NASDAQ · Financial Statements

Hut 8 Corp. (HUT) Financial Statements

$61.23 NASDAQ: HUT Market Cap $7.55B

Hut 8 Corp. most recently reported annual revenue of $15.0M, a net loss of $226.0M. Revenue grew at an average annual rate of 10.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Hut 8 Corp.: net profit was positive in 4 of 10 reported years; operating margin moved from 20.4% to -2104.6%, a shift of -2125.1 percentage points; the most recent year shows a net loss of $226.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$0$7.0M$49.0M$82.0M$9.0M$79.0M$65.0M$72.0M$162.0M$15.0M
Operating Expenses$0$5.0M$98.0M$76.0M$32.0M$105.0M$117.0M$65.0M$-298.0M$332.0M
Operating Profit$0$1.0M$-48.0M$6.0M$-23.0M$-26.0M$-52.0M$7.0M$461.0M$-317.0M
Operating Margin0.0%20.4%-97.4%7.3%-257.1%-32.2%-79.2%9.8%283.6%-2104.6%
Other Income$0$0$-89.0M$-4.0M$0$-9.0M$1.0M$9.0M$-9.0M$18.0M
Interest$0$0$1.0M$5.0M$2.0M$1.0M$6.0M$19.0M$30.0M$30.0M
Depreciation$0$1.0M$47.0M$33.0M$5.0M$12.0M$14.0M$8.0M$47.0M$105.0M
Profit Before Tax$0$1.0M$-137.0M$2.0M$-24.0M$-34.0M$-50.0M$17.0M$452.0M$-300.0M
Tax$0$15.8M$0$0$60.3M$-19.0M$1.8M$870,000$25.1M$17.3M
Net Profit$0$1.0M$-137.0M$2.0M$-19.0M$-32.0M$-50.0M$16.0M$332.0M$-226.0M
EPS$-9.32$49.88$-8.11$0.12$-1.02$-1.53$-4.97$0.44$3.40$-2.14
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$22.0M$29.0M$52.0M$-37.0M$44.0M$340.0M$22.0M$41.0M$160.0M$-313.0M$71.0M$75.0M
Operating Expenses$22.0M$21.0M$-215.0M$50.0M$45.0M$58.0M$169.0M$-147.0M$86.0M$120.0M$146.0M$281.0M
Operating Profit$-1.0M$8.0M$267.0M$-87.0M$-2.0M$282.0M$-148.0M$188.0M$74.0M$-434.0M$-75.0M$-206.0M
Operating Margin-3.1%28.6%515.8%236.7%-3.6%83.0%-676.8%454.9%46.3%138.4%-105.2%-275.4%
Interest$6.0M$5.0M$6.0M$6.0M$8.0M$10.0M$7.0M$8.0M$9.0M$6.0M$9.0M$51.0M
Profit Before Tax$-4.0M$8.0M$263.0M$-72.0M$1.0M$260.0M$-155.0M$165.0M$70.0M$-380.0M$-302.0M$-209.0M
Tax$-1.4M$-4.8M$1.7M$2.6M$33.3M$42.5M$13.1M$16.7M$27.3M$20.6M$16.2M$-15.1M
Net Profit$-4.0M$8.0M$251.0M$-72.0M$1.0M$152.0M$-134.0M$137.0M$50.0M$-280.0M$-220.0M$-150.0M
EPS$-0.10$0.21$2.68$-0.78$0.01$1.53$-1.30$1.18$0.43$-2.58$-1.98$-1.27

Over the 10 years reported for Hut 8 Corp., cash stood at $45.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.09 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$0$0$83.0M$71.0M$43.0M$721.0M$312.0M$977.0M$1.5B$2.8B
Current Assets$0$0$4.0M$15.0M$10.0M$468.0M$185.0M$81.0M$257.0M$408.0M
Cash$0$0$4.0M$3.0M$7.0M$140.0M$23.0M$41.0M$85.0M$45.0M
Inventory$0$0$0$0$0$3.0M$7.0M$0$0$0
Receivables$0$0$0$1.0M$0$1.0M$1.0M$4.0M$8.0M$31.0M
Fixed Assets$0$0$58.0M$34.0M$7.0M$207.0M$94.0M$175.0M$242.0M$662.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$16.0M$3.0M$0$71.0M$116.0M$88.0M$6.0M
Other Assets$0$0$0$0$0$0$9.0M$76.0M$53.0M$210.0M
Total Liabilities$0$0$50.0M$29.0M$6.0M$155.0M$42.0M$334.0M$538.0M$1.1B
Current Liabilities$0$0$22.0M$9.0M$6.0M$26.0M$23.0M$112.0M$154.0M$376.0M
Borrowings$0$0$32.0M$26.0M$5.0M$41.0M$36.0M$203.0M$346.0M$429.0M
Other Liabilities$0$0$18.0M$2.0M$2.0M$114.0M$6.0M$131.0M$193.0M$635.0M
Equity$1.0M$1.0M$163.0M$171.0M$0$637.0M$579.0M$1.0M$1.0M$1.0M
Reserves$0$0$33.0M$43.0M$37.0M$566.0M$270.0M$643.0M$977.0M$1.4B

For Hut 8 Corp., operating cash flow was positive in 2 of 10 reported years; free cash flow in the latest year was negative at $787.0M; free cash flow was positive in 1 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$0$49.0M$-7.0M$15.0M$-1.0M$-80.0M$-79.0M$-26.0M$-69.0M$-139.0M
Investing Cash Flow$0$-105.0M$-175.0M$-19.0M$-13.0M$-321.0M$-133.0M$181.0M$-453.0M$-1.4B
Financing Cash Flow$0$143.0M$-4.0M$0$0$262.0M$-15.0M$-47.0M$21.0M$13.0M
Net Cash Flow$0$0$-20.0M$-1.0M$0$137.0M$-83.0M$8.0M$55.0M$-37.0M
Free Cash Flow$0$-3.0M$-91.0M$5.0M$-7.0M$-167.0M$-134.0M$-27.0M$-333.0M$-787.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.17
EV / EBITDA239.14
FCF Yield-7.08%
Quick Ratio0.86
Interest Coverage-1.33
Return 1Y122.65%
Return 3Y808.57%
Return 5Y87.82%

Hut 8 Corp. (HUT) financials — frequently asked questions

What is Hut 8 Corp.'s annual revenue?

Hut 8 Corp. (HUT) reported annual revenue of $15.0M in its most recent fiscal year.

What is Hut 8 Corp.'s net profit?

Hut 8 Corp. (HUT) reported a net loss of $226.0M in its most recent fiscal year.

What is HUT EV/EBITDA?

Hut 8 Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is 239.14.

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