Clearfield, Inc.

Listed Company

CLFDCIK 0000796505NasdaqAcceleratedTelephone & Telegraph ApparatusMinnesotaFY ends Sep 30

Period

FY 2025

Revenue

$150.13M

Net Income

$-8.05M

Total Assets

$306.17M

Equity

$256.16M

Shares Out

13.69M

Op. Cash Flow

$26.55M

Business

Clearfield, Inc. designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery solutions to enable rapid, cost-effective fiber deployment across the broadband service provider space. It offers FieldSmart panels and cassettes, FieldShield microduct and drop assemblies, FiberFlex active cabinets, access terminals, factory-terminated plug-and-play fiber assemblies, custom fiber assemblies, and connector cleaning products. The company operates as a single reportable segment focused on fiber management, protection, and delivery with final build and assembly in U.S. and Mexico facilities. Its products sell primarily across North America and internationally to national carriers, community broadband providers, MSOs, large regional service providers, distributors, and through sales agents and representatives.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	150	126	226	271	141
Cost of sales	100	100	146	158	80
Gross profit	51	26	80	113	61
Selling, general and administrative	48	45	42	49	36
Income (loss) from continuing operations	2	−19	38	64	25
Net investment income	7	7	5	328,000	500,000
Interest expense	0	0	−170,000	−311,000	0
Income (loss) from continuing operations before income taxes	9	−12	43	64	26
Income tax expense (benefit)	2	−3	9	14	5
Income (loss) from continuing operations, net of tax	6	−9	34	—	—
(Loss) from discontinued operations, net of tax	−4	−4	−1	—	—
(Loss) from impairment of discontinued operations, net of tax	−10	0	0	—	—
Net (loss) income	−8	−12	33	49	20
Continuing operations (in dollars per share)	0.45	−0.58	2.25	—	—
Discontinued operations (in dollars per share)	−1.03	−0.27	−0.08	—	—
Basic (loss) earnings per share (in dollars per share)	−0.58	−0.85	2.17	3.58	1.48
Continuing operations (in dollars per share)	0.45	−0.58	2.25	—	—
Discontinued operations (in dollars per share)	−1.03	−0.27	−0.08	—	—
Diluted (loss) earnings per share (in dollars per share)	−0.58	−0.85	2.17	3.55	1.47
Basic (in shares)	14	15	15	14	14
Diluted (in shares)	14	15	15	14	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	21	14	38	17	13
Short-term investments	84	115	130	6	10
Accounts receivables, net	18	14	28	54	19
Inventories, net	42	56	98	82	28
Prepaid and other current assets	11	11	2	2	953,000
Current assets held for sale	21	20	—	—	—
Total current assets	198	230	296	160	72
Property, plant and equipment, net	10	16	22	18	5
Long-term investments	60	25	6	23	37
Goodwill	5	5	7	6	—
Intangible assets, net	9	5	6	6	5
Right-of-use lease assets	8	11	14	13	2
Deferred tax asset	10	6	3	1	365,000
Other non-current assets	608,000	963,000	2	582,000	419,000
Non-current assets held for sale	5	18	—	—	—
Total assets	306	315	356	229	126
Current portion of lease liability	3	3	4	3	915,000
Accounts payable	7	3	9	24	9
Accrued compensation	7	5	6	14	9
Accrued expenses	2	2	2	6	2
Current liabilities held for sale	18	12	—	—	—
Total current liabilities	37	24	29	52	20
Long-term portion of lease liability	6	9	11	10	2
Non-current liabilities held for sale	7	6	—	—	—
Total liabilities	50	40	40	82	22
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding	0	0	0	0	0
Common stock, authorized 50,000,000, $.01 par value; 13,839,675 and 14,229,107 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively	138,000	142,000	153,000	138,000	137,000
Additional paid-in capital	147	160	188	55	58
Accumulated other comprehensive income	2	1	544,000	2	0
Retained earnings	107	115	127	95	45
Total shareholders equity	256	276	315	148	104
Total Liabilities and Shareholders Equity	306	315	356	229	126

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net (loss) income	−8	−12	33	—	—
Depreciation and amortization	6	6	5	3	2
(Gain) loss on sale of assets	−284,000	10,000	3,000	13,000	0
Amortization of premium and discount on investments, net	−2	−4	−4	42,000	−7,000
Deferred taxes	−4	−3	−2	−326,000	−187,000
Stock-based compensation	5	4	4	2	1
Accounts receivable	−4	6	27	−24	−9
Inventories, net	14	26	−11	−44	−13
Other assets	173,000	−9	−309,000	−282,000	−531,000
Accounts payable and accrued expenses	6	264,000	−27	16	10
Net cash provided by operating activities (continuing)	27	18	25	—	—
Purchases of property, plant and equipment and intangible assets	−5	−8	−7	−9	−2
Proceeds from sale of property and equipment	903,000	45,000	0	—	—
Purchases of investments	−119	−159	−211	−248,000	−25
Proceeds from maturities of investments	116	162	107	17	13
Net cash used in investing activities (continuing)	−7	−5	−111	—	—
Repayment of long-term debt	0	0	−17	0	—
Proceeds from issuance of common stock under employee stock purchase plan	595,000	586,000	611,000	544,000	384,000
Repurchase of shares for payment of withholding taxes for vested restricted stock grants	−494,000	−493,000	−1	−1	−462,000
Withholding related to exercise of stock options	−689,000	−9,000	−491,000	−5	−458,000
Net proceeds from issuance of common stock	0	0	130	0	0
Issuance of stock under equity compensation plans	0	1,000	954,000	0	0
Repurchase of common stock	−17	−33	0	0	0
Net cash (used in) provided by financing activities (continuing)	−17	−33	113	—	—
Net cash provided by (used in) operating activities	3	4	−6	—	—
Net cash used in investing activities	−2	−2	−945,000	—	—
Net cash provided by (used in) financing activities	3	−4	2	—	—
Net cash provided by (used in) discontinued operations	4	−791,000	−6	—	—
Effect of exchange rates on cash and cash equivalents	−97,000	−81,000	−2,000	−24,000	0
Net increase (decrease) in cash and cash equivalents	6	−22	21	3	−3
Change in cash held for sale	1	−19,000	−1	—	—
Cash paid for income taxes	2	160,000	13	14	6
Cash paid for interest	0	0	170,000	119,000	0
Right of use assets obtained through lease liabilities	0	4	0	12	—
Cashless exercise of stock options	3	19,000	566,000	2	1

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro