Clearfield, Inc. (CLFD)
Clearfield, Inc. brought in $153.7M of revenue over the twelve months to June 30, 2026, up 34.0% from a year earlier. It posted a net loss of $7.2M. Operating cash flow minus capital spending left $21.8M of free cash flow in fiscal 2025. At June 30, 2026 it held $20.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
Key facts about Clearfield, Inc.
- Net worth
- Clearfield, Inc. has a market value (market cap) of $410.1M at the latest share price, and shareholders' equity of $245.9M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $150.1M (+19.6% year on year), with a net loss of $8.1M. Over the 12 months to June 30, 2026: revenue $153.7M, net loss $7.2M.
- Cash flow
- In fiscal 2025 operations brought in $26.6M of cash; after $4.7M of capital spending, free cash flow was $21.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Clearfield, Inc.'s next report is expected around November 24, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Clearfield, Inc. does
Clearfield, Inc. is registered with the SEC under industry code SIC 3661 (Telephone & Telegraph Apparatus). Its shares trade on NASDAQ under the ticker CLFD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $150.1M | -$8.1M | -$0.58 | $21.8M |
| 2024 | $125.6M | -$12.5M | -$0.85 | $12.7M |
| 2023 | $225.7M | $32.5M | $2.17 | $10.7M |
| 2022 | $270.9M | $49.4M | $3.55 | -$6.2M |
| 2021 | $140.8M | $20.3M | $1.47 | $8.9M |
| 2020 | $93.1M | $7.3M | $0.53 | $4.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CLFD ranks in Utilities
Latest SEC filings
What Clearfield, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 20, 2026
- October 19, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 13% to $43.9M versus the same quarter last year; diluted EPS $0.22 versus $0.11.
- August 5, 2026
- July 28, 2026
- July 27, 2026Passive stake (5% or more) SCHEDULE 13G
- May 27, 2026
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 15% to $34.4M versus the same quarter last year; diluted EPS -$0.04 versus $0.09.
- May 6, 2026
- April 30, 2026
What is CLFD worth? A DCF from its reported cash flow
Insider trades
What the people running Clearfield, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 1, 2026 | Beranek CherylChief Executive Officer, Director | Soldpre-planned (10b5-1) | 1,778 | $71.2K |
| June 30, 2026 | Beranek CherylChief Executive Officer, Director | Received as pay | 210 | $5.2K |
| June 30, 2026 | Hill John PChief Operating Officer | Received as pay | 459 | $11.4K |
| June 30, 2026 | Khemakhem AnisChief Commercial Officer | Received as pay | 158 | $3.9K |
| June 30, 2026 | Herzog Daniel RChief Financial Officer | Received as pay | 752 | $18.6K |
| June 9, 2026 | Khemakhem AnisChief Commercial Officer | Sold | 1,684 | $67.2K |
| June 1, 2026 | Beranek CherylChief Executive Officer, Director | Soldpre-planned (10b5-1) | 7,500 | $351.9K |
| May 27, 2026 | Beranek CherylChief Executive Officer, Director | Soldpre-planned (10b5-1) | 2,500 | $125K |
Who owns CLFD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Ronald G. Roth13G, passive | 10.5% | February 13, 2026 |
| Orin Hirschman13G, passive with 1 related filers | 9% | October 19, 2026 |
| Mairs and Power, Inc.13G, passive | 6.03% | May 15, 2025 |
| ACK Asset Management LLC13G, passive with 2 related filers | 5.1% | April 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 126 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| AIGH Capital Management LLC | 1,008,469 | new |
| BlackRock, Inc. | 957,424 | +59,556 |
| ACK Asset Management LLC | 810,200 | +75,000 |
| Vanguard Capital Management LLC | 481,816 | -28,020 |
| Mairs & Power Inc | 385,257 | -346,476 |
| Vanguard Portfolio Management LLC | 371,245 | +15,492 |
| State Street Corp | 363,209 | +40,964 |
| Dimensional Fund Advisors LP | 357,104 | +3,618 |
| Geode Capital Management, LLC | 302,039 | +16,198 |
| Punch & Associates Investment Management, Inc. | 277,610 | -12,000 |
| Royal Bank of Canada | 262,147 | -20,203 |
| Royce & Associates LP | 256,990 | 0 |
| D. E. Shaw & Co., Inc. | 227,722 | +86,750 |
| Dana Investment Advisors, Inc. | 161,550 | -17,812 |
| Jpmorgan Chase & Co | 164,458 | -66,731 |
| Millennium Management LLC | 142,431 | +94,498 |
| Goldman Sachs Group Inc | 139,129 | +63,449 |
| Citadel Advisors LLC | 131,916 | -121,020 |
| Divisadero Street Capital Management, LP | 130,783 | new |
| Northern Trust Corp | 125,744 | +3,794 |
Insiders
12 insiders reported holding 3,683,247 shares in total, about $111.2M at the last price.
| Holder | Shares |
|---|---|
| Beranek CherylChief Executive Officer, Director | 1,501,515 |
| Roth Ronald GDirector, 10% owner | 1,281,808 |
| Hill John PChief Operating Officer | 559,630 |
| Herzog Daniel RChief Financial Officer | 244,327 |
| Khemakhem AnisChief Commercial Officer | 50,410 |
| Hayward Donald R.Director | 10,870 |
| Wirsbinski Carol AnnDirector | 9,631 |
| Jones Walter Louis JRDirector | 8,682 |
| Sarcevic AdemirDirector | 5,317 |
| Kelly Catherine T.Director | 5,317 |
Questions about CLFD
What does Clearfield, Inc. do?
Clearfield, Inc. is a company in the Utilities sector, listed on NASDAQ as CLFD. Its shares trade on NASDAQ under the ticker CLFD.
What is Clearfield, Inc.'s net worth?
Clearfield, Inc. has a market value (market cap) of $410.1M at the latest share price, and shareholders' equity of $245.9M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Clearfield, Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $7.2M on revenue of $153.7M.
How much revenue does Clearfield, Inc. make?
Over the twelve months to June 30, 2026 Clearfield, Inc. reported revenue of $153.7M. That is 34.0% more than a year earlier.
When did Clearfield, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the executive or director change from October 20, 2026.
When is Clearfield, Inc.'s next earnings report?
Clearfield, Inc.'s next report is expected around November 24, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare CLFD with
Follow CLFD
Get an email when Clearfield, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Clearfield, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.