Hut 8 Corp. (HUT) reported revenue of $235.12M and net income of -$226.15M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from Hut 8 Corp.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Finance Services.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Revenue | $235.12M | $162.38M | $96.05M | $82.16M | $73.73M |
| Cost of revenue | $107.77M | $86.66M | $54.19M | $43.11M | $25.78M |
| Gross profit | $127.34M | $75.73M | $41.85M | $39.05M | $47.95M |
| Operating income | -$321.99M | $460.54M | $9.40M | -$68.69M | -$19.82M |
| Net income | -$226.15M | $331.88M | $21.85M | -$65.61M | -$31.80M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 105.33M | shares 101.05M | shares 49.12M | shares 41.47M | shares 33.90M |
| Pretax income | -$299.83M | $451.91M | $21.96M | -$66.81M | -$26.73M |
| Income tax expense | -$51.84M | $113.46M | $190.00K | -$1.20M | $5.07M |
| Diluted EPS | $-2.14 | $3.40 | $0.44 | $-1.58 | $-0.94 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $122.81M | $72.92M | $49.13M | $27.34M | $31.32M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Cash & equivalents | $44.91M | $85.04M | $30.50M | Unavailable | Unavailable |
| Total assets | $2.75B | $1.52B | $740.84M | $190.00M | Unavailable |
| Current assets | $408.18M | $256.84M | $61.62M | $19.37M | Unavailable |
| Total liabilities | $1.06B | $538.28M | $253.20M | $162.62M | Unavailable |
| Current liabilities | $375.58M | $153.96M | $112.56M | $10.34M | Unavailable |
| Total equity incl. NCI | $1.69B | $980.58M | $487.64M | $27.37M | $87.60M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $31.12M | $6.99M | $3.34M | $636.00K | Unavailable |
| Goodwill | $210.09M | $53.08M | $57.60M | Unavailable | Unavailable |
| Long-term debt | Unavailable | $235.62M | $123.32M | Unavailable | Unavailable |
| Accounts payable | $15.76M | $11.29M | $14.96M | $3.60M | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Operating cash flow | -$139.23M | -$68.54M | -$22.16M | -$29.34M | -$42.92M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$754.21M | -$188.47M | $86.98M | $25.25M | -$134.36M |
| Financing cash flow | $856.13M | $311.95M | -$40.91M | -$6.60M | $191.63M |
| Net change in cash | -$37.02M | $54.68M | $24.25M | -$10.69M | $14.35M |
| Stock-based compensation | $57.80M | $20.78M | $13.56M | $4.61M | $9.18M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $101.90M | $47.77M | $17.54M | $18.78M | $11.59M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 54.2% | 46.6% | 43.6% | 47.5% | 65.0% |
| Operating margin | -136.9% | 283.6% | 9.8% | -83.6% | -26.9% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 24.6% | 12.8% | 14.1% | 5.6% | 12.4% |
| Current ratio | 1.09x | 1.67x | 0.55x | 1.87x | Unavailable |
| Revenue YoY growth | 44.8% | 69.1% | Unavailable | 11.4% | Unavailable |
| Net margin | -96.2% | 204.4% | 22.7% | -79.9% | -43.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | 25.1% | 0.9% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open HUT in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.