Hut 8 Corp. (HUT) Stock Analysis
Financial Services · Capital Markets · NasdaqGS
Hut 8 Corp. (HUT) posted $235.12M in revenue for fiscal 2025 (up 44.8% year over year), with a net loss of $226.15M, and has compounded revenue about 31.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Hut 8 Corp.
Hut 8 Corp. has grown revenue from $79.19M to $235.12M over the last 5 fiscal years, compounding about 31.3% a year. The most recent year was up 44.8%, so growth is actually accelerating.
Net margin sits at -96.2%, down 300.6 points year over year on a 54.2% gross margin. It carries about $410.16M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Hut 8 Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Hut 8 Corp. revenue & earnings — last 5 fiscal years
| Metric | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $79.19M | $86.74M | $96.05M | $162.38M | $235.12M |
| Gross profit | $53.40M | $43.63M | $41.85M | $75.73M | $127.34M |
| Net income | $-31.80M | $-65.61M | $21.85M | $331.88M | $-226.15M |
| Net margin | -40.2% | -75.6% | 22.7% | 204.4% | -96.2% |
Source: Hut 8 Corp. SEC filings (10-K).
Hut 8 Corp.: 4 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 296.1% while revenue rose 44.8% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Share count rising (dilution)Shares outstanding grew 24.3% over 4 years (88.6M → 110.1M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $610.1M of debt while last year's operating cash flow was negative ($-139.2M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -96.2%).
Explore 5 years of Hut 8 Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Hut 8 Corp. financial history by metric
About Hut 8 Corp.
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services. It also engages in the operation of compute infrastructure; and provision, hosting, monitoring, troubleshooting, repair, maintenance, and sale of mining equipment. In addition, the company offers Bitcoin mining; data center and cloud infrastructure services, including colocation services; and ASIC compute, traditional cloud, and AI cloud services. Hut 8 Corp. was founded in 2020 and is based in Miami, Florida.
Hut 8 Corp. — frequently asked questions
What is Hut 8 Corp.'s revenue?
Hut 8 Corp. (HUT) reported revenue of $235.12M for fiscal year 2025, up 44.8% from the prior year, according to its SEC filings.
Is Hut 8 Corp. profitable?
No — HUT reported a net loss of $-226.15M in fiscal 2025.
What is HUT's P/E ratio?
Hut 8 Corp. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Hut 8 Corp. growing?
HUT's revenue grew at roughly 31.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Hut 8 Corp. have?
As of fiscal year 2025, HUT carried roughly $410.16M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Hut 8 Corp.'s gross margin?
HUT's gross margin was 54.2% in fiscal 2025 — gross profit of $127.34M on revenue of $235.12M.
What is Hut 8 Corp.'s market cap?
Hut 8 Corp. (HUT) has a market capitalization of about $12.66B, based on the latest data in our nightly-refreshed cache.
When does Hut 8 Corp.'s fiscal year end?
HUT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Hut 8 Corp.'s official SEC filings (10-K and 10-Q), covering 5 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.