Hut 8 reported a gross margin of 64.11% and a net margin of -236.35% for the quarter ended Jun 2026. These financial ratios cover 15 quarters of results from Sep 2022 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||
| Gross Margin | 45.12% | 235.05% | 43.35% | 41.22% | 43.71% | 45.60% | 41.40% | 59.85% | 35.91% | 14.47% | 47.27% | 61.29% | 60.44% | 64.03% | 64.11% |
| EBT Margin | -0.73% | 112.59% | 44.93% | 20.63% | 9.54% | 507.78% | -205.38% | 3.11% | 820.81% | -708.34% | 399.66% | 83.38% | -429.41% | -425.36% | -278.39% |
| EBIT Margin | 11.25% | -11.34% | 2.58% | -2.60% | 17.10% | 515.81% | -246.18% | -3.59% | 889.49% | -676.83% | 454.88% | 87.00% | -491.40% | -521.52% | -275.36% |
| EBITDA Margin | 11.25% | -11.34% | 2.58% | -2.60% | 17.10% | 515.81% | -246.18% | -3.59% | 889.49% | -676.83% | 454.88% | 87.00% | -491.40% | -521.52% | -275.36% |
| Operating Margin | 11.25% | -11.34% | 2.58% | -2.60% | 17.10% | 515.81% | -246.18% | -3.59% | 889.49% | -676.83% | 454.88% | 87.00% | -491.40% | -521.52% | -275.36% |
| Net Margin | -1.67% | 110.74% | 43.24% | 19.47% | 10.24% | 499.61% | -199.14% | 1.48% | 472.98% | -613.33% | 332.95% | 60.28% | -315.83% | -356.44% | -236.35% |
| FCF Margin | -48.77% | 3.18% | -9.69% | 1.84% | -44.62% | -76.95% | -56.54% | -148.53% | -214.06% | -548.54% | -173.54% | -343.68% | -123.77% | -124.67% | -12.84% |
| Efficiency | |||||||||||||||
| Assets AverageAssets Avg. | 0.18B | 0.46B | 0.87B | 1.04B | 1.09B | 0.56B | 0.80B | 1.80B | 2.35B | 2.72B | 2.68B | 6.29B | |||
| Invested CapitalInvested Cap. | 0.18B | 0.17B | 0.68B | 0.92B | 1.00B | 1.01B | 1.35B | 1.30B | 1.70B | 2.00B | 2.10B | 2.09B | 9.39B | ||
| Asset Utilization RatioAsset Util. | 0.78 | 0.37 | 0.24 | 0.20 | 0.17 | 0.29 | 0.17 | 0.08 | 0.08 | 0.09 | 0.11 | 0.05 | |||
| Leverage & Solvency | |||||||||||||||
| Interest Coverage RatioInterest Cover | 0.94 | -0.23 | 0.07 | -0.08 | 0.87 | 42.49 | -14.42 | -0.20 | 29.48 | -19.77 | 22.37 | 8.43 | -77.76 | -40.07 | -4.03 |
| Debt Ratio | 0.80 | 0.79 | 0.25 | 0.18 | 0.31 | 0.27 | 14.12 | 0.20 | 0.16 | 0.13 | 0.15 | 0.16 | 0.77 | ||
| Times Interest Earned | 0.94 | -0.23 | 0.07 | -0.08 | 0.87 | 42.49 | -14.42 | -0.20 | 29.48 | -19.77 | 22.37 | 8.43 | -77.76 | -40.07 | -4.03 |
| Dividends & Payouts | |||||||||||||||
| Dividend Coverage RatioDiv. Cover | -25.42 | ||||||||||||||
| FCF Payout RatioFCF Cover | -0.11 | ||||||||||||||
| Dividend YieldDiv. Yield | 0.19% | ||||||||||||||
| Payout Ratio | -0.04 | ||||||||||||||
| Valuation | |||||||||||||||
| Price to EarningsP/E | -685.45 | 23.06 | 48.20 | 39.55 | 102.45 | 3.78 | -19.44 | 0.00B | 13.60 | -9.05 | 14.12 | 73.51 | -18.10 | -20.86 | -80.30 |
| Price to SalesP/S | 11.45 | 25.53 | 20.84 | 7.70 | 10.49 | 18.87 | 38.71 | 26.21 | 64.31 | 55.48 | 47.03 | 44.31 | 57.15 | 74.34 | 189.79 |
| Price to BookP/B | 4.27 | 13.90 | 27.55 | 19.09 | 1.29 | 1.32 | 2.04 | 1.61 | 2.08 | 1.23 | 1.40 | 2.24 | 2.99 | 3.12 | 8.11 |
| Enterprise Value | 0.36B | 0.40B | 0.74B | 0.43B | 0.60B | 0.97B | 1.19B | 1.08B | 1.94B | 1.13B | 1.84B | 3.87B | 5.26B | 5.43B | 7.74B |
| EV to EBIT | 96.12 | -225.09 | 795.31 | -287.62 | 58.34 | 3.65 | -13.78 | -689.30 | 6.88 | -7.65 | 9.80 | 53.30 | -12.11 | -14.66 | -37.51 |
| EV to EBITDA | 96.12 | -225.09 | 795.31 | -287.62 | 58.34 | 3.65 | -13.78 | -689.30 | 6.88 | -7.65 | 9.80 | 53.30 | -12.11 | -14.66 | -37.51 |
| Market Capitalization | 0.38B | 0.40B | 0.75B | 0.45B | 0.63B | 0.98B | 1.36B | 1.15B | 2.04B | 1.21B | 1.94B | 3.70B | 5.06B | 5.28B | 14.22B |
| Price to FCFP/FCF | -23.48 | 803.90 | -215.12 | 418.81 | -23.51 | -24.53 | -68.47 | -17.65 | -30.04 | -10.11 | -27.10 | -12.89 | -46.18 | -59.63 | -0.00B |
| EV to FCF | -22.17 | 803.90 | -212.16 | 406.83 | -22.35 | -24.44 | -60.01 | -16.65 | -28.58 | -9.43 | -25.69 | -13.49 | -48.06 | -61.32 | -804.36 |
| EV to CFO | -49.26 | 273.09 | -292.88 | 196.76 | -30.43 | -36.94 | -73.07 | -257.38 | -89.61 | -33.35 | -37.74 | 0.00B | -91.77 | -199.44 | -0.00B |
| Return Ratios | |||||||||||||||
| Return on Sales [ROS]ROS | 11.25% | -11.34% | 2.58% | -2.60% | 17.10% | 515.81% | -246.18% | -3.59% | 889.49% | -676.83% | 454.88% | 87.00% | -491.40% | -521.52% | -275.36% |
| Return on Capital Employed [ROCE]ROCE | 0.82% | 2.27% | 36.29% | 20.40% | 19.22% | 112.71% | 7.85% | 20.43% | 19.31% | -13.73% | -22.42% | -15.84% | |||
| Return on Invested Capital [ROIC]ROIC | 0.80% | 1.84% | 34.10% | 19.43% | 18.53% | 29.27% | -5.44% | 12.07% | 12.74% | -12.99% | -21.30% | -13.57% | |||
| Return on Assets [ROA]ROA | 23.67% | 10.97% | 32.63% | 18.79% | 16.98% | 58.91% | -6.71% | 8.68% | 8.74% | -9.11% | -13.68% | -10.83% |