Growth Metrics

Hut 8 (HUT) Cost of Revenue (2022 - 2026)

Hut 8 filings provide 4 years of Cost of Revenue readings, the most recent being $35.0 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 72.35% to $35.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $107.8 million, a 24.37% increase, with the full-year FY2025 number at $107.8 million, up 24.37% from a year prior.
  • Cost of Revenue hit $35.0 million in Q4 2025 for Hut 8, up from $32.3 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $35.0 million in Q4 2025 to a low of $3.1 million in Q3 2022.
  • Median Cost of Revenue over the past 4 years was $20.3 million (2024), compared with a mean of $20.4 million.
  • Biggest five-year swings in Cost of Revenue: soared 334.64% in 2023 and later tumbled 39.72% in 2024.
  • Hut 8's Cost of Revenue stood at $3.1 million in 2022, then soared by 982.9% to $33.7 million in 2023, then tumbled by 39.72% to $20.3 million in 2024, then soared by 72.35% to $35.0 million in 2025.
  • The last three reported values for Cost of Revenue were $35.0 million (Q4 2025), $32.3 million (Q3 2025), and $21.8 million (Q2 2025) per Business Quant data.