Hut 8 Mining Corp. (HUT) Income Statement
HUT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHUT revenue and net income
Where HUT's revenue goes
2025Each bar shows an amount and its share of revenue. HUT kept −105.5% of revenue as net income.
HUT profit margins
HUT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +44.8% | — | — | — |
| Gross profit | +68.2% | — | — | — |
| Operating income | −147.8% | — | — | — |
| Net income | −174.7% | — | — | — |
| EPS (diluted) | −201.8% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HUT quarterly EPS vs estimates
Hut 8 Mining beat the analyst EPS estimate in 6 of the last 7 quarters. Next report: November 4, 2026 (estimate $-1.17).
HUT income statement
| 2025 | 2024 | |
|---|---|---|
| Revenue | $235.1M | $162.4M |
| Cost of revenue | $107.8M | $86.7M |
| Gross profit | $127.3M | $75.7M |
| Sales, general & admin | $122.8M | $72.9M |
| Total operating expenses | $347.3M | −$384.8M |
| Operating income | −$220.0M | $460.5M |
| Interest expense | $30.1M | $29.8M |
| Income before taxes | −$299.8M | $451.9M |
| Income taxes | −$51.8M | $113.5M |
| Net income | −$248.0M | $331.9M |
| EBITDA | −$220.1M | $531.1M |
| EPS (diluted) | −$3.46 | $3.40 |
| Gross margin | 54.2% | 46.6% |
| Operating margin | −93.6% | 283.6% |
| Net margin | −105.5% | 204.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $74.9M | $71.0M | $11.9M | $160.1M | $41.3M | $21.8M | $339.9M |
| Cost of revenue | $26.9M | $25.5M | $35.0M | $32.3M | $21.8M | $18.7M | $20.3M |
| Gross profit | $48.0M | $45.5M | −$23.1M | $127.8M | $19.5M | $3.2M | $319.5M |
| Sales, general & admin | $76.1M | $81.7M | $45.7M | $25.9M | $30.2M | $21.1M | $18.8M |
| Total operating expenses | $254.5M | $120.2M | $311.2M | $53.7M | −$168.3M | $150.8M | $37.6M |
| Operating income | −$206.3M | −$74.7M | −$334.3M | $74.1M | $187.9M | −$147.7M | $281.9M |
| Interest income | $27.1M | — | — | — | $0 | — | — |
| Interest expense | $51.1M | $9.2M | $5.6M | $8.6M | $8.4M | $7.5M | $9.6M |
| Income before taxes | −$208.6M | −$302.1M | −$380.0M | $69.6M | $165.1M | −$154.5M | $260.1M |
| Income taxes | −$31.5M | −$48.9M | −$78.2M | $19.0M | $27.6M | −$20.2M | $110.5M |
| Net income | −$204.1M | −$219.8M | −$301.5M | $50.1M | $137.3M | −$133.9M | $152.2M |
| EBITDA | −$165.7M | −$253.7M | −$386.2M | $106.7M | $194.0M | −$131.5M | $284.7M |
| EPS (diluted) | −$0.26 | $0.10 | −$2.45 | $0.43 | −$0.14 | −$1.30 | $0.55 |
| Gross margin | 64.1% | 64.0% | −194.2% | 79.8% | 47.3% | 14.5% | 94.0% |
| Operating margin | −275.4% | −105.2% | −2,809.7% | 46.3% | 454.9% | −676.8% | 83.0% |
| Net margin | −272.4% | −309.6% | −2,534.1% | 31.3% | 332.5% | −613.7% | 44.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HUT's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HUT financial results
In fiscal year 2025 (ended December 31, 2025), Hut 8 Mining reported revenue of $235.1 million, up 44.8% from the year before. It had a net loss of $248.0 million, a net profit margin of −105.5%. Diluted earnings per share came to −$3.46.
See the HUT stock overview for the latest quote and news, or the HUT chart for price history and technical indicators.
HUT income statement FAQ
What is Hut 8 Mining's annual revenue?
Hut 8 Mining reported total revenue of $235.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 44.8% from $162.4 million the previous year.
Is Hut 8 Mining profitable?
No. Hut 8 Mining reported a net loss of $248.0 million in fiscal 2025, a net profit margin of −105.5%; its operating margin was −93.6%.
What is Hut 8 Mining's gross margin?
Hut 8 Mining's gross margin was 54.2% in fiscal 2025: for every $100 of revenue, Hut 8 Mining kept $54 after the direct cost of its products and services.
What are Hut 8 Mining's earnings per share?
Hut 8 Mining earned $-3.46 per diluted share in fiscal 2025, compared with $3.40 a year earlier.
When will Hut 8 Mining report its next earnings?
Hut 8 Mining is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Hut 8 Mining's fiscal year end?
Hut 8 Mining's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.