Hut 8 (HUT) Net Margin (2022 - 2026)
Hut 8 (HUT) recorded Net Margin of -200.44% in Q2 2026, down 532.92 percentage points from 332.48% a year earlier but up 109.14 percentage points from the prior quarter.
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Analysis
Hut 8 (HUT) Net Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Hut 8's Net Margin came in at -188.59% as of Jun 30, 2026, down 301.40 percentage points year-over-year; for FY2025, it came in at -96.19%, down 300.57 percentage points from FY2024.
- Annual Net Margin has a three-year change of -53.05 percentage points (FY2022 to FY2025).
- Across earlier years, Net Margin came in at 204.38% in FY2024 (+181.63 pp), 22.75% in FY2023 and -43.13% in FY2022.
- Quarterly Net Margin has ranged from -613.75% in Q1 2025 to 484.87% in Q1 2024 over the past five years.
- On a year-over-year basis, Net Margin rose in four of the last seven quarters, with an average year-over-year change of -113.42 percentage points.
- Per Business Quant, the preceding three quarters came in at -309.57% (Q1 2026), -316.05% (Q4 2025) and 60.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | -29.46% |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 12.72% |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 18.55% |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 7.64% |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | -200.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -200.44% |
| Mar 31, 2026 | -309.57% |
| Dec 31, 2025 | -316.05% |
| Sep 30, 2025 | 60.00% |
| Jun 30, 2025 | 332.48% |
| Mar 31, 2025 | -613.75% |
| Dec 31, 2024 | 480.30% |
| Sep 30, 2024 | 1.48% |
| Jun 30, 2024 | -204.08% |
| Mar 31, 2024 | 484.87% |
| Dec 31, 2023 | -254.40% |
| Sep 30, 2023 | -20.15% |
| Jun 30, 2023 | -8.21% |
| Mar 31, 2023 | 110.74% |
| Sep 30, 2022 | -1.67% |
API Access
Hut 8 Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HUT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();