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Hut 8 Mining Corp. HUT Income Taxes Payable

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Other financials

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

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Market cap$14.01B+331%
Enterprise value$13.87B+340%
P/S49.3×+24.7×

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×
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:TaxesPayableCurrent.

The official record: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hut 8 Mining Corp.'s income taxes payable?
Hut 8 Mining Corp. (HUT) reported income taxes payable of $3.71M in Q1 2026.
How has Hut 8 Mining Corp.'s income taxes payable changed year-over-year?
Hut 8 Mining Corp.'s income taxes payable increased by 12811.3% year-over-year, from $28.75K to $3.71M.
What does income taxes payable mean?
The amount of income tax the company owes to tax authorities that is due within one year.
How do you interpret income taxes payable?
An increase may indicate higher taxable profits, while a decrease could suggest lower earnings or effective tax planning.
How does income taxes payable compare across companies?
Standard across all industries; peers with higher profitability typically show higher current tax payables.