vs
Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and PAMT CORP (PAMT). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $141.3M, roughly 1.3× PAMT CORP). PAMT CORP runs the higher net margin — -20.7% vs -209.0%, a 188.3% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs -15.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs -12.0%).
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.
CLSK vs PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $141.3M |
| Net Profit | $-378.7M | $-29.3M |
| Gross Margin | 47.2% | — |
| Operating Margin | -174.7% | -27.0% |
| Net Margin | -209.0% | -20.7% |
| Revenue YoY | 11.6% | -15.1% |
| Net Profit YoY | -253.5% | 7.4% |
| EPS (diluted) | — | $-1.38 |
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 | $141.3M | ||
| Q3 25 | — | $150.3M | ||
| Q2 25 | — | $151.1M | ||
| Q1 25 | — | $155.3M | ||
| Q4 24 | — | $166.5M | ||
| Q3 24 | $89.3M | $182.6M | ||
| Q2 24 | $104.1M | $182.9M | ||
| Q1 24 | $111.8M | $182.6M |
| Q4 25 | $-378.7M | $-29.3M | ||
| Q3 25 | — | $-5.6M | ||
| Q2 25 | — | $-9.6M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $-62.2M | $2.4M | ||
| Q2 24 | $-236.2M | $-2.9M | ||
| Q1 24 | $126.7M | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | — | -3.8% | ||
| Q2 25 | — | -7.3% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | -73.5% | 1.3% | ||
| Q2 24 | -239.2% | -0.4% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | -209.0% | -20.7% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | — | -6.4% | ||
| Q1 25 | — | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | -69.6% | 1.3% | ||
| Q2 24 | -226.9% | -1.6% | ||
| Q1 24 | 113.4% | 0.2% |
| Q4 25 | — | $-1.38 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-0.46 | ||
| Q1 25 | — | $-0.37 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $1.8B | $333.9M |
| Stockholders' EquityBook value | $1.4B | $210.5M |
| Total Assets | $3.3B | $697.9M |
| Debt / EquityLower = less leverage | 1.29× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $83.7M | ||
| Q3 25 | — | $115.6M | ||
| Q2 25 | — | $117.3M | ||
| Q1 25 | — | $102.7M | ||
| Q4 24 | — | $110.7M | ||
| Q3 24 | $121.2M | $92.3M | ||
| Q2 24 | $126.1M | $114.0M | ||
| Q1 24 | — | $125.8M |
| Q4 25 | $1.8B | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $1.4B | $210.5M | ||
| Q3 25 | — | $239.5M | ||
| Q2 25 | — | $244.9M | ||
| Q1 25 | — | $269.6M | ||
| Q4 24 | — | $277.5M | ||
| Q3 24 | $1.8B | $308.9M | ||
| Q2 24 | $1.4B | $306.7M | ||
| Q1 24 | $1.5B | $314.6M |
| Q4 25 | $3.3B | $697.9M | ||
| Q3 25 | — | $715.2M | ||
| Q2 25 | — | $707.9M | ||
| Q1 25 | — | $712.6M | ||
| Q4 24 | — | $741.7M | ||
| Q3 24 | $2.0B | $756.7M | ||
| Q2 24 | $1.5B | $733.5M | ||
| Q1 24 | $1.5B | $746.4M |
| Q4 25 | 1.29× | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-198.1M | $-25.0M |
| FCF MarginFCF / Revenue | -109.3% | -17.7% |
| Capex IntensityCapex / Revenue | 20.4% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $-5.8M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $12.2M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | $-233.7M | $15.5M | ||
| Q2 24 | $-58.4M | $18.7M | ||
| Q1 24 | $-44.8M | $9.6M |
| Q4 25 | $-198.1M | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | $-299.8M | $-33.6M | ||
| Q2 24 | $-68.7M | $4.1M | ||
| Q1 24 | $-60.3M | $-12.2M |
| Q4 25 | -109.3% | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | -335.8% | -18.4% | ||
| Q2 24 | -66.0% | 2.2% | ||
| Q1 24 | -54.0% | -6.7% |
| Q4 25 | 20.4% | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | 74.0% | 26.9% | ||
| Q2 24 | 9.9% | 8.0% | ||
| Q1 24 | 13.8% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
