Hut 8 Corp. (HUT) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 68.91M | -348.39M | 127.78M | 19.52M | 3.16M | 319.54M | 26.18M | -57.26M | 23.59M | 17.99M | 8.18M | 8.54M | 7.14M | 5.34M | 16.68M | 19.7M | 11.44M | 19.28M | 2.99M | 16.12M |
| Gross Margin % | 97.03% | 111.17% | 79.81% | 47.27% | 14.47% | 94.02% | 59.85% | 156.34% | 45.6% | 47.14% | 37.68% | 41.61% | 45.63% | 40.73% | 47.54% | 61.6% | 60.19% | 81.87% | 64.13% | 48.03% |
| Gross Profit Growth % | 2083.46% | -209.03% | 388.14% | 134.09% | -86.62% | 1676% | 220.12% | -770.29% | 230.45% | 236.99% | -50.96% | -56.64% | -37.57% | -72.3% | 458.25% | 22.25% | 11.33% | 1254.38% | 151.4% | 349.2% |
| Operating Expenses | 413.73M | 85.48M | 53.65M | -168.34M | 150.81M | 37.62M | 27.75M | 29.43M | -243.29M | 7.09M | 8.84M | 7.61M | 8.91M | 76.96M | 12.9M | 34.07M | 15.8M | 20.11M | 3.24M | 7.99M |
| OpEx % of Revenue | 582.58% | -27.28% | 33.51% | -407.6% | 691.3% | 11.07% | 63.44% | -80.35% | -470.21% | 18.58% | 40.74% | 37.06% | 56.98% | 587.06% | 36.79% | 106.53% | 83.16% | 85.39% | 69.56% | 23.82% |
| Selling, General & Admin | 81.74M | 45.73M | 25.86M | 30.16M | 21.06M | 18.84M | 16.18M | 17.9M | 20M | 33.38M | 4.17M | 5.21M | 6.38M | 6.34M | 5.86M | 9.65M | 5.51M | 13.83M | 2.33M | 6.97M |
| SG&A % of Revenue | 115.1% | -14.59% | 16.15% | 73.02% | 96.53% | 5.54% | 36.98% | -48.87% | 38.65% | 87.45% | 19.22% | 25.38% | 40.74% | 48.38% | 16.72% | 30.19% | 29.03% | 58.73% | 49.96% | 20.79% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -344.82M | -433.87M | 74.12M | 187.86M | -147.65M | 281.91M | -1.57M | -86.69M | 266.89M | 10.9M | -665K | 935K | -1.77M | -71.62M | 3.77M | -14.37M | -4.36M | -830K | -253K | 8.12M |
| Operating Margin % | -485.55% | 138.45% | 46.3% | 454.88% | -676.83% | 82.95% | -3.59% | 236.69% | 515.81% | 28.56% | -3.06% | 4.55% | -11.34% | -546.33% | 10.75% | -44.93% | -22.97% | -3.52% | -5.43% | 24.21% |
| Operating Income Growth % | -133.54% | -253.9% | 4824.16% | 316.69% | -155.32% | 2486.13% | -135.94% | -9371.98% | 15135.89% | 115.22% | -117.63% | 106.51% | 59.33% | -8528.8% | 1590.51% | -276.88% | -168.41% | 45.76% | 69.92% | 230.18% |
| EBITDA | -306.38M | -393.45M | 102.59M | 208.39M | -132.12M | 296.86M | 9.35M | -74.9M | 278.61M | 10.37M | 3.81M | 5.05M | 1.17M | -64.82M | 9.64M | -8.11M | -1.54M | 1.51M | 319K | 11.88M |
| EBITDA Margin % | -431.42% | 125.55% | 64.08% | 504.58% | -605.62% | 87.35% | 21.38% | 204.49% | 538.47% | 27.17% | 17.54% | 24.61% | 7.48% | -494.5% | 27.49% | -25.35% | -8.12% | 6.4% | 6.85% | 35.4% |
| EBITDA Growth % | -131.9% | -232.53% | 997.33% | 378.23% | -147.42% | 2762.42% | 145.64% | -1582.23% | 23692.49% | 116% | -60.54% | 162.34% | 175.89% | -4398.67% | 2923.2% | -168.26% | -115.55% | -79.25% | -92.63% | -44.29% |
| D&A (Non-Cash Add-back) | 38.44M | 40.43M | 28.47M | 20.53M | 15.54M | 14.95M | 10.92M | 11.8M | 11.72M | -530K | 4.47M | 4.12M | 2.95M | 6.79M | 5.87M | 6.26M | 2.82M | 2.34M | 572K | 3.75M |
| EBIT | 0 | -374.41M | 78.25M | 173.45M | -147.06M | 269.71M | 9.3M | -66.31M | 269.01M | 16M | 1.41M | 4.29M | 25.19M | -72.13M | 3.77M | -14.37M | -4.36M | -830K | -253K | 0 |
| Net Interest Income | 9.24M | -5.59M | -8.62M | -8.4M | -7.47M | -9.56M | -7.94M | -6.01M | -6.28M | -5.98M | -5.72M | -5.66M | -7.58M | -1.97M | -1.86M | -1.54M | -1.29M | 325.56K | 185.74K | 639K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 48K | 319K | 553K | 731.86K | 764.89K | 788K |
| Interest Expense | -9.24M | 5.59M | 8.62M | 8.4M | 7.47M | 9.56M | 7.94M | 6.01M | 6.28M | 5.98M | 5.72M | 5.66M | 7.58M | 1.97M | 1.91M | 1.86M | 1.84M | 406.3K | 579.15K | 149K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -302.08M | -380M | 69.63M | 165.06M | -154.52M | 260.15M | 1.36M | -72.33M | 262.73M | 10.02M | -4.31M | -1.36M | 17.62M | -82.82M | -245K | -17.89M | -6.48M | -1.6M | -764K | -14.38M |
| Pretax Margin % | -425.36% | 121.26% | 43.49% | 399.66% | -708.34% | 76.55% | 3.11% | 197.47% | 507.78% | 26.26% | -19.87% | -6.64% | 112.59% | -631.75% | -0.7% | -55.93% | -34.12% | -6.8% | -16.4% | -42.88% |
| Income Tax | -82.23M | -78.22M | 19.02M | 27.57M | -20.2M | 110.48M | 453K | -1.87M | 4.4M | -482K | 61K | 322K | 289K | -2.12M | 315K | 7.4M | -2.37M | 242K | -204K | 6.05M |
| Effective Tax Rate % | 27.22% | 20.59% | 27.31% | 16.71% | 13.08% | 42.47% | 33.28% | 2.59% | 1.67% | -4.81% | -1.41% | -23.61% | 1.64% | 2.56% | -128.57% | -41.38% | 36.56% | -15.12% | 26.7% | -42.03% |
| Net Income | -219.85M | -279.68M | 50.11M | 137.31M | -133.89M | 152.22M | 647K | -71.87M | 250.88M | 10.58M | -4.37M | -1.69M | 17.33M | -80.69M | -560K | -25.29M | -4.11M | -1.84M | -560K | -4.04M |
| Net Margin % | -309.57% | 89.25% | 31.3% | 332.48% | -613.75% | 44.79% | 1.48% | 196.21% | 484.87% | 27.73% | -20.15% | -8.21% | 110.74% | -615.55% | -1.6% | -79.07% | -21.65% | -7.83% | -12.02% | -12.04% |
| Net Income Growth % | -64.2% | -283.73% | 7644.82% | 291.07% | -153.37% | 1338.53% | 114.79% | -4162.51% | 1347.81% | 113.11% | -681.07% | 93.33% | 521.3% | -4278.35% | 0% | -525.92% | -121.5% | -106.74% | 37.8% | -242.23% |
| Net Income (Continuing) | -219.85M | -301.77M | 50.61M | 137.48M | -134.32M | 149.66M | 908K | -70.45M | 258.33M | 10.51M | -4.37M | -1.69M | 17.33M | - | - | - | - | - | - | - |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | -1000K | -1000K | 77K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 310.34M | 267.55M | 294.41M | 121.58M | 27.7M | 3.91M | 8.58M | 8.19M | 8.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.98 | -2.58 | 0.43 | 1.18 | -1.30 | 0.55 | 0.01 | -0.78 | 3.62 | 0.29 | -0.10 | -0.04 | 0.41 | -2.63 | -0.02 | -0.91 | -0.14 | -0.07 | -0.02 | -0.16 |
| EPS Growth % | -52.31% | -569.09% | 4200% | 251.28% | -135.91% | 89.66% | 110% | -1850% | 782.93% | 111.03% | -402.51% | 95.6% | 392.86% | -3728.24% | 17.77% | -468.75% | -118.67% | -104.74% | 47.84% | -206.67% |
| EPS (Basic) | -1.98 | -2.64 | 0.48 | 1.32 | -1.30 | 0.68 | 0.01 | -0.78 | 3.80 | 0.30 | -0.10 | -0.04 | 0.41 | -2.63 | -0.02 | -0.91 | -0.15 | -0.07 | -0.02 | -0.16 |
| Diluted Shares Outstanding | 111.06M | 105.33M | 121.76M | 119.02M | 102.85M | 101.05M | 96.41M | 90.19M | 93.7M | 49.81M | 43.2M | 43.19M | 42.34M | 41.48M | 38.91M | 35.6M | 35.63M | 33.92M | 29.3M | 25.86M |
| Basic Shares Outstanding | 111.06M | 105.33M | 105.57M | 104.25M | 102.85M | 91.32M | 91.18M | 90.19M | 89.15M | 47.8M | 43.2M | 43.19M | 42.34M | 41.48M | 38.91M | 35.6M | 34.09M | 33.92M | 29.3M | 24.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |