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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%
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:NetIncomeLoss.

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 net income?
Hut 8 Mining Corp. (HUT) reported net income of -$219.85M in Q1 2026.
How has Hut 8 Mining Corp.'s net income changed year-over-year?
Hut 8 Mining Corp.'s net income decreased by 64.2% year-over-year, from -$133.89M to -$219.85M.
What is the long-term trend for Hut 8 Mining Corp.'s net income?
Over 2 years (2023 to 2025), Hut 8 Mining Corp.'s net income has grown at a 85.7% compound annual growth rate (CAGR), from -$65.61M to -$226.15M.
What does net income mean?
The total profit or loss of the company after all expenses and taxes are paid.
How do you interpret net income?
An increase indicates higher profitability and operational efficiency, while a decrease suggests rising costs or declining revenue.
How does net income compare across companies?
Standard across all public companies; essential for calculating P/E ratios and evaluating overall corporate health.