Hut 8
HUT · TORONTO
Key indicators
HUT profitability and balance sheet ratios
EPS -$1.30 in Q1 FY25, down 148.7% on a year earlier.
| Period | EPS |
|---|---|
| Jun 2023 | -$0.0755 |
| Sep 2023 | -$0.2417 |
| Q4 FY23 | $0.126 |
| Q1 FY24 | $2.67 |
| Q2 FY24 | -$0.80 |
| Q3 FY24 | $0.0068 |
| Q4 FY24 | $1.38 |
| Q1 FY25 | -$1.30 |
Where the money went
Q2 FY26, from revenue to net income
Hut 8 brought in $74.9M of revenue in Q2 FY26, +81.4% on a year earlier. It made a net loss of $150.2M.
- Revenue
- $74.9M
- Costs, expenses and taxes
- $225.1M
- Net income
- −$150.2M
- Net margin
- -200.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $88.5M | $71.0M | $74.9M |
| Gross profit | $53.5M | $45.5M | $48.0M |
| Operating income | −$32.0M | −$74.7M | −$67.8M |
| Net income | −$280.2M | −$219.8M | −$150.2M |
| Diluted EPS | -$3.61 | -$1.98 | -$1.27 |
Balance sheet
What the company owns and owes at period end
| Line item | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|
| Total assets | $1.1B | $1.5B | $1.6B |
| Total liabilities | $0.4B | $0.5B | $0.6B |
| Shareholder equity | $0.7B | $1.0B | $1.0B |
| Cash and short-term investments | $0.1B | $0.2B | $0.2B |
| Total debt | $0.3B | $0.3B | $0.3B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | −$0.1B | −$0.0B | −$0.0B |
| Investing cash flow | −$0.3B | −$0.1B | −$0.6B |
| Financing cash flow | $0.4B | $0.2B | $7.4B |
| Capital expenditure | −$0.1B | −$0.0B | −$0.6B |
| Free cash flow | −$0.1B | −$0.1B | −$0.6B |
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