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).
HUT Q4 2025 Key Financial Metrics
Revenue
$88.5M
Gross Profit
$53.5M
Operating Profit
$-434.9M
Net Profit
$-279.7M
Gross Margin
60.4%
Operating Margin
-491.4%
Net Margin
-316.0%
YoY Growth
179.2%
EPS
$-2.45
Financial Flow
Hut 8 Corp. Q4 2025 Financial Summary
Hut 8 Corp. reported revenue of $88.5M (up 179.2% YoY) for Q4 2025, with a net profit of $-279.7M (down 283.7% YoY) (-316.0% margin). Cost of goods sold was $35.0M, operating expenses totaled $488.3M.
Key Financial Metrics
| Total Revenue | $88.5M |
|---|---|
| Net Profit | $-279.7M |
| Gross Margin | 60.4% |
| Operating Margin | -491.4% |
| Report Period | Q4 2025 |
Revenue Breakdown
Hut 8 Corp. Q4 2025 revenue of $88.5M breaks down across 3 segments, led by High Performance Computing Colocation And Cloud at $81.9M (92.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| High Performance Computing Colocation And Cloud | $81.9M | 92.5% |
| Power | $5.0M | 5.6% |
| Digital Infrastructure | $1.6M | 1.9% |
Hut 8 Corp. Revenue by Segment — Quarterly Trend
Hut 8 Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as High Performance Computing Colocation And Cloud and Power) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| High Performance Computing Colocation And Cloud | $81.9M | $70.0M | $34.3M | $16.1M |
| Power | $5.0M | $8.4M | $5.5M | $4.4M |
| Digital Infrastructure | $1.6M | $5.1M | $1.5M | $1.3M |
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). Click any linked year to see what changed vs the prior annual report.
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 |