ClearSign (CLIR) earnings
ClearSign earnings: last reported Wed, 19 Aug 2026, for the quarter ended Jun 2026.
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ClearSign Q2 FY26 — Strong Project Pipeline and New Licensing Model
What went well
- Revenue increased to $560,000 in Q2 FY26, up from $133,000 in Q2 FY25.
- Net loss decreased by $373,000 year-over-year in Q2 FY26.
- Secured 6 M-Series burner orders, including 5 large M1 units, with individual units priced up to $200,000.
What to watch
- Net cash used in operations increased to $1.2 million in Q2 FY26, up from $511,000 in Q2 FY25.
- A 36-burner process burner project in Texas is on hold due to client financing delays.
Performance −55.7% 1Y
1Y: $8.01 on 29 Sept 2025 → $3.55. High $10.6 (6 Oct 2025), low $3.25 (22 Jul 2026).
Quarterly results
Q2 FY26: revenue up 321.1%, net profit up 22.2% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 0 | 0 | 1 −45% | 4 +522% | 0 −52% | 1 +321% |
| EBITDA | -1 | -2 | -2 | -2 | -2 −22% | -1 +50% | -2 −1% | -1 +18% |
| Net profit | -1 | -1 | -2 | -2 | -1 −24% | -0 +73% | -2 −5% | -1 +22% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | $3.0K | $3.0K | $4.0K | $4.0K | $1.0K | $1.0K |
| Reserves | -$74.87M | -$82.77M | -$88.52M | -$93.72M | -$99.02M | -$104.51M |
| Total liabilities | $1.58M | $1.08M | $1.37M | $2.43M | $2.52M | $2.65M |
| Fixed assets | $427.0K | $530.0K | $384.0K | $275.0K | $238.0K | $195.0K |
| Investments | — | $0 | $2.61M | $0 | — | — |
| Total assets | $11.12M | $9.36M | $10.93M | $7.62M | $16.28M | $12.18M |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
15 filings between Feb 2, 2026 and Jul 22, 2026.
Open market
decisions to buy or sellPurchases
$1.80M
5 purchases by 2 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 2
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 5
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| PASQUESI JOHN M | $1.77M | — | Jul 22, 2026 |
| Silva Gil Todd | $27.7K | — | Apr 23, 2026 |
Latest filings (25)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 22, 2026 | PASQUESI JOHN M 10% owner | Purchase | 500,000 | $1.77M |
| Apr 23, 2026 | Silva Gil Todd Director | Purchase | 1,000 | $5.3K |
| Apr 23, 2026 | Silva Gil Todd Director | Purchase | 1,000 | $5.3K |
| Mar 17, 2026 | Silva Gil Todd Director | Purchase | 2,000 | $8.4K |
| Mar 16, 2026 | Silva Gil Todd Director | Purchase | 2,000 | $8.7K |
| Feb 26, 2026 | Deller Colin James Chief Executive Officer | Tax withheld | 3,501 | $19.7K |
| Feb 26, 2026 | Deller Colin James Chief Executive Officer | Award | 7,001 | $39.3K |
| Feb 26, 2026 | Hinds Brent Chief Financial Officer | Award | 56,645 | $0 |
| Feb 26, 2026 | Hinds Brent Chief Financial Officer | Tax withheld | 20,761 | $11.7K |
| Feb 22, 2026 | Hinds Brent Chief Financial Officer | Tax withheld | 2,765 | $1.6K |
| Feb 22, 2026 | Hinds Brent Chief Financial Officer | Option exercise | 7,547 | — |
| Feb 20, 2026 | Hinds Brent Chief Financial Officer | Option exercise | 9,315 | — |
| Feb 20, 2026 | Hinds Brent Chief Financial Officer | Tax withheld | 3,413 | $2.0K |
| Feb 2, 2026 | Hinds Brent Chief Financial Officer | Option exercise | 10,127 | — |
| Feb 2, 2026 | Hinds Brent Chief Financial Officer | Tax withheld | 3,711 | $2.2K |
| Feb 24, 2025 | Hinds Brent Chief Financial Officer | Option exercise | 7,547 | — |
| Feb 24, 2025 | Hinds Brent Chief Financial Officer | Tax withheld | 2,636 | $2.1K |
| Feb 20, 2025 | Deller Colin James Chief Executive Officer | Tax withheld | 49,846 | $42.8K |
| Feb 20, 2025 | Deller Colin James Chief Executive Officer | Award | 100,393 | $0 |
| Feb 20, 2025 | Hinds Brent Chief Financial Officer | Award | 51,176 | $0 |
| Feb 20, 2025 | Hinds Brent Chief Financial Officer | Tax withheld | 18,757 | $16.1K |
| Feb 2, 2025 | Hinds Brent Chief Financial Officer | Option exercise | 10,127 | — |
| Feb 2, 2025 | Hinds Brent Chief Financial Officer | Tax withheld | 3,712 | $4.5K |
| May 20, 2024 | Hinds Brent Chief Financial Officer | Option exercise | 2,627 | — |
| May 20, 2024 | Hinds Brent Chief Financial Officer | Tax withheld | 963 | $751 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.