Hut 8 (HUT) Operating Income (2022 - 2026)
Hut 8's (HUT) quarterly Operating Income came in at -$206.3 million in Q2 2026, down 209.83% on a YoY basis from $187.9 million in Q2 2025, and up 44.29% quarter-over-quarter from -$370.4 million in Q1 2026.
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Analysis
Hut 8 (HUT) Operating Income (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Operating Income for 5 consecutive years, with -$206.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 209.83% year-over-year to -$206.3 million; the trailing twelve-month figure through Jun 2026 stood at -$938.9 million (down 392.9% YoY), and the FY2025 full-year result was -$322.0 million, down 169.92% from the prior year.
- Operating Income rose to -$206.3 million in Q2 2026 per HUT's latest filing, from -$370.4 million in the prior quarter.
- Across five years, Operating Income topped out at $281.9 million in Q4 2024 and bottomed at -$434.9 million in Q4 2025.
- Historically, Operating Income has averaged -$28.4 million across 5 years, with a median of -$1.5 million in 2023.
- The widest YoY moves for Operating Income: up 15135.89% in 2024, down 9371.98% in 2024.
- Over 5 years, Operating Income stood at $3.8 million in 2022, then surged by 171.44% to $10.2 million in 2023, then surged by 2654.14% to $281.9 million in 2024, then slumped by 254.25% to -$434.9 million in 2025, then surged by 52.55% to -$206.3 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$206.3 million, -$370.4 million, and -$434.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.56 Bn | 54.94 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Coinbase Global | 51.47 Bn | 8.27 Bn | - | -113.49 Mn |
| 3 | PayPal Holdings | 47.44 Bn | 5.67 Bn | - | 1.43 Bn |
| 4 | Block | 45.91 Bn | 17.17 Bn | 3.17 Bn | 446.87 Mn |
| 5 | Iren | 33.57 Bn | 21.17 Bn | 103.89 Mn | -620.38 Mn |
| 6 | Corpay | 26.14 Bn | 16.34 Bn | - | 472.27 Mn |
| 7 | Fiserv | 24.72 Bn | 21.42 Bn | 2.90 Bn | 1.02 Bn |
| 8 | Global Payments | 22.99 Bn | 1.43 Bn | 2.03 Bn | 337.12 Mn |
| 9 | Guidewire Software | 11.94 Bn | 8.51 Bn | 269.68 Mn | 62.32 Mn |
| 10 | Hut 8 | 11.93 Bn | 11.77 Bn | 48.04 Mn | -206.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -206.33 Mn |
| Mar 31, 2026 | -370.37 Mn |
| Dec 31, 2025 | -434.86 Mn |
| Sep 30, 2025 | 72.66 Mn |
| Jun 30, 2025 | 187.86 Mn |
| Mar 31, 2025 | -147.65 Mn |
| Dec 31, 2024 | 281.91 Mn |
| Sep 30, 2024 | -1.57 Mn |
| Jun 30, 2024 | -86.69 Mn |
| Mar 31, 2024 | 266.89 Mn |
| Dec 31, 2023 | 11.74 Mn |
| Sep 30, 2023 | -1.51 Mn |
| Jun 30, 2023 | 935,000.00 |
| Mar 31, 2023 | -1.78 Mn |
| Sep 30, 2022 | 3.77 Mn |
API Access
Hut 8 Operating Income 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=operating-income&ticker=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();