Hut 8 Corp.

HUT Financial Capital Markets

Hut 8 Corp.’s revenue for fiscal 2025 (year ended December 2025) was $235.1 million, up 44.8% from fiscal 2024.

Revenue
−14.9%
EPS
+122.9%
Free cash flow
+173.8%
Total debt
+2,648.3%

Quarter to September 2026, against a year earlier

46.89 2.05 −4.19%
Market cap
$5.7B
P/E
0.0×
Fwd P/E
−11.6×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Hut 8 Corp. (HUT) Debt to equity

Alert me on Debt to equity

Hut 8 Corp.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.1× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.0× (fiscal 2020) to 1.0× (fiscal 2018); the current reading is higher than 60% of that period. That is below the Capital Markets industry median of 0.1× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.1× (52.08%)
FY2024 0.3× 2.12%
FY2023 0.3× 186.26%
FY2022 0.1× 107.48%
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.5× (53.20%)
FY2018 1.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× —
Jun 2026 4.2× 3,382.67%
Mar 2026 0.1× (2.57%)
Dec 2025 0.1× (11.77%)
24 more quarters

Against its own ten years

Low 0.0× High 1.0×
Ten-year median 0.1×
Current reading's percentile 60

Debt to equity against peers

Company Debt to equity
HUT Hut 8 Corp. 0.0×
MKTX MarketAxess Holdings Inc. compare 0.1×
RIOT Riot Platforms, Inc. compare 0.3×
FIGR Figure Technology Solutions, Inc. compare 0.7×
GLXY Galaxy Digital Inc. compare 1.1×
BGC BGC Group, Inc. compare 1.4×
SNEX StoneX Group Inc. compare 1.4×
MRX Marex Group PLC compare 5.0×
WULF TeraWulf Inc. compare 35.3×
Capital Markets industry median 0.1×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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