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) Operating margin

Alert me on Operating margin

Hut 8 Corp.'s operating margin over the twelve months to 30 September 2026 was −227.0%, down 90.0 percentage points from fiscal 2025 (−137.0%). Over the past ten years it has ranged from −137.0% (fiscal 2025) to 283.6% (fiscal 2024) — the current reading is the lowest in ten years. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −137.0% (420.56)
FY2024 283.6% 408.82
FY2022 −125.2% (153.24)
FY2021 28.0% 45.56
FY2020 −17.5% (24.59)
FY2019 7.06% 133.46
FY2018 −126.4% (126.40)
FY2017 0.00% 0.00
FY2016 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 447.7% 723.09
Jun 2026 −275.4% 246.16
Mar 2026 −521.5% (30.12)
Dec 2025 −491.4% (578.40)
23 more quarters

Against its own ten years

Low −137.0% High 283.6%
Ten-year median 0.00%
Current reading's percentile 9

Operating margin against peers

Company Operating margin
MKTX MarketAxess Holdings Inc. compare 40.5%
MRX Marex Group PLC compare 36.4%
FIGR Figure Technology Solutions, Inc. compare 28.4%
BGC BGC Group, Inc. compare 10.7%
SNEX StoneX Group Inc. compare 1.70%
GLXY Galaxy Digital Inc. compare −0.53%
RIOT Riot Platforms, Inc. compare −210.5%
HUT Hut 8 Corp. −227.0%
WULF TeraWulf Inc. compare −250.4%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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