For the twelve months ended Sep 30, 2026, Hut 8 Corp. reported $305.51M of revenue and -$518.65M of net income.
HUT revenue was $71.07M in fiscal Q3 2026 (ended Sep 30, 2026), down 14.9% from a year earlier and down 5.2% from the prior quarter. For the full fiscal 2025 it was $235.12M, up 44.8% from fiscal 2024.
HUT net income was $131.07M in fiscal Q3 2026 (ended Sep 30, 2026), up 161.6% from a year earlier. For the full fiscal 2025 it was -$226.15M, compared with $331.88M in fiscal 2024.
HUT diluted EPS was $0.98 in fiscal Q3 2026 (ended Sep 30, 2026), up 127.9% from a year earlier. For the full fiscal 2025 it was -$2.14, compared with $3.40 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Jun 30, 2022 |
|---|---|---|---|---|
| Revenue | $235.12M | $162.38M | $96.05M | $73.73M |
| Cost of revenue | $107.77M | $86.66M | $54.19M | $25.78M |
| Gross profit | $127.34M | $75.73M | $41.85M | $47.95M |
| Selling, general and admin | $122.81M | $72.92M | $49.13M | $31.32M |
| Operating income | -$321.99M | $460.54M | $9.40M | -$19.82M |
| Interest expense | $30.07M | $29.79M | $24.93M | $6.92M |
| Pre-tax income | -$299.83M | $451.91M | $21.96M | -$26.73M |
| Income tax | -$51.84M | $113.46M | $190.0K | $5.07M |
| Net income | -$226.15M | $331.88M | $21.85M | -$31.80M |
| EPS, basic | -$2.14 | $3.71 | $0.46 | -$0.94 |
| EPS, diluted | -$2.14 | $3.40 | $0.44 | -$0.94 |
| Diluted shares | 105.3M | 101.0M | 49.1M | 33.9M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Jun 30, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $44.91M | $85.64M | $30.50M | $21.07M |
| Receivables | $31.12M | $6.99M | $3.34M | $1.17M |
| Current assets | $408.18M | $256.84M | $61.62M | $37.08M |
| Goodwill | $210.09M | $53.08M | $57.59M | - |
| Total assets | $2.75B | $1.52B | $740.84M | $245.03M |
| Current liabilities | $375.58M | $153.96M | $112.56M | $100.16M |
| Short-term debt | - | $64.97M | $64.13M | $77.22M |
| Long-term debt | - | $235.62M | $123.32M | $51.06M |
| Total debt | - | $300.58M | $187.45M | $128.28M |
| Total liabilities | $1.06B | $538.28M | $253.20M | $157.42M |
| Shareholders' equity | $1.42B | $980.58M | $487.64M | $87.60M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Jun 30, 2022 |
|---|---|---|---|---|
| Operating cash flow | -$139.23M | -$68.53M | -$22.16M | -$42.91M |
| Investing cash flow | -$754.21M | -$188.47M | $86.98M | -$134.37M |
| Financing cash flow | $856.13M | $311.95M | -$40.91M | $191.63M |
| Stock-based compensation | $57.80M | $20.78M | $13.56M | $9.18M |
| Depreciation and amortization | $101.90M | $47.77M | $17.54M | $11.59M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Jun 30, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | 44.8% | 69.1% | 30.3% | - |
| Net income growth, YoY | - | 1418.9% | - | - |
| Gross margin | 54.2% | 46.6% | 43.6% | 65.0% |
| Operating margin | -136.9% | 283.6% | 9.8% | -26.9% |
| Net margin | -96.2% | 204.4% | 22.7% | -43.1% |
| Return on equity | -15.9% | 33.8% | 4.5% | -36.3% |
| Return on assets | -8.2% | 21.9% | 2.9% | -13.0% |
| Current ratio | 1.09 | 1.67 | 0.55 | 0.37 |
| Debt to equity | - | 0.31 | 0.38 | 1.46 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.07M | $74.93M | $71.02M | $88.49M | $83.51M | $41.30M | $21.82M | $31.69M | $43.73M | $35.22M | $51.74M | $38.17M |
| Cost of revenue | $30.23M | $26.89M | $25.55M | $35.01M | $32.33M | $21.78M | $18.66M | $20.31M | $17.56M | $20.64M | $28.15M | $20.17M |
| Gross profit | $40.85M | $48.04M | $45.47M | $53.48M | $51.18M | $19.52M | $3.16M | $11.38M | $26.18M | $14.58M | $23.59M | $17.99M |
| Selling, general and admin | $99.56M | $76.08M | $81.74M | $45.73M | $25.86M | $30.16M | $21.06M | $18.84M | $16.18M | $17.90M | $20.00M | $33.38M |
| Operating income | $318.21M | -$206.33M | -$370.37M | -$434.86M | $72.66M | $187.86M | -$147.65M | $281.91M | -$1.57M | -$86.69M | $266.89M | $10.90M |
| Interest expense | $105.51M | $51.16M | $9.24M | $5.59M | $8.62M | $8.40M | $7.47M | $9.56M | $7.94M | $6.01M | $6.28M | $5.98M |
| Pre-tax income | $241.16M | -$208.60M | -$302.08M | -$380.00M | $69.63M | $165.06M | -$154.52M | $260.15M | $1.36M | -$72.33M | $262.73M | $10.02M |
| Income tax | $51.66M | -$31.46M | -$48.94M | -$78.22M | $19.02M | $27.57M | -$20.20M | $110.48M | $453.0K | -$1.87M | $4.40M | -$482.0K |
| Net income | $131.07M | -$150.19M | -$219.85M | -$279.68M | $50.11M | $137.31M | -$133.89M | $152.22M | $647.0K | -$71.87M | $250.88M | $10.58M |
| EPS, basic | $1.07 | -$1.27 | -$1.98 | - | $0.48 | $1.32 | -$1.30 | $1.58 | $0.01 | -$0.78 | $2.90 | $0.19 |
| EPS, diluted | $0.98 | -$1.27 | -$1.98 | - | $0.43 | $1.18 | -$1.30 | $1.41 | $0.01 | -$0.78 | $2.76 | $0.17 |
| Diluted shares | 134.0M | 118.5M | 111.1M | - | 121.8M | 119.0M | 102.9M | - | 96.4M | 90.2M | 93.7M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $156.87M | $233.58M | $160.02M | $44.91M | $33.49M | $216.25M | $108.38M | $85.64M | $72.91M | $176.10M | $12.17M | $30.50M |
| Receivables | $6.06M | $11.93M | $7.19M | $31.12M | $6.67M | $8.50M | $4.46M | $6.99M | $6.07M | $5.86M | $7.74M | $3.34M |
| Current assets | $7.50B | $7.09B | $216.57M | $408.18M | $223.41M | $411.26M | $269.15M | $256.84M | $110.25M | $195.66M | $33.55M | $61.62M |
| Goodwill | $208.23M | $208.03M | $209.16M | $210.09M | $206.62M | $55.78M | $53.17M | $53.08M | $56.44M | $55.79M | $56.35M | $57.59M |
| Total assets | $10.33B | $9.98B | $2.61B | $2.75B | $2.69B | $2.02B | $1.57B | $1.52B | $1.10B | $1.09B | $999.04M | $740.84M |
| Current liabilities | $790.47M | $366.21M | $252.43M | $375.58M | $310.00M | $227.37M | $213.24M | $153.96M | $110.48M | $116.79M | $107.97M | $112.56M |
| Short-term debt | - | - | - | - | - | - | - | $64.97M | $64.96M | $64.96M | $66.98M | $64.13M |
| Long-term debt | - | - | - | - | - | - | - | $235.62M | $232.34M | $263.86M | $110.62M | $123.32M |
| Total debt | - | - | - | - | - | - | - | $300.58M | $297.30M | $328.82M | $177.60M | $187.45M |
| Total liabilities | $8.40B | $8.22B | $919.57M | $1.06B | $1.03B | $633.00M | $584.19M | $538.28M | $386.73M | $418.65M | $258.45M | $253.20M |
| Shareholders' equity | $1.56B | $1.75B | $1.69B | $1.42B | $1.65B | $1.39B | $987.70M | $980.58M | $712.50M | $668.32M | $740.59M | $487.64M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $27.81M | -$5.62M | -$27.22M | -$57.36M | $770.0K | -$48.79M | -$33.85M | -$21.64M | -$4.20M | -$16.35M | -$26.34M | -$21.82M |
| Investing cash flow | -$3.24B | -$583.96M | -$51.17M | -$302.37M | -$350.36M | -$43.24M | -$58.24M | -$127.77M | -$95.69M | $11.67M | $23.32M | $49.39M |
| Financing cash flow | -$99.14M | $7.45B | $191.00M | $368.51M | $166.85M | $205.25M | $115.52M | $162.33M | -$3.25M | $167.51M | -$14.65M | -$9.70M |
| Stock-based compensation | $64.74M | $51.24M | $50.87M | $40.05M | $6.32M | $7.64M | $3.79M | $4.34M | $4.96M | $7.01M | $4.47M | $11.91M |
| Depreciation and amortization | $40.15M | $39.73M | $38.44M | $39.75M | $27.80M | $19.46M | $14.90M | $14.31M | $10.46M | $11.53M | $11.47M | $6.08M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -14.9% | 81.4% | 225.5% | 179.2% | 90.9% | 17.3% | -57.8% | -17.0% | 101.5% | 71.5% | 230.7% | - |
| Net income growth, YoY | 161.6% | - | - | - | 7644.8% | - | - | 1338.5% | - | - | 1347.8% | - |
| EPS growth, YoY | 127.9% | - | - | - | 4200.0% | - | - | - | - | - | - | - |
| Gross margin | 57.5% | 64.1% | 64.0% | 60.4% | 61.3% | 47.3% | 14.5% | 35.9% | 59.9% | 41.4% | 45.6% | 47.1% |
| Operating margin | 447.7% | -275.4% | -521.5% | -491.4% | 87.0% | 454.9% | -676.8% | 889.5% | -3.6% | -246.2% | 515.8% | 28.6% |
| Net margin | 184.4% | -200.4% | -309.6% | -316.0% | 60.0% | 332.5% | -613.7% | 480.3% | 1.5% | -204.1% | 484.9% | 27.7% |
| Current ratio | 9.48 | 19.35 | 0.86 | 1.09 | 0.72 | 1.81 | 1.26 | 1.67 | 1.00 | 1.68 | 0.31 | 0.55 |
| Debt to equity | - | - | - | - | - | - | - | 0.31 | 0.42 | 0.49 | 0.24 | 0.38 |
Source: XBRL data Hut 8 Corp. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HUT | $305.51M | +71.3% | -$518.65M | -169.8% | $6.84B |
| MARA | $716.04M | -22.1% | -$2.94B | -411.2% | $2.57B |
| CIFR | $146.09M | -29.2% | -$1.08B | -742.3% | $3.11B |
| RIOT | $675.71M | +6.1% | -$1.42B | -210.8% | $6.63B |
| CLSK | $766.31M | +102.2% | $364.46M | 47.6% | $1.77B |
| WULF | $190.84M | +13.9% | -$784.22M | -410.9% | $6.18B |
| BTDR | $620.25M | +77.3% | $65.60M | 10.6% | $1.79B |
| CORZ | $592.07M | +77.2% | -$108.41M | -18.3% | $4.10B |