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Hut 8 Mining Corp. HUT Deferred Revenue

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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:ContractWithCustomerLiabilityCurrent.

The source filing: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:45 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-055891
Line itemMarch 31, 2026December 31, 2025
Current liabilities
Accounts payable and accrued expenses$43,927$44,519
Miner purchase liability, current portion100,910
Deferred revenue1,9701,458
Operating lease liability, current portion2,8522,891
Loans, notes payable, and other financial liabilities, current portion199,966199,926
Income taxes payable3,712115
Liabilities held for sale25,764

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s deferred revenue?
Hut 8 Mining Corp. (HUT) reported deferred revenue of $1.97M in Q1 2026.
How has Hut 8 Mining Corp.'s deferred revenue changed year-over-year?
Hut 8 Mining Corp.'s deferred revenue decreased by 56.8% year-over-year, from $4.56M to $1.97M.
What is the long-term trend for Hut 8 Mining Corp.'s deferred revenue?
Over 2 years (2023 to 2025), Hut 8 Mining Corp.'s deferred revenue has grown at a -26.5% compound annual growth rate (CAGR), from $2.7M to $1.46M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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