Hut 8 Corp. (HUT)财务
NASDAQ · Financial Services · Financial - Capital Markets · 员工248人 · CEO Asher Kevin Genoot
- 股价
- $59.40 -10.60%
- 市值
- $73.2亿
- 企业价值
- $75.7亿
- 最近财报
- Q2 '26 2026-08-04提交
- 下次财报
- 2026-11-04 EPS预期 -$0.72
营收(TTM)$3.18亿-28.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-170.2%-242.0 百分点 对比去年同期营业利润 -$5.41亿
净利润(TTM)-$6.75亿-532.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$12.4亿-167.2% 对比去年同期资本支出 $11.5亿
稀释EPS(TTM)-$5.72-503.8% 对比去年同期最近4个季度之和
净现金-$6.48亿-344.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $73.2亿 EV $75.7亿
- 营收
- $3.18亿 过去12个月
- 营收增速
- +25% FY2026年一致预期
- 净利润率
- -212.4% 净利润 / 营收,TTM
- P/E
- -11.1× 预期 -12.9×(FY2026)
- P/S
- 23.0× 股价 / 营收,TTM
- EV / EBITDA
- 150.6× TTM
- 自由现金流
- -$12.4亿 过去12个月
- 净利润
- -$6.75亿 过去12个月
- 营收预期
- $2.95亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $7550万
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收低于预期5.6%,EPS 低于预期130.9%营收$7490万,预期$7940万(-5.6%);EPS -$1.27,预期-$0.55(-130.9%)。
- 营收增长放缓:同比81.4%Q2 '26营收$7490万,此前四个季度的平均值为152.0%。
- 营业利润率-170.2%(TTM),较去年同期-242.0 百分点营收增长-28.8%,营业利润增长-268.8%。
- 资本支出占营收的363.2%(去年为80.0%)最近4个季度投入$11.5亿(同比+223.3%)。自由现金流-$12.4亿。
- 稀释股数一年内减少0.4%Q2 '26稀释股数1.18亿,一年前为1.19亿。
- 净债务 $6.48亿现金 + 短期投资 $70.2亿,含租赁债务 $76.7亿;一年前净债务 $1.46亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $7490万 | $4130万 | +81.4% |
| 毛利率 | 64.1% | 47.3% | +16.8 百分点 |
| 营业利润 | -$2.06亿 | $1.88亿 | -209.8% |
| 营业利润率 | -275.4% | 454.9% | -730.2 百分点 |
| 净利润 | -$2.04亿 | $1.37亿 | -248.6% |
| 稀释EPS | -$1.72 | $1.18 | -245.8% |
| 经营现金流 | -$562万 | -$4880万 | +88.5% |
| 资本支出 | $5.18亿 | $4540万 | +1,042.4% |
| 自由现金流 | -$5.24亿 | -$9420万 | -456.4% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5120万 | $764万 | +570.7% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $7490万 | $7940万 | -5.6% |
| EPS(一致预期口径) | -$1.27 | -$0.55 | -130.9% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| High Performance Computing, Colocation And Cloud | $2470万 | +68.5% | 90.6% | – | – | |
| Power | $118万 | -78.6% | 4.3% | – | – | |
| Digital Infrastructure | $137万 | -35.2% | 5.0% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $7220万 | +113.1% | 96.4% | – | – | |
| CANADA | $270万 | -63.5% | 3.6% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$8940万
- 资本支出
- -$11.5亿
- 股票回购
- $0
- 股息
- $0
- 收购
- $4700万
- 债务净发行
- $75.7亿
- 股权激励费用
- $1.48亿
- 自由现金流
- -$12.4亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -11.1× | 13.5× 5年中的2年 | 5.5× – 21.5× |
| EV / EBITDA | 150.6× | 18.4× 5年中的4年 | 4.0× – 41.3× |
| EV / 营收 | 23.8× | 11.1× | 1.6× – 22.2× |
| 股价 / FCF | -9.0× | – | – |
| 股价 / 净资产 | 5.1× | 1.8× | 0.4× – 3.4× |
| FCF收益率 | -11.1% | -26.8% | -72.6% – -5.8% |
| 投入资本回报率 | -3.2% | -0.6% | -16.9% – 24.0% |
| 净资产收益率 | -39.5% | -1.0% | -18.4% – 34.0% |
分析师
一致目标价 $162.08 (+172.9%)
区间 $96.00 – $275.00 · 评级 Buy
强烈买入0
买入16
持有1
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2.95亿 | +25.4% | -$4.60 | -114.8% | -12.9× | 9 |
| FY2027 | $5.81亿 | +97.1% | -$3.93 | +14.4% | -15.1× | 9 |
| FY2028 | $13.3亿 | +129.2% | -$1.06 | +73.1% | -56.2× | 9 |
| FY2029 | $20.7亿 | +55.3% | -$0.55 | +48.4% | -109.0× | 3 |
| FY2030 | $34.4亿 | +66.2% | $1.68 | +408.2% | 35.4× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Hut 8 Corp.在近期10-Q / 10-K文件中标记的全部306项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $6970万 | $4370万 | +59.4% | $4450万 | $4180万 | +6.5% |
| Accounts Payable, Current | $1580万2025-12-31 | $1130万 | +39.6% | $1580万 | $1130万 | +39.6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1190万 | $850万 | +40.4% | $3110万 | $699万 | +345.3% |
| Accounts Receivable, Allowance for Credit Loss | $20万2026-03-31 | $20万 | 0.0% | $20万 | $20万 | 0.0% |
| Accrued Professional Fees, Current | $243万2025-12-31 | $195万 | +24.2% | $243万 | $195万 | +24.2% |
| Accrued Utilities, Current | $300万2025-12-31 | $652万 | -54.0% | $300万 | $652万 | -54.0% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$3240万 | -$453万 | -615.0% | -$1040万 | -$4560万 | +77.1% |
| Additional Paid in Capital | $18.4亿 | $10.4亿 | +77.6% | $14.3亿 | $7.9亿 | +80.6% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $1.8万2025-09-30 | – | – | $1.8万 | – | – |
| Amortization of Debt Discount (Premium) | $17.1万2026-03-31 | $14.4万 | +18.8% | $50.8万 | $418万 | -87.8% |
| Amortization of Debt Issuance Costs | $90万 | $10万 | +800.0% | $50万 | $420万 | -88.1% |
| Amortization of Intangible Assets | – | – | – | $300万 | $300万 | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1020万 | 214万 | +373.9% | 2060万 | 6.54万 | +31,411.7% |
| Asset Impairment Charges | – | – | – | $610万2024-12-31 | – | – |
| Assets | $99.8亿 | $20.2亿 | +393.5% | $27.5亿 | $15.2亿 | +81.3% |
| Assets Held-for-sale, Long Lived, Fair Value Disclosure | – | – | – | $02024-12-31 | – | – |
| Assets, Current | $70.9亿 | $4.11亿 | +1,622.8% | $4.08亿 | $2.57亿 | +58.9% |
| Assets, Noncurrent | $28.9亿 | $16.1亿 | +79.5% | $23.5亿 | $12.6亿 | +85.9% |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | – | – | – | $306万2024-12-31 | – | – |
| Capital Expenditures Incurred but Not yet Paid | $748万 | $0 | – | $3.53亿 | – | – |
| Cash Acquired from Acquisition | – | – | – | $2300万2023-12-31 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $2.34亿 | $2.16亿 | +8.0% | $4490万 | $8500万 | -47.2% |
| Cash Equivalents, at Carrying Value | $02025-12-31 | $0 | – | $0 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $70.2亿 | $2.22亿 | +3,057.5% | $4860万 | $8560万 | -43.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $68.6亿 | $1.13亿 | +5,950.6% | -$3700万 | $5470万 | -167.7% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $37.002025-09-30 | $53.45 | -30.8% | $53.452024-12-31 | $53.45 | 0.0% |
| Class of Warrant or Right, Outstanding | 2.28万2025-09-30 | 1,895 | +1,104.5% | 1,8952024-12-31 | 1,895 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 1.23亿 | 1.04亿 | +18.0% | 1.1亿 | 9950万 | +10.7% |
| Common Stock, Shares, Outstanding | 1.23亿 | 1.04亿 | +18.0% | 1.1亿 | 9950万 | +10.7% |
| Common Stock, Value, Issued | $123万 | $104万 | +18.0% | $110万 | $99.5万 | +10.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$2700万 | $22.7万 | -11,972.7% | -$2180万 | -$54.9万 | -3,870.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.63亿 | $1.77亿 | -192.0% | -$1.91亿 | $2.76亿 | -169.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$1.9亿 | $1.77亿 | -207.0% | -$2.13亿 | $2.75亿 | -177.4% |
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Change Due to Net Income Attributable to Parent and Effects of Changes, Net | -$1.45亿 | $2.6亿 | -155.9% | – | – | – |
| Contract with Customer, Liability, Current | $304万 | $615万 | -50.6% | $146万 | $620万 | -76.5% |
| Cost of Revenue | $2690万 | $2180万 | +23.5% | $1.08亿 | $8670万 | +24.4% |
| CryptoAssetCustomerReceipt | – | – | – | $426万2024-12-31 | – | – |
| CryptoAssetFairValue | $10.4亿 | $11.4亿 | -9.3% | $13.7亿 | $9.5亿 | +44.5% |
| CryptoAssetFairValueCurrent | $58.1万 | – | – | $81.2万 | – | – |
| CryptoAssetMining | $6600万2025-09-30 | $1160万 | +468.0% | $7150万2024-12-31 | – | – |
| CryptoAssetNumberOfUnits | 17,316 item | 10,667 item | +62.3% | 10,171 item2024-12-31 | 64,203 item | -84.2% |
| CryptoAssetNumberOfUnits | $1570万2025-12-31 | $1020万 | +54.2% | $1570万 | $1020万 | +54.2% |
| CryptoAssetRealizedGainLossOperating | -$1.39亿 | $2.18亿 | -163.7% | -$2.2亿 | $5.09亿 | -143.2% |
| CryptoAssetRealizedLossOperating | $02025-12-31 | – | – | $230万 | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | $221万 | $113万 | +94.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | -$30.6万 | $43.9万 | -169.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $281万 | $170万 | +65.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $91万 | $12.6万 | +622.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$4170万 | $9540万 | -143.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1250万 | $1580万 | -178.8% |
| Deferred Income Tax Expense (Benefit) | -$3310万 | $2750万 | -220.3% | -$5460万 | $1.12亿 | -148.9% |
| Deferred Income Tax Liabilities, Net | $5350万 | $1.18亿 | -54.8% | $1.3亿 | $1.11亿 | +16.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$47.5万 | $47.5万 | -200.0% |
| Deferred Tax Asset, Interest Carryforward | $2200万2025-12-31 | $1440万 | +52.7% | $2200万 | $1440万 | +52.7% |
| Deferred Tax Assets, Capital Loss Carryforwards | $843万2025-12-31 | $671万 | +25.6% | $843万 | $671万 | +25.6% |
| Deferred Tax Assets, Investments | $82.6万2025-12-31 | – | – | $82.6万 | – | – |
| Deferred Tax Assets, Net of Valuation Allowance | $2.91亿2025-12-31 | $1.25亿 | +133.9% | $2.91亿 | $1.25亿 | +133.9% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.32亿2025-12-31 | $4440万 | +197.8% | $1.32亿 | $4440万 | +197.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02