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Hut 8 Corp.

EDGAR

HUT Quarterly report (10-Q) · filed 2026-08-04

Annual consolidated revenue for 2025: about Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 235.1M, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 162.4M.

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Watchlist

Latest quarter

Revenue

74.9 million Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw

2026 Q2 · Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw

Exact inputs and evidence

Revenue: 74932000 Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw Source

Operating margin

-275.36%

2026 Q2 · %

Exact inputs and evidence

Operating Income: -206330000 Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw Source
Revenue: 74932000 Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw Source

Cash and cash equivalents: 234 million Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw 2026-06-30 Source
Exact value

233579000 Unit_Standard_USD_egfAdkxRa0iLIhd-uPBENw
Long-term debt including current maturities: 301 million Unit_Standard_USD_IhC8JaPyZkKREC2NLbXrpw 2024-12-31 Source
Exact value

300585000 Unit_Standard_USD_IhC8JaPyZkKREC2NLbXrpw
Shares outstanding: 123 million Unit_Standard_shares_4GATHug6WUijxpo6hJQAqg 2026-06-30 Source
Exact value

123190559 Unit_Standard_shares_4GATHug6WUijxpo6hJQAqg

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-04.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 2 of 11 periods available· newest 2025-12-31
Operating income: 2 of 11 periods available· newest 2025-12-31
Net income: 2 of 11 periods available· newest 2025-12-31
Operating cash flow: 2 of 11 periods available· newest 2025-12-31
capital expenditure: No compatible figures in this window
Total assets: Multiple units; comparison withheld· newest 2025-12-31
Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
Current assets: Multiple units; comparison withheld· newest 2025-12-31
Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
Long-term debt including current maturities: 1 of 11 periods available· newest 2024-12-31
Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+44.8%

Prior period

Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 162.39 million

2024-01-01 – 2024-12-31
Current period

Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 235.12 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

235118000 − 162385000 = 72733000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A

162385000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
235118000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Hut 8 Corp. · 2025-12-31 Hut 8 Corp. (edgar:1964789) Year-over-year change in Revenue: 72733000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 235118000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#3337642 Filing: 000110465926019392 Input fundies:Revenue: 162385000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#3338751 Filing: 000110465926019392
The citation records this snapshot. The page link may show a newer release later.
Net income
-168.1%

Prior period

Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 331.88 million

2024-01-01 – 2024-12-31
Current period

−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 226.15 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-226149000 − 331882000 = -558031000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A

331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Hut 8 Corp. · 2025-12-31 Hut 8 Corp. (edgar:1964789) Year-over-year change in Net income: -558031000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#4851661 Filing: 000110465926019392 Input fundies:NetIncome: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#4852561 Filing: 000110465926019392
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 70.69 million

Prior period

−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 68.54 million

2024-01-01 – 2024-12-31
Current period

−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 139.23 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-139226000 − -68535000 = -70691000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A

-68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Hut 8 Corp. · 2025-12-31 Hut 8 Corp. (edgar:1964789) Year-over-year change in Operating cash flow: -70691000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#2496946 Filing: 000110465926019392 Input fundies:OperatingCashFlow: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#2498069 Filing: 000110465926019392
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 235.12 million 100% of revenue
Operating costs Derived Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 557.11 million 237% of revenue
Operating income −Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 321.99 million −137% of revenue
Tax, interest and other Derived −Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 95.85 million −41% of revenue
Net income −Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 226.15 million −96% of revenue

Cash

Operating cash flow −Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 139.23 million −59% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2024 Net income was higher than operating income, so the split is not drawn.
2025 Operating loss: operating costs were 237% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2024 2024-01-01 – 2024-12-31	162385000	-298154000 Derived	460539000	128657000 Derived	331882000	Unavailable	Source 2024-01-01 – 2024-12-31: 162385000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Revenue Open source 2024-01-01 – 2024-12-31: 460539000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Net Income Open source 2024-01-01 – 2024-12-31: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	235118000	557112000 Derived	-321994000	-95845000 Derived	-226149000	Unavailable	Source 2025-01-01 – 2025-12-31: 235118000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Revenue Open source 2025-01-01 – 2025-12-31: -321994000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Net Income Open source 2025-01-01 – 2025-12-31: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Cash Flow Open source

Amounts are exact, in Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 235.1M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A)	Source evidence
20242024-12-31	Revenue	162385000	Revenue: 162385000 Open source
20252025-12-31	Revenue	235118000	Revenue: 235118000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

44.8% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20242024-12-31	Year over year	No prior comparable period	Revenue: 162385000 Open source
20252025-12-31	Year over year	44.8%	Revenue: 235118000 Open source Revenue: 162385000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -136.9% 2025

Net margin -96.2% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20242024-12-31	Operating margin	283.6%	Operating Income: 460539000 Open source Revenue: 162385000 Open source
20252025-12-31	Operating margin	-136.9%	Operating Income: -321994000 Open source Revenue: 235118000 Open source
20242024-12-31	Net margin	204.4%	Net Income: 331882000 Open source Revenue: 162385000 Open source
20252025-12-31	Net margin	-96.2%	Net Income: -226149000 Open source Revenue: 235118000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 162385000 Open source Operating Cash Flow: -68535000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 235118000 Open source Operating Cash Flow: -139226000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A -139.2M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A)	Source evidence
20242024-12-31	Operating cash flow	-68535000	Operating Cash Flow: -68535000 Open source
20252025-12-31	Operating cash flow	-139226000	Operating Cash Flow: -139226000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.

Values and sources

Free cash flow values and source evidence
Period	Series	Value(Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A)	Source evidence
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: -68535000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: -139226000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2024-12-31	Liabilities / assets	Not reported	No source recorded
2025-12-31	Liabilities / assets	Not reported	No source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2024 2024-01-01 – 2024-12-31	Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 331.88 million Exact value Exact value: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 2024-01-01 – 2024-12-31: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Net Income Open source Share or cite Citation for Net Income · Hut 8 Corp. · 2024-12-31 Hut 8 Corp. (edgar:1964789) Net Income: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A&dimensions= Input fundies:NetIncome: 331882000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#4852561 Filing: 000110465926019392 The citation records this snapshot. The page link may show a newer release later.	−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 68.54 million Exact value Exact value: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 2024-01-01 – 2024-12-31: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Hut 8 Corp. · 2024-12-31 Hut 8 Corp. (edgar:1964789) Operating Cash Flow: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A&dimensions= Input fundies:OperatingCashFlow: -68535000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#2498069 Filing: 000110465926019392 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 226.15 million Exact value Exact value: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 2025-01-01 – 2025-12-31: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Net Income Open source Share or cite Citation for Net Income · Hut 8 Corp. · 2025-12-31 Hut 8 Corp. (edgar:1964789) Net Income: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A&dimensions= Input fundies:NetIncome: -226149000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#4851661 Filing: 000110465926019392 The citation records this snapshot. The page link may show a newer release later.	−Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 139.23 million Exact value Exact value: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A 2025-01-01 – 2025-12-31: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Hut 8 Corp. · 2025-12-31 Hut 8 Corp. (edgar:1964789) Operating Cash Flow: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:55:00Z Snapshot: 829434052713b539a2a30812897b16fdc2856862950d1ad44b40ee5e9a0353ff Dimensions: Consolidated View: https://fundies.io/companies/edgar/1964789/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A&dimensions= Input fundies:OperatingCashFlow: -139226000 Unit_Standard_USD_QFqQnoEzwEmWxTN7U-3d5A (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#2496946 Filing: 000110465926019392 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

16 filings · 1,922 latest values · 1,922 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001964789, 1964789, HUT, edgar:1964789

Also known as HUT 8 CORP., Hut 8 Corp.

Hut 8 Corp.

Latest quarter

Revenue

Operating margin

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation