Gross Profit for Hut 8 (HUT)
According to Hut 8's latest reported financial statements, the company's current gross profit (TTM) is -$155.63M USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HUT
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
-$155.63M
YoY change
-222.4%
5Y CAGR
N/A
Peak year (2024)
$75.73M
Cumulative gross profit
$85.41M
Gross Profit history chart for Hut 8 (HUT) from 2012 to 2025
Gross Profit history table for Hut 8 (HUT) from 2012 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | -$92.69M | -222.4% | -$168.42M | ||
| 2024 | $75.73M | +80.9% | +$33.88M | ||
| 2023 | $41.85M | -4.1% | -$1.77M | ||
| 2022 | $43.63M | -18.3% | -$9.78M | ||
| 2021 | $53.40M | -353.1% | +$74.50M | ||
| 2020 | -$21.10M | -1090.1% | -$23.23M | ||
| 2019 | $2.13M | -109.1% | +$25.61M | ||
| 2018 | -$23.48M | -494.6% | -$29.43M | ||
| 2017 | $5.95M | — | +$5.95M | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | — |
Gross Profit values are taken from Hut 8's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Hut 8 (HUT) gross profit totalled -$92.69M – plunged 222.4% year-over-year.
Hut 8 gross profit plunged from $75.73M in 2024 to -$92.69M in 2025, a 222.4% drawdown.
Across the available history, gross profit reached its high of $75.73M in 2024 and its low of -$92.69M in 2025.
Among 8 Financial Services peers, Hut 8 (HUT) ranks 9th; the peer median for gross profit is $72.83B.
Hut 8 Gross Profit by Year
Hut 8 Gross Profit 2025: -$92.69M
Hut 8 gross profit in 2025 was -$92.69M, plunged 222.4% below 2024. This figure represents the lowest annual value in the available history.
Hut 8 Gross Profit 2024: $75.73M
Hut 8 gross profit in 2024 was $75.73M, surged 80.9% from 2023. This figure represents the highest annual value in the available history.
Hut 8 Gross Profit 2023: $41.85M
Hut 8 gross profit in 2023 was $41.85M, edged down 4.1% below 2022.
Hut 8 Gross Profit 2022: $43.63M
Hut 8 gross profit in 2022 was $43.63M, declined 18.3% below 2021.
Hut 8 Gross Profit 2021: $53.40M
Hut 8 gross profit in 2021 was $53.40M.
See more financial history for Hut 8 (HUT).
Sector peers — Gross Profit
Companies in the same sector as Hut 8, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $167.61B | Financial Services |
| Bank of America (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway (BRK-B) | $87.78B | Financial Services |
| Wells Fargo (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| Goldman Sachs (GS) | $59.40B | Financial Services |
| Visa (V) | $32.15B | Financial Services |
| Mastercard (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Hut 8's gross profit?
Latest reported gross profit for Hut 8 (HUT) is -$155.63M (period ending March 31, 2026).
How has Hut 8 gross profit changed year-over-year?
Hut 8 (HUT) gross profit changed -222.4% year-over-year on the latest annual filing.
When did Hut 8 gross profit hit its highest annual value?
Hut 8 gross profit reached its highest annual value of $75.73M in 2024.
What was Hut 8 gross profit in 2024?
Hut 8 (HUT) gross profit in 2024 was $75.73M.
What was Hut 8 gross profit in 2025?
Hut 8 (HUT) gross profit in 2025 was -$92.69M.
HUT Key Financials
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