Hut 8 Quarterly Income Statement
NASDAQ: HUTFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hut 8 revenue and earnings
In the quarter ended Jun 30, 2026, Hut 8 generated $74.9 million in revenue, up 81.4% from the same quarter a year earlier. Hut 8 reported a net loss of $150.2 million, compared with net income of $137.3 million a year earlier. Gross margin was 64.1% (up from 47.3%) and operating margin -275.4%.
Diluted earnings per share came in at -$1.27, down from $1.18.
Summary generated from market data by MetaCap's automated system. Methodology
Hut 8 income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q1 20242023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 74.93M | 71.02M | 88.49M | 83.51M | 41.30M | 21.82M | 31.69M | 43.73M | 35.22M | 51.74M | 38.17M | 21.70M |
| Revenue growth (YoY) | +81.44% | +225.54% | +179.21% | +90.95% | +17.28% | -57.84% | -16.96% | +101.52% | +71.53% | +230.68% | +13.83% | — |
| Cost of Revenue | 26.89M | 25.55M | 35.01M | 32.33M | 21.78M | 18.66M | 20.31M | 17.56M | 20.64M | 28.15M | 20.17M | 13.53M |
| Gross Profit | 48.04M | 45.47M | 53.48M | 51.18M | 19.52M | 3.16M | 11.38M | 26.18M | 14.58M | 23.59M | 17.99M | 8.18M |
| Operating Expenses | 254.37M | 415.84M | 488.34M | -21.48M | -168.34M | 150.81M | -270.53M | 27.75M | 101.27M | -243.29M | 7.09M | 8.84M |
| Operating Income | -206.33M | -370.37M | -434.86M | 72.66M | 187.86M | -147.65M | 281.91M | -1.57M | -86.69M | 266.89M | 10.90M | -665.00K |
| Interest Expense | 51.16M | 9.24M | 5.59M | 8.62M | 8.40M | 7.47M | 9.56M | 7.94M | 6.01M | 6.28M | 5.98M | 5.72M |
| Other Income (Expense) | -2.27M | 68.29M | 54.86M | -3.02M | -22.80M | -6.87M | -21.77M | 2.93M | 14.37M | -4.16M | -878.00K | -3.65M |
| Pretax Income | -208.60M | -302.08M | -380.00M | 69.63M | 165.06M | -154.52M | 260.15M | 1.36M | -72.33M | 262.73M | 10.02M | -4.31M |
| Income Tax | -31.46M | -48.94M | -78.22M | 19.02M | 27.57M | -20.20M | 110.48M | 453.00K | -1.87M | 4.40M | -482.00K | 61.00K |
| Net Income | -150.19M | -219.85M | -279.68M | 50.11M | 137.31M | -133.89M | 152.22M | 647.00K | -71.87M | 250.88M | 10.58M | -4.37M |
| Net Income growth (YoY) | -209.38% | — | -283.73% | +7644.82% | — | -153.37% | +1338.53% | — | — | +1347.81% | — | — |
| EPS (Basic) | -1.27 | -1.98 | -2.64 | 0.48 | 1.32 | -1.30 | 1.58 | 0.01 | -0.78 | 2.90 | 0.19 | -0.10 |
| EPS (Diluted) | -1.27 | -1.98 | -2.45 | 0.43 | 1.18 | -1.30 | 1.41 | 0.01 | -0.78 | 2.76 | 0.17 | -0.10 |
| Shares Outstanding (Basic) | 118.48M | 111.06M | — | 105.57M | 104.25M | 102.85M | — | 91.18M | 90.19M | 89.15M | — | 43.20M |
| Shares Outstanding (Diluted) | 118.48M | 111.06M | — | 121.76M | 119.02M | 102.85M | — | 96.41M | 90.19M | 93.70M | — | 43.20M |
| EBITDA | -166.60M | -331.93M | -395.11M | 100.45M | 207.32M | -132.75M | 296.22M | 8.89M | -75.16M | 278.36M | 16.98M | 3.82M |
| Gross Margin | 64.11% | 64.03% | 60.44% | 61.29% | 47.27% | 14.47% | 35.91% | 59.85% | 41.40% | 45.60% | 47.14% | 37.68% |
| Operating Margin | -275.36% | -521.52% | -491.40% | 87.00% | 454.88% | -676.83% | 889.49% | -3.59% | -246.18% | 515.81% | 28.56% | -3.06% |
| Net Margin | -200.44% | -309.57% | -316.05% | 60.00% | 332.48% | -613.75% | 480.30% | 148.00% | -204.08% | 484.87% | 27.73% | -20.15% |
This table shows 12 quarterly periods of Hut 8's income statement, from Q2 2026 back to Q1 2024, 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?