Hut 8 (HUT) Gross Margin (2022 - 2026)
Hut 8 posted quarterly Gross Margin of 64.03% for Q1 2026, up 4956.0% year-on-year from 1.27% in Q1 2025, and up 5.93% on a QoQ basis from 60.44% in Q4 2025.
Hut 8 (HUT) has 5 years of Gross Margin data on file, last reported at 64.03% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 4956.0% year-over-year to 64.03%; the trailing twelve-month figure through Mar 2026 stood at 59.67% (up 1793.0% YoY), and the FY2025 full-year result was 54.16%, up 753.0% from the prior year.
- Gross Margin for Q1 2026 stood at 64.03%, up from 60.44% in the prior quarter.
- Across five years, Gross Margin topped out at 64.03% in Q1 2026 and bottomed at 14.47% in Q1 2025.
- The 5-year median for Gross Margin is 45.36% (2022), against an average of 46.75%.
- The widest annual swing landed in 2025, when Gross Margin sank 3113 bps; it then soared 4956 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 45.12% in 2022, then dropped by 3 bps to 43.71% in 2023, then retreated by 18 bps to 35.91% in 2024, then jumped by 68 bps to 60.44% in 2025, then gained 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 64.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 37.68% |
| Jun 30, 2023 | 41.61% |
| Mar 31, 2023 | 56.18% |
| Sep 30, 2022 | 45.12% |