Hut 8 Corp. (HUT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -26.84M | -57.36M | 1.07M | -48.79M | -33.85M | -21.64M | -4.2M | -22.48M | -35.53M | 4.8M | 2.19M | -1.32M | -9.26M | -22.31M | -26.96M | -27.48M | -28.29M | -27.61M | -21.32M | -17.93M |
| Operating CF Margin % | -37.8% | 18.3% | 0.67% | -118.13% | -155.16% | -6.37% | -9.61% | 61.36% | -68.66% | 12.58% | 10.11% | -6.45% | -59.18% | -170.16% | -76.87% | -85.92% | -148.88% | -117.23% | -457.65% | -53.46% |
| Operating CF Growth % | 20.69% | -165.06% | 125.56% | -117.06% | 4.72% | -550.57% | -291.44% | -1597.59% | -283.65% | 121.53% | 108.14% | 95.18% | 67.27% | 19.2% | -26.49% | -53.2% | -111.36% | -1794.4% | -4286.09% | -1751.43% |
| Net Income | -216.8M | -301.77M | 70.59M | 137.48M | -134.32M | 151.98M | 874.94K | -95.95M | 348.61M | 14.41M | -4.37M | -16.71M | 108.5M | -186.67M | -23.79M | -88.07M | 55.71M | -111.18M | 23.37M | -20.43M |
| Depreciation & Amortization | 38.58M | 40.43M | 39.7M | 20.11M | 15.51M | 14.95M | 10.88M | 15.78M | 15.89M | 8.35M | 4.53M | 9.67M | 11.04M | 29M | 25.68M | 21.25M | 18.59M | 9.32M | 5.19M | 2.98M |
| Stock-Based Compensation | 0 | 40.05M | 8.81M | 7.64M | 3.79M | 4.34M | 4.96M | 7.01M | 4.47M | 0 | 303K | 2.48M | 3.04M | 1.74M | 1.9M | 1.98M | 1.3M | 2.55M | 2.8M | 1.77M |
| Deferred Taxes | -51.54M | -80.82M | 26.62M | 27.53M | -20.44M | 109.22M | 490K | -284.34K | 3.06M | -1.14M | -288K | -2.06M | -1.07M | -1.73M | 0 | 8.47M | 1.12M | 12.08M | -5.68M | 6.05M |
| Other Non-Cash Items | 181.52M | 275.82M | -149.22M | -225.82M | 108.94M | -306.75M | -15.6M | 92.29M | -341.82M | -1.09M | -807K | 1.11M | -138.14M | 132.88M | -28.98M | 24M | -101.43M | 60.01M | -47.34M | -9.01M |
| Working Capital Changes | 21.4M | -31.06M | 4.56M | -15.73M | -7.33M | 4.62M | -5.84M | -4.01M | -13.89M | 1.88M | 2.83M | 4.19M | 7.38M | 2.46M | -1.77M | 4.9M | -3.58M | -376.68K | 333.29K | 719.41K |
| Change in Receivables | 23.31M | -24.75M | 2.28M | -5.39M | 2.87M | 306K | -605K | 2.25M | -1.96M | 24.15K | 175K | 804K | -1.28M | 139K | 1.06M | 670K | -1.78M | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.63M | -34K | -8.28M | -4.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -5.44M | 0 | 0 | 0 | -8.54M | 14.74M | 0 | -982.76K | -13.64M | -934.33K | 706K | 34K | 8.28M | 4.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -50.46M | -302.37M | -488.66M | -43.24M | -58.24M | -183.69M | -95.69M | 16.08M | 31.46M | 99.47M | 15.26M | -2.27M | -554K | -13.16M | -4.85M | -28.69M | -56.9M | -101.09M | -62.2M | -50.98M |
| Capital Expenditures | -36.11M | -69.03M | -54.67M | -45.36M | -63.34M | -52.49M | -82.55M | -4.97M | -18.17M | 3.59M | -197K | -3.39M | -85K | 65.68M | -35.99M | -56M | -46.39M | -52.36M | -23.83M | -10M |
| CapEx % of Revenue | 50.85% | -22.03% | 34.15% | 109.84% | 290.33% | 15.45% | 188.75% | -13.57% | 35.11% | 9.4% | 0.91% | 16.5% | 0.54% | 501.02% | 102.6% | 175.1% | 244.17% | 222.35% | 511.53% | 29.82% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 6.38M | 6.38M | 78.69M | 90.82M | 89.76M | 88.39M | 90.07M | 87.23M | 82.56M | 115.53M | 85.56M | 93.58M | 97.47M | 100.17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -16.61M | -279.4M | -435.23M | 2.12M | 5.1M | 1.91M | -35.39M | 10.51K | 1.42M | 8.2M | -9.17M | -14.94M | -144K | -78.84M | 31.14M | 27.3M | 19.67M | -48.73M | -38.38M | -40.97M |
| Cash from Financing | 188.35M | 368.51M | 232.71M | 205.25M | 115.52M | 162.33M | -3.25M | 227.43M | -19.75M | -67.55M | -15.09M | 14.37M | -4.76M | 35.92M | 2.52M | 36.59M | 24.79M | 48.82M | 214.72M | 121.1M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 227.47M | 309.41M | 182.51M | 205.29M | 112.14M | 162.05M | 67K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -9.82M | -38K | 12.14M | 810K | 3.5M | 1.39M | -367K | -13.88K | -40.46K | 0 | 0 | 18.25M | -967K | 1.76M | -2.33M | -2.35M | -1.15M | 52.31M | 12.69M | 15.68M |
| Net Change in Cash | 113.95M | 8.98M | -254.85M | 113.38M | 23.34M | -72.91M | -103.19M | 224.49M | -24.35M | 19.68M | 2.37M | 10.78M | -14.61M | -2.51M | -27.11M | -18.39M | -61.6M | -83.1M | 130.55M | 52.84M |
| Free Cash Flow | -62.95M | -243.76M | -490M | -94.15M | -98.08M | -208.16M | -65.25M | -27.45M | -53.69M | 8.39M | 2M | -4.71M | -9.35M | 43.37M | -62.95M | -83.47M | -74.68M | -79.96M | -45.14M | -27.94M |
| FCF Margin % | -88.65% | 77.78% | -306.05% | -227.97% | -449.6% | -61.25% | -149.18% | 74.93% | -103.77% | 21.98% | 9.21% | -22.95% | -59.72% | 330.86% | -179.47% | -261.02% | -393.06% | -339.58% | -969.18% | -83.28% |
| FCF Growth % | 35.81% | -17.1% | -651.01% | -243.04% | -82.67% | -2581.21% | -3365.57% | -482.59% | -474.55% | -80.66% | 103.17% | 94.36% | 87.49% | 154.24% | -39.45% | -198.76% | -448.02% | -19789.66% | -9188.62% | -2784.22% |
| FCF per Share | -0.57 | -2.31 | -4.02 | -0.79 | -0.95 | -2.06 | -0.68 | -0.30 | -0.57 | 0.17 | 0.05 | -0.11 | -0.22 | 1.05 | -1.62 | -2.34 | -2.10 | -2.36 | -1.54 | -1.08 |
| FCF Conversion (FCF/Net Income) | 0.12x | 0.21x | 0.02x | -0.36x | 0.25x | -0.14x | -6.49x | 0.31x | -0.14x | 0.45x | -0.50x | 0.79x | -0.53x | 0.28x | 48.15x | 1.09x | 6.88x | 14.98x | 38.07x | 4.44x |
| Interest Paid | 0 | 6.94M | 2.85M | 1.99M | 1.78M | 5.5M | 1.92M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Taxes Paid | 0 | -481K | 1.56M | 106K | 0 | 1.38M | 199K | - | - | - | - | - | - | - | - | - | - | - | - | - |