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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Vroom, Inc. (VRM). Click either name above to swap in a different company.
Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $181.2M, roughly 1.3× CLEANSPARK, INC.). Vroom, Inc. runs the higher net margin — -59.8% vs -209.0%, a 149.2% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 11.6%). Vroom, Inc. produced more free cash flow last quarter ($-108.8M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs -49.5%).
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.
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.
CLSK vs VRM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $235.9M |
| Net Profit | $-378.7M | $-141.1M |
| Gross Margin | 47.2% | 12.3% |
| Operating Margin | -174.7% | -11.5% |
| Net Margin | -209.0% | -59.8% |
| Revenue YoY | 11.6% | 12.9% |
| Net Profit YoY | -253.5% | -669.8% |
| EPS (diluted) | — | $-80.66 |
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 | — | ||
| Q3 24 | $89.3M | — | ||
| Q2 24 | $104.1M | — | ||
| Q1 24 | $111.8M | — | ||
| Q4 23 | $73.8M | $235.9M | ||
| Q3 23 | $52.5M | $235.6M | ||
| Q2 23 | $45.5M | $225.2M | ||
| Q1 23 | $42.5M | $196.5M |
| Q4 25 | $-378.7M | — | ||
| Q3 24 | $-62.2M | — | ||
| Q2 24 | $-236.2M | — | ||
| Q1 24 | $126.7M | — | ||
| Q4 23 | $25.9M | $-141.1M | ||
| Q3 23 | $-76.4M | $-82.7M | ||
| Q2 23 | $-14.2M | $-66.0M | ||
| Q1 23 | $-18.5M | $-74.7M |
| Q4 25 | 47.2% | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 69.3% | — | ||
| Q4 23 | 60.8% | 12.3% | ||
| Q3 23 | 42.1% | 20.4% | ||
| Q2 23 | 54.6% | 20.4% | ||
| Q1 23 | 48.1% | 19.8% |
| Q4 25 | -174.7% | — | ||
| Q3 24 | -73.5% | — | ||
| Q2 24 | -239.2% | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 38.6% | -11.5% | ||
| Q3 23 | -131.5% | -18.0% | ||
| Q2 23 | -34.2% | -23.4% | ||
| Q1 23 | -41.1% | -34.7% |
| Q4 25 | -209.0% | — | ||
| Q3 24 | -69.6% | — | ||
| Q2 24 | -226.9% | — | ||
| Q1 24 | 113.4% | — | ||
| Q4 23 | 35.1% | -59.8% | ||
| Q3 23 | -145.5% | -35.1% | ||
| Q2 23 | -31.2% | -29.3% | ||
| Q1 23 | -43.4% | -38.0% |
| Q4 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | $-80.66 | ||
| Q3 23 | — | $-47.38 | ||
| Q2 23 | — | $-37.97 | ||
| Q1 23 | — | $-43.16 |
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 | $135.6M |
| Total DebtLower is stronger | $1.8B | $454.2M |
| Stockholders' EquityBook value | $1.4B | $127.7M |
| Total Assets | $3.3B | $1.5B |
| Debt / EquityLower = less leverage | 1.29× | 3.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | — | ||
| Q3 24 | $121.2M | — | ||
| Q2 24 | $126.1M | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $48.5M | $135.6M | ||
| Q3 23 | $29.2M | $208.6M | ||
| Q2 23 | $21.8M | $237.9M | ||
| Q1 23 | $10.3M | $316.7M |
| Q4 25 | $1.8B | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — | ||
| Q4 23 | $7.0M | $454.2M | ||
| Q3 23 | $8.9M | $521.4M | ||
| Q2 23 | $10.8M | $544.9M | ||
| Q1 23 | $10.4M | $554.7M |
| Q4 25 | $1.4B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — | ||
| Q4 23 | $809.0M | $127.7M | ||
| Q3 23 | $675.7M | $263.6M | ||
| Q2 23 | $603.6M | $343.4M | ||
| Q1 23 | $473.9M | $407.1M |
| Q4 25 | $3.3B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — | ||
| Q4 23 | $862.7M | $1.5B | ||
| Q3 23 | $761.6M | $1.6B | ||
| Q2 23 | $652.8M | $1.6B | ||
| Q1 23 | $531.6M | $1.7B |
| Q4 25 | 1.29× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — | ||
| Q4 23 | 0.01× | 3.56× | ||
| Q3 23 | 0.01× | 1.98× | ||
| Q2 23 | 0.02× | 1.59× | ||
| Q1 23 | 0.02× | 1.36× |
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 | $-108.1M |
| Free Cash FlowOCF − Capex | $-198.1M | $-108.8M |
| FCF MarginFCF / Revenue | -109.3% | -46.1% |
| Capex IntensityCapex / Revenue | 20.4% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $-536.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | — | ||
| Q3 24 | $-233.7M | — | ||
| Q2 24 | $-58.4M | — | ||
| Q1 24 | $-44.8M | — | ||
| Q4 23 | $-47.7M | $-108.1M | ||
| Q3 23 | $-34.9M | $-193.5M | ||
| Q2 23 | $5.8M | $-147.1M | ||
| Q1 23 | $6.8M | $-85.0M |
| Q4 25 | $-198.1M | — | ||
| Q3 24 | $-299.8M | — | ||
| Q2 24 | $-68.7M | — | ||
| Q1 24 | $-60.3M | — | ||
| Q4 23 | $-75.2M | $-108.8M | ||
| Q3 23 | $-53.8M | $-194.2M | ||
| Q2 23 | $-15.1M | $-147.5M | ||
| Q1 23 | $-10.1M | $-85.8M |
| Q4 25 | -109.3% | — | ||
| Q3 24 | -335.8% | — | ||
| Q2 24 | -66.0% | — | ||
| Q1 24 | -54.0% | — | ||
| Q4 23 | -101.9% | -46.1% | ||
| Q3 23 | -102.3% | -82.4% | ||
| Q2 23 | -33.1% | -65.5% | ||
| Q1 23 | -23.6% | -43.7% |
| Q4 25 | 20.4% | — | ||
| Q3 24 | 74.0% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | 13.8% | — | ||
| Q4 23 | 37.3% | 0.3% | ||
| Q3 23 | 35.8% | 0.3% | ||
| Q2 23 | 45.8% | 0.2% | ||
| Q1 23 | 39.5% | 0.4% |
| Q4 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | — | ||
| Q4 23 | -1.84× | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
