Hut 8 Financial Statements
NASDAQ: HUTFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hut 8 revenue and earnings
In fiscal 2025, Hut 8 generated $235.1 million in revenue, up 44.8% from fiscal 2024, its 4th consecutive year of revenue growth. Hut 8 reported a net loss of $226.1 million, compared with net income of $331.9 million a year earlier. Gross margin was 54.2% (up from 46.6%) and operating margin -136.9%.
Diluted earnings per share came in at -$2.14, down from $3.40. Over the last 4 fiscal years, HUT's revenue has grown at a 33.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Hut 8 income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20232023-06-30 | FY 20222022-06-30 |
|---|---|---|---|---|---|
| Revenue | 235.12M | 162.38M | 96.05M | 82.16M | 73.73M |
| Revenue growth (YoY) | +44.79% | +69.07% | +16.90% | +11.43% | — |
| Cost of Revenue | 107.77M | 86.66M | 54.19M | 43.11M | 25.78M |
| Gross Profit | 127.34M | 75.73M | 41.85M | 39.05M | 47.95M |
| Operating Expenses | 449.34M | -384.81M | 32.46M | 107.74M | 67.76M |
| Operating Income | -321.99M | 460.54M | 9.40M | -68.69M | -19.82M |
| Interest Expense | 30.07M | 29.79M | 24.93M | 27.93M | 6.92M |
| Other Income (Expense) | 22.16M | -8.63M | 12.57M | 1.88M | -6.92M |
| Pretax Income | -299.83M | 451.91M | 21.96M | -66.81M | -26.73M |
| Income Tax | -51.84M | 113.46M | 190.00K | -1.20M | 5.07M |
| Net Income | -226.15M | 331.88M | 21.85M | -65.61M | -31.80M |
| Net Income growth (YoY) | -168.14% | +1418.91% | — | — | — |
| EPS (Basic) | -2.14 | 3.71 | 0.46 | -1.58 | -0.94 |
| EPS (Diluted) | -2.14 | 3.40 | 0.44 | -1.58 | -0.94 |
| Shares Outstanding (Basic) | 105.33M | 91.32M | 47.08M | 41.47M | 33.90M |
| Shares Outstanding (Diluted) | 105.33M | 101.05M | 49.12M | 41.47M | 33.90M |
| EBITDA | -220.09M | 508.31M | 26.93M | -49.91M | -8.22M |
| Gross Margin | 54.16% | 46.64% | 43.57% | 47.53% | 65.03% |
| Operating Margin | -136.95% | 283.61% | 9.78% | -83.60% | -26.88% |
| Net Margin | -96.19% | 204.38% | 22.75% | -79.86% | -43.13% |
This table shows 5 annual periods of Hut 8's income statement, from FY 2025 back to FY 2022, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow HUT's reporting calendar. What is a income statement?