Growth Metrics

Hut 8 (HUT) Free Cash Flow (2022 - 2026)

Hut 8 posted quarterly Free Cash Flow of -$63.8 million for Q1 2026, up 46.65% year-on-year from -$43.5 million in Q1 2025, and down 168.87% on a QoQ basis from $92.7 million in Q4 2025.

Hut 8 (HUT) has 5 years of Free Cash Flow data on file, last reported at -$63.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 46.65% year-over-year to -$63.8 million; the trailing twelve-month figure through Mar 2026 stood at -$286.3 million (down 5.12% YoY), and the FY2025 full-year result was -$342.2 million, down 77.72% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$63.8 million, down from $92.7 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $92.7 million in Q4 2025 and bottomed at -$243.5 million in Q3 2025.
  • The 5-year median for Free Cash Flow is -$33.3 million (2023), against an average of -$45.3 million.
  • The widest annual swing landed in 2024, when Free Cash Flow plunged 7209.46%; it then soared 236.63% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$8.3 million in 2022, then plunged by 220.53% to -$26.7 million in 2023, then tumbled by 153.95% to -$67.8 million in 2024, then jumped by 236.63% to $92.7 million in 2025, then sank by 168.87% to -$63.8 million in 2026.
  • The last three Free Cash Flow figures came in at -$63.8 million (Q1 2026), $92.7 million (Q4 2025), and -$243.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -7.85 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - -32.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 7.20 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 2.03 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 3.59 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 11.72 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 124.64 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -1.15 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 103.58 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -63.84 Mn

Historic Data

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DateValue
Mar 31, 2026 -63.84 Mn
Mar 31, 2026 -63.84 Mn
Dec 31, 2025 92.69 Mn
Dec 31, 2025 92.69 Mn
Sep 30, 2025 -243.51 Mn
Sep 30, 2025 -243.51 Mn
Jun 30, 2025 -71.67 Mn
Jun 30, 2025 -71.67 Mn
Mar 31, 2025 -119.66 Mn
Mar 31, 2025 -119.66 Mn
Dec 31, 2024 -67.84 Mn
Dec 31, 2024 -67.84 Mn
Sep 30, 2024 -79.64 Mn
Sep 30, 2024 -79.64 Mn
Jun 30, 2024 -5.23 Mn
Jun 30, 2024 -5.23 Mn
Mar 31, 2024 -39.81 Mn
Mar 31, 2024 -39.81 Mn
Dec 31, 2023 -26.72 Mn
Dec 31, 2023 -26.72 Mn
Sep 30, 2023 2.00 Mn
Sep 30, 2023 2.00 Mn
Jun 30, 2023 -2.93 Mn
Jun 30, 2023 -2.93 Mn
Mar 31, 2023 560,000.00
Mar 31, 2023 560,000.00
Sep 30, 2022 -8.34 Mn
Sep 30, 2022 -8.34 Mn