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Hut (HUT) | Financial Analysis & Statements

Hut 8 Corp. | Mid-cap | Financial Services

$34.88

-7.87%

Hut vs Morgan Stanley Hut vs Goldman Sachs Hut vs PJT Partners Hut vs MarketAxess Holdings Hut vs Mara Holdings Hut vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue -90.6M

Gross Profit -109.2M

Operating Income -145.2M

Net Income -134.3M

EPS (Diluted) $-1.30

Balance Sheet Metrics

Total Assets 1.6B

Total Liabilities 584.2M

Shareholders Equity 987.7M

Debt to Equity 0.59

Cash Flow Metrics

Operating Cash Flow 196.9M

Free Cash Flow -94.2M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Hut Income Statement From 2022 to 2024

Metric	2024	2023	2022
Revenue i	671.7M	86.7M	79.2M
Cost of Goods Sold i	86.7M	43.1M	25.8M
Gross Profit i	585.1M	43.6M	53.4M
Gross Margin % i	87.1%	50.3%	67.4%
Operating Expenses
Research & Development i	-	-	-
Selling, General & Administrative i	72.9M	27.3M	31.3M
Other Operating Expenses i	-	-	-
Total Operating Expenses i	72.9M	27.3M	31.3M
Operating Income i	464.4M	-2.5M	10.5M
Operating Margin % i	69.1%	-2.9%	13.2%
Non-Operating Items
Interest Income i	-	-	-
Interest Expense i	29.8M	27.9M	6.9M
Other Non-Operating Income	17.3M	-36.4M	-30.3M
Pre-tax Income i	451.9M	-66.8M	-26.7M
Income Tax i	113.5M	-1.2M	5.1M
Effective Tax Rate % i	25.1%	0.0%	0.0%
Net Income i	331.4M	-65.6M	-31.8M
Net Margin % i	49.3%	-75.6%	-40.2%
Key Metrics
EBITDA i	524.1M	22.7M	22.5M
EPS (Basic) i	$3.63	$-0.74	$-0.36
EPS (Diluted) i	$3.33	$-0.74	$-0.36
Basic Shares Outstanding i	91320744	88550105	88550105
Diluted Shares Outstanding i	91320744	88550105	88550105

Income Statement Trend

Hut Balance Sheet From 2021 to 2024

Metric	2024	2023	2022	2021	2021
Assets
Current Assets
Cash & Equivalents i	85.0M	10.4M	21.1M	140.1M	6.7M
Short-term Investments i	-	851.0K	847.0K	-	3.0M
Accounts Receivable i	7.0M	636.0K	1.2M	647.4K	0
Inventory i	-	-	-	-	-
Other Current Assets	-	-	-	323.9M	-
Total Current Assets i	256.8M	19.4M	37.1M	468.1M	9.8M
Non-Current Assets
Property, Plant & Equipment i	58.1M	536.0K	2.4M	220.9M	490.0K
Goodwill i	119.4M	5.5M	0	-	-
Intangible Assets i	13.3M	5.5M	-	-	-
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	857.1M	-	0	-	2.1M
Total Non-Current Assets i	1.3B	170.6M	207.9M	252.6M	33.4M
Total Assets i	1.5B	190.0M	245.0M	720.7M	43.2M
Liabilities
Current Liabilities
Accounts Payable i	11.3M	3.6M	6.3M	7.1M	1.5M
Short-term Debt i	72.4M	1.7M	77.7M	16.5M	4.3M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	18.4M	591.0K	478.0K	-	-
Total Current Liabilities i	154.0M	10.3M	100.2M	26.1M	6.1M
Non-Current Liabilities
Long-term Debt i	273.2M	150.8M	53.0M	24.2M	307.0K
Deferred Tax Liabilities i	111.1M	1.5M	3.0M	5.5M	0
Other Non-Current Liabilities	-	-	1.3M	-	-
Total Non-Current Liabilities i	384.3M	152.3M	57.3M	128.7M	307.0K
Total Liabilities i	538.3M	162.6M	157.4M	154.7M	6.4M
Equity
Common Stock i	995.0K	432.0K	415.0K	636.6M	0
Retained Earnings i	231.6M	-106.5M	-40.9M	-188.3M	-9.1M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	980.6M	27.4M	87.6M	566.0M	36.7M
Key Metrics
Total Debt i	345.6M	152.5M	130.7M	40.7M	4.6M
Working Capital i	102.9M	9.0M	-63.1M	442.0M	3.7M

Balance Sheet Composition

Hut Cash Flow Statement From 2022 to 2024

Metric	2024	2023	2022
Operating Activities
Net Income i	331.4M	-65.6M	-31.8M
Depreciation & Amortization i	49.4M	19.1M	12.0M
Stock-Based Compensation i	20.8M	4.6M	9.2M
Working Capital Changes i	-470.0K	-15.4M	15.0M
Operating Cash Flow i	529.5M	-84.7M	-58.1M
Investing Activities
Capital Expenditures i	-158.8M	-2.9M	-37.3M
Acquisitions i	-3.2M	-10.0M	0
Investment Purchases i	-	-	-
Investment Sales i	-	50.0M	44.4M
Investing Cash Flow i	-87.5M	25.2M	-134.4M
Financing Activities
Share Repurchases i	-	-	-
Dividends Paid i	-	-	-
Debt Issuance i	164.8M	14.2M	130.7M
Debt Repayment i	-36.8M	-19.6M	-10.5M
Financing Cash Flow i	311.9M	-6.6M	191.6M
Free Cash Flow i	-333.1M	-32.5M	-80.2M
Net Change in Cash i	754.0M	-66.1M	-788.0K

Cash Flow Trend

Hut Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 24.99

Forward P/E -446.75

Price to Book 2.95

Price to Sales 27.22

PEG Ratio -0.09

Profitability Ratios

Profit Margin 112.81%

Operating Margin 463.08%

Return on Equity 14.95%

Return on Assets 13.32%

Financial Health

Current Ratio 1.81

Debt to Equity 26.07

Per Share Data

EPS (TTM) $1.43

Book Value per Share $12.13

Revenue per Share $1.41

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
hut	3.7B	24.99	2.95	14.95%	112.81%	26.07
Morgan Stanley	256.6B	18.33	2.63	14.13%	22.49%	438.54
Goldman Sachs	244.1B	17.91	2.36	12.74%	28.40%	588.39
PJT Partners	7.4B	31.80	26.96	31.56%	10.43%	48.86
MarketAxess Holdings	6.7B	30.04	4.82	16.33%	26.62%	4.94
Mara Holdings	6.6B	9.59	1.35	18.24%	85.02%	55.15

Financial data is updated regularly. All figures are in the company's reporting currency.