Hut 8 (HUT) Gross Margin (2022 - 2026)

Hut 8 has reported Gross Margin for 5 years, with the latest figure 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.
• The five-year high for Gross Margin was 64.03% in Q1 2026, with the low at 14.47% in Q1 2025.
• Historically, Gross Margin has averaged 46.75% across 5 years, with a median of 45.36% in 2022.
• Annual changes were most pronounced in 2025 — Gross Margin tumbled 3113 bps — and 2026, when it soared 4956 bps.
• Hut 8's Gross Margin stood at 45.12% in 2022, then slipped by 3 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.