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Hut 8 Corp.(HUT)Earnings, Financials & Key Ratios
HUT•NASDAQ•Banking & Credit
$80.50
$8.86B mkt cap·Price updated May 6, 2026
AboutHut 8 Corp Hut 8 Corp. is a vertically integrated operator of large-scale energy infrastructure and Bitcoin miners. The Company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads such as Bitcoin mining, high performance computing, and artificial intelligence.Show more
- Net Interest Income-$30M-0.9%
- Total Revenue$235M+44.8%
- Net Income-$226M-168.1%
- Return on Equity-16.94%-141.4%
- Net Interest Margin-1.09%+44.3%
- Efficiency Ratio228.23%+196.3%
- ROA-10.59%-139.8%
- Equity / Assets61.35%-5.0%
- Book Value per Share16.04+65.3%
- Tangible BV/Share13.94+54.1%
- Debt/Equity0.25-27.9%
HUT Key Insights
Hut 8 Corp. (HUT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 94 (top 6%)
- ✓Well capitalized: 61.4% equity/assets
- ✓Diversified revenue: 100.0% from non-interest income
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak NIM of -1.1%
- ✗High cost structure: 228.2% efficiency ratio
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HUT Price & Volume
Hut 8 Corp. (HUT) stock price & volume — 10-year historical chart
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HUT Growth Metrics
Hut 8 Corp. (HUT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years42.01%
3 Years39.43%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-168.14%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-162.94%
Return on Capital
10 Years329.67%
5 Years1.63%
3 Years8.78%
Last Year-17.2%
HUT Recent Earnings
Hut 8 Corp. (HUT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 2/12 qtrs (17%)
Q1 2026Latest
Feb 25, 2026EPS
$0.36
Est $0.15
+340.0%
Revenue
$88M
Est $93M
-5.2%
Q4 2025
Nov 4, 2025EPS
$0.07
Est $0.16
+56.3%
Revenue
$84M
Est $93M
-10.2%
Q3 2025
Aug 7, 2025EPS
$0.14
Est $0.15
+6.7%
Revenue
$41M
Est $65M
-36.2%
Q2 2025
May 8, 2025EPS
$0.18
Est $0.12
-50.0%
Revenue
$22M
Est $49M
-55.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.36vs $0.15+340.0% | $88Mvs $93M-5.2% |
| Q4 2025 | Nov 4, 2025 | $0.07vs $0.16+56.3% | $84Mvs $93M-10.2% |
| Q3 2025 | Aug 7, 2025 | $0.14vs $0.15+6.7% | $41Mvs $65M-36.2% |
| Q2 2025 | May 8, 2025 | $0.18vs $0.12-50.0% | $22Mvs $49M-55.6% |
Based on last 12 quarters of dataView full earnings history →
HUT Peer Comparison
Hut 8 Corp. (HUT) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.62B | 12.16 | -3.30 | 38.2% | -144.58% | -30.54% | 1.05 | |
 RIOT | 7.71B | 20.35 | -10.43 | 71.89% | -102.43% | -28.78% | 0.10 | |
 CLSK | 3.43B | 13.41 | 11.97 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.97B | 22.10 | -10.28 | 48.04% | -367.17% | -115.53% | 3.31 | |
 BTBT | 576.6M | 1.79 | 8.95 | 264.59% | 17.29% | 21.41% | 0.03 | |
 CORZ | 6.97B | 22.19 | -25.22 | -37.53% | -90.47% | |||
 IREN | 18.19B | 54.74 | 140.36 | 167.65% | 17.35% | -0.64% | 0.53 | |
 BITF | 1.29B | 2.16 | -16.62 | 31.78% | -28.03% | -21.32% | 0.04 |
Compare HUT vs Peers
Hut 8 Corp. (HUT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HUT Income Statement
Hut 8 Corp. (HUT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Jun'23 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | -872.1K | -4.78M | -2.44M | 1.5M | -6.67M | -24.93M | -29.79M | -30.07M |
| NII Growth % | - | - | -448.65% | 48.99% | 161.39% | -545.15% | -273.81% | -19.5% | -0.94% |
| Net Interest Margin % | 0% | -1.05% | -6.72% | -5.65% | 0.21% | -1.62% | -2.55% | -1.96% | -1.09% |
| Interest Income | 0 | 32.41K | 41.24K | 8.3K | 2.85M | 922K | 0 | 0 | 0 |
| Interest Expense | 0 | 904.51K | 4.83M | 2.45M | 1.36M | 7.59M | 24.93M | 29.79M | 30.07M |
| Loan Loss Provision | 788.53K | 72.02M | 75.03M | 59.36M | 24.43M | 35.52M | 29.26M | 56.86M | -9.56M |
| Non-Interest Income | 6.74M | 49.41M | 81.95M | 40.7M | 76.33M | 85.81M | 96.05M | 162.38M | 235.12M |
| Non-Interest Income % | 100% | 99.93% | 99.95% | 99.98% | 96.4% | 98.94% | 100% | 100% | 100% |
| Total Revenue | 6.74M▲ 0% | 49.44M▲ 633.6% | 81.99M▲ 65.8% | 40.71M▼ 50.3% | 79.19M▲ 94.5% | 86.74M▲ 9.5% | 96.05M▲ 10.7% | 162.38M▲ 69.1% | 235.12M▲ 44.8% |
| Revenue Growth % | - | 633.59% | 65.84% | -50.35% | 94.51% | 9.54% | 10.73% | 69.07% | 44.79% |
| Non-Interest Expense | 5.28M | 25.62M | 4.76M | 2.57M | 73.22M | 112.31M | 32.46M | -384.81M | 536.6M |
| Efficiency Ratio | 78.3% | 51.83% | 5.81% | 6.31% | 92.46% | 129.49% | 33.79% | -236.97% | 228.23% |
| Operating Income | 1.38M▲ 0% | -49.11M▼ 3664.7% | -2.66M▲ 94.6% | -7.14M▼ 168.5% | -19.82M▼ 177.6% | -68.69M▼ 246.7% | 9.4M▲ 113.7% | 460.54M▲ 4801.4% | -321.99M▼ 169.9% |
| Operating Margin % | 20.44% | -99.33% | -3.24% | -17.53% | -25.02% | -79.19% | 9.78% | 283.61% | -136.95% |
| Operating Income Growth % | 1400.11% | -3664.72% | 94.59% | -168.51% | -177.59% | -246.65% | 113.68% | 4801.44% | -169.92% |
| Pretax Income | 673.63K▲ 0% | -136.77M▼ 20402.7% | 2.13M▲ 101.6% | 3.99M▲ 87.3% | -26.73M▼ 769.8% | -66.81M▼ 149.9% | 21.96M▲ 132.9% | 451.91M▲ 1957.6% | -299.83M▼ 166.3% |
| Pretax Margin % | 10% | -276.63% | 2.6% | 9.8% | -33.76% | -77.02% | 22.87% | 278.3% | -127.52% |
| Income Tax | 106.56K | 86.08M | 4.76M | -15.05M | 5.07M | -1.2M | 190K | 113.46M | 51.84M |
| Effective Tax Rate % | 15.82% | -62.94% | 223.36% | -377.02% | -18.96% | 1.79% | 0.87% | 25.11% | -17.29% |
| Net Income | 567.07K▲ 0% | -136.77M▼ 24217.8% | 2.13M▲ 101.6% | -19.31M▼ 1006.1% | -31.8M▼ 64.7% | -65.61M▼ 106.3% | 21.85M▲ 133.3% | 331.88M▲ 1418.9% | -226.15M▼ 168.1% |
| Net Margin % | 8.41% | -276.63% | 2.6% | -47.42% | -40.16% | -75.64% | 22.75% | 204.38% | -96.19% |
| Net Income Growth % | 635.18% | -24217.84% | 101.56% | -1006.15% | -64.73% | -106.3% | 133.3% | 1418.91% | -168.14% |
| Net Income (Continuing) | 567.07K | - | - | - | - | -65.61M | 21.77M | 338.45M | -226.15M |
| EPS (Diluted) | 49.88▲ 0% | -8.11▼ 116.3% | 0.10▲ 101.2% | 1.00▲ 900.0% | -1.53▼ 253.0% | -6.47▼ 322.9% | 0.56▲ 108.7% | 3.40▲ 507.1% | -2.14▼ 162.9% |
| EPS Growth % | 635.19% | -116.26% | 101.23% | 900% | -253% | -322.88% | 108.66% | 507.14% | -162.94% |
| EPS (Basic) | 49.88 | -8.11 | 0.10 | 1.00 | -1.53 | -6.47 | 0.57 | 3.71 | -2.14 |
| Diluted Shares Outstanding | 11.37K | 16.86M | 18.12M | 18.85M | 26.83M | 37.55M | 49.81M | 101.05M | 105.33M |
HUT Balance Sheet
Hut 8 Corp. (HUT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Jun'23 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 259.52K | 3.56M | 2.95M | 9.74M | 140.13M | 30.52M | 47.36M | 85.04M | 44.91M |
| Cash & Due from Banks | 259.52K | 3.56M | 2.95M | 6.72M | 140.13M | 30.52M | 40.82M | 85.04M | 44.91M |
| Short Term Investments | 0 | 0 | 0 | 3.02M | 0 | 0 | 6.54M | 0 | 0 |
| Total Investments | 0 | 0 | 15.88M | 3.02M | 0 | 93.58M | 115.53M | 88.39M | 6.38M |
| Investments Growth % | - | - | - | -81% | -100% | - | 23.46% | -23.49% | -92.78% |
| Long-Term Investments | 0 | 0 | 15.88M | 0 | 0 | 93.58M | 108.99M | 88.39M | 6.38M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 1.59M | 4.4M | 6.99M | 31.12M |
| Goodwill & Intangibles | 0 | 381.2K | 625K | 0 | 0 | 15.13M | 98.84M | 66.36M | 221.23M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 11.54M | 75.94M | 53.08M | 210.09M |
| Intangible Assets | 0 | 381.2K | 625K | 0 | 0 | 3.59M | 22.89M | 13.27M | 11.14M |
| PP&E (Net) | 0 | 58.13M | 34.38M | 7.42M | 206.89M | 124.96M | 174.85M | 242.27M | 661.74M |
| Other Assets | 0 | 20.75M | 21.54M | 23.87M | 45.74M | 27.22M | 512.57M | 865M | 1.46B |
| Total Current Assets | 262.79K | 3.64M | 14.69M | 9.78M | 468.08M | 245.62M | 81.25M | 256.84M | 408.18M |
| Total Non-Current Assets | 0 | 79.26M | 56.54M | 33.38M | 252.63M | 167.31M | 895.62M | 1.26B | 2.35B |
| Total Assets | 262.79K▲ 0% | 82.9M▲ 31443.9% | 71.24M▼ 14.1% | 43.16M▼ 39.4% | 720.71M▲ 1569.7% | 412.94M▼ 42.7% | 976.87M▲ 136.6% | 1.52B▲ 55.5% | 2.75B▲ 81.3% |
| Asset Growth % | -9.88% | 31443.89% | -14.06% | -39.41% | 1569.7% | -42.7% | 136.57% | 55.48% | 81.3% |
| Return on Assets (ROA) | 204.58% | -328.93% | 2.76% | -33.75% | -8.33% | -11.58% | 3.14% | 26.6% | -10.59% |
| Accounts Payable | 0 | 16.87M | 563.87K | 1.46M | 7.07M | 5.96M | 19.73M | 11.29M | 0 |
| Total Debt | 0 | 32.37M | 26.04M | 4.6M | 40.69M | 47.42M | 268.75M | 345.65M | 429.33M |
| Net Debt | -259.52K | 28.81M | 23.09M | -2.12M | -99.43M | 16.9M | 227.93M | 260.61M | 384.42M |
| Long-Term Debt | 0 | 28.3M | 19.81M | 0 | 24.2M | 31.2M | 162.61M | 235.62M | 226.51M |
| Short-Term Debt | 0 | 4.07M | 6.23M | 4.09M | 16.49M | 16.22M | 87.16M | 64.97M | 202.82M |
| Other Liabilities | 0 | 0 | 0 | 0 | 99.02M | 212K | 22.04M | 0 | 332.3M |
| Total Current Liabilities | 253.07K | 21.94M | 8.73M | 6.13M | 26.06M | 30.13M | 148.42M | 153.96M | 375.58M |
| Total Non-Current Liabilities | 0 | 28.3M | 19.81M | 307K | 128.68M | 31.41M | 185.45M | 384.33M | 688.67M |
| Total Liabilities | 253.07K | 50.24M | 28.54M | 6.44M | 154.74M | 55.55M | 333.87M | 538.28M | 1.06B |
| Total Equity | 9.73K▲ 0% | 32.66M▲ 335694.4% | 42.7M▲ 30.7% | 36.73M▼ 14.0% | 565.97M▲ 1441.1% | 357.39M▼ 36.9% | 643M▲ 79.9% | 980.58M▲ 52.5% | 1.69B▲ 72.3% |
| Equity Growth % | -85.64% | 335694.39% | 30.75% | -13.99% | 1441.05% | -36.85% | 79.92% | 52.5% | 72.29% |
| Equity / Assets (Capital Ratio) | 3.7% | 39.4% | 59.94% | 85.08% | 78.53% | 86.55% | 65.82% | 64.56% | 61.35% |
| Return on Equity (ROE) | 1463.81% | -837.28% | 5.65% | -48.61% | -10.55% | -14.21% | 4.37% | 40.88% | -16.94% |
| Book Value per Share | 0.86 | 1.94 | 2.36 | 1.95 | 21.09 | 9.52 | 12.91 | 9.70 | 16.04 |
| Tangible BV per Share | 0.86 | 1.91 | 2.32 | 1.95 | 21.09 | 9.11 | 10.93 | 9.05 | 13.94 |
| Common Stock | 658.05K | 162.73M | 170.62M | 0 | 636.6M | 767.64M | 1.17M | 995K | 1.1M |
| Additional Paid-in Capital | 0 | 0 | 0 | 20.31M | 0 | 0 | 0 | 789.6M | 0 |
| Retained Earnings | -745.62K | -136.67M | -134.59M | -9.08M | -188.26M | -431.07M | -132.19M | 231.63M | 5.48M |
| Accumulated OCI | 97.3K | 4.06M | 1.37M | 0 | 103.54M | 2.12M | 14.19M | -45.55M | -10.43M |
| Treasury Stock | - | - | - | - | - | - | - | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 24.65M | 98.5M | 98.5M | 0 | 0 | 0 |
HUT Cash Flow Statement
Hut 8 Corp. (HUT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Jun'23 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 49.24M | -6.77M | 14.51M | -1.29M | -80.24M | -105.03M | -26.48M | -68.53M | -139.23M |
| Operating CF Growth % | 115710.65% | -113.75% | 314.23% | -108.91% | -6110.66% | -30.9% | 74.79% | -158.8% | -103.15% |
| Net Income | 567.07K | -136.77M | 2.13M | 19.04M | -72.71M | -242.81M | 8.38M | 331.41M | -248M |
| Depreciation & Amortization | 924.95K | 47.02M | 33.05M | 21.26M | 23.29M | 94.53M | 14.61M | 49.41M | 104.51M |
| Deferred Taxes | 0 | 85.4M | -5.34M | -15.05M | 5.62M | 9.59M | -1.14M | 111.76M | 0 |
| Other Non-Cash Items | 47.75M | -14.37M | -5.16M | -27.52M | -48.48M | 24.74M | -32.41M | -567.49M | -53.54M |
| Working Capital Changes | 1.35K | 8.42M | -13.07M | 1.25M | 2.17M | 2M | 8.86M | -19.73M | 0 |
| Cash from Investing | -52.67M | -90.16M | -9.73M | -7.14M | -235.07M | -103.61M | 87.25M | -188.47M | -754.21M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | -50.03M | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | 1000K | -49.03M | 1000K | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -30.17M | 31.99M | -3.2M | 0 |
| Other Investing | -21.6K | -5.8M | -497.73K | -1.33M | -192.99M | -733K | 172.91M | -21.67M | -551.28M |
| Cash from Financing | 142.92M | 77.24M | -5.39M | 8.3M | 455.84M | 99.83M | -33.45M | 311.95M | 856.13M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 54.84M | 0 | 7.49M | 390.89M | 124.86M | 21.59K | 162.53M | 314.35M |
| Net Stock Activity | 0 | 54.84M | 0 | 7.49M | 390.89M | 124.86M | 21.59K | 162.53M | 314.35M |
| Debt Issuance (Net) | - | - | - | - | - | - | - | 1000K | 0 |
| Other Financing | 142.92M | 22.4M | 19.96M | 7.45M | 105.39M | -4.08M | -58.57M | 21.33M | 856.13M |
| Net Change in Cash | -42.59K▲ 0% | -19.69M▼ 46133.9% | -610.54K▲ 96.9% | -130.08K▲ 78.7% | 137.31M▲ 105660.3% | -109.61M▼ 179.8% | 10.3M▲ 109.4% | -30.96M▼ 400.4% | -37.02M▼ 19.6% |
| Exchange Rate Effect | -1000K | 0 | 0 | -99.64K | -1000K | -796K | 890.38K | -375K | 285K |
| Cash at Beginning | 328.84K | 23.25M | 3.56M | 2.95M | 2.82M | 140.13M | 30.52M | 30.96M | 85.64M |
| Cash at End | 286.25K | 3.56M | 2.95M | 2.82M | 140.13M | 30.52M | 40.82M | 0 | 48.61M |
| Interest Paid | - | - | - | - | - | - | - | 11.16M | 0 |
| Income Taxes Paid | - | - | - | - | - | - | - | 2.82M | 0 |
| Free Cash Flow | -3.41M▲ 0% | -91.14M▼ 2576.2% | 5.27M▲ 105.8% | -7.1M▼ 234.7% | -166.67M▼ 2246.5% | -177.74M▼ 6.6% | -27.3M▲ 84.6% | -333.13M▼ 1120.4% | -342.15M▼ 2.7% |
| FCF Growth % | -7895.54% | -2576.17% | 105.79% | -234.67% | -2246.52% | -6.64% | 84.64% | -1120.38% | -2.71% |
HUT Banking Ratios
Hut 8 Corp. (HUT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -87.76% | 1463.81% | -837.28% | 5.65% | -48.61% | -10.55% | -14.21% | 4.37% | 40.88% | -16.94% |
| Return on Assets (ROA) | -33.79% | 204.58% | -328.93% | 2.76% | -33.75% | -8.33% | -11.58% | 3.14% | 26.6% | -10.59% |
| Net Interest Margin | 0% | 0% | -1.05% | -6.72% | -5.65% | 0.21% | -1.62% | -2.55% | -1.96% | -1.09% |
| Efficiency Ratio | - | 78.3% | 51.83% | 5.81% | 6.31% | 92.46% | 129.49% | 33.79% | -236.97% | 228.23% |
| Equity / Assets | 23.24% | 3.7% | 39.4% | 59.94% | 85.08% | 78.53% | 86.55% | 65.82% | 64.56% | 61.35% |
| Book Value / Share | 5.96 | 0.86 | 1.94 | 2.36 | 1.95 | 21.09 | 9.52 | 12.91 | 9.7 | 16.04 |
| NII Growth | - | - | - | -448.65% | 48.99% | 161.39% | -545.15% | -273.81% | -19.5% | -0.94% |
HUT SEC Filings & Documents
Hut 8 Corp. (HUT) SEC filings — annual & quarterly reports (10-K, 10-Q)
HUT Frequently Asked Questions
Hut 8 Corp. (HUT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hut 8 Corp. (HUT) grew revenue by 44.8% over the past year. This is strong growth.
Hut 8 Corp. (HUT) reported a net loss of $226.1M for fiscal year 2025.
Dividend & Returns
Hut 8 Corp. (HUT) has a return on equity (ROE) of -16.9%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Hut 8 Corp. (HUT) has a net interest margin (NIM) of -1.1%. NIM has been under pressure due to interest rate environment.
Hut 8 Corp. (HUT) has an efficiency ratio of 228.2%. This is higher than peers, suggesting room for cost optimization.
Explore More HUT
Hut 8 Corp. (HUT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates