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Side-by-side financial comparison of Evolus, Inc. (EOLS) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $73.1M, roughly 1.2× Evolus, Inc.). Evolus, Inc. runs the higher net margin — -14.6% vs -316.0%, a 301.5% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 6.7%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 4.6%).

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

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).

EOLS vs HUT — Head-to-Head

Bigger by revenue
HUT
HUT
1.2× larger
HUT
$88.5M
$73.1M
EOLS
Growing faster (revenue YoY)
HUT
HUT
+172.5% gap
HUT
179.2%
6.7%
EOLS
Higher net margin
EOLS
EOLS
301.5% more per $
EOLS
-14.6%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
4.6%
EOLS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EOLS
EOLS
HUT
HUT
Revenue
$73.1M
$88.5M
Net Profit
$-10.7M
$-279.7M
Gross Margin
66.9%
60.4%
Operating Margin
23.8%
-491.4%
Net Margin
-14.6%
-316.0%
Revenue YoY
6.7%
179.2%
Net Profit YoY
-283.7%
EPS (diluted)
$-0.16
$-2.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EOLS
EOLS
HUT
HUT
Q1 26
$73.1M
Q4 25
$90.3M
$88.5M
Q3 25
$69.0M
$83.5M
Q2 25
$69.4M
$41.3M
Q1 25
$68.5M
$21.8M
Q4 24
$78.9M
$31.7M
Q3 24
$61.1M
$43.7M
Q2 24
$66.9M
$35.2M
Net Profit
EOLS
EOLS
HUT
HUT
Q1 26
$-10.7M
Q4 25
$130.0K
$-279.7M
Q3 25
$-15.7M
$50.1M
Q2 25
$-17.1M
$137.3M
Q1 25
$-18.9M
$-133.9M
Q4 24
$-6.8M
$152.2M
Q3 24
$-19.2M
$647.0K
Q2 24
$-11.3M
$-71.9M
Gross Margin
EOLS
EOLS
HUT
HUT
Q1 26
66.9%
Q4 25
65.7%
60.4%
Q3 25
66.5%
61.3%
Q2 25
65.3%
47.3%
Q1 25
68.1%
14.5%
Q4 24
66.7%
35.9%
Q3 24
68.9%
59.9%
Q2 24
70.3%
41.4%
Operating Margin
EOLS
EOLS
HUT
HUT
Q1 26
23.8%
Q4 25
4.7%
-491.4%
Q3 25
-16.7%
87.0%
Q2 25
-14.7%
Q1 25
-22.1%
-676.8%
Q4 24
-2.9%
Q3 24
-25.3%
-3.6%
Q2 24
-11.5%
-246.2%
Net Margin
EOLS
EOLS
HUT
HUT
Q1 26
-14.6%
Q4 25
0.1%
-316.0%
Q3 25
-22.8%
60.0%
Q2 25
-24.7%
332.5%
Q1 25
-27.6%
-613.7%
Q4 24
-8.6%
480.3%
Q3 24
-31.4%
1.5%
Q2 24
-17.0%
-204.1%
EPS (diluted)
EOLS
EOLS
HUT
HUT
Q1 26
$-0.16
Q4 25
$0.01
$-2.45
Q3 25
$-0.24
$0.43
Q2 25
$-0.27
$1.18
Q1 25
$-0.30
$-1.30
Q4 24
$-0.11
$1.41
Q3 24
$-0.30
$0.01
Q2 24
$-0.18
$-0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EOLS
EOLS
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$49.8M
$44.9M
Total DebtLower is stronger
$156.4M
Stockholders' EquityBook value
$1.4B
Total Assets
$220.6M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOLS
EOLS
HUT
HUT
Q1 26
$49.8M
Q4 25
$53.8M
$44.9M
Q3 25
$43.5M
$33.5M
Q2 25
$61.7M
$216.3M
Q1 25
$67.9M
$108.4M
Q4 24
$87.0M
$85.0M
Q3 24
$85.0M
Q2 24
$93.7M
Total Debt
EOLS
EOLS
HUT
HUT
Q1 26
$156.4M
Q4 25
$146.1M
Q3 25
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
$300.6M
Q3 24
$121.2M
$297.3M
Q2 24
$120.9M
$328.8M
Stockholders' Equity
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
$-23.1M
$1.4B
Q3 25
$-28.8M
$1.4B
Q2 25
$-18.7M
$1.3B
Q1 25
$-6.6M
$960.0M
Q4 24
$5.5M
$976.7M
Q3 24
$5.9M
$703.9M
Q2 24
$19.3M
$660.1M
Total Assets
EOLS
EOLS
HUT
HUT
Q1 26
$220.6M
Q4 25
$225.9M
$2.8B
Q3 25
$219.0M
$2.7B
Q2 25
$228.8M
$2.0B
Q1 25
$213.4M
$1.6B
Q4 24
$232.6M
$1.5B
Q3 24
$229.6M
$1.1B
Q2 24
$233.8M
$1.1B
Debt / Equity
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
22.00×
0.31×
Q3 24
20.58×
0.42×
Q2 24
6.26×
0.50×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EOLS
EOLS
HUT
HUT
Operating Cash FlowLast quarter
$-139.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
$12.8M
$-139.2M
Q3 25
$-14.7M
$770.0K
Q2 25
$-24.8M
$-48.8M
Q1 25
$-15.6M
$-33.8M
Q4 24
$4.8M
$-68.5M
Q3 24
$-5.7M
$-4.2M
Q2 24
$-6.5M
$-16.4M
Free Cash Flow
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
$11.3M
Q3 25
$-15.6M
Q2 25
$-25.5M
Q1 25
$-16.0M
Q4 24
$4.4M
Q3 24
$-6.0M
Q2 24
$-6.9M
FCF Margin
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
12.6%
Q3 25
-22.7%
Q2 25
-36.7%
Q1 25
-23.3%
Q4 24
5.5%
Q3 24
-9.9%
Q2 24
-10.4%
Capex Intensity
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
1.6%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.7%
Cash Conversion
EOLS
EOLS
HUT
HUT
Q1 26
Q4 25
98.67×
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EOLS
EOLS

Product revenue, net$72.7M99%
Service revenue$390.0K1%

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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