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Hut 8 Corp.

HUT Clue Score38
United States Fiscal year ends December CIK 0001964789
$84.27 +5.88% Close, 9 Oct 2026
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Price $84.27 +687.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 8 Mar 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue73.7Operating income−19.8Net income−31.8EPS, diluted−0.94Fiscal year 2023Revenue82.2 +11.4%Operating income−68.7Net income−65.6EPS, diluted−1.58Fiscal year 2023Revenue96.0 +16.9%Operating income9.4Net income21.9EPS, diluted0.44Fiscal year 2024Revenue162.4 +69.1%Operating income460.5Net income331.9 +1,418.9%EPS, diluted3.40Fiscal year 2025Revenue235.1 +44.8%Operating income−322.0Net income−226.1 −168.1%EPS, diluted−2.14
FY2022FY2023FY2023FY2024FY2025
Revenue 73.7 82.2 96.0 162.4 235.1
Growth +11.4% +16.9% +69.1% +44.8%
Operating income −19.8 −68.7 9.4 460.5 −322.0
Net income −31.8 −65.6 21.9 331.9 −226.1
Growth +1,418.9% −168.1%
EPS, diluted −0.94 −1.58 0.44 3.40 −2.14

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin−26.9%Net margin−43.1%Fiscal year 2023Operating margin−83.6%Net margin−79.9%Fiscal year 2023Operating margin9.8%Net margin22.7%Fiscal year 2024Operating margin283.6%Net margin204.4%Fiscal year 2025Operating margin−136.9%Net margin−96.2%
FY2022FY2023FY2023FY2024FY2025
Operating margin −26.9% −83.6% 9.8% 283.6% −136.9%
Net margin −43.1% −79.9% 22.7% 204.4% −96.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2022Operating cash flow−42.9Fiscal year 2023Operating cash flow−29.3Fiscal year 2023Operating cash flow−22.2Fiscal year 2024Operating cash flow−68.5Fiscal year 2025Operating cash flow−139.2
FY2022FY2023FY2023FY2024FY2025
Operating cash flow −42.9 −29.3 −22.2 −68.5 −139.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash21.1Total debt128.3Net cash (debt)−107.2Shareholders’ equity87.6Debt to equity1.46Fiscal year 2023Cash10.4Total debt151.2Net cash (debt)−140.8Shareholders’ equity27.4Debt to equity5.52Fiscal year 2023Cash30.5Total debt187.4Net cash (debt)−156.9Shareholders’ equity487.6Debt to equity0.38Fiscal year 2024Cash85.0Total debt300.6Net cash (debt)−215.5Shareholders’ equity976.7Debt to equity0.31Fiscal year 2025Cash44.9Shareholders’ equity1,421.9
FY2022FY2023FY2023FY2024FY2025
Cash 21.1 10.4 30.5 85.0 44.9
Total debt 128.3 151.2 187.4 300.6 n/a
Net cash (debt) −107.2 −140.8 −156.9 −215.5 n/a
Shareholders’ equity 87.6 27.4 487.6 976.7 1,421.9
Debt to equity 1.46 5.52 0.38 0.31 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−26.9% −83.6% 9.8% 283.6% −136.9%
−36.3% −81.3% 22.9% 278.3% −127.5%
−43.1% −79.9% 22.7% 204.4% −96.2%
Spending
42.5% 33.3% 51.2% 44.9% 52.2%
n/a n/a 0.9% 25.1% n/a
Returns
−36.3% −239.7% 4.5% 34.0% −15.9%
−13.0% −34.5% 2.9% 21.9% −8.2%
Balance and payout
1.46 5.52 0.38 0.31 n/a
64.2% 85.6% 34.2% 35.4% 38.6%