Hut 8 (HUT) EBITDA (2022 - 2026)

Hut 8 (HUT) reported EBITDA of -$262.4 million for Q1 2026, down 97.77% on a YoY basis from -$11.8 billion in Q1 2025, and up 39.65% quarter-over-quarter from -$434.9 million in Q4 2025.

Hut 8 (HUT) EBITDA (2022 - 2026) Analysis & Trends

Hut 8 has reported EBITDA for 5 years, with the latest figure at -$262.4 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 97.77% year-over-year to -$262.4 million; the trailing twelve-month figure through Mar 2026 stood at -$436.8 million (down 816.62% YoY), and the FY2025 full-year result was -$322.0 million, down 169.92% from the prior year.
  • EBITDA for Q1 2026 stood at -$262.4 million, up from -$434.9 million in the prior quarter.
  • The five-year high for EBITDA was $281.9 million in Q4 2024, with the low at -$434.9 million in Q4 2025.
  • Historically, EBITDA has averaged -$6.9 million across 5 years, with a median of $135000.0 in 2023.
  • The largest YoY upside for EBITDA was 15135.89% in 2024 against a maximum downside of 9371.98% in 2024.
  • Hut 8's EBITDA stood at $3.8 million in 2022, then soared by 171.44% to $10.2 million in 2023, then soared by 2654.14% to $281.9 million in 2024, then plunged by 254.25% to -$434.9 million in 2025, then jumped by 39.65% to -$262.4 million in 2026.
  • The last three EBITDA figures came in at -$262.4 million (Q1 2026), -$434.9 million (Q4 2025), and $72.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -35.15 Mn
2 Morgan Stanley 349.82 Bn 216.29 Bn - 19.58 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 23.57 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 4.01 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 304.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 246.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 584.88 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 294.45 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -254.94 Mn
10 Hut 8 13.75 Bn 13.90 Bn 45.47 Mn -262.45 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -262.45 Mn
Dec 31, 2025 -434.86 Mn
Sep 30, 2025 72.66 Mn
Jun 30, 2025 187.86 Mn
Mar 31, 2025 -132.70 Mn
Dec 31, 2024 281.91 Mn
Sep 30, 2024 -1.57 Mn
Jun 30, 2024 -86.69 Mn
Mar 31, 2024 266.89 Mn
Dec 31, 2023 10.24 Mn
Sep 30, 2023 -665,000.00
Jun 30, 2023 935,000.00
Mar 31, 2023 -1.78 Mn
Sep 30, 2022 3.77 Mn