CLFD · Clearfield, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.39M | $34.34M | $49.90M | $47.17M | $35.48M | $48.79M | $36.91M | - | $61.28M | $85.94M |
| Cost of Revenue | $23.23M | $22.95M | $34.67M | $32.98M | $27.29M | $38.10M | $34.08M | - | - | $55.29M |
| Gross Profit | $11.16M | $11.39M | $15.23M | $14.19M | $8.18M | $10.69M | $2.83M | - | $19.07M | $30.65M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $13.23M | $13.21M | $13.74M | $13.93M | $12.16M | $13.00M | $12.57M | - | $13.45M | $12.76M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $1.61M | $1.92M | $1.88M | $1.84M | $1.91M | $1.92M | - | $1.58M | $1.35M |
| Operating Income | ($2.07M) | ($1.82M) | $1.50M | $262.0K | ($3.98M) | ($2.31M) | ($9.74M) | - | $5.63M | $17.89M |
| Interest Expense | - | - | $106.0K | $69.0K | $100.0K | $153.0K | $102.0K | - | $195.0K | $243.0K |
| Income Tax | ($176.0K) | ($1.0K) | $1.37M | $455.0K | ($426.0K) | ($277.0K) | ($2.08M) | - | $1.84M | $3.69M |
| Net Income | ($528.0K) | ($614.0K) | $1.61M | $1.33M | ($1.91M) | ($447.0K) | ($5.91M) | - | $5.22M | $14.26M |
| EPS - Basic | ($0.04) | ($0.04) | $0.11 | $0.09 | ($0.13) | ($0.04) | ($0.40) | - | $0.33 | $1.01 |
| EPS - Diluted | ($0.04) | ($0.04) | $0.11 | $0.09 | ($0.13) | ($0.04) | ($0.40) | - | $0.33 | $1.00 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.40M | $13.88M | $21.49M | $28.85M | $30.45M | $16.17M | $15.82M | $34.48M | $37.83M | $137.08M |
| Accounts Receivable | $20.86M | $14.97M | $17.99M | $24.20M | $14.06M | $21.31M | $21.90M | $17.36M | $28.39M | $39.38M |
| Inventory | $36.92M | $40.20M | $42.03M | $56.08M | $59.22M | $66.77M | $83.98M | $94.61M | $98.06M | $100.84M |
| Accounts Payable | $3.68M | $3.85M | $7.03M | $8.68M | $4.33M | $6.72M | $5.91M | $7.37M | $8.89M | $16.68M |
| Current Assets | $163.00M | $165.74M | $198.49M | $206.27M | $197.91M | $229.59M | $257.43M | $276.62M | $296.25M | $300.94M |
| Total Assets | $263.55M | $268.05M | $306.17M | $310.86M | $303.23M | $315.27M | $315.40M | $335.63M | $355.52M | $357.39M |
| Current Liabilities | $12.69M | $13.21M | $36.60M | $30.50M | $18.73M | $24.35M | $26.38M | $24.95M | $29.00M | $40.05M |
| Long-term Debt | - | - | $0 | $0 | $2.23M | - | - | - | - | $0 |
| Total Liabilities | $20.74M | $18.40M | $50.01M | $44.96M | $35.80M | $39.51M | $36.20M | $35.53M | $40.35M | $52.00M |
| Stockholders' Equity | $242.81M | $249.65M | $256.16M | $265.90M | $267.44M | $275.76M | $279.21M | $300.10M | $315.16M | $305.40M |
| Retained Earnings | $105.77M | $106.30M | $106.91M | $114.38M | $113.06M | $114.96M | $116.24M | $122.15M | $127.34M | $119.42M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $8.04M | - | - | $7.15M | - | - | - | - | $1.10M |
| Investing Cash Flow | - | $13.71M | - | - | $13.39M | - | - | - | - | ($101.09M) |
| Financing Cash Flow | - | ($6.46M) | - | - | ($6.39M) | - | - | - | - | $113.52M |
| CapEx | - | $988.0K | $407.0K | $2.39M | $2.07M | $1.22M | $1.97M | - | $1.73M | $1.98M |
| Free Cash Flow | - | $7.05M | - | - | $5.08M | - | - | - | - | ($881.0K) |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 32.5% | 33.2% | 30.5% | 30.1% | 23.1% | 21.9% | 7.7% | - | 31.1% | 35.7% |
| Operating margin | -6.0% | -5.3% | 3.0% | 0.6% | -11.2% | -4.7% | -26.4% | - | 9.2% | 20.8% |
| EBITDA margin | - | -0.6% | 6.8% | 4.5% | -6.0% | -0.8% | -21.2% | - | 11.8% | 22.4% |
| Net margin | -1.5% | -1.8% | 3.2% | 2.8% | -5.4% | -0.9% | -16.0% | - | 8.5% | 16.6% |
| Free cash flow margin | - | 20.5% | - | - | 14.3% | - | - | - | - | -1.0% |
| FCF / Net income | - | -11.48 | - | - | -2.67 | - | - | - | - | -0.06 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 38.5% | 38.5% | 27.5% | 29.5% | 34.3% | 26.6% | 34.1% | - | 21.9% | 14.8% |
| Effective tax rate | - | - | 46.1% | 25.5% | - | - | - | - | 26.1% | 20.6% |
| Return on assets | -0.2% | -0.2% | 0.5% | 0.4% | -0.6% | -0.1% | -1.9% | - | 1.5% | 4.0% |
| Return on equity | -0.2% | -0.2% | 0.6% | 0.5% | -0.7% | -0.2% | -2.1% | - | 1.7% | 4.7% |
| Return on invested capital | - | - | 0.3% | 0.1% | -1.2% | - | - | - | - | 4.7% |
| Liquidity | ||||||||||
| Current ratio | 12.84 | 12.55 | 5.42 | 6.76 | 10.57 | 9.43 | 9.76 | 11.09 | 10.21 | 7.51 |
| Quick ratio | 9.93 | 9.50 | 4.27 | 4.92 | 7.41 | 6.69 | 6.58 | 7.29 | 6.83 | 5.00 |
| Cash ratio | 0.74 | 1.05 | 0.59 | 0.95 | 1.63 | 0.66 | 0.60 | 1.38 | 1.30 | 3.42 |
| Leverage | ||||||||||
| Debt / Equity | - | - | 0.00 | 0.00 | 0.01 | - | - | - | - | 0.00 |
| Debt / Assets | - | - | 0.00 | 0.00 | 0.01 | - | - | - | - | 0.00 |
| Debt / EBITDA | - | - | 0.00 | 0.00 | - | - | - | - | - | 0.00 |
| Interest coverage | - | - | 14.1x | 3.8x | -39.8x | -15.1x | -95.5x | - | 28.8x | 73.6x |
| Equity multiplier | 1.09 | 1.07 | 1.20 | 1.17 | 1.13 | 1.14 | 1.13 | 1.12 | 1.13 | 1.17 |
| Liabilities / Assets | 0.08 | 0.07 | 0.16 | 0.14 | 0.12 | 0.13 | 0.11 | 0.11 | 0.11 | 0.15 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | 0.13 | 0.16 | 0.15 | 0.12 | 0.15 | 0.12 | - | 0.17 | 0.24 |
| Inventory turnover | 0.63 | 0.57 | 0.82 | 0.59 | 0.46 | 0.57 | 0.41 | - | - | 0.55 |
| Days sales outstanding | 221d | 159d | 132d | 187d | 145d | 159d | 217d | - | 169d | 167d |
| Days inventory outstanding | 580d | 639d | 443d | 621d | 792d | 640d | 900d | - | - | 666d |
| Days payable outstanding | 58d | 61d | 74d | 96d | 58d | 64d | 63d | - | - | 110d |
| Cash conversion cycle | 744d | 737d | 500d | 712d | 879d | 735d | 1053d | - | - | 723d |
| Valuation | ||||||||||
| P / E | - | - | 312.5x | 330.2x | - | - | - | - | 86.8x | 46.6x |
| P / B | 1.5x | 1.6x | 1.9x | 1.6x | 1.6x | 2.0x | 1.6x | - | 1.4x | 2.2x |
| P / S | 10.5x | 11.8x | 9.5x | 8.9x | 12.4x | 11.4x | 12.2x | - | 7.1x | 7.7x |
| EV / EBITDA | - | - | 133.1x | 182.4x | - | - | - | - | 55.4x | 27.5x |
| Growth | ||||||||||
| Revenue growth (YoY) | -27.1% | -3.2% | 2.3% | 27.8% | - | -20.4% | - | - | -14.0% | 68.2% |
| Revenue CAGR (3y) | - | -26.3% | -11.2% | -4.1% | -11.5% | 8.0% | 7.5% | - | 33.1% | 64.3% |
| Revenue CAGR (5y) | 3.0% | 4.9% | 14.0% | 18.2% | 12.9% | 17.4% | 14.1% | - | 23.3% | 38.5% |
| Gross profit growth (YoY) | -21.4% | 39.2% | 42.5% | 401.1% | - | -43.9% | - | - | -34.9% | 33.4% |
| Operating income growth (YoY) | - | 54.1% | - | - | - | - | - | - | -66.1% | 37.1% |
| Net income growth (YoY) | - | 67.8% | - | - | - | - | - | - | -59.1% | 37.2% |
| EPS growth (YoY) | - | 69.2% | - | - | - | - | - | - | -64.1% | 33.3% |
| EPS CAGR (3y) | - | - | -50.7% | -48.5% | - | - | - | - | 14.5% | 192.4% |
| EPS CAGR (5y) | - | - | -12.9% | 12.5% | - | - | - | - | 20.5% | 70.2% |
| FCF growth (YoY) | - | 38.8% | - | - | - | - | - | - | - | 57.7% |
| FCF CAGR (5y) | - | 24.7% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.7% | -6.6% | -7.1% | -4.8% | - | -12.5% | - | - | 113.6% | 166.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Geographic
$150.13M totalUS$144.90M · 96.5%
Non Us$5.24M · 3.5%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing Clearfield against the 5 most active filers in the same SIC group.