Saturday 17 October 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. In the quarter to June 2026, revenue grew 81.4%, EPS fell 196.2%, free cash flow fell 535.8% and total debt rose 2,648.3%, each against the same quarter a year earlier.

67.82 8.27 −10.87%

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Market cap: $9.4B
P/E: 0.0×
Fwd P/E: −31.1×
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	2	—	3	2	—	1	1	—

Insider Ownership 5.13%

Capital & Financial Ratios $m

Market Cap 9,380.00

Revenue 317.95

Net Income (681.44)

Free Cash Flow (798.31)

Net Debt 383.01

Current Ratio 19.35

Debt/Equity 4.22

P/E ratio 0.00

Fwd P/E (31.10)

P/S ratio 25.27

P/B ratio 4.58

Past 5Y EPS Growth —

This Y EPS Growth (122.71%)

Next Y EPS Growth 14.37%

Next Y revenue growth (11.49%)

Next 5Y EPS Growth 19.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 83.02%

10-year low 10-year high

P/B against its own 10 years 87.88%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	31	86	47	7,021
Receivables	3	8	32	13
Inventory	—	—	—	—
Other	5	110	101	5
	62	257	408	7,085

	2023	2024	2025	Q'26
Payables	44	42	45	70
ST’ Debt	—	—	—	—
Other	—	34	101	—
	113	154	376	366

Compound Annual Growth %

	10y	5y	3y
Sales	—	30.64%	19.25%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	81.30%	84.21%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	71	75	—	—	—
’25	22	41	84	88	235
’24	16	21	22	32	162
’22	42	34	24	15	116
’21	26	27	40	46	139
’20	9	7	4	10	30
’19	—	—	—	11	62

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(27)	(6)	—	—	—
’25	(34)	(49)	1	(57)	(139)
’24	1	(4)	2	(22)	(69)
’22	(22)	(21)	(20)	(17)	(81)
’21	(11)	(14)	(17)	(22)	(64)
’20	(1)	(2)	0	1	(1)
’19	—	—	—	11	11

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(64)	(585)	—	—	—
’25	(92)	(92)	(38)	(112)	(334)
’24	9	12	16	(10)	(113)
’22	(59)	(65)	(46)	33	(137)
’21	(11)	(23)	(36)	(64)	(133)
’20	(1)	(2)	(3)	1	(5)
’19	—	—	—	4	4

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.98)	(1.27)	—	—	—
’25	(1.30)	1.18	0.43	(2.63)	(2.14)
’24	0.41	(0.04)	(0.10)	1.40	3.47
’22	1.20	(1.95)	(0.45)	(3.30)	(4.95)
’21	1.10	(0.65)	0.60	(2.65)	(2.15)
’20	(0.08)	0.10	(0.03)	0.22	0.80
’19	—	—	—	(1.15)	0.10

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	4.24	3.00	1.85	14.52	3.90	4.06	6.18	10.04	Analyst estimates 2026–2028 Powerpack
	High	—	—	18.72	11.15	17.25	82.85	41.70	22.75	31.95	57.29
People
People	Employees	—	—	—	30	30	52	98	—	222	248
	Revenue/emp, $m	—	—	0.00	2.06	1.01	2.67	1.18	—	0.73	0.95
Income, $m
Income, $m	Revenue	—	—	36	62	30	139	116	—	162	235
	Gross margin, %	—	—	(54.61)	4.25	(49.82)	51.10	(16.57)	—	46.64	54.16
	EBT	0	0	(101)	2	3	(54)	(179)	—	452	(300)
	EBT margin, %	0.00	0.00	(276.63)	2.60	9.80	(38.61)	(154.78)	—	278.30	(127.52)
	Net income	0	0	(101)	2	14	(58)	(187)	0	331	(248)
	Depreciation	—	—	35	25	16	19	73	—	48	102
Per share, $
Per share, $	Revenue	0.00	0.00	0.65	3.46	1.62	5.17	3.09	—	1.78	2.23
	Earnings	(1.56)	(1.69)	(1.79)	0.10	0.80	(2.15)	(4.95)	—	3.79	(2.14)
	Cash flow	(0.88)	(0.60)	(0.09)	0.61	(0.05)	(2.39)	(2.15)	—	(0.75)	(1.32)
	Capex	0.00	0.00	0.00	(0.39)	(0.23)	(2.57)	(1.49)	—	(0.49)	(1.84)
	Free cash flow	(0.88)	(0.60)	(0.09)	0.22	(0.28)	(4.96)	(3.64)	—	(1.24)	(3.17)
	Book value	2.27	0.95	0.43	1.80	4.60	16.83	7.20	0.00	10.74	16.04
	Shares, m	0	0	56	18	19	27	38	—	91	105
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	65.98	0.00	0.00	—	5.62	0.00
	P/S	—	—	0.00	0.00	44.36	7.60	1.33	—	11.52	20.58
	P/B	—	—	1.87	1.87	14.70	2.33	0.57	—	1.91	2.86
	EV/Sales	—	—	0.00	0.00	42.12	6.93	1.33	—	12.56	21.27
	EV/FCF	—	—	0.00	0.00	(654.78)	(7.22)	(1.13)	—	(17.98)	(15.00)
Cash, $m
Cash, $m	Operating cash flow	0	0	(5)	11	(1)	(64)	(81)	—	(69)	(139)
	Capex	—	—	(62)	(7)	(4)	(69)	(56)	—	(45)	(194)
	Free cash flow	0	0	(5)	4	(5)	(133)	(137)	—	(113)	(334)
Balance, $m
Balance, $m	Working capital	0	0	(13)	4	56	353	166	(51)	103	33
	Total debt	—	—	24	15	20	19	24	124	255	210
	Net debt	0	0	21	13	(2)	(92)	1	93	169	163
	Shareholders’ equity	0	0	24	32	86	452	270	488	981	1,689
Returns, %
Returns, %	ROA	(32.41)	(68.24)	(328.63)	2.80	17.54	(16.98)	(41.84)	0.00	29.37	(10.59)
	ROIC	0.00	0.00	0.00	6.07	(3.96)	6.77	(33.49)	0.00	25.04	(10.86)
	ROE	(85.37)	(92.72)	(835.64)	5.71	24.00	(21.57)	(51.75)	0.00	45.21	(16.94)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IREN IREN Limited	$12.3B	— (loss-making)	1,228×	−26.73% (below 0%: shrinking)	n/m	+705.74% (above 0%: growing)	75.71%	(585.97%)	Compare
FUTU Futu Holdings Limited Sponsored ADR	$10.5B	10.3×	10.9×	+35.71% (above 0%: growing)	+42.98% (above 0%: growing)	+443.45% (above 0%: growing)	86.31%	61.99%	Compare
SF Stifel Financial Corporation	$10.4B	11.4×	12.5×	+12.97% (above 0%: growing)	+50.00% (above 0%: growing)	−90.85% (below 0%: shrinking)	98.96%	20.64%	Compare
JEF Jefferies Financial Group Inc.	$10.3B	12.1×	15.6×	+8.52% (above 0%: growing)	+3.85% (above 0%: growing)	+1,917.32% (above 0%: growing)	98.97%	24.82%	Compare
EVR Evercore Inc	$9.9B	13.2×	19.5×	+19.15% (above 0%: growing)	−1.59% (below 0%: shrinking)	+25.04% (above 0%: growing)	99.69%	17.65%	Compare
HUT Hut 8 Corp.	$9.4B	— (loss-making)	— (loss-making)	+81.44% (above 0%: growing)	n/m	−535.81% (below 0%: shrinking)	11.10%	(275.36%)
HLI Houlihan Lokey, Inc.	$9.0B	21.3×	19.2×	−15.54% (below 0%: shrinking)	−20.41% (below 0%: shrinking)	−135.86% (below 0%: shrinking)	34.83%	15.26%	Compare
VIRT Virtu Financial, Inc.	$8.9B	9.4×	9.3×	+19.05% (above 0%: growing)	−1.21% (below 0%: shrinking)	+78.56% (above 0%: growing)	78.24%	46.04%	Compare
SNEX StoneX Group Inc.	$7.2B	12.8×	18.8×	+15.40% (above 0%: growing)	+86.64% (above 0%: growing)	−183.02% (below 0%: shrinking)	3.06%	1.67%	Compare
Median of peers	$10.1B	12.1×	17.2×	+14.19%	+3.85%	+51.80%	82.28%	19.15%

All 93 Capital Markets stocks →

Hut 8 Corp. (HUT) key facts

Strength: Hut 8 Corp.’s revenue for fiscal 2025 (year ended December 2025) was $235.1 million, up 44.8% from fiscal 2024.
Hut 8 Corp. (HUT) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, HUT traded at $67.82, a market capitalization of $9.4 billion.
Return on equity was −16.9% and debt-to-equity 4.22.

Source: company filings (standardised) and stockrow calculations.