Hut 8 Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $235.1M | $162.4M | $96.0M | $73.7M |
| Cost of Revenue | $107.8M | $86.7M | $54.2M | $25.8M |
| Gross Profit | $127.3M | $75.7M | $41.9M | $47.9M |
| Gross Margin | 54.2% | 46.6% | 43.6% | 65.0% |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $122.8M | $72.9M | $49.1M | $31.3M |
| Operating Income | $-322.0M | $460.5M | $9.4M | $-19.8M |
| Operating Margin | -136.9% | 283.6% | 9.8% | -26.9% |
| Interest Expense | — | — | $27.9M | $6.9M |
| Pretax Income | $-299.8M | $451.9M | $22.0M | $-26.7M |
| Income Tax Expense | $-51.8M | $113.5M | $190.0K | $5.1M |
| Net Income | $-226.1M | $331.9M | $21.9M | $-31.8M |
| Net Margin | -96.2% | 204.4% | 22.7% | -43.1% |
| EPS (Basic) | $-2.14 | $3.71 | $0.23 | $-0.47 |
| EPS (Diluted) | $-2.14 | $3.40 | $0.22 | $-0.47 |
| Shares Outstanding (Basic) | 105.3M | 91.3M | 94.2M | 67.8M |
| Shares Outstanding (Diluted) | 105.3M | 101.0M | 98.2M | 67.8M |
| Dividends Per Share | — | — | — | — |