Hut 8 Corp.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.9M | $71.0M | $88.5M | $83.5M | $41.3M | $21.8M | $31.7M | $43.7M |
| Cost of Revenue | $26.9M | $25.5M | $35.0M | $32.3M | $21.8M | $18.7M | $20.3M | $17.6M |
| Gross Profit | $48.0M | $45.5M | $53.5M | $51.2M | $19.5M | $3.2M | $11.4M | $26.2M |
| Gross Margin | 64.1% | 64.0% | 60.4% | 61.3% | 47.3% | 14.5% | 35.9% | 59.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $76.1M | $81.7M | $45.7M | $25.9M | $30.2M | $21.1M | $18.8M | $16.2M |
| Operating Income | $-206.3M | $-370.4M | $-434.9M | $72.7M | $187.9M | $-147.7M | $281.9M | $-1.6M |
| Operating Margin | -275.4% | -521.5% | -491.4% | 87.0% | 454.9% | -676.8% | 889.5% | -3.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-208.6M | $-302.1M | $-380.0M | $69.6M | $165.1M | $-154.5M | $260.1M | $1.4M |
| Income Tax Expense | $-31.5M | $-48.9M | $-78.2M | $19.0M | $27.6M | $-20.2M | $110.5M | $453.0K |
| Net Income | $-150.2M | $-219.8M | $-279.7M | $50.1M | $137.3M | $-133.9M | $152.2M | $647.0K |
| Net Margin | -200.4% | -309.6% | -316.0% | 60.0% | 332.5% | -613.7% | 480.3% | 1.5% |
| EPS (Basic) | $-1.27 | $-1.98 | $-2.64 | $0.48 | $1.32 | $-1.30 | $1.58 | $0.01 |
| EPS (Diluted) | $-1.27 | $-1.98 | $-2.45 | $0.43 | $1.18 | $-1.30 | $1.41 | $0.01 |
| Shares Outstanding (Basic) | 118.5M | 111.1M | 105.3M | 105.6M | 104.2M | 102.9M | 91.3M | 182.4M |
| Shares Outstanding (Diluted) | 118.5M | 111.1M | 105.3M | 121.8M | 119.0M | 102.9M | 101.0M | 192.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |