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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Via Transportation, Inc. (VIA). Click either name above to swap in a different company.

CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $109.7M, roughly 1.7× Via Transportation, Inc.). Via Transportation, Inc. runs the higher net margin — -33.6% vs -209.0%, a 175.4% gap on every dollar of revenue. Via Transportation, Inc. produced more free cash flow last quarter ($-31.8M vs $-198.1M).

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.

Via Transportation, Inc. is an American technology company that provides software as a service (SaaS) and operations to improve public transportation networks for cities, transit agencies, schools and universities, healthcare providers, and corporations around the world. Via offers fully managed transit services as well as transportation planning tools, consulting services, operational support, and navigation.

CLSK vs VIA — Head-to-Head

Bigger by revenue
CLSK
CLSK
1.7× larger
CLSK
$181.2M
$109.7M
VIA
Higher net margin
VIA
VIA
175.4% more per $
VIA
-33.6%
-209.0%
CLSK
More free cash flow
VIA
VIA
$166.3M more FCF
VIA
$-31.8M
$-198.1M
CLSK

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLSK
CLSK
VIA
VIA
Revenue
$181.2M
$109.7M
Net Profit
$-378.7M
$-36.9M
Gross Margin
47.2%
39.3%
Operating Margin
-174.7%
-17.2%
Net Margin
-209.0%
-33.6%
Revenue YoY
11.6%
Net Profit YoY
-253.5%
EPS (diluted)
$-1.49

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.

Revenue
CLSK
CLSK
VIA
VIA
Q4 25
$181.2M
Q3 25
$109.7M
Q3 24
$89.3M
Q2 24
$104.1M
Q1 24
$111.8M
Q4 23
$73.8M
Q3 23
$52.5M
Q2 23
$45.5M
Net Profit
CLSK
CLSK
VIA
VIA
Q4 25
$-378.7M
Q3 25
$-36.9M
Q3 24
$-62.2M
Q2 24
$-236.2M
Q1 24
$126.7M
Q4 23
$25.9M
Q3 23
$-76.4M
Q2 23
$-14.2M
Gross Margin
CLSK
CLSK
VIA
VIA
Q4 25
47.2%
Q3 25
39.3%
Q3 24
36.0%
Q2 24
56.6%
Q1 24
69.3%
Q4 23
60.8%
Q3 23
42.1%
Q2 23
54.6%
Operating Margin
CLSK
CLSK
VIA
VIA
Q4 25
-174.7%
Q3 25
-17.2%
Q3 24
-73.5%
Q2 24
-239.2%
Q1 24
Q4 23
38.6%
Q3 23
-131.5%
Q2 23
-34.2%
Net Margin
CLSK
CLSK
VIA
VIA
Q4 25
-209.0%
Q3 25
-33.6%
Q3 24
-69.6%
Q2 24
-226.9%
Q1 24
113.4%
Q4 23
35.1%
Q3 23
-145.5%
Q2 23
-31.2%
EPS (diluted)
CLSK
CLSK
VIA
VIA
Q4 25
Q3 25
$-1.49
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLSK
CLSK
VIA
VIA
Cash + ST InvestmentsLiquidity on hand
$458.1M
$378.2M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$1.4B
$574.6M
Total Assets
$3.3B
$702.1M
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLSK
CLSK
VIA
VIA
Q4 25
$458.1M
Q3 25
$378.2M
Q3 24
$121.2M
Q2 24
$126.1M
Q1 24
Q4 23
$48.5M
Q3 23
$29.2M
Q2 23
$21.8M
Total Debt
CLSK
CLSK
VIA
VIA
Q4 25
$1.8B
Q3 25
Q3 24
$7.2M
Q2 24
$1.3M
Q1 24
$5.1M
Q4 23
$7.0M
Q3 23
$8.9M
Q2 23
$10.8M
Stockholders' Equity
CLSK
CLSK
VIA
VIA
Q4 25
$1.4B
Q3 25
$574.6M
Q3 24
$1.8B
Q2 24
$1.4B
Q1 24
$1.5B
Q4 23
$809.0M
Q3 23
$675.7M
Q2 23
$603.6M
Total Assets
CLSK
CLSK
VIA
VIA
Q4 25
$3.3B
Q3 25
$702.1M
Q3 24
$2.0B
Q2 24
$1.5B
Q1 24
$1.5B
Q4 23
$862.7M
Q3 23
$761.6M
Q2 23
$652.8M
Debt / Equity
CLSK
CLSK
VIA
VIA
Q4 25
1.29×
Q3 25
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×
Q4 23
0.01×
Q3 23
0.01×
Q2 23
0.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLSK
CLSK
VIA
VIA
Operating Cash FlowLast quarter
$-161.1M
$-30.4M
Free Cash FlowOCF − Capex
$-198.1M
$-31.8M
FCF MarginFCF / Revenue
-109.3%
-29.0%
Capex IntensityCapex / Revenue
20.4%
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-626.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLSK
CLSK
VIA
VIA
Q4 25
$-161.1M
Q3 25
$-30.4M
Q3 24
$-233.7M
Q2 24
$-58.4M
Q1 24
$-44.8M
Q4 23
$-47.7M
Q3 23
$-34.9M
Q2 23
$5.8M
Free Cash Flow
CLSK
CLSK
VIA
VIA
Q4 25
$-198.1M
Q3 25
$-31.8M
Q3 24
$-299.8M
Q2 24
$-68.7M
Q1 24
$-60.3M
Q4 23
$-75.2M
Q3 23
$-53.8M
Q2 23
$-15.1M
FCF Margin
CLSK
CLSK
VIA
VIA
Q4 25
-109.3%
Q3 25
-29.0%
Q3 24
-335.8%
Q2 24
-66.0%
Q1 24
-54.0%
Q4 23
-101.9%
Q3 23
-102.3%
Q2 23
-33.1%
Capex Intensity
CLSK
CLSK
VIA
VIA
Q4 25
20.4%
Q3 25
1.2%
Q3 24
74.0%
Q2 24
9.9%
Q1 24
13.8%
Q4 23
37.3%
Q3 23
35.8%
Q2 23
45.8%
Cash Conversion
CLSK
CLSK
VIA
VIA
Q4 25
Q3 25
Q3 24
Q2 24
Q1 24
-0.35×
Q4 23
-1.84×
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLSK
CLSK

Segment breakdown not available.

VIA
VIA

Government Customer$103.7M95%
Commercial Customer$5.9M5%

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