Hut 8 Corp. (HUT) Financial Statements
Hut 8 financial statements at a glance
Hut 8 reported revenue of $15.08 million for fiscal year 2025 (ended December 31, 2025), down 97.8% from fiscal year 2024. Net income was -$226.15 million, a net margin of 1499.6% loss, and diluted earnings per share were -$2.14.
At the end of fiscal year 2025 it had total assets of $2.75 billion, total liabilities of $1.06 billion and shareholders' equity of $1.42 billion, with cash and short-term investments of $44.91 million and total debt of $429.33 million.
Its operations brought in -$139.23 million of cash; capital spending was $648.09 million, leaving free cash flow of -$787.31 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Hut 8 Corp.
Income Statement
Annual • USD
Hut 8 key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.1M | $671.7M | $86.7M | $79.2M | – |
| Gross profit | -$92.7M | $585.1M | $43.6M | $53.4M | – |
| Operating income | -$317.4M | $464.4M | -$2.5M | $10.5M | – |
| Net income | -$226.1M | $331.9M | -$65.6M | -$31.8M | – |
| Diluted EPS | -$2.14 | $3.33 | -$0.74 | -$0.36 | – |
| Total assets | $2.8B | $1.5B | $190.0M | $245.0M | $43.2M |
| Total liabilities | $1.1B | $538.3M | $162.6M | $157.4M | $6.4M |
| Shareholders' equity | $1.4B | $976.7M | $27.4M | $87.6M | $36.7M |
| Cash and short-term investments | $44.9M | $85.0M | $10.4M | $21.1M | $9.7M |
| Total debt | $429.3M | $345.6M | $152.5M | $130.7M | $4.6M |
| Operating cash flow | -$139.2M | -$68.5M | -$29.3M | -$42.9M | – |
| Capital spending | $648.1M | $264.6M | $3.1M | $37.3M | – |
| Free cash flow | -$787.3M | -$333.1M | -$32.5M | -$80.2M | – |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Hut 8's revenue in fiscal year 2025?
$15.08 million, down 97.8% from $671.72 million in fiscal year 2024.
How much profit does Hut 8 make?
Hut 8 reported net income of -$226.15 million for fiscal year 2025 (1499.6% of revenue); operating income was -$317.40 million.
How much cash and debt does Hut 8 have?
At the end of fiscal year 2025: cash and short-term investments of $44.91 million and total debt of $429.33 million.
What is Hut 8's free cash flow?
-$787.31 million in fiscal year 2025 (operating cash flow of -$139.23 million minus capital spending of $648.09 million).
