Hut 8 Corp. key statistics and ratios
In fiscal 2025, Hut 8 Corp. had return on equity of -18.9%, an operating margin of -136.9%, debt equal to 28.8% of equity and a current ratio of 1.09. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2022Jun 2022 | 2023Jun 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Gross margin | 65.0% | 47.5% | 46.6% | 54.2% | 62.3% |
| Operating margin | −26.9% | −83.6% | 283.6% | −136.9% | −295.3% |
| Net margin | −43.1% | −79.9% | 204.4% | −96.2% | −188.6% |
| Return on equity | −36.3% | −114.1% | 66.1% | −18.9% | −41.9% |
| Return on assets | −13.0% | −30.2% | 38.8% | −10.6% | −9.4% |
| Asset turnover | 0.30 | 0.38 | 0.19 | 0.11 | 0.05 |
| Current ratio | 0.37 | 1.87 | 1.67 | 1.09 | 19.35 |
| Debt to equity | 146.4% | 557.1% | 31.0% | 28.8% | 536.2% |
| Interest cover (operating income ÷ interest) | n/m | — | 15.5x | n/m | n/m |
| Effective tax rate | — | — | 25.1% | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 59.9% | 35.9% | 14.5% | 47.3% | 61.3% | 60.4% | 64.0% | 64.1% |
| Operating margin | −3.6% | 889.5% | −676.8% | 454.9% | 87.0% | −491.4% | −521.5% | −275.4% |
| Net margin | 1.5% | 480.3% | −613.7% | 332.5% | 60.0% | −316.0% | −309.6% | −200.4% |
| Current ratio | 1.00 | 1.67 | 1.26 | 1.81 | 0.72 | 1.09 | 0.86 | 19.35 |
| Debt to equity | 42.2% | 30.8% | — | — | — | — | — | — |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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