Hut 8 annual gross margin
2022
2023
2024
2025
Hut 8 Gross Margin Growth & History (HUT)
Hut 8's gross margin was 54.16% for fiscal 2025.
View full Hut 8 company overviewHut 8 annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 54.16% | +7.53 pp |
| 2024 | 2024-12-31 | 46.64% | — |
| 2023 · Jun 30 | 2023-06-30 | 47.53% | −17.50 pp |
| 2022 | 2022-06-30 | 65.03% | — |
Hut 8 quarterly gross margin
Q3.23
Q4.23
Q1.24
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 64.11% | +16.84 pp |
| Q1 2026 | 2026-03-31 | 64.03% | +49.56 pp |
| Q4 2025 | 2025-12-31 | 60.44% | +24.53 pp |
| Q3 2025 | 2025-09-30 | 61.29% | +1.43 pp |
| Q2 2025 | 2025-06-30 | 47.27% | +5.87 pp |
| Q1 2025 | 2025-03-31 | 14.47% | −31.13 pp |
| Q4 2024 | 2024-12-31 | 35.91% | — |
| Q3 2024 | 2024-09-30 | 59.85% | +22.17 pp |
| Q2 2024 | 2024-06-30 | 41.40% | −0.21 pp |
| Q1 2024 · Mar 31 | 2024-03-31 | 45.60% | −0.03 pp |
| Q1 2024 · Sep 30 | 2023-09-30 | 37.68% | — |
| Q4 2023 | 2023-06-30 | 41.61% | — |
| Q3 2023 | 2023-03-31 | 45.63% | — |
Hut 8 gross margin trends
Between the periods ended 2022-06-30 and 2025-12-31, Hut 8's gross margin decreased from 65.03% to 54.16%, a change of −10.87 percentage points. The latest reported quarter, Q2 2026, shows 64.11%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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