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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -209.0%, a 206.7% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 9.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CLSK vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $140.7M |
| Net Profit | $-378.7M | $-3.2M |
| Gross Margin | 47.2% | 41.9% |
| Operating Margin | -174.7% | -1.6% |
| Net Margin | -209.0% | -2.3% |
| Revenue YoY | 11.6% | 9.1% |
| Net Profit YoY | -253.5% | 62.1% |
| EPS (diluted) | — | $0.03 |
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 | $140.7M | ||
| Q3 25 | — | $118.8M | ||
| Q2 25 | — | $105.1M | ||
| Q1 25 | — | $104.2M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | $89.3M | $118.6M | ||
| Q2 24 | $104.1M | $120.3M | ||
| Q1 24 | $111.8M | $120.0M |
| Q4 25 | $-378.7M | $-3.2M | ||
| Q3 25 | — | $-11.7M | ||
| Q2 25 | — | $-17.3M | ||
| Q1 25 | — | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $-62.2M | $-39.2M | ||
| Q2 24 | $-236.2M | $27.0K | ||
| Q1 24 | $126.7M | $-50.2M |
| Q4 25 | 47.2% | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | 36.0% | 29.7% | ||
| Q2 24 | 56.6% | 40.7% | ||
| Q1 24 | 69.3% | 34.8% |
| Q4 25 | -174.7% | -1.6% | ||
| Q3 25 | — | -10.2% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | -73.5% | -39.5% | ||
| Q2 24 | -239.2% | -12.1% | ||
| Q1 24 | — | -19.3% |
| Q4 25 | -209.0% | -2.3% | ||
| Q3 25 | — | -9.9% | ||
| Q2 25 | — | -16.5% | ||
| Q1 25 | — | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | -69.6% | -33.1% | ||
| Q2 24 | -226.9% | 0.0% | ||
| Q1 24 | 113.4% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $1.8B | $126.7M |
| Stockholders' EquityBook value | $1.4B | $-29.7M |
| Total Assets | $3.3B | $296.3M |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $24.3M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | $121.2M | $23.4M | ||
| Q2 24 | $126.1M | $23.4M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | $1.8B | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $7.2M | $50.8M | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $1.4B | $-29.7M | ||
| Q3 25 | — | $-26.9M | ||
| Q2 25 | — | $-15.6M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $1.8B | $28.0M | ||
| Q2 24 | $1.4B | $66.4M | ||
| Q1 24 | $1.5B | $65.5M |
| Q4 25 | $3.3B | $296.3M | ||
| Q3 25 | — | $302.1M | ||
| Q2 25 | — | $303.8M | ||
| Q1 25 | — | $293.8M | ||
| Q4 24 | — | $307.8M | ||
| Q3 24 | $2.0B | $309.3M | ||
| Q2 24 | $1.5B | $362.1M | ||
| Q1 24 | $1.5B | $382.1M |
| Q4 25 | 1.29× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | 0.00× | 1.82× | ||
| 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 | $-7.8M |
| FCF MarginFCF / Revenue | -109.3% | -5.5% |
| Capex IntensityCapex / Revenue | 20.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $-5.8M | ||
| Q3 25 | — | $-968.0K | ||
| Q2 25 | — | $-4.0M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-233.7M | $1.1M | ||
| Q2 24 | $-58.4M | $-8.9M | ||
| Q1 24 | $-44.8M | $-16.8M |
| Q4 25 | $-198.1M | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | $-299.8M | $101.0K | ||
| Q2 24 | $-68.7M | $-11.0M | ||
| Q1 24 | $-60.3M | $-19.9M |
| Q4 25 | -109.3% | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | -335.8% | 0.1% | ||
| Q2 24 | -66.0% | -9.2% | ||
| Q1 24 | -54.0% | -16.5% |
| Q4 25 | 20.4% | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 74.0% | 0.9% | ||
| Q2 24 | 9.9% | 1.7% | ||
| Q1 24 | 13.8% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | -0.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
