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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). Piedmont Realty Trust, Inc. runs the higher net margin — -31.4% vs -209.0%, a 177.6% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 0.4%). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
CLSK vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $143.3M |
| Net Profit | $-378.7M | $-45.0M |
| Gross Margin | 47.2% | — |
| Operating Margin | -174.7% | — |
| Net Margin | -209.0% | -31.4% |
| Revenue YoY | 11.6% | 0.4% |
| Net Profit YoY | -253.5% | -27.9% |
| EPS (diluted) | — | $-0.10 |
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 | — | $143.3M | ||
| Q4 25 | $181.2M | $142.9M | ||
| Q3 25 | — | $139.2M | ||
| Q2 25 | — | $140.3M | ||
| Q1 25 | — | $142.7M | ||
| Q4 24 | — | $143.2M | ||
| Q3 24 | $89.3M | $139.3M | ||
| Q2 24 | $104.1M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $-378.7M | $-43.2M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | — | $-16.8M | ||
| Q1 25 | — | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | $-62.2M | $-11.5M | ||
| Q2 24 | $-236.2M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 47.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 56.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | -174.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -73.5% | — | ||
| Q2 24 | -239.2% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | -209.0% | -30.3% | ||
| Q3 25 | — | -9.7% | ||
| Q2 25 | — | -12.0% | ||
| Q1 25 | — | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | -69.6% | -8.3% | ||
| Q2 24 | -226.9% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | — | $-0.34 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $-0.14 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $3.3B | $4.0B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $458.1M | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | $121.2M | $133.6M | ||
| Q2 24 | $126.1M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $7.2M | $2.2B | ||
| Q2 24 | $1.3M | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.4B | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.3B | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.5B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.29× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 0.00× | 1.36× | ||
| Q2 24 | 0.00× | 1.34× |
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% | 110.3% |
| 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 | $140.6M | ||
| Q3 25 | — | $35.8M | ||
| Q2 25 | — | $50.1M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | — | $198.1M | ||
| Q3 24 | $-233.7M | $42.9M | ||
| Q2 24 | $-58.4M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-198.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-299.8M | — | ||
| Q2 24 | $-68.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | -109.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -335.8% | — | ||
| Q2 24 | -66.0% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 74.0% | — | ||
| Q2 24 | 9.9% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
