HUTNasdaqFinance ServicesFiscal year ends December 31
Hut 8 Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$68.17+0.42 (+0.62%)
Close on Oct 19, 2026
- Market cap
- $8.08B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2021 to 2025
Gross margin
54.2%
Operating margin
-136.9%
Net margin
-96.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | – | +47.2% | – | – | |
| Gross profit | – | +38.5% | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Current ratio | – | – | 1.09 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | -10.7× | |
| Diluted shares | – | – | 105M |
Cash use needs five years of cash flow figures
Hut 8 does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-79.9%
×Asset turnover0.38×
×Equity multiplier3.78×
=Return on equity, FY2023-114.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -79.9% | 0.38× | 3.78× | -114.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 3 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$226.15M
- Cash generatingOperating cash flow above zero-$139.23M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-$139.23M vs -$226.15M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → 1.09
- No dilutionShare count did not rise– → 105M
- Gross margin improvedGross margin up on the prior year– → 54.16%
- More efficientAsset turnover rose– → –