CleanSpark, Inc. — Earnings Quality Grade F
CLSK · Financial Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue grew 102.2% but CFFO declined -97.3%
Expense Quality
No material inventory
CapEx growth -30.2% vs revenue 102.2%. Normal
SG&A/Gross Profit = 20.8%, excellent (<30%)
Gross margin 41.6%, change +4.8pp. Stable
Cash Flow Quality
CFFO/NI = -1.26. Only -126% of profit backed by cash
FCF is negative ($-1.0B)
Accruals ratio = 25.9%. Exceeds 10%
Cash $1.0B covers debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 6% of equity. Manageable
Interest coverage = -9.4x (<2x). Financial stress
Other assets 76.3% vs revenue 102.2%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles surged 1141% YoY
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
CleanSpark, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25