Hut 8 (HUT) Gross Margin (2022 - 2026)
Hut 8's (HUT) quarterly Gross Margin came in at 64.03% in Q1 2026, up 4956.0% YoY from 1.27% in Q1 2025, and up 5.93% on a QoQ basis from 60.44% in Q4 2025.
Hut 8 (HUT) Gross Margin (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has 5 years of Gross Margin data on file, last reported at 64.03% in Q1 2026.
- Quarterly Gross Margin rose 4956.0% year-over-year to 64.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 59.67% (up 1793.0% YoY) and the FY2025 annual result came in at 54.16%, up 753.0% from the prior year.
- Gross Margin grew to 64.03% in Q1 2026, from 60.44% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 90.75% in Q3 2022 to a low of 14.47% in Q1 2025.
- A 5-year average of 50.39% and a median of 46.44% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 4953 bps — and 2026, when it soared 4956 bps.
- Tracing HUT's Gross Margin over 5 years: stood at 90.75% in 2022, then plunged by 52 bps to 43.71% in 2023, then fell by 18 bps to 35.91% in 2024, then soared by 68 bps to 60.44% in 2025, then rose by 6 bps to 64.03% in 2026.
- The last three Gross Margin figures came in at 64.03% (Q1 2026), 60.44% (Q4 2025), and 61.29% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Hut 8 | 12.46 Bn | 5.98 Bn | 48.04 Mn | 64.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 64.11% |
| Mar 31, 2026 | 64.03% |
| Dec 31, 2025 | 60.44% |
| Sep 30, 2025 | 61.29% |
| Jun 30, 2025 | 47.27% |
| Mar 31, 2025 | 14.47% |
| Dec 31, 2024 | 35.91% |
| Sep 30, 2024 | 59.85% |
| Jun 30, 2024 | 41.40% |
| Mar 31, 2024 | 45.60% |
| Dec 31, 2023 | 43.71% |
| Sep 30, 2023 | 41.22% |
| Jun 30, 2023 | 43.35% |
| Mar 31, 2023 | 56.18% |
| Sep 30, 2022 | 90.75% |