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Other financials

Income statement

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Revenue$74.9M+81.4%
Gross profit$48.0M+146%
Operating income-$206.3M-210%
Net income-$150.2M-209%
EPS (diluted)$1.27+7.6%

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

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Market cap$11.43B+430%
Enterprise value$11.29B+340%
P/S36×+20.4×

Profitability

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Gross margin62.3%+18.9pp
Operating margin-295.3%-527pp
Net margin-188.6%-301pp
FCF margin-108.6%-32.4pp

Returns & leverage

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Return on equity-26.7%-38.4pp
Debt / equity0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by Hut 8 Mining Corp. in its filing.

Tagged under the XBRL concept us-gaap:FairValueOfAssetsAcquired.

The source filing: Hut 8 Mining Corp.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 6:36 AM EST
Fiscal year
FY2025
Accession
0001104659-26-019392
Line itemTwelve Months Ended / December 31, 2025Twelve Months Ended / December 31, 2024Six Months Ended / December 31, 2023
Non-cash transactions
Reclassification of deposits and prepaid expenses to property and equipment$$400
Right-of-use assets obtained in exchange for operating lease liabilities$16$$9,2821,470
Property and equipment acquired under finance leases$$25,888
Mining revenue in accounts receivable, net292
Property and equity acquired under miner purchase liability$352,9807,095
Common stock issued in connection with debt extinguishment$$30,185
Net loss attributable to non-controlling interests$(21,849)$$(473)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Hut 8 Mining Corp.'s acquisitions?
Hut 8 Mining Corp. (HUT) reported acquisitions of $6.47M in Q4 2024.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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