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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $88.5M, roughly 1.8× Hut 8 Corp.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -316.0%, a 387.2% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 179.2%).

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).

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

HUT vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.8× larger
STOK
$158.6M
$88.5M
HUT
Growing faster (revenue YoY)
STOK
STOK
+3481.9% gap
STOK
3661.1%
179.2%
HUT
Higher net margin
STOK
STOK
387.2% more per $
STOK
71.2%
-316.0%
HUT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
HUT
HUT
STOK
STOK
Revenue
$88.5M
$158.6M
Net Profit
$-279.7M
$112.9M
Gross Margin
60.4%
Operating Margin
-491.4%
70.2%
Net Margin
-316.0%
71.2%
Revenue YoY
179.2%
3661.1%
Net Profit YoY
-283.7%
528.0%
EPS (diluted)
$-2.45
$1.90

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
HUT
HUT
STOK
STOK
Q4 25
$88.5M
Q3 25
$83.5M
Q2 25
$41.3M
Q1 25
$21.8M
$158.6M
Q4 24
$31.7M
$22.6M
Q3 24
$43.7M
Q2 24
$35.2M
Q1 24
$51.7M
Net Profit
HUT
HUT
STOK
STOK
Q4 25
$-279.7M
Q3 25
$50.1M
Q2 25
$137.3M
Q1 25
$-133.9M
$112.9M
Q4 24
$152.2M
$-10.5M
Q3 24
$647.0K
Q2 24
$-71.9M
Q1 24
$250.9M
Gross Margin
HUT
HUT
STOK
STOK
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
Q4 24
35.9%
Q3 24
59.9%
Q2 24
41.4%
Q1 24
45.6%
Operating Margin
HUT
HUT
STOK
STOK
Q4 25
-491.4%
Q3 25
87.0%
Q2 25
Q1 25
-676.8%
70.2%
Q4 24
-60.4%
Q3 24
-3.6%
Q2 24
-246.2%
Q1 24
Net Margin
HUT
HUT
STOK
STOK
Q4 25
-316.0%
Q3 25
60.0%
Q2 25
332.5%
Q1 25
-613.7%
71.2%
Q4 24
480.3%
-46.4%
Q3 24
1.5%
Q2 24
-204.1%
Q1 24
484.9%
EPS (diluted)
HUT
HUT
STOK
STOK
Q4 25
$-2.45
Q3 25
$0.43
Q2 25
$1.18
Q1 25
$-1.30
$1.90
Q4 24
$1.41
$-0.15
Q3 24
$0.01
Q2 24
$-0.78
Q1 24
$2.76

Balance Sheet & Financial Strength

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

Metric
HUT
HUT
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$44.9M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$350.1M
Total Assets
$2.8B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUT
HUT
STOK
STOK
Q4 25
$44.9M
Q3 25
$33.5M
Q2 25
$216.3M
Q1 25
$108.4M
$274.8M
Q4 24
$85.0M
$128.0M
Q3 24
Q2 24
Q1 24
$11.5M
Total Debt
HUT
HUT
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
HUT
HUT
STOK
STOK
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$960.0M
$350.1M
Q4 24
$976.7M
$229.0M
Q3 24
$703.9M
Q2 24
$660.1M
Q1 24
$732.0M
Total Assets
HUT
HUT
STOK
STOK
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.0B
Q1 25
$1.6B
$406.9M
Q4 24
$1.5B
$271.6M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$999.0M
Debt / Equity
HUT
HUT
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

Cash Flow & Capital Efficiency

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

Metric
HUT
HUT
STOK
STOK
Operating Cash FlowLast quarter
$-139.2M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUT
HUT
STOK
STOK
Q4 25
$-139.2M
Q3 25
$770.0K
Q2 25
$-48.8M
Q1 25
$-33.8M
$131.8M
Q4 24
$-68.5M
$-23.2M
Q3 24
$-4.2M
Q2 24
$-16.4M
Q1 24
$-26.3M
Free Cash Flow
HUT
HUT
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
HUT
HUT
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
HUT
HUT
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
HUT
HUT
STOK
STOK
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
1.17×
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUT
HUT

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

STOK
STOK

Segment breakdown not available.

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