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

48.55 2.60 +5.66%
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) Gross margin

Alert me on Gross margin

Hut 8 Corp.'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 54.2 percentage points from fiscal 2025 (54.2%). Over the past ten years it has ranged from −54.6% (fiscal 2018) to 54.2% (fiscal 2025) — the current reading is the highest in ten years. That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 54.2% 7.52
FY2024 46.6% 63.21
FY2022 −16.6% (67.67)
FY2021 51.1% 100.92
FY2020 −49.8% (54.07)
FY2019 4.25% 58.86
FY2018 −54.6% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (11.10)
Jun 2026 11.1% (52.93)
Mar 2026 64.0% (18.40)
Dec 2025 82.4% 21.14
23 more quarters

Against its own ten years

Low −54.6% High 54.2%
Ten-year median 4.25%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
MKTX MarketAxess Holdings Inc. compare 100.0%
MRX Marex Group PLC compare 100.0%
BGC BGC Group, Inc. compare 97.6%
FIGR Figure Technology Solutions, Inc. compare 87.5%
WULF TeraWulf Inc. compare 69.3%
SNEX StoneX Group Inc. compare 3.03%
GLXY Galaxy Digital Inc. compare 0.40%
RIOT Riot Platforms, Inc. compare 0.00%
HUT Hut 8 Corp. 0.00%
Capital Markets industry median 68.2%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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