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CLEANSPARK, INC.（CLSK）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
LiveRamp Holdings, Inc.的季度营收约是CLEANSPARK, INC.的1.2倍（$212.2M vs $181.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -209.0%，领先227.8%），CLEANSPARK, INC.同比增速更快（11.6% vs 8.6%），过去两年CLEANSPARK, INC.的营收复合增速更高（106.4% vs 11.1%）
CleanSpark Inc.是一家总部位于美国的可持续技术企业，核心业务包含两大板块：一是依托可再生能源与闲置能源开展低碳比特币挖矿业务，二是为北美地区的工商业及公共部门客户提供微电网设计、部署与运营服务。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
CLSK vs RAMP — 直观对比
营收规模更大
RAMP
是对方的1.2倍
$181.2M
营收增速更快
CLSK
高出3.0%
8.6%
净利率更高
RAMP
高出227.8%
-209.0%
两年增速更快
CLSK
近两年复合增速
11.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $181.2M | $212.2M |
| 净利润 | $-378.7M | $39.9M |
| 毛利率 | 47.2% | 71.9% |
| 营业利润率 | -174.7% | 18.6% |
| 净利率 | -209.0% | 18.8% |
| 营收同比 | 11.6% | 8.6% |
| 净利润同比 | -253.5% | 255.7% |
| 每股收益（稀释后） | — | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CLSKRAMP
| Q4 25 | $181.2M | $212.2M | ||
| Q3 25 | — | $199.8M | ||
| Q2 25 | — | $194.8M | ||
| Q1 25 | — | $188.7M | ||
| Q4 24 | — | $195.4M | ||
| Q3 24 | $89.3M | $185.5M | ||
| Q2 24 | $104.1M | $176.0M | ||
| Q1 24 | $111.8M | $171.9M |
净利润CLSKRAMP
| Q4 25 | $-378.7M | $39.9M | ||
| Q3 25 | — | $27.4M | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | $-62.2M | $1.7M | ||
| Q2 24 | $-236.2M | $-7.5M | ||
| Q1 24 | $126.7M | $-5.4M |
毛利率CLSKRAMP
| Q4 25 | 47.2% | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | 36.0% | 72.4% | ||
| Q2 24 | 56.6% | 70.6% | ||
| Q1 24 | 69.3% | 72.2% |
营业利润率CLSKRAMP
| Q4 25 | -174.7% | 18.6% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | -73.5% | 4.0% | ||
| Q2 24 | -239.2% | -3.0% | ||
| Q1 24 | — | -8.3% |
净利率CLSKRAMP
| Q4 25 | -209.0% | 18.8% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -69.6% | 0.9% | ||
| Q2 24 | -226.9% | -4.3% | ||
| Q1 24 | 113.4% | -3.1% |
每股收益（稀释后）CLSKRAMP
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $0.42 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $458.1M | $403.4M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $1.4B | $962.3M |
| 总资产 | $3.3B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资CLSKRAMP
| Q4 25 | $458.1M | $403.4M | ||
| Q3 25 | — | $376.9M | ||
| Q2 25 | — | $371.1M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $384.3M | ||
| Q3 24 | $121.2M | $348.4M | ||
| Q2 24 | $126.1M | $342.7M | ||
| Q1 24 | — | $368.9M |
总债务CLSKRAMP
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
股东权益CLSKRAMP
| Q4 25 | $1.4B | $962.3M | ||
| Q3 25 | — | $943.8M | ||
| Q2 25 | — | $947.8M | ||
| Q1 25 | — | $948.9M | ||
| Q4 24 | — | $957.7M | ||
| Q3 24 | $1.8B | $932.1M | ||
| Q2 24 | $1.4B | $951.9M | ||
| Q1 24 | $1.5B | $949.1M |
总资产CLSKRAMP
| Q4 25 | $3.3B | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比CLSKRAMP
| Q4 25 | 1.29× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-161.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-198.1M | — |
| 自由现金流率自由现金流/营收 | -109.3% | — |
| 资本支出强度资本支出/营收 | 20.4% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-626.9M | — |
8季度趋势，按日历期对齐
经营现金流CLSKRAMP
| Q4 25 | $-161.1M | — | ||
| Q3 25 | — | $57.4M | ||
| Q2 25 | — | $-15.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $45.1M | ||
| Q3 24 | $-233.7M | $55.6M | ||
| Q2 24 | $-58.4M | $-9.3M | ||
| Q1 24 | $-44.8M | — |
自由现金流CLSKRAMP
| Q4 25 | $-198.1M | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | $-299.8M | $55.4M | ||
| Q2 24 | $-68.7M | $-9.6M | ||
| Q1 24 | $-60.3M | — |
自由现金流率CLSKRAMP
| Q4 25 | -109.3% | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | -335.8% | 29.8% | ||
| Q2 24 | -66.0% | -5.4% | ||
| Q1 24 | -54.0% | — |
资本支出强度CLSKRAMP
| Q4 25 | 20.4% | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 74.0% | 0.1% | ||
| Q2 24 | 9.9% | 0.1% | ||
| Q1 24 | 13.8% | 1.0% |
现金转化率CLSKRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
