HUT financial statements

The full income statement, balance sheet, and cash-flow statement for Hut 8 Corp. (HUT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 91.1M2024-09 93.6M2024-12 103.9M2025-03 104.2M2025-06 105.5M2025-09 108.0M2025-12 110.9M2026-03 112.6M2026-06 123.3M+35.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Revenue	235M YoY+44.8%	162M YoY+69.1%	96.0M
Cost of revenue	108M YoY+24.4%	86.7M YoY+59.9%	54.2M
Selling, general & administrative	123M YoY+68.4%	72.9M YoY+48.4%	49.1M
General & administrative	123M YoY+68.4%	72.9M YoY+48.4%	49.1M
Amortization of intangibles	3.00M YoY+0.0%	3.00M	—
Operating income	-322M YoY-169.9%	461M YoY+4801.4%	9.40M
Interest expense	30.1M YoY+0.9%	29.8M YoY+19.5%	24.9M
Other non-operating income	22.2M YoY+356.8%	-8.63M YoY-168.7%	12.6M
Equity-method income	8.73M YoY-15.8%	10.4M YoY-19.2%	12.8M
Pre-tax income	-300M YoY-166.3%	452M YoY+1957.6%	22.0M
Income tax	-51.8M YoY-145.7%	113M YoY+59614.2%	190K
	-226M YoY-168.1%	332M YoY+1418.9%	21.9M
Income from continuing operations	—	344M	—
Discontinued operations	—	-7.04M YoY-9248.1%	77.0K
Net income to non-controlling interest	-21.8M YoY-4519.2%	-473K	—
	-$2.14 YoY-162.9%	$3.40	—
EPS (basic)	-$2.14 YoY-157.7%	$3.71	—
	105M YoY+15.3%	91.3M YoY+94.0%	47.1M
	105M YoY+4.2%	101M YoY+105.7%	49.1M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	408M YoY+58.9%	257M YoY+316.8%	61.6M
Cash & equivalents	44.9M YoY-47.2%	85.0M YoY+178.8%	30.5M
Accounts receivable	31.1M YoY+345.3%	6.99M YoY+109.5%	3.34M
	2.75B YoY+81.3%	1.52B YoY+105.0%	741M
Operating lease right-of-use	18.5M YoY-10.2%	20.6M YoY+41.7%	14.5M
Goodwill	210M YoY+295.8%	53.1M YoY-7.8%	57.6M
Intangible assets	11.1M YoY-16.1%	13.3M YoY-23.2%	17.3M
Total non-current assets	2.35B YoY+85.9%	1.26B YoY+85.8%	679M
	376M YoY+144.0%	154M YoY+36.8%	113M
Accounts payable	15.8M YoY+39.6%	11.3M YoY-24.5%	15.0M
Accrued liabilities	41.5M YoY-0.7%	41.8M YoY-4.5%	43.8M
Deferred revenue	1.46M YoY-76.5%	6.20M YoY+129.6%	2.70M
Short-term & current debt	—	65.0M YoY+1.3%	64.1M
Current lease liability	2.89M YoY+7.5%	2.69M YoY+119.3%	1.23M
Finance lease liability (current)	—	4.78M YoY+539.4%	748K
	1.06B YoY+97.7%	538M YoY+112.6%	253M
Long-term debt	—	236M YoY+91.1%	123M
Non-current lease liability	16.3M YoY-12.8%	18.7M YoY+36.0%	13.7M
Operating lease liability (total)	19.2M YoY-10.3%	21.4M YoY+42.8%	15.0M
Finance lease liability (total)	0.00 YoY-100.0%	23.7M YoY+1582.0%	1.41M
Finance lease liability	—	18.9M YoY+2761.9%	661K
Deferred tax liabilities	130M YoY+16.9%	111M YoY+18145.3%	609K
Total non-current liabilities	689M YoY+79.2%	384M YoY+173.3%	141M
	1.42B YoY+45.6%	977M YoY+100.3%	488M
Common stock	1.10M YoY+10.7%	995K YoY+11.9%	889K
Additional paid-in capital	1.43B YoY+80.6%	790M YoY+37.0%	576M
Retained earnings	5.48M YoY-97.6%	232M YoY+331.0%	-100M
Non-controlling interest	268M YoY+6742.6%	3.91M	—
Total equity incl. non-controlling	1.69B YoY+72.3%	981M YoY+101.1%	488M
Total liabilities & equity	2.75B YoY+81.3%	1.52B YoY+105.0%	741M
	110M YoY+10.7%	99.5M YoY+11.8%	89.0M
	110M YoY+10.7%	99.5M YoY+11.8%	89.0M
	111M YoY+6.8%	104M YoY+16.4%	89.2M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	-139M YoY-103.1%	-68.5M YoY-209.3%	-22.2M
Depreciation & amortization	102M YoY+113.3%	47.8M YoY+172.4%	17.5M
Intangible amortization	3.00M YoY+0.0%	3.00M	—
Share-based compensation	57.8M YoY+178.1%	20.8M YoY+53.2%	13.6M
Deferred income taxes	-54.6M YoY-148.9%	112M YoY+20236.6%	-555K
Change in receivables	26.4M YoY+3568.2%	719K YoY-38.5%	1.17M
	-754M YoY-300.2%	-188M YoY-316.7%	87.0M
Acquisitions	0.00	0.00	0.00
Purchases of investments	—	6.38M	—
Proceeds from sale of PP&E	5.87M YoY+21.0%	4.85M YoY+545.9%	751K
	856M YoY+174.4%	312M YoY+862.5%	-40.9M
Long-term debt issued	135M YoY+809.2%	14.8M	0.00
Long-term debt repaid	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00
FX effect on cash	285K YoY+209.2%	-261K YoY-177.7%	336K
Net change in cash	-37.0M YoY-167.7%	54.7M YoY+125.5%	24.3M
Interest paid	13.6M YoY+21.5%	11.2M YoY+86.1%	6.00M
Income taxes paid	1.19M YoY-57.8%	2.82M YoY+302.3%	700K
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Market cap	5.09B YoY+139.4%	2.13B YoY+79.3%	1.19B
P/E	—	6.4×	—
P/S	21.7× YoY+65.3%	13.1×	—
P/B	3.6× YoY+64.4%	2.2× YoY-95.7%	50.8×
	—	15.6%	—
Source filing	10-K	10-K	10-K

About this data

Source: HUT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HUT filings on SEC EDGAR → Not investment advice.