Hut 8 revenue and financials
$92.22Change from previous close: +3.30%Absolute change: +$2.95
In the fiscal year ended December 2025, Hut 8 reported revenue of $235.12M (+44.79% year over year). The net loss was $226.15M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +44.79%
- 2025 vs 2024
- Net margin
- -96.2%
- 2024: 204.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -5.6 | -27.2 | -57.4 | 0.8 | -48.8 | -33.8 | -21.6 | -4.2 | -16.4 | -26.3 | 2.2 | -4.0 |
| Depreciation and amortization | 40.6 | 39.1 | 40.4 | 28.5 | 20.1 | 15.5 | 14.9 | 10.9 | 11.8 | 11.8 | 4.5 | 4.1 |
| Capital expenditure | -580 | -36.6 | -69.0 | -39.2 | -45.4 | -63.3 | -37.3 | -109 | -3.6 | -13.5 | -1.2 | -0.0 |
| Investing cash flow | -584 | -51.2 | -302 | -350 | -43.2 | -58.2 | -128 | -95.7 | 11.7 | 23.3 | 15.3 | 16.1 |
| Financing cash flow | 7,450 | 191 | 369 | 167 | 205 | 116 | 162 | -3.3 | 168 | -14.6 | -15.1 | -10.4 |
| Share repurchases | — | — | -134 | — | — | — | — | — | -0.0 | -0.0 | — | — |
| Debt issued | 7,700 | — | 70.0 | 65.0 | 3.5 | 0.0 | — | — | 150 | 14.8 | — | — |
| Debt repaid | -210 | -29.7 | -10.9 | -37.7 | -0.9 | -0.1 | -1.1 | -3.0 | -3.1 | -29.6 | -15.1 | -10.4 |
| Effect of exchange rates | 0.0 | -0.6 | 0.2 | 0.0 | 0.2 | -0.1 | -0.2 | -0.0 | 1.1 | -1.1 | — | — |
| Net change in cash | 6,860 | 112 | 9.0 | -183 | 113 | 23.3 | 12.7 | -103 | 164 | -18.8 | 2.4 | 1.7 |
| Free cash flow | -585 | -63.8 | -126 | -38.4 | -94.2 | -97.2 | -58.9 | -114 | -19.9 | -39.8 | 1.0 | -4.0 |
| Levered free cash flow | -7,365 | -0.2 | -438 | 60.7 | 76.4 | -71.1 | 73.7 | -143 | -17.1 | 168 | — | — |