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Nasdaq · Financials

Hut 8 Corp. (HUT)

As-reported financials and SEC filings for Hut 8 Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Hut 8 Corp.

Hut 8 Corp. operates as a digital asset mining company primarily focused on Bitcoin mining. The company owns and manages mining infrastructure, including data centers and power plants, to support its cryptocurrency mining operations. It serves investors and participants in the digital currency market.

Snapshot

Revenue
$235.1M
Revenue growth (YoY)
44.8%
Net income
$-226.1M
Diluted EPS
$-2.14
Gross margin
54.2%
Operating margin
-136.9%
Net margin
-96.2%
FCF margin
—
ROE
-13.4%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$10.51B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Hut 8

  • Revenue grew 44.8% to $235M in FY2025, slower than the 69.1% the year before.
  • Operating margin is -136.9% in FY2025, -110.1 pp against -26.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $75M, up 81.4% from Q2 FY2025.
  • Net income turned to a $226M loss in FY2025, from a $332M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Hut 8’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin54.2%
51st percentile of 48
Operating margin-136.9%
1st percentile of 141
Net margin-96.2%
1st percentile of 372
Revenue growth (YoY)+44.8%
85th percentile of 419
ROE-13.4%
16th percentile of 373
Short interest4.45d
62nd percentile of 419

Hut 8’s operating margin of -136.9% ranks in the 1st percentile of the 141 Financials companies reporting it. Hut 8’s net margin of -96.2% ranks in the 1st percentile of the 372 Financials companies reporting it. Hut 8’s revenue growth of +44.8% ranks in the 85th percentile of the 419 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $2.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
7
4 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$2.49B
reported long value
InvestorAs ofPosition valueSharesChange
Coatue ManagementQ2 2026$1.12B9.7MNew
Lone Pine CapitalQ2 2026$666.5M5.8MReduced
D. E. ShawquantQ2 2026$220.7M1.9MReduced
Third PointQ2 2026$151.8M1.3MAdded
Citadel AdvisorsquantQ2 2026$117.6M1.0MAdded
Millennium ManagementquantQ2 2026$48.7M422.0KReduced
Two Sigma InvestmentsquantQ2 2026$47.8M414.3KNew
Duquesne Family OfficeQ2 2026$36.3M314.1KNew
Renaissance TechnologiesquantQ2 2026$34.4M297.6KReduced
Point72 Asset ManagementquantQ2 2026$33.0M286.1KNew
AQR Capital ManagementquantQ2 2026$9.6M82.9KAdded

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
3
$2.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-24
filed 2026-09-28
Mayo A. Shattuck IIIDirectorSell20.0K$100.00$2.0M
2026-08-24
filed 2026-08-25
Sean Joseph GlennanChief Financial OfficerSell5.8K$78.70$457K
2026-08-24
filed 2026-08-25
Sean Joseph GlennanChief Financial OfficerSell638$79.33$51K
2026-06-17
filed 2026-06-18
Victor SemahChief Legal OfficerSell10.0K$125.00$1.3M
2026-06-12
filed 2026-06-15
Joseph FlinnDirectorSell4.4K$117.69$524K
2026-06-12
filed 2026-06-15
Joseph FlinnDirectorSell2.3K$118.76$279K
2026-06-12
filed 2026-06-15
Joseph FlinnDirectorSell914$116.80$107K
2026-06-12
filed 2026-06-15
Joseph FlinnDirectorSell8$119.44$956
2026-06-11
filed 2026-06-15
Joseph FlinnDirectorSell23.0K$115.94$2.7M
2026-06-11
filed 2026-06-15
Joseph FlinnDirectorSell7.5K$117.04$878K
2026-05-21
filed 2026-05-26
Amy Marie WilkinsonDirectorSell20.0K$100.78$2.0M
2026-05-13
Rick RickertsenDirectorSell17.5K$110.00$1.9M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
19.0M
settled 2026-09-30
Change vs prior
+14.1%
vs previous settlement
Days to cover
4.45
at avg daily volume
Avg daily volume
4.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3019.0M+14.1%4.45
2026-09-1516.7M+12.1%3.68
2026-08-3114.9M+10.3%3.01
2026-08-1413.5M+8.8%2.90
2026-07-3112.4M+4.8%2.57
2026-07-1511.8M-6.8%3.11
2026-06-3012.7M-4.8%2.78
2026-06-1513.3M-16.9%3.50

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$235.1M$162.4M$96.0M$82.2M$73.7M
Gross profit
Operating income$-322.0M$460.5M$9.4M$-68.7M$-19.8M
Net income$-226.1M$331.9M$21.9M$-65.6M$-31.8M
Diluted EPS$-2.14$3.40

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-139.2M$-68.5M$-22.2M$-29.3M$-42.9M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$74.9M81.4%$-150.2M$-1.27
Q1 FY2026$71.0M225.5%$-219.8M$-1.98
Q4 FY2025179.2%
Q3 FY2025$83.5M90.9%$50.1M$0.43
Q2 FY2025$41.3M17.3%$137.3M$1.18
Q1 FY2025$21.8M-57.8%$-133.9M$-1.30
Q4 FY2024-17.0%
Q3 FY2024$43.7M101.5%$647,000—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryFinance Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2023
SEC CIK1964789

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-09-28
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-20
View on EDGAR →
8-K2026-06-12
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.