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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $181.2M, roughly 1.7× CLEANSPARK, INC.). loanDepot, Inc. runs the higher net margin — -7.2% vs -209.0%, a 201.8% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 11.6%). CLEANSPARK, INC. produced more free cash flow last quarter ($-198.1M vs $-648.0M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 18.0%).
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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
CLSK vs LDI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $310.3M |
| Net Profit | $-378.7M | $-22.5M |
| Gross Margin | 47.2% | — |
| Operating Margin | -174.7% | -10.3% |
| Net Margin | -209.0% | -7.2% |
| Revenue YoY | 11.6% | 20.5% |
| Net Profit YoY | -253.5% | 32.4% |
| EPS (diluted) | — | — |
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 | $310.3M | ||
| Q3 25 | — | $323.3M | ||
| Q2 25 | — | $282.5M | ||
| Q1 25 | — | $273.6M | ||
| Q4 24 | — | $257.5M | ||
| Q3 24 | $89.3M | $314.6M | ||
| Q2 24 | $104.1M | $265.4M | ||
| Q1 24 | $111.8M | $222.8M |
| Q4 25 | $-378.7M | $-22.5M | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $-13.4M | ||
| Q1 25 | — | $-21.9M | ||
| Q4 24 | — | $-33.2M | ||
| Q3 24 | $-62.2M | $1.4M | ||
| Q2 24 | $-236.2M | $-32.2M | ||
| Q1 24 | $126.7M | $-34.3M |
| 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% | -10.3% | ||
| Q3 25 | — | -3.2% | ||
| Q2 25 | — | -11.4% | ||
| Q1 25 | — | -16.8% | ||
| Q4 24 | — | -32.7% | ||
| Q3 24 | -73.5% | 1.1% | ||
| Q2 24 | -239.2% | -29.1% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | -209.0% | -7.2% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -4.7% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | — | -12.9% | ||
| Q3 24 | -69.6% | 0.4% | ||
| Q2 24 | -226.9% | -12.1% | ||
| Q1 24 | 113.4% | -15.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $-0.18 | ||
| Q1 24 | — | $-0.19 |
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 | $337.2M |
| Total DebtLower is stronger | $1.8B | $2.1B |
| Stockholders' EquityBook value | $1.4B | $386.0M |
| Total Assets | $3.3B | $6.9B |
| Debt / EquityLower = less leverage | 1.29× | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $337.2M | ||
| Q3 25 | — | $459.2M | ||
| Q2 25 | — | $408.6M | ||
| Q1 25 | — | $371.5M | ||
| Q4 24 | — | $421.6M | ||
| Q3 24 | $121.2M | $483.0M | ||
| Q2 24 | $126.1M | $533.2M | ||
| Q1 24 | — | $603.7M |
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $7.2M | $2.0B | ||
| Q2 24 | $1.3M | $2.0B | ||
| Q1 24 | $5.1M | $2.3B |
| Q4 25 | $1.4B | $386.0M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $439.1M | ||
| Q1 25 | — | $469.3M | ||
| Q4 24 | — | $506.6M | ||
| Q3 24 | $1.8B | $592.0M | ||
| Q2 24 | $1.4B | $578.9M | ||
| Q1 24 | $1.5B | $637.3M |
| Q4 25 | $3.3B | $6.9B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | $2.0B | $6.4B | ||
| Q2 24 | $1.5B | $5.9B | ||
| Q1 24 | $1.5B | $6.2B |
| Q4 25 | 1.29× | 5.44× | ||
| Q3 25 | — | 4.83× | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | 4.30× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | 0.00× | 3.31× | ||
| Q2 24 | 0.00× | 3.41× | ||
| Q1 24 | 0.00× | 3.63× |
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 | $-638.7M |
| Free Cash FlowOCF − Capex | $-198.1M | $-648.0M |
| FCF MarginFCF / Revenue | -109.3% | -208.9% |
| Capex IntensityCapex / Revenue | 20.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $-638.7M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | — | $67.6M | ||
| Q1 25 | — | $-179.9M | ||
| Q4 24 | — | $47.7M | ||
| Q3 24 | $-233.7M | $-349.2M | ||
| Q2 24 | $-58.4M | $-278.3M | ||
| Q1 24 | $-44.8M | $-278.5M |
| Q4 25 | $-198.1M | $-648.0M | ||
| Q3 25 | — | $38.7M | ||
| Q2 25 | — | $61.4M | ||
| Q1 25 | — | $-186.7M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | $-299.8M | $-356.4M | ||
| Q2 24 | $-68.7M | $-285.7M | ||
| Q1 24 | $-60.3M | $-283.3M |
| Q4 25 | -109.3% | -208.9% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | -335.8% | -113.3% | ||
| Q2 24 | -66.0% | -107.7% | ||
| Q1 24 | -54.0% | -127.2% |
| Q4 25 | 20.4% | 3.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 74.0% | 2.3% | ||
| Q2 24 | 9.9% | 2.8% | ||
| Q1 24 | 13.8% | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -255.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
