profit from every $100 of sales.

Hut 8
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Hut 8 sold, what it kept, and what it did with the cash.
Sales went from $79.2 million in 2022 to $235 million in 2025, with -$226 million of profit last year.
Hut 8 vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
Hut 8 | No profit yet | ||
Morgan Stanley | 17.7× · Fair price | ||
The Goldman Sachs Group | 15.4× · Fair price | ||
The Charles Schwab | 18.1× · Fair price | ||
Interactive Brokers Group | 141.6× · Very expensive |
AI analysis
An AI analyst reads Hut 8's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 79 | 87 | 162 | 235 | |
| 53 | 44 | 76 | 127 | |
| 10 | -2 | -45 | -97 | |
| -8 | -20 | 531 | -165 | |
| -32 | -66 | 332 | -226 | |
| -0.36 | -0.74 | 3.34 | -2.05 | |
| 67.4% | 50.3% | 46.6% | 54.2% | |
| 13.2% | -2.9% | -27.7% | -41.4% | |
| -40.2% | -75.6% | 204.4% | -96.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 245 | 190 | 1,519 | 2,754 |
| Cash | 21 | 10 | 85 | 45 |
| Total debt | 131 | 153 | 346 | 429 |
| Total liabilities | 157 | 163 | 538 | 1,064 |
| 88 | 27 | 977 | 1,422 | |
| 89 | 89 | 99 | 110 | |
| -7.2% | -17.1% | 28.8% | -11.5% | |
| -36.3% | -239.7% | 34.0% | -15.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -43 | -29 | -69 | -139 | |
| 37 | 3 | 265 | 648 | |
| -80 | -32 | -333 | -787 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 9 | 5 | 21 | 58 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- –
- –
- 4.9×
- 29.4×
- -3.3%
- 0.0%
Profitability
- -96.2%
- -11.8%
- -1.8%
- -20.6%
- -12.0%
Growth
- +43.7%
- –
- –
- +6.0%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
What analysts expect
- Average price target
- $78.50
- Range
- $58.00 – $93.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | -0.12 | -0.28 | +57.1% |
| Feb 25, 2026 | 0.36 | -0.15 | +340.0% |
| Nov 4, 2025 | -0.07 | -0.16 | +56.3% |
| Aug 7, 2025 | -0.14 | -0.15 | +6.7% |
| May 8, 2025 | -0.18 | -0.12 | −50.0% |
| Mar 3, 2025 | 1.45 | -0.18 | +905.6% |
| Nov 13, 2024 | -0.23 | -0.28 | +17.9% |
| Aug 13, 2024 | 0.02 | -0.09 | +122.2% |
News
Will Yum! Brands' (YUM) AI-Driven Operations and Supplier Strategy Shift Its Post-Pizza Hut Narrative?Yahoo Finance · Oct 15, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Hut 8
Is Hut 8 a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Hut 8 AI analysis
What does Hut 8 do?
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It is in Capital Markets, based in Miami, FL, United States, with 248 employees.
Does Hut 8 pay a dividend?
No. Hut 8 does not pay a dividend at the moment.
Is Hut 8 stock halal?
Yes. Hut 8 passes our halal screen: its business is permitted and its debt is 6% of its market value, under the 30% limit. How we check
How has Hut 8 stock done over the past year?
Up 59.8% over the past twelve months, to $57.57. It traded between $33.76 and $133.02 and is 56.7% below its high.
Who are Hut 8's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with Hut 8's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.



