Hut 8 (HUT) EBITDA Margin (2022 - 2026)
Hut 8 (HUT) reported EBITDA Margin of 369.55% for Q1 2026, up 23875.0% on a YoY basis from N/an in Q1 2025, and up 24.8% quarter-over-quarter from 491.4% in Q4 2025.
Hut 8 (HUT) EBITDA Margin (2022 - 2026) Analysis & Trends
Hut 8 has reported EBITDA Margin for 5 years, with the latest figure at 369.55% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 23875.0% year-over-year to 369.55%; the trailing twelve-month figure through Mar 2026 stood at 153.63% (down 19964.0% YoY), and the FY2025 full-year result was 136.95%, down 42056.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 369.55%, up from 491.4% in the prior quarter.
- The five-year high for EBITDA Margin was 889.49% in Q4 2024, with the low at 608.3% in Q1 2025.
- Historically, EBITDA Margin has averaged 18.23% across 5 years, with a median of 0.92% in 2023.
- Annual changes were most pronounced in 2024 — EBITDA Margin surged 87239 bps — and 2025, when it plunged 138089 bps.
- Hut 8's EBITDA Margin stood at 11.25% in 2022, then jumped by 52 bps to 17.1% in 2023, then jumped by 5102 bps to 889.49% in 2024, then plunged by 155 bps to 491.4% in 2025, then gained by 25 bps to 369.55% in 2026.
- The last three EBITDA Margin figures came in at 369.55% (Q1 2026), 491.4% (Q4 2025), and 87.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 95.15% |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 136.81% |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 61.80% |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 14.74% |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 47.66% |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -176.07% |
| 10 | Hut 8 | 13.75 Bn | 13.90 Bn | 45.47 Mn | -369.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -369.55% |
| Dec 31, 2025 | -491.40% |
| Sep 30, 2025 | 87.00% |
| Jun 30, 2025 | 454.88% |
| Mar 31, 2025 | -608.30% |
| Dec 31, 2024 | 889.49% |
| Sep 30, 2024 | -3.59% |
| Jun 30, 2024 | -246.18% |
| Mar 31, 2024 | 515.81% |
| Dec 31, 2023 | 17.10% |
| Sep 30, 2023 | -3.06% |
| Jun 30, 2023 | 4.55% |
| Mar 31, 2023 | -2.71% |
| Sep 30, 2022 | 11.25% |