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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $138.9M, roughly 1.3× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -209.0%, a 212.2% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 4.3%). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 6.6%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
CLSK vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $138.9M |
| Net Profit | $-378.7M | $4.4M |
| Gross Margin | 47.2% | 22.4% |
| Operating Margin | -174.7% | 0.8% |
| Net Margin | -209.0% | 3.2% |
| Revenue YoY | 11.6% | 4.3% |
| Net Profit YoY | -253.5% | — |
| EPS (diluted) | — | $0.36 |
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.
| Q1 26 | — | $138.9M | ||
| Q4 25 | $181.2M | $186.9M | ||
| Q3 25 | — | $184.6M | ||
| Q2 25 | — | $142.2M | ||
| Q1 25 | — | $133.1M | ||
| Q4 24 | — | $143.7M | ||
| Q3 24 | $89.3M | $133.9M | ||
| Q2 24 | $104.1M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-378.7M | $12.3M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $-62.2M | $7.5M | ||
| Q2 24 | $-236.2M | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | 47.2% | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 36.0% | 27.0% | ||
| Q2 24 | 56.6% | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | -174.7% | 9.4% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | -73.5% | 8.1% | ||
| Q2 24 | -239.2% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | -209.0% | 6.6% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | -69.6% | 5.6% | ||
| Q2 24 | -226.9% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.01 | ||
| Q3 25 | — | $0.73 | ||
| Q2 25 | — | $0.64 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $0.62 | ||
| Q2 24 | — | $0.50 |
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 | $15.8M |
| Total DebtLower is stronger | $1.8B | $56.6M |
| Stockholders' EquityBook value | $1.4B | $196.3M |
| Total Assets | $3.3B | $377.0M |
| Debt / EquityLower = less leverage | 1.29× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $458.1M | $11.3M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $38.9M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $44.9M | ||
| Q3 24 | $121.2M | $51.2M | ||
| Q2 24 | $126.1M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | $1.8B | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | $7.2M | $20.5M | ||
| Q2 24 | $1.3M | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $1.4B | $195.7M | ||
| Q3 25 | — | $181.6M | ||
| Q2 25 | — | $170.5M | ||
| Q1 25 | — | $161.1M | ||
| Q4 24 | — | $153.5M | ||
| Q3 24 | $1.8B | $142.2M | ||
| Q2 24 | $1.4B | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $3.3B | $381.1M | ||
| Q3 25 | — | $409.1M | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $336.4M | ||
| Q4 24 | — | $352.1M | ||
| Q3 24 | $2.0B | $324.4M | ||
| Q2 24 | $1.5B | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | 1.29× | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | 0.00× | 0.14× | ||
| Q2 24 | 0.00× | 0.15× |
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 | — |
| Free Cash FlowOCF − Capex | $-198.1M | — |
| FCF MarginFCF / Revenue | -109.3% | — |
| Capex IntensityCapex / Revenue | 20.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-161.1M | $28.1M | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | — | $19.3M | ||
| Q3 24 | $-233.7M | $4.9M | ||
| Q2 24 | $-58.4M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-198.1M | $27.9M | ||
| Q3 25 | — | $12.8M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | $-299.8M | $4.6M | ||
| Q2 24 | $-68.7M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -109.3% | 14.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | -335.8% | 3.4% | ||
| Q2 24 | -66.0% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 74.0% | 0.3% | ||
| Q2 24 | 9.9% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
