 25 | — | $201.1M | ||
| Q4 24 | — | $156.3M | ||
| Q3 24 | $89.3M | $179.5M | ||
| Q2 24 | $104.1M | $242.7M | ||
| Q1 24 | $111.8M | $203.4M |
| Q4 25 | $-378.7M | $6.2M | ||
| Q3 25 | — | $-40.9M | ||
| Q2 25 | — | $36.1M | ||
| Q1 25 | — | $31.0M | ||
| Q4 24 | — | $6.3M | ||
| Q3 24 | $-62.2M | $8.7M | ||
| Q2 24 | $-236.2M | $44.1M | ||
| Q1 24 | $126.7M | $33.3M |
| Q4 25 | 47.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 69.3% | — |
| Q4 25 | -174.7% | 8.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | -73.5% | 10.1% | ||
| Q2 24 | -239.2% | 26.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | -209.0% | 3.6% | ||
| Q3 25 | — | -23.3% | ||
| Q2 25 | — | 16.6% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | -69.6% | 4.8% | ||
| Q2 24 | -226.9% | 18.2% | ||
| Q1 24 | 113.4% | 16.4% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | — | $-1.49 | ||
| Q2 25 | — | $1.28 | ||
| Q1 25 | — | $1.05 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.29 | ||
| Q2 24 | — | $1.47 | ||
| Q1 24 | — | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $458.1M | $24.5M |
| Total DebtLower is stronger | $1.8B | $171.3M |
| Stockholders' EquityBook value | $1.4B | $379.2M |
| Total Assets | $3.3B | $800.4M |
| Debt / EquityLower = less leverage | 1.29× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $24.5M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $33.8M | ||
| Q1 25 | — | $16.2M | ||
| Q4 24 | — | $57.3M | ||
| Q3 24 | $121.2M | $33.6M | ||
| Q2 24 | $126.1M | $35.0M | ||
| Q1 24 | — | $43.7M |
| Q4 25 | $1.8B | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $1.4B | $379.2M | ||
| Q3 25 | — | $423.1M | ||
| Q2 25 | — | $432.1M | ||
| Q1 25 | — | $419.9M | ||
| Q4 24 | — | $436.1M | ||
| Q3 24 | $1.8B | $444.5M | ||
| Q2 24 | $1.4B | $441.5M | ||
| Q1 24 | $1.5B | $408.9M |
| Q4 25 | $3.3B | $800.4M | ||
| Q3 25 | — | $816.3M | ||
| Q2 25 | — | $874.7M | ||
| Q1 25 | — | $852.8M | ||
| Q4 24 | — | $841.6M | ||
| Q3 24 | $2.0B | $843.6M | ||
| Q2 24 | $1.5B | $882.9M | ||
| Q1 24 | $1.5B | $867.8M |
| Q4 25 | 1.29× | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-161.1M | $59.8M |
| Free Cash FlowOCF − Capex | $-198.1M | $47.9M |
| FCF MarginFCF / Revenue | -109.3% | 27.8% |
| Capex IntensityCapex / Revenue | 20.4% | 6.9% |
| Cash ConversionOCF / Net Profit | — | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $59.8M | ||
| Q3 25 | — | $74.4M | ||
| Q2 25 | — | $68.4M | ||
| Q1 25 | — | $-37.7M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | $-233.7M | $86.4M | ||
| Q2 24 | $-58.4M | $56.2M | ||
| Q1 24 | $-44.8M | $-27.9M |
| Q4 25 | $-198.1M | $47.9M | ||
| Q3 25 | — | $59.2M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $-51.0M | ||
| Q4 24 | — | $41.3M | ||
| Q3 24 | $-299.8M | $67.3M | ||
| Q2 24 | $-68.7M | $36.8M | ||
| Q1 24 | $-60.3M | $-40.2M |
| Q4 25 | -109.3% | 27.8% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | -25.4% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | -335.8% | 37.5% | ||
| Q2 24 | -66.0% | 15.2% | ||
| Q1 24 | -54.0% | -19.8% |
| Q4 25 | 20.4% | 6.9% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | 74.0% | 10.6% | ||
| Q2 24 | 9.9% | 8.0% | ||
| Q1 24 | 13.8% | 6.0% |
| Q4 25 | — | 9.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | — | 9.93× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | -0.35× | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
