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
$35.2M
Gross Profit
$14.6M
Operating Profit
$-86.7M
Net Profit
$-71.9M
Gross Margin
41.4%
Operating Margin
-246.2%
Net Margin
-204.1%
YoY Growth
71.5%
EPS
$-0.78
Financial Flow
Hut 8 Corp. Q2 2024 Financial Summary
Hut 8 Corp. reported revenue of $35.2M (up 71.5% YoY) for Q2 2024, with a net profit of $-71.9M (down 4162.5% YoY) (-204.1% margin). Cost of goods sold was $20.6M, operating expenses totaled $101.3M.
Key Financial Metrics
| Total Revenue | $35.2M |
|---|---|
| Net Profit | $-71.9M |
| Gross Margin | 41.4% |
| Operating Margin | -246.2% |
| Report Period | Q2 2024 |
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 |