Clearfield, Inc. (CLFD) Financial Statements
Industry: Telephone & Telegraph Apparatus
In fiscal 2025, Clearfield reported revenue of $150.1M, down 9.9% from $166.7M the year before. Net income was -$8.1M (a -5.4% net margin), or -$0.58 per diluted share. Gross margin was 33.7% and operating margin was 1.4%. Operating activities generated $26.6M of cash, leaving $21.8M of free cash flow. At fiscal year end, Clearfield held $306.2M in total assets against $50.0M in total liabilities, including $21.5M of cash and equivalents.
Open the full interactive Clearfield financials → Quarterly statements, key ratios, valuation history and price charts.
Clearfield Key Stats
| Share Price | $32.55 |
|---|---|
| Market Cap | $442.4M |
| Revenue YoY Growth | -9.9% |
| 52-Week Range | $26.00 – $51.26 |
| Shares Outstanding | 13.6 million (basic, 2026 Q3) |
Clearfield Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $93.1M | $140.8M | $270.9M | $268.7M | $166.7M | $150.1M |
| Gross Profit | $37.9M | $61.2M | $112.9M | $85.3M | $28.9M | $50.5M |
| Operating Income | $8.4M | $25.2M | $63.8M | $37.3M | -$23.2M | $2.1M |
| Pre-Tax Income | $9.2M | $25.7M | $63.8M | $41.6M | -$16.3M | $8.7M |
| Income Tax | $1.9M | $5.4M | $14.5M | $9.1M | -$3.8M | $2.4M |
| Net Income | $7.3M | $20.3M | $49.4M | $32.5M | -$12.5M | -$8.1M |
| Diluted EPS | $0.53 | $1.47 | $3.55 | $2.17 | -$0.85 | -$0.58 |
Clearfield Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $17.6M | $34.3M | $34.4M | $43.9M |
| Net Income | -$9.1M | -$614,000 | -$528,000 | $3.0M |
| Diluted EPS | -$0.65 | -$0.04 | -$0.04 | $0.22 |
Clearfield Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.4M | $13.2M | $16.6M | $37.8M | $16.2M | $21.5M |
| Current Assets | $52.5M | $71.5M | $160.1M | $296.3M | $229.6M | $198.5M |
| Total Assets | $95.3M | $125.9M | $229.1M | $355.5M | $315.3M | $306.2M |
| Current Liabilities | $10.4M | $20.5M | $51.7M | $29.0M | $24.4M | $36.6M |
| Total Long-Term Debt | — | — | $18.7M | — | $2.2M | — |
| Total Liabilities | $12.5M | $22.1M | $81.5M | $40.4M | $39.5M | $50.0M |
| Shareholders' Equity | $82.8M | $103.8M | $147.6M | $315.2M | $275.8M | $256.2M |
Clearfield Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $6.7M | $10.9M | $1.0M | $20.0M | $22.2M | $26.6M |
| Cash From Investing | -$41,128 | -$13.6M | -$8.2M | -$112.2M | -$6.9M | — |
| Cash From Financing | -$246,730 | -$536,435 | $10.7M | $113.4M | -$36.9M | — |
| Free Cash Flow | $4.8M | $8.9M | -$7.5M | $12.3M | $12.7M | $21.8M |
Figures from Clearfield's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Clearfield financials page for every line item.
Clearfield Company Profile
| Ticker | CLFD |
|---|---|
| Exchange | Nasdaq |
| Industry | Telephone & Telegraph Apparatus |
| Headquarters | Brooklyn Park, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | September 30 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000796505 |
Frequently Asked Questions
What was Clearfield's revenue in fiscal 2025?
Clearfield (CLFD) reported revenue of $150.1M for fiscal 2025.
What is Clearfield's annual revenue history?
Clearfield's annual revenue by fiscal year: 2020: $93.1M; 2021: $140.8M; 2022: $270.9M; 2023: $268.7M; 2024: $166.7M; 2025: $150.1M.
What was Clearfield's net income in fiscal 2025?
Clearfield reported net income of -$8.1M for fiscal 2025.
What was Clearfield's earnings per share (EPS) in fiscal 2025?
Clearfield's diluted EPS was -$0.58 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Clearfield generate in fiscal 2025?
Clearfield generated $21.8M of free cash flow in fiscal 2025.
What was Clearfield's revenue last quarter?
In its most recent reported quarter (2026 Q3), Clearfield reported revenue of $43.9M.
How many shares of Clearfield are outstanding?
Clearfield reported a weighted average of 13.6 million basic shares outstanding in 2026 Q3.
What is Clearfield's market cap?
Based on its latest closing price, Clearfield (CLFD) has a market capitalization of about $442.4M.
When does Clearfield's fiscal year end?
Clearfield's fiscal year end, as registered with the SEC, is September 30.
Where is Clearfield headquartered?
Clearfield lists its business address in Brooklyn Park, Minnesota in its SEC filings.