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

Hut 8 has reported Operating Margin for 5 years, with the latest figure at 521.52% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 15530.0% year-over-year to 521.52%; the trailing twelve-month figure through Mar 2026 stood at 191.58% (down 22631.0% YoY), and the FY2025 full-year result was 136.95%, down 42056.0% from the prior year.
• Operating Margin for Q1 2026 stood at 521.52%, down from 491.4% in the prior quarter.
• The five-year high for Operating Margin was 889.49% in Q4 2024, with the low at 676.83% in Q1 2025.
• Historically, Operating Margin has averaged 2.48% across 5 years, with a median of 0.92% in 2023.
• Annual changes were most pronounced in 2024 — Operating Margin surged 87239 bps — and 2025, when it plunged 138089 bps.
• Hut 8's Operating Margin stood at 11.25% in 2022, then jumped by 52 bps to 17.1% in 2023, then jumped by 5102 bps to 889.49% in 2024, then plunged by 155 bps to 491.4% in 2025, then decreased by 6 bps to 521.52% in 2026.
• The last three Operating Margin figures came in at 521.52% (Q1 2026), 491.4% (Q4 2025), and 87.0% (Q3 2025), per Business Quant data.