Clearfield, Inc. (CLFD) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — CLFD

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q3 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	9.40	13.88	33.87	28.85	30.45	25.62	15.82	31.39	137.08	14.19	13.92	12.68	21.31	22.34	19.15
Short-term Investments	81.67	82.56	83.36	83.14	82.56	98.20	127.09	130.73	19.98	3.89	0.74	10.37	10.86	9.96	9.13
Accounts Receivable	20.87	14.97	26.61	24.20	14.06	27.64	21.90	31.94	39.38	31.59	21.84	16.33	16.18	13.20	9.80
Inventory	36.92	40.20	53.75	56.08	59.22	74.87	83.99	105.00	100.84	69.34	60.92	43.57	20.98	14.63	13.69
Total Current Assets	163.00	165.74	212.64	206.27	197.91	236.20	257.43	303.14	300.94	120.07	99.02	84.04	69.98	60.84	52.21
Property, Plant & Equipment	9.45	9.48	19.74	25.17	23.72	21.49	22.43	21.32	21.09	9.57	8.70	6.57	4.93	4.75	5.00
Goodwill	--	--	6.74	6.57	6.49	6.55	6.57	--	6.59	4.71	4.71	4.71	4.71	4.71	4.71
Intangible Assets	8.40	8.93	10.67	5.87	6.10	6.40	6.22	6.34	6.46	4.69	4.49	4.55	4.77	4.79	4.75
Total Non-current Assets*	100.55	102.31	102.07	104.59	105.32	81.89	57.97	58.06	56.46	57.88	60.95	53.72	44.07	42.98	43.98
Total Assets	263.55	268.05	314.71	310.86	303.23	318.10	315.40	361.20	357.40	177.95	159.97	137.76	114.06	103.82	96.19
Accounts Payable	3.68	3.85	8.69	8.68	4.33	9.05	5.91	11.64	16.68	16.24	15.02	12.37	6.65	5.01	1.87
Short-term Debt	--	--	--	--	--	0.00	2.16	2.17	--	--	--	--	--	--	--
Total Current Liabilities	12.69	13.21	35.89	30.50	18.73	28.17	26.38	36.91	40.05	30.69	25.35	22.08	15.71	11.89	7.77
Long-term Debt	--	--	0.00	0.00	2.07	2.14	--	0.00	0.00	--	--	--	--	--	--
Total Non-current Liabilities*	8.05	5.19	14.35	14.46	17.07	15.35	9.82	12.35	11.95	10.48	11.19	1.21	1.85	2.08	2.31
Total Liabilities	20.74	18.40	50.23	44.96	35.80	43.52	36.20	49.27	52.00	41.17	36.54	23.29	17.56	13.97	10.08
Retained Earnings	105.77	106.30	115.99	114.38	113.06	115.79	116.24	124.64	119.42	77.81	65.07	55.83	38.02	31.92	28.28
Total Stockholder Equity	242.81	249.65	264.48	265.90	267.44	274.57	279.21	311.93	305.40	136.77	123.43	114.47	96.49	89.85	86.11

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q4 2023	Q3 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Total Revenue	34.39	34.34	17.59	49.90	47.17	35.48	46.77	48.79	36.91	49.69	61.28	71.81	95.03	71.25	53.50	51.11	45.24	38.74	29.69	27.09
Cost of Revenue	23.23	22.95	4.66	34.67	32.98	27.29	36.10	38.10	34.08	37.69	145.75	48.25	57.53	41.94	30.33	28.14	25.51	21.60	16.75	15.72
Gross Profit	11.16	11.39	12.93	15.23	14.19	8.18	10.67	10.69	2.83	11.99	19.07	23.56	37.50	29.31	23.16	22.97	19.73	17.14	12.94	11.37
Selling, General & Admin	13.23	13.21	8.59	13.74	13.93	12.16	13.68	13.00	12.57	10.28	13.45	11.51	15.25	12.72	11.23	9.92	10.36	9.44	8.49	7.66
Total Operating Expenses*	13.23	13.21	8.59	13.74	13.93	12.16	13.68	38.43	12.57	10.28	13.45	11.51	15.25	12.72	11.23	9.92	10.36	9.44	8.49	7.66
Operating Income	(2.07)	(1.82)	4.34	1.50	0.26	(3.98)	(3.01)	(2.31)	(9.74)	1.72	5.63	12.06	22.25	16.59	11.93	13.05	9.37	7.70	4.45	3.71
Interest Expense	--	--	--	0.11	0.07	0.10	0.13	0.15	0.10	0.33	0.20	0.11	--	--	--	--	--	--	--	--
Pretax Income	(0.70)	(0.28)	6.24	2.98	1.78	(2.33)	(1.32)	(0.72)	(7.99)	3.26	7.06	13.34	21.98	16.63	12.05	13.17	9.49	7.82	4.57	3.85
Tax Provision	(0.18)	-0.00	0.96	1.37	0.46	(0.43)	(0.49)	(0.28)	(2.08)	0.57	1.84	2.97	4.99	3.88	2.82	2.78	2.06	1.73	0.94	0.68
Net Income	(0.53)	(0.61)	(9.08)	1.61	1.33	(1.91)	(0.83)	(0.45)	(5.91)	2.70	5.22	10.36	16.99	12.75	9.24	10.39	7.43	6.10	3.64	3.16
Basic EPS	(0.04)	(0.04)	(0.65)	0.11	0.09	(0.13)	(0.06)	(0.04)	(0.40)	0.16	0.33	0.67	1.22	0.93	0.67	0.76	0.54	0.44	0.27	0.23
Diluted EPS	(0.04)	(0.04)	(0.65)	0.11	0.09	(0.13)	(0.06)	(0.04)	(0.40)	0.17	0.33	0.67	1.22	0.92	0.66	0.75	0.53	0.44	0.27	0.23

* Derived from reported values

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q4 2023	Q3 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Operating Cash Flow	(1.07)	(1.44)	--	7.92	3.05	7.15	13.76	3.87	4.60	6.53	13.48	1.10	10.29	1.99	(11.25)	(0.03)	2.79	1.42	3.98	2.72
Capital Expenditures	1.02	0.99	(0.48)	0.41	2.39	2.07	3.96	1.22	1.97	1.15	1.73	2.58	2.38	1.92	2.79	2.05	--	0.59	0.30	0.38
Free Cash Flow*	(2.09)	(2.43)	--	7.51	0.65	5.08	9.80	2.65	2.63	5.38	11.75	(1.48)	7.91	0.07	(14.04)	(2.08)	--	0.82	3.68	2.34
Investing Cash Flow	--	--	--	0.84	(2.17)	13.39	(19.22)	11.17	1.16	0.13	(112.37)	(101.09)	(18.57)	(1.92)	12.62	(0.32)	(10.46)	(2.66)	(0.56)	0.08
Financing Cash Flow	--	--	--	(3.60)	(2.37)	(6.39)	(3.87)	(5.22)	(27.81)	(0.26)	113.68	113.52	10.76	0.20	(0.13)	(0.18)	(0.41)	0.20	(0.24)	(0.09)

* Derived from reported values