Hut 8 (HUT) Net Margin (2022 - 2026)
Hut 8's (HUT) quarterly Net Margin came in at 236.35% in Q2 2026, down 56931.0% on a YoY basis from N/an in Q2 2025, and up 33.69% quarter-over-quarter from 356.44% in Q1 2026.
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Hut 8 (HUT) Net Margin (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Net Margin for 5 consecutive years, with 236.35% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 56931.0% year-over-year to 236.35%; the trailing twelve-month figure through Jun 2026 stood at 207.38% (down 31873.0% YoY), and the FY2025 full-year result was 95.88%, down 30460.0% from the prior year.
- Net Margin improved to 236.35% in Q2 2026 per HUT's latest filing, from 356.44% in the prior quarter.
- Across five years, Net Margin topped out at 499.61% in Q1 2024 and bottomed at 613.33% in Q1 2025.
- Historically, Net Margin has averaged 11.45% across 5 years, with a median of 10.24% in 2023.
- The widest YoY moves for Net Margin: up 53210 bps in 2025, down 111294 bps in 2025.
- Over 5 years, Net Margin stood at 1.67% in 2022, then soared by 713 bps to 10.24% in 2023, then soared by 4519 bps to 472.98% in 2024, then tumbled by 167 bps to 315.83% in 2025, then climbed by 25 bps to 236.35% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 236.35%, 356.44%, and 315.83% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -179.60% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -498.44% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -236.35% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -136.12% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -348.63% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -40.33% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -213.59% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -180.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -236.35% |
| Mar 31, 2026 | -356.44% |
| Dec 31, 2025 | -315.83% |
| Sep 30, 2025 | 60.28% |
| Jun 30, 2025 | 332.95% |
| Mar 31, 2025 | -613.33% |
| Dec 31, 2024 | 472.98% |
| Sep 30, 2024 | 1.48% |
| Jun 30, 2024 | -199.14% |
| Mar 31, 2024 | 499.61% |
| Dec 31, 2023 | 10.24% |
| Sep 30, 2023 | 19.47% |
| Jun 30, 2023 | 43.24% |
| Mar 31, 2023 | 110.74% |
| Sep 30, 2022 | -1.67% |