HUT · XBRL financial data
Hut 8 financial statements, every quarter
The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (HUT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 22 | 39* | 52 | 35 | 44 | 32* | 22 | 41 | 84 | 88* | 71 | 75 |
| Cost of revenue | 14 | 21* | 28 | 21 | 18 | 20* | 19 | 22 | 32 | 35* | 26 | 27 |
| General and administrative | 6 | 32* | 20 | 18 | 16 | 19* | 21 | 30 | 26 | 46* | 82 | 76 |
| Operating income (loss) | (1) | 11* | 267 | (87) | (2) | 282* | (148) | 188 | 73 | (435)* | (370) | (206) |
| Interest income | — | — | — | — | — | — | — | — | — | — | — | 27 |
| Interest expense | 6 | 6* | 6 | 6 | 8 | 10* | 7 | 8 | 9 | 6* | 9 | 51 |
| Income tax expense (benefit) | 0 | (0)* | 4 | (2) | 0 | 110* | (20) | 28 | 19 | (78)* | (49) | (31) |
| Net income (loss) | (4) | 11* | 251 | (72) | 1 | 152* | (134) | 137 | 50 | (280)* | (220) | (150) |
| Earnings per share, basic USD per share | (0.10) | — | 2.90 | (0.78) | 0.01 | 1.61* | (1.30) | 1.32 | 0.48 | (2.58)* | (1.98) | (1.27) |
| Earnings per share, diluted USD per share | (0.10) | — | 2.76 | (0.78) | 0.01 | — | (1.30) | 1.18 | 0.43 | — | (1.98) | (1.27) |
| Weighted average shares, basic millions of shares | 46 | 57* | 89 | 90 | 91 | 95* | 103 | 104 | 106 | 109* | 111 | 118 |
| Weighted average shares, diluted millions of shares | 46 | — | 94 | 90 | 96 | 124* | 103 | 119 | 122 | — | 111 | 118 |
Balance sheet
CSVFiscal quarters (HUT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | 13 | 31 | 12 | 176 | 73 | 85 | 108 | 216 | 33 | 45 | 160 | 234 |
| Accounts receivable | 0 | 3 | 8 | 6 | 6 | 7 | 4 | 9 | 7 | 31 | 7 | 12 |
| Total current assets | 22 | 62 | 34 | 196 | 110 | 257 | 269 | 411 | 223 | 408 | 217 | 7,085 |
| Property and equipment, net | 66 | — | — | — | — | — | — | — | — | — | — | — |
| Right-of-use asset | 0 | 15 | 13 | 13 | 21 | 21 | 20 | 20 | 19 | 18 | 17 | 30 |
| Goodwill | — | 58 | 56 | 56 | 56 | 53 | 53 | 56 | 207 | 210 | 209 | 208 |
| Total assets | 179 | 741 | 999 | 1,087 | 1,099 | 1,519 | 1,572 | 2,021 | 2,688 | 2,754 | 2,610 | 9,975 |
| Accounts payable | 4 | 15 | — | — | — | 11 | — | — | — | 16 | — | — |
| Accrued liabilities | 4 | — | — | — | — | — | — | — | — | — | — | — |
| Current portion of long-term debt | — | 64 | 67 | 65 | 65 | 65 | — | — | — | — | — | — |
| Total current liabilities | 11 | 113 | 108 | 117 | 110 | 154 | 213 | 227 | 310 | 376 | 252 | 366 |
| Total deposits | 2 | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | — | 123 | 111 | 264 | 232 | 236 | — | — | — | — | — | — |
| Lease liability, non-current | 1 | 14 | 13 | 12 | 19 | 19 | 18 | 18 | 17 | 16 | 15 | 26 |
| Total liabilities | 156 | 253 | 258 | 419 | 387 | 538 | 584 | 633 | 1,035 | 1,064 | 920 | 8,221 |
| Retained earnings (accumulated deficit) | (111) | (100) | 151 | 79 | 79 | 232 | 98 | 235 | 285 | 5 | (214) | (365) |
| Total stockholders' equity | 23 | 488 | 732 | 660 | 704 | 977 | 960 | 1,267 | 1,442 | 1,422 | 1,380 | 1,443 |
| Total liabilities and equity | 179 | 741 | 999 | 1,087 | 1,099 | 1,519 | 1,572 | 2,021 | 2,688 | 2,754 | 2,610 | 9,975 |
| Common shares outstanding (cover page) millions of shares | 89 | 89 | 90 | 91 | 94 | 104 | 104 | 106 | 108 | 111 | 113 | 123 |
Cash flows
CSVFiscal quarters (HUT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | (4) | 11* | 251 | (72) | 1 | 152* | (134) | 137 | 50 | (280)* | (220) | (150) |
| Stock-based compensation | 0 | 12* | 4 | 7* | 5* | 4* | 4 | 8* | 6* | 40* | 51 | 51* |
| Net cash from operating activities | 2 | (22)* | (26) | (16)* | (4)* | (22)* | (34) | (49)* | 1* | (57)* | (27) | (6)* |
| Net cash from investing activities | 15 | 49* | 23 | 12* | (96)* | (128)* | (58) | (43)* | (350)* | (302)* | (51) | (584)* |
| Proceeds from issuing common stock | 0 | (0)* | — | — | — | — | — | — | — | — | — | — |
| Net cash from financing activities | (15) | (10)* | (15) | 168* | (3)* | 162* | 116 | 205* | 167* | 369* | 191 | 7,450* |
| Net change in cash | 2 | 18* | (19) | 164* | (103)* | 13* | 23 | 113* | (183)* | 9* | 112 | 6,860* |
Compare with peers
SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Hut 8 | 157 | 71 | not reported | 120.0M | — | 10-QSep 30, 2026 |
| Walker & Dunlop | 161 | 307 | 1,169* | 34.3M | — | 10-QJun 30, 2026 |
| Cipher Digital | 656 | 27 | (131)* | 456.4M | 0.7 quarters | 10-QSep 30, 2026 |
| Riot Platforms | 669 | 181 | not reported | 375.2M | — | 10-QSep 30, 2026 |
| Wealthfront | 453 | 92 | 47* | 156.2M | — | 10-QJul 31, 2026 |
| Terawulf | 2,619 | 45 | (137)* | 499.0M | 19.2 quarters | 10-QJun 30, 2026 |
| Fidelity Ethereum Fund | 0 | not reported | 93* | 47.4M | — | 10-QJun 30, 2026 |
| Perella Weinberg Partners | 150 | 251 | 73* | not reported | — | 10-QSep 30, 2026 |
| Ionic Digital | 416 | 49 | not reported | 45.0M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.