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Hut 8 Mining Corp. HUT Q1 2026 earnings

Reported May 6, 2026 · Before market open

Revenue$71.0MMiss by $7.5M
EPS-$0.12Beat by $0.16
Revenue estimate$78.5M
EPS estimate-$0.28

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$73.4M
EPS estimate-$0.88

Financials

Q1 2026

Income statement

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Revenue$71.0M+226%
Gross profit$45.5M+1,341%
Operating income-$370.4M-151%
Net income-$219.8M-64.2%
EPS (diluted)-$1.98-52.3%

Balance sheet

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Cash & equivalents$160.0M+47.6%
Total debt$18.2M-65.3%
Total equity$1.4B+43.7%
Total assets$2.6B+66.0%

Cash flow

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Operating cash flow-$27.2M+19.6%
CapEx$36.6M-42.2%
Free cash flow-$63.8M+34.3%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$5.2B+331%
Enterprise value$5.06B+340%
P/S18.3×+9.2×

Profitability

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Gross margin59.7%+17.9pp
Operating margin-191.6%-226pp
Net margin-109.8%-256pp
FCF margin-108.6%-32.4pp

Returns & leverage

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Return on equity-26.7%-38.4pp
Debt / equity0×0.0×
Current ratio0.9×-0.4×

Segments

By segment

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High Performance Computing Colocation And Cloud$66.0M+309%
Digital Infrastructure$28.6M+2,069%
Power$8.1M+86.0%

By product

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High Performance Computing Colocation And Cloud$66.0M+309%
Power$3.7M-14.6%
Digital Infrastructure$1.3M-1.1%

By geography

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US$65.6M+384%
CA$5.4M-34.2%

FAQ

When did Hut 8 Mining Corp. report Q1 2026 earnings?
Hut 8 Mining Corp. (HUT) reported Q1 2026 earnings on May 6, 2026 before market open.
What were Hut 8 Mining Corp.'s Q1 2026 revenue and EPS?
Hut 8 Mining Corp. reported revenue of $71.0M and eps of $-0.12 for Q1 2026.
Did Hut 8 Mining Corp. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $78.5M by $7.5M. EPS beat the consensus estimate of $-0.28 by $0.16.
How did Hut 8 Mining Corp.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 225.5% from $21.8M a year earlier and eps grew 33.3% from $-0.18.
Where can I find Hut 8 Mining Corp.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-055894) and the 10-Q periodic report (0001104659-26-055891) directly on SEC EDGAR. The filing index links above go to sec.gov.