Hut 8 Corp.HUTEarnings & Financial Report
Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).
Revenue
$51.7M
Gross Profit
$23.6M
Operating Profit
N/A
Net Profit
$250.9M
Gross Margin
45.6%
Operating Margin
N/A
Net Margin
484.9%
YoY Growth
230.7%
EPS
$2.76
Financial Flow
Hut 8 Corp. Q1 2024 Financial Summary
Hut 8 Corp. reported revenue of $51.7M (up 230.7% YoY) for Q1 2024, with a net profit of $250.9M (up 1347.8% YoY) (484.9% margin). Cost of goods sold was $28.1M.
Key Financial Metrics
| Total Revenue | $51.7M |
|---|---|
| Net Profit | $250.9M |
| Gross Margin | 45.6% |
| Operating Margin | N/A |
| Report Period | Q1 2024 |
Revenue Breakdown
Hut 8 Corp. Q1 2024 revenue of $51.7M breaks down across 3 segments, led by Tzrc Llc at $41.2M (79.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Tzrc Llc | $41.2M | 79.6% |
| Management Service | $9.2M | 17.8% |
| Other | $1.3M | 2.5% |
Hut 8 Corp. Annual Revenue by Year
Hut 8 Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $235.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $235.1M |
| 2024 | $162.4M |
Hut 8 Corp. Quarterly Revenue & Net Profit History
Hut 8 Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $88.5M | +179.2% | $-279.7M | -316.0% |
| Q3 2025 | $83.5M | +90.9% | $50.1M | 60.0% |
| Q2 2025 | $41.3M | +17.3% | $137.3M | 332.5% |
| Q1 2025 | $21.8M | -57.8% | $-133.9M | -613.7% |
| Q4 2024 | $31.7M | — | $152.2M | 480.3% |
| Q3 2024 | $43.7M | +101.5% | $647.0K | 1.5% |
| Q2 2024 | $35.2M | +71.5% | $-71.9M | -204.1% |
| Q1 2024 | $51.7M | +230.7% | $250.9M | 484.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.7M | $35.2M | $43.7M | $31.7M | $21.8M | $41.3M | $83.5M | $88.5M |
| YoY Growth | 230.7% | 71.5% | 101.5% | N/A | -57.8% | 17.3% | 90.9% | 179.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $999.0M | $1.09B | $1.10B | $1.52B | $1.57B | $2.02B | $2.69B | $2.75B |
| Liabilities | $258.4M | $418.7M | $386.7M | $538.3M | $584.2M | $633.0M | $1.03B | $1.06B |
| Equity | $732.0M | $660.1M | $703.9M | $976.7M | $960.0M | $1.27B | $1.44B | $1.42B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-26.3M | $-16.4M | $-4.2M | $-21.6M | $-33.8M | $-48.8M | $770000 | $-57.4M |