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Hut 8 Mining Corp. HUT Stock-Based Comp

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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:ShareBasedCompensation.

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 itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Depreciation and amortization38,44214,899
Amortization of operating right-of-use assets679609
Non-cash lease expense551611
Stock-based compensation50,8743,793
Equity in earnings of unconsolidated joint venture(6,430)(1,365)
Distributions of earnings from unconsolidated joint venture8,000
ASIC compute revenue(62,117)(12,338)
Losses on digital assets295,657112,394

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s stock-based comp?
Hut 8 Mining Corp. (HUT) reported stock-based comp of $50.87M in Q1 2026.
How has Hut 8 Mining Corp.'s stock-based comp changed year-over-year?
Hut 8 Mining Corp.'s stock-based comp increased by 1241.3% year-over-year, from $3.79M to $50.87M.
What is the long-term trend for Hut 8 Mining Corp.'s stock-based comp?
Over 2 years (2023 to 2025), Hut 8 Mining Corp.'s stock-based comp has grown at a 117.5% compound annual growth rate (CAGR), from $12.22M to $57.8M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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