Hut 8 Corp.
Financial ServicesNASDAQ:HUT · NASDAQ Global Select
+$2.71 today
Vol 2.19M · Avg 4.78M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
-$41.0M of revenue converted into -$312.1M of net income for the selected period. Gross margin is 75.6% and net margin is 35.9%, showing how much revenue survives after costs and taxes. EPS is $-2.95, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.1M -90.7% | $162.4M +124.6% | $72.3M +10.4% | $65.5M -17.3% | $79.2M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $107.8M +24.4% | $86.7M +112.4% | $40.8M +25.4% | $32.5M +26.2% | $25.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | -$92.7M -222.4% | $75.7M +140.3% | $31.5M -4.3% | $32.9M -38.3% | $53.4M | $8.9B | $7.6B | $6.2B |
| Gross Margin | -614.6% -661.3pp | 46.6% +3.1pp | 43.6% -6.7pp | 50.3% -17.1pp | 67.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $122.8M +68.4% | $72.9M +97.1% | $37.0M +79.2% | $20.6M -34.1% | $31.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $224.7M +158.4% | -$384.8M -1674.7% | $24.4M -71.2% | $84.8M +15.8% | $73.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $104.5M +122.3% | $47.0M +467.3% | $8.3M -42.5% | $14.4M +20.1% | $12.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$165.2M -131.3% | $528.7M +1112.8% | $43.6M +391.7% | -$14.9M -91.1% | -$7.8M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -1095.7% -1421.3pp | 325.6% +265.3pp | 60.3% +83.1pp | -22.8% -12.9pp | -9.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$317.4M -168.9% | $460.5M +6409.9% | $7.1M +113.6% | -$51.9M -103.3% | -$25.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -2104.6% -2388.3pp | 283.6% +273.8pp | 9.8% +89.0pp | -79.2% -47.0pp | -32.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 -100.0% | $696.0K -75.6% | $2.9M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $30.1M +0.9% | $29.8M +58.7% | $18.8M +227.6% | $5.7M +322.9% | $1.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $17.6M +303.6% | -$8.6M -191.2% | $9.5M +566.7% | $1.4M +115.9% | -$8.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$299.8M -166.3% | $451.9M +2632.8% | $16.5M +132.8% | -$50.4M -46.5% | -$34.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -1988.2% -2266.5pp | 278.3% +255.4pp | 22.9% +99.9pp | -77.0% -33.6pp | -43.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$51.8M -145.7% | $113.5M +79210.1% | $143.1K +115.8% | -$904.4K -113.9% | $6.5M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$226.1M -168.1% | $331.9M +1917.3% | $16.5M +133.2% | -$49.5M -55.7% | -$31.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | -1499.6% -1703.9pp | 204.4% +181.6pp | 22.7% +98.4pp | -75.6% -35.5pp | -40.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$2 -157.7% | $4 +706.5% | $0 +109.3% | -$5 -224.8% | -$2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$2 -162.9% | $3 +672.7% | $0 +108.9% | -$5 -224.8% | -$2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $105.3M +15.3% | $91.3M +91.0% | $47.8M +27.3% | $37.6M +40.0% | $26.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $105.3M +4.2% | $101.0M +102.9% | $49.8M +32.6% | $37.6M +40.0% | $26.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Raymond James Financial, Inc.
NYSE:RJF
$29.99B
TeraWulf Inc.
NASDAQ:WULF
$12.99B
StoneX Group Inc.
NASDAQ:SNEX
$10.43B
BGC Group, Inc
NASDAQ:BGC
$5.56B
Piper Sandler Companies
NYSE:PIPR
$5.38B
Moelis & Company
NYSE:MC
$5.17B
Virtu Financial, Inc.
NYSE:VIRT
$4.85B
Lazard Ltd
NYSE:LAZ
$4.30B
MarketAxess Holdings Inc.
NASDAQ:MKTX
$4.28B
PJT Partners Inc.
NYSE:PJT
$3.97B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does HUT generate?
Hut 8 Corp. (HUT) reported $15.08M of revenue in fiscal 2025.
Is HUT profitable?
Hut 8 Corp. (HUT) reported -$226,149,000.00 of net income, with a net margin of -1499.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.