Hut 8 Corp. income statement
In fiscal 2025, Hut 8 Corp. reported revenue of $235m, up 44.8% on the year before, operating income of −$322m (a -136.9% margin) and net income of −$226m, or −$2.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Jun 2022 | 2023Jun 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 74 | 82 | 162 | 235 | 318 |
| Cost of revenue | 26 | 43 | 87 | 108 | 120 |
| Gross profit | 48 | 39 | 76 | 127 | 198 |
| General and administrative | 31 | 27 | 73 | 123 | 229 |
| Operating income | −20 | −69 | 461 | −322 | −939 |
| Interest expense | 7 | — | 30 | 30 | 75 |
| Income before tax | −27 | −67 | 452 | −300 | −821 |
| Income tax | 5 | −1 | 113 | −52 | −140 |
| Net income | −32 | −66 | 332 | −226 | −600 |
| Diluted EPS | −$0.94 | −$1.58 | $3.40 | −$2.14 | −$5.59 |
| Diluted shares (average) | 34m | 41m | 101m | 105m | 107m |
| EBITDA | −8 | −50 | 508 | −220 | −793 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 32 | 22 | 41 | 84 | 88 | 71 | 75 |
| Cost of revenue | 18 | 20 | 19 | 22 | 32 | 35 | 26 | 27 |
| Gross profit | 26 | 11 | 3 | 20 | 51 | 53 | 45 | 48 |
| General and administrative | 16 | 19 | 21 | 30 | 26 | 46 | 82 | 76 |
| Operating income | −2 | 282 | −148 | 188 | 73 | −435 | −370 | −206 |
| Interest expense | 8 | 10 | 7 | 8 | 9 | 6 | 9 | 51 |
| Income before tax | 1 | 260 | −155 | 165 | 70 | −380 | −302 | −209 |
| Income tax | 0 | 110 | −20 | 28 | 19 | −78 | −49 | −31 |
| Net income | 1 | 152 | −134 | 137 | 50 | −280 | −220 | −150 |
| Diluted EPS | $0.01 | $1.45 | −$1.30 | $1.18 | $0.43 | −$2.63 | −$1.98 | −$1.27 |
| EBITDA | 9 | 296 | −133 | 207 | 100 | −395 | −332 | −167 |
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