Hut 8
HUT
89.30
-2.92
-3.17%
Hut 8
US · HUT
#1383 by market cap
Listed 1970
89.30
-2.92
-3.17%
Live - 5344 symbols - heartbeat 258s ago
· 2026-10-08 08:28
Pre-market
87.51
-2.00%
After-hours
89.25
-0.06%
Overnight
87.79
-1.69%
- Market cap
- 11.01B
- P/E (TTM)i
- -16.57
- P/Bi
- 7.63
- EPSi
- -2.14
- Div yieldi
- 0.00%
- 52W posi
- 53%
Reader sentiment
Are you bullish or bearish on HUT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 6.19, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 6 years
Latest year +44.79% YoY
Margins
- Gross margin
- 54.16%
- Operating margin
- -41.41%
- Net margin
- -96.19%
Key ratios & quality
- Enterprise valuei
- 11.38B
- Altman Z-Scorei
- 6.19
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | -- | 73.73M | -- | 96.05M | 162.39M | 235.12M |
| Gross profit | -- | 53.40M | -- | 41.85M | 75.73M | 127.34M |
| Selling & admin expenses | -- | 31.33M | -- | 49.13M | 72.92M | 122.81M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -- | 10.49M | -- | -24.82M | -44.96M | -97.36M |
| Pretax profit | -- | -26.73M | -- | 21.96M | 451.91M | -299.83M |
| Tax | -- | 5.07M | -- | 190.00K | 113.46M | -51.84M |
| Net profit | -- | -31.80M | -- | 21.85M | 331.41M | -248.00M |
| Basic EPS | -- | 0 | -- | 0 | 4 | -2 |
| Diluted EPS | -- | -0.36 | -- | 0.44 | 3.33 | -2.14 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 21.82M | 41.30M | 83.51M | 88.49M | 71.02M | 74.93M |
| Gross profit | 3.16M | 19.52M | 51.18M | 53.49M | 45.47M | 48.04M |
| Selling & admin expenses | 21.06M | 30.16M | 25.86M | 45.73M | 81.74M | 76.08M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -32.80M | -30.09M | -2.47M | -32.00M | -74.71M | -67.77M |
| Pretax profit | -154.52M | 165.06M | 69.63M | -380.00M | -302.08M | -208.60M |
| Tax | -20.21M | 27.57M | 19.02M | -78.22M | -48.94M | -31.46M |
| Net profit | -134.32M | 137.48M | 50.61M | -301.77M | -253.14M | -177.14M |
| Basic EPS | -1 | 1 | 0 | -3 | -2 | -1 |
| Diluted EPS | -1.30 | 1.18 | 0.43 | -2.54 | -1.98 | -1.27 |
Balance sheet
| Line item | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total current assets | 9.78M | 37.08M | -- | 61.62M | 256.84M | 408.18M |
| Cash & ST investments | 9.74M | 21.07M | -- | 30.50M | 85.04M | 44.91M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 43.16M | 245.03M | -- | 740.84M | 1.52B | 2.75B |
| Total current liabilities | 6.13M | 100.16M | -- | 112.56M | 153.96M | 375.58M |
| Short-term debt | 4.29M | 77.71M | -- | 66.10M | 72.44M | 202.82M |
| Long-term debt | -- | 51.06M | -- | 123.32M | 235.62M | 210.24M |
| Total liabilities | 6,438,000.00 | 157,422,000.00 | -- | 253,201,000.00 | 538,281,000.00 | 1,064,250,000.00 |
| Total equity | 36.73M | 87.60M | -- | 487.64M | 980.58M | 1.69B |
| Retained earnings | -9.08M | -40.89M | -- | -100.25M | 231.63M | 5.48M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 269.15M | 411.26M | 223.41M | 408.18M | 216.57M | 7.09B |
| Cash & ST investments | 108.38M | 216.25M | 33.49M | 44.91M | 160.02M | 233.58M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 1.57B | 2.02B | 2.69B | 2.75B | 2.61B | 9.98B |
| Total current liabilities | 213.24M | 227.37M | 310.00M | 375.58M | 252.43M | 366.21M |
| Short-term debt | 74.60M | 74.76M | 140.69M | 202.82M | 202.82M | 239.25M |
| Long-term debt | 244.37M | 251.17M | 217.39M | 210.24M | 204.78M | 7.40B |
| Total liabilities | 584,188,000.00 | 632,998,000.00 | 1,034,551,000.00 | 1,064,250,000.00 | 919,568,000.00 | 8,221,074,000.00 |
| Total equity | 987.70M | 1.39B | 1.65B | 1.69B | 1.69B | 1.75B |
| Retained earnings | 97.74M | 235.05M | 285.16M | 5.48M | -214.37M | -364.56M |
Cash flow
| Line item | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -- | -42.92M | -- | -22.16M | -68.54M | -139.23M |
| Depreciation & amortization | -- | 11.99M | -- | 17.83M | 49.41M | 104.51M |
| Free cash flow | -- | -80.19M | -- | -24.67M | -333.13M | -787.31M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | -- | 16.00K | 162.53M | 757.70M |
| Ending cash balance | -- | 21.07M | -- | -- | 85.64M | 48.61M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -33.85M | -48.79M | 770.00K | -57.36M | -27.22M | -5.62M |
| Depreciation & amortization | 15.51M | 20.11M | 28.47M | 40.43M | 39.12M | 40.62M |
| Free cash flow | -98.08M | -94.15M | -351.32M | -243.76M | -125.16M | -589.19M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 112.14M | 205.29M | 130.86M | 309.41M | 230.67M | 43.87M |
| Ending cash balance | 108.97M | 222.35M | 39.63M | 48.61M | 160.63M | 7.02B |
Returns & efficiency
| Line item | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -5,399.49 | -- | -- | 45.33 | -18.86 |
| ROA %i | -- | -22.07 | -30.16 | -- | 29.37 | -10.59 |
| ROIC %i | -- | -38.60 | -- | -- | 35.20 | -12.68 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -- | -25.02 | -44.82 | -- | 296.64 | -114.73 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.60 | 0.37 | 1.87 | -- | 1.67 | 1.09 |
| Quick ratioi | 1.59 | 0.28 | 1.07 | -- | 0.60 | 0.20 |
| Debt / assetsi | 10.65 | 53.33 | 80.28 | -- | 22.76 | 15.59 |
| LT debt / equityi | 2.54 | 60.46 | 551.03 | -- | 27.97 | 15.93 |
| Interest coveragei | -- | -2.86 | -1.39 | -- | 16.17 | -8.97 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | 36.39 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -6.25 | 15.28 | 19.18 | -18.86 | -26.68 | -44.29 |
| ROA %i | -4.11 | 9.47 | 10.87 | -10.59 | -14.93 | -10.00 |
| ROIC %i | -2.51 | 13.06 | 15.70 | -12.68 | -18.35 | -10.02 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 49.55 | 220.44 | 209.94 | -114.73 | -146.15 | -234.76 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.26 | 1.81 | 0.72 | 1.09 | 0.86 | 19.35 |
| Quick ratioi | 0.53 | 1.00 | 0.20 | 0.20 | 0.66 | 0.67 |
| Debt / assetsi | 22.58 | 17.91 | 14.53 | 15.59 | 16.21 | 76.88 |
| LT debt / equityi | 29.19 | 22.67 | 17.33 | 15.93 | 15.95 | 515.01 |
| Interest coveragei | 2.12 | 9.15 | 11.00 | -8.97 | -13.05 | -10.00 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Compute is the largest reported line at 96.72% of revenue, across 4 reported segments.
- The next-largest line, Digital infrastructure, is a distant second at 43.99% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Compute96.72%
Digital infrastructure43.99%
Power7.29%
Quote time 2026-10-08 08:28:30 · For reference only, not investment advice and not tailored to your situation.