Clearfield, Inc. income statement
In fiscal 2025, Clearfield, Inc. reported revenue of $150m, up 19.6% on the year before, operating income of $2.1m (a 1.4% margin) and net income of −$8.1m, or −$0.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 35 | 37 | 53 | 58 | 60 | 75 | 74 | 78 | 85 | 93 | 141 | 271 | 226 | 126 | 150 | 154 |
| Cost of revenue | 15 | 21 | 22 | 31 | 33 | 35 | 42 | 44 | 47 | 52 | 55 | 80 | 158 | 146 | 100 | 100 | 103 |
| Gross profit | 9 | 15 | 15 | 22 | 25 | 25 | 33 | 30 | 31 | 33 | 38 | 61 | 113 | 80 | 26 | 51 | 51 |
| Research and development | — | — | — | — | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 3 | 2 | — |
| Selling, general and administrative | 8 | 11 | 11 | 15 | 16 | 18 | 22 | 25 | 26 | 28 | 30 | 36 | 49 | 42 | 45 | 48 | 51 |
| Operating income | 1 | 4 | 4 | 7 | 9 | 7 | 11 | 5 | 5 | 5 | 8 | 25 | 64 | 38 | −19 | 2 | −0 |
| Interest expense | 0 | — | — | — | — | — | — | — | — | — | — | — | 0 | 1 | 1 | — | — |
| Income before tax | 1 | 4 | 4 | 8 | 9 | 7 | 11 | 6 | 6 | 6 | 9 | 26 | 64 | 43 | −12 | 9 | 6 |
| Income tax | 0 | −2 | −3 | 3 | 3 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 14 | 9 | −3 | 2 | 2 |
| Net income | 1 | 6 | 8 | 5 | 5 | 5 | 8 | 4 | 4 | 5 | 7 | 20 | 49 | 33 | −12 | −8 | −7 |
| Diluted EPS | $0.09 | $0.48 | $0.60 | $0.36 | $0.40 | $0.34 | $0.59 | $0.28 | $0.32 | $0.34 | $0.53 | $1.47 | $3.55 | $2.17 | −$0.85 | −$0.58 | −$0.53 |
| Diluted shares (average) | 12m | 13m | 13m | 13m | 14m | 14m | 14m | 14m | 13m | 13m | 14m | 14m | 14m | 15m | 15m | 14m | 14m |
| EBITDA | 2 | 4 | 5 | 8 | 9 | 8 | 12 | 7 | 7 | 7 | 11 | 28 | 67 | 42 | −13 | 8 | 6 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 30 | 41 | 39 | 41 | 34 | 34 | 44 |
| Cost of revenue | −2 | 21 | 27 | 25 | 27 | 23 | 23 | 30 |
| Gross profit | 8 | 9 | 14 | 14 | 14 | 11 | 11 | 14 |
| Selling, general and administrative | 7 | 11 | 12 | 12 | 13 | 13 | 13 | 11 |
| Operating income | 1 | −2 | 2 | 2 | 1 | −2 | −2 | 3 |
| Interest expense | 0 | 0 | 0 | 0 | — | — | — | — |
| Income before tax | 3 | −0 | 3 | 3 | 3 | −0 | −1 | 4 |
| Income tax | 0 | 0 | 1 | 1 | 1 | −0 | −0 | 1 |
| Net income | −1 | −2 | 1 | 2 | −9 | −1 | −1 | 3 |
| Diluted EPS | −$0.06 | −$0.13 | $0.09 | $0.11 | −$0.65 | −$0.04 | −$0.04 | $0.22 |
| EBITDA | 1 | −1 | 4 | 3 | 2 | −0 | −0 | 4 |
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