Friday 6 November 2026 Export HUT’s income statement to Excel — free account

Hut 8 Corp.

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

49.80 3.85 +8.38%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Hut 8 Corp. (HUT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
High Performance Computing, Colocation And Cloud	81	49.70%
Power	57	34.86%
Digital Infrastructure	26	15.72%
Other	9	5.25%
Gross margin		46.64%
Operating margin		283.61%
Pre-tax margin		278.30%

Revenue by product or service $m

Line	FY2025	FY2024	FY2022
High Performance Computing, Colocation And Cloud	202 86.05%	81 49.70%	68 92.45%
Power	23 9.87%	57 34.86%	—
Digital Infrastructure	10 4.07%	17 10.77%	6 7.55%
Other	—	8 4.68%	—
Revenue	235	162	74

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2022
High Performance Computing, Colocation And Cloud	‡	‡	‡
Power	‡	‡	‡
Digital Infrastructure	‡	‡	‡
Other	‡	‡	‡
Gross profit	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡

Revenue by segment $m

Line	FY2024	FY2022
High Performance Computing, Colocation And Cloud	81 49.70%	68 92.45%
Power	57 34.86%	—
Digital Infrastructure	26 15.72%	6 7.55%
Other	9 5.25%	—
Eliminations	(9) (5.52%)	—
Revenue	162	74

Gross profit by segment $m, and margin

	FY2024	FY2022
High Performance Computing, Colocation And Cloud	‡	‡
Power	‡	‡
Digital Infrastructure	‡	‡
Other	‡	‡
Gross profit	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2022
United States	203 86.17%	111 68.34%	74 100.00%
Canada	33 13.83%	51 31.66%	—
Revenue	235	162	74

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Development pipeline	Q3 FY2026	7.9K	8.7K	−9.14%
Development pipeline capacity under exclusivity	Q3 FY2026	3.2K	1.3K	+153.39%
Energy capacity under development	Q3 FY2026	49.00	1.5K	−96.80%
Energy capacity under diligence	Q3 FY2026	3.3K	5.9K	−43.73%
Energy capacity under management	Q3 FY2026	710.00	—	—
Total energy capacity under management	Q4 FY2025	1.0K	1.0K	0.00%

	Q3 FY2026	Q2 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024
Development pipeline	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Development pipeline capacity under exclusivity	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy capacity under development	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy capacity under diligence	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy capacity under management	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total energy capacity under management	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.