5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $235M | -$248M | 54.2% | -136.9% | — | — | $45M |
| 2024 | $162M | $331M | 46.6% | 283.6% | — | $301M | $85M |
| 2023 | — | $22M | — | — | — | $187M | $31M |
| 2023 | $82M | -$66M | 47.5% | -83.6% | — | $151M | $10M |
| 2022 | $74M | -$32M | 65.0% | -26.9% | — | $128M | $21M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $71M | -$220M | 64.0% | -521.5% | — | — | $160M |
| Dec '25 | $88M | -$280M | 60.4% | -491.4% | — | — | $45M |
| Sep '25 | $84M | $50M | 61.3% | 87.0% | — | — | $33M |
| Jun '25 | $41M | $137M | 47.3% | 454.9% | — | — | $216M |
| Mar '25 | $22M | -$134M | 14.5% | -676.8% | — | — | $108M |
| Dec '24 | $32M | $152M | 35.9% | 889.5% | — | $301M | $85M |
| Sep '24 | $44M | $647000 | 59.9% | -3.6% | — | $297M | — |
| Jun '24 | $35M | -$72M | 41.4% | -246.2% | — | $329M | — |
| Mar '24 | $52M | $251M | 45.6% | 515.8% | — | $178M | $12M |
| Dec '23 | — | $11M | — | — | — | $187M | $31M |
| Sep '23 | $22M | -$4M | 37.7% | -3.1% | — | — | — |
| Jun '23 | $21M | -$2M | 41.6% | 4.6% | — | $151M | $10M |
| Mar '23 | $16M | $17M | 45.6% | -11.3% | — | — | — |
| Sep '22 | — | -$560000 | — | — | — | — | — |
How the market has priced HUT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, Hut 8 Corp.'s revenue has grown 47.2% per year. These are computed facts, not advice.
As of FY2025, Hut 8 Corp. reported — of total debt against $45M of cash; operating income covered interest expense -10.7×.
In FY2025, gross margin was 54.2%, operating margin -136.9%, and net margin -105.5%.
As of Jun '26, Hut 8 Corp. traded at a price-to-earnings ratio of about 15.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.