Hut 8 Corp. (HUT) income statement
NASDAQ · Financial Services · Financial - Capital Markets · 248 employees · CEO Asher Kevin Genoot
- Price
- $59.40 -10.60%
- Market cap
- $7.32B
- Enterprise value
- $7.57B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-04 EPS est. -$0.72
Hut 8 Corp. (HUT) reported revenue of $74.9M for Q2 '26 (+81.4% year on year), operating income of -$206M (-275.4% of revenue) and net income of -$204M. Over the last four quarters revenue was $318M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.7M | $28.7M | $51.7M | -$36.6M | $43.7M | $340M | $21.8M | $41.3M | $160M | $11.9M | $71M | $74.9M | |
| Cost of revenue | $13.5M | $15.2M | $28.1M | $20.6M | $17.6M | $20.3M | $18.7M | $21.8M | $32.3M | $35M | $25.5M | $26.9M | |
| Gross profit | $8.18M | $13.5M | $23.6M | -$57.3M | $26.2M | $320M | $3.16M | $19.5M | $128M | -$23.1M | $45.5M | $48M | |
| General & administrative | $4.17M | $25.1M | $20M | $17.9M | $16.2M | $18.8M | $21.1M | $30.2M | $25.9M | $45.7M | $81.7M | $76.1M | |
| Other operating expenses | $4.67M | -$19.8M | -$263M | $11.5M | $11.6M | $18.8M | $130M | -$198M | $27.8M | $265M | $38.4M | $178M | |
| Operating expenses | $8.84M | $5.34M | -$243M | $29.4M | $27.7M | $37.6M | $151M | -$168M | $53.7M | $311M | $120M | $254M | |
| Operating income | -$665K | $8.21M | $267M | -$86.7M | -$1.57M | $282M | -$148M | $188M | $74.1M | -$334M | -$74.7M | -$206M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.1M | |
| Interest expense | $5.72M | $4.5M | $6.28M | $6.01M | $7.94M | $9.56M | $7.47M | $8.4M | $8.62M | $5.59M | $9.24M | $51.1M | |
| Other non-operating income (gains on investments, FX ...) | -$2.08M | -$3.84M | -$2.12M | -$20.4M | $0 | $12.2M | -$595K | $14.4M | -$4.13M | $92.3M | $218M | $0 | |
| Total non-operating income | -$3.65M | -$661K | -$4.16M | $14.4M | $2.93M | -$21.8M | -$6.87M | -$22.8M | -$4.49M | -$45.7M | -$227M | -$2.27M | |
| Income before tax | -$4.31M | $7.55M | $263M | -$72.3M | $1.36M | $260M | -$155M | $165M | $69.6M | -$380M | -$302M | -$209M | |
| Income tax | $61K | -$363K | $4.4M | -$1.87M | $453K | $110M | -$20.2M | $27.6M | $19M | -$78.2M | -$48.9M | -$31.5M | |
| Net income | -$4.37M | $7.97M | $251M | -$71.9M | $647K | $152M | -$134M | $137M | $50.1M | -$302M | -$220M | -$204M | |
| EPS (basic) | -$0.10 | $0.23 | $2.81 | -$0.78 | $0.01 | $1.53 | -$1.30 | $1.32 | $0.48 | -$2.64 | -$1.98 | -$1.72 | |
| EPS (diluted) | -$0.10 | $0.21 | $2.68 | -$0.78 | $0.01 | $1.53 | -$1.30 | $1.18 | $0.43 | -$2.45 | -$1.98 | -$1.72 | |
| Shares (basic, weighted) | 43.2M | 47.8M | 89.1M | 90.2M | 91.2M | 91.3M | 103M | 104M | 106M | 105M | 111M | 118M | |
| Shares (diluted, weighted) | 43.2M | 49.8M | 93.7M | 90.2M | 96.4M | 101M | 103M | 119M | 122M | 105M | 111M | 118M | |
| Depreciation & amortization | $4.53M | $5.89M | $11.8M | $11.8M | $10.9M | $14.9M | $15.5M | $20.1M | $28.5M | $40.4M | $39.1M | $40.6M | |
| EBITDA | $5.94M | $17.9M | $281M | -$54.5M | $20.2M | $285M | -$132M | $194M | $107M | -$386M | -$254M | -$166M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $6.74M | $49.4M | $82M | $9.08M | $65.5M | $72.3M | $162M | $235M | |
| Cost of revenue | $0 | $789K | $72.9M | $79.9M | $61.8M | $32.5M | $40.8M | $86.7M | $108M | |
| Gross profit | $0 | $5.95M | -$23.5M | $2.13M | -$21.1M | $32.9M | $31.5M | $75.7M | $127M | |
| Sales & marketing | $0 | $134K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $106K | $3.25M | $7.76M | $4.76M | $2.57M | $20.6M | $37M | $72.9M | $123M | |
| Other operating expenses | $0 | $1.9M | $17.9M | $0 | $0 | $64.1M | -$12.6M | -$458M | $225M | |
| Operating expenses | $106K | $5.28M | $25.6M | $4.76M | $2.57M | $84.8M | $24.4M | -$385M | $347M | |
| Operating income | -$104K | $1.38M | -$48.1M | $5.98M | -$23.3M | -$51.9M | $7.07M | $461M | -$220M | |
| Interest income | $0 | $0 | $32.4K | $41.2K | $8.3K | $696K | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $905K | $4.83M | $2.45M | $5.73M | $18.8M | $29.8M | $30.1M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | -$22.5M | $0 | -$21.2M | $102M | |
| Total non-operating income | $0 | $0 | -$88.6M | -$3.85M | -$425K | $1.42M | $9.46M | -$8.63M | -$79.8M | |
| Income before tax | -$106K | $674K | -$137M | $2.13M | -$23.8M | -$50.4M | $16.5M | $452M | -$300M | |
| Income tax | $0 | $107K | $0 | $0 | -$14.3M | -$904K | $143K | $113M | -$51.8M | |
| Net income | -$106K | $567K | -$137M | $2.13M | -$19.3M | -$49.5M | $16.5M | $332M | -$248M | |
| EPS (basic) | -$9.32 | $49.88 | -$8.11 | $0.12 | -$1.03 | -$4.97 | $0.46 | $3.71 | -$2.14 | |
| EPS (diluted) | -$9.32 | $49.88 | -$8.11 | $0.12 | -$1.02 | -$4.97 | $0.44 | $3.40 | -$2.14 | |
| Shares (basic, weighted) | 11.4K | 11.4K | 16.9M | 17.9M | 18.8M | 37.6M | 47.8M | 91.3M | 105M | |
| Shares (diluted, weighted) | 11.4K | 11.4K | 16.9M | 18.1M | 18.8M | 37.6M | 49.8M | 101M | 105M | |
| Depreciation & amortization | $0 | $925K | $47M | $33.1M | $21.5M | $72.6M | $10.8M | $49.4M | $102M | |
| EBITDA | -$104K | $2.3M | -$1.13M | $30.4M | $14.4M | $43.3M | $46.1M | $531M | -$220M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02