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Clearfield Inc

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What Do They Do?

Designs, manufactures and distributes fiber management, protection and delivery products for broadband service providers, including telecom carriers, cable operators and utilities.

How Do They Make Money?

It sells products under short-term contracts, with customers paying within a year or less after the products are shipped.

FY2025 revenue

Who Are Their Customers?

Broadband service providers—including carriers, cable operators, utilities, municipalities and alternative carriers—and original equipment manufacturers buying custom cable assemblies are customers. They buy directly or through authorized distributors; Clearfield also uses sales representatives and agents.

Customers above 10% of revenue, FY2025
of revenue from two customers (18%, 13%)
FY2023: 29% from two customers

Do Revenues Turn Into Profits?

No. It lost $8.1M in FY2025.

Operating income, FY2025
1% of revenue
▲ Now profitable vs FY2024 (−$19.2M, −15%)
Net income, FY2025
−5% of revenue
▼ −35% (Loss) vs FY2024 (−$12.5M, −10%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jun 30, 2026
Revenue
▲ +13%
vs $38.8M in Q3 FY2025
Net income
▲ +87%
vs $1.6M in Q3 FY2025

Flat. Revenue was $150.1M in FY2025, about the same as the $140.8M of FY2021.

Exited cable manufacturing Earlier reports included Nestor Cables, which made fiber-optic and copper telecommunications cables; the latest report says Clearfield sold that business and describes its continuing business as fiber management, protection and delivery products.

Who Do They Compete With?

Competes with Corning Cabling Systems, OFS, AFL Telecommunications, Fujikura, Nokia, Hexatronics Group, Amphenol, CommScope, Vertiv, Charles Industries, Belden, and Emtelle UK

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