The earnings call reflected strong financial and operational performance with significant revenue growth and strategic expansions. However, there were challenges such as a decline in Power segment revenue and increased costs. Despite these, the overall outlook remains positive with a focus on execution and strategic growth.

Company Guidance

During Hut 8's third-quarter 2025 earnings call, the company reported significant financial growth, highlighted by a 91% year-over-year increase in revenue to $83.5 million. This growth was primarily driven by Bitcoin mining revenue through their subsidiary, American Bitcoin, which contributed substantially to the Compute segment's top line. The company achieved a net income of $50.6 million compared to $0.9 million in the previous year and reported an adjusted EBITDA of $109 million, a significant increase from $5.6 million in the prior year. The results also included a $76.6 million gain on digital assets, reflecting the impact of FASB's fair value accounting guidance. Hut 8's strategic focus on integrating power, digital infrastructure, and compute assets has positioned them to capitalize on the surging computational demand, particularly in AI technologies. The company has introduced new performance metrics such as energy capacity under development to provide greater visibility into their pipeline. They are currently working on a 1,530-megawatt expansion across four U.S. locations, which is expected to more than double their platform's scale.

Significant Revenue Growth

Hut 8 delivered revenue of $83.5 million in Q3 2025, up 91% year-over-year, primarily driven by the expansion of Bitcoin mining revenue through American Bitcoin.

Net Income and Adjusted EBITDA Surge

Net income was $50.6 million versus $0.9 million in the prior year period, and adjusted EBITDA was $109 million versus $5.6 million in the prior year period.

Expansion of Managed Services Agreement

Expanded managed services agreement with American Bitcoin to 325 megawatts of contracted capacity, the largest in Hut 8's history, providing greater earnings visibility.

Compute Segment Growth

Compute segment revenue increased more than fivefold year-over-year to $70 million, driven by Bitcoin mining revenue and GPU as-a-Service operations.

Strong Balance Sheet

Held 13,696 Bitcoin in reserve with a market value of approximately $1.6 billion, which enhances liquidity and reduces reliance on equity.

Hut 8 (HUT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HUT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 26, 2026	2025 (Q4)	-0.07 / -	1.475	―	―	―
Nov 04, 2025	2025 (Q3)	-0.12 / 0.43	0.01	4228.57% (+0.42)	―	―
Aug 07, 2025	2025 (Q2)	1.14 / 1.15	-0.758	251.78% (+1.91)	―	―
May 08, 2025	2025 (Q1)	-0.10 / -1.28	2.666	-148.03% (-3.95)	―	―
Mar 03, 2025	2024 (Q4)	0.04 / 1.47	-3.189	146.24% (+4.66)	―	―
Nov 13, 2024	2024 (Q3)	-0.28 / <0.01	-0.425	102.33% (+0.44)	―	―
Aug 13, 2024	2024 (Q2)	-0.03 / -0.76	-1.736	56.33% (+0.98)	―	―
May 15, 2024	2024 (Q1)	0.35 / 2.67	1.098	142.71% (+1.57)	―	―
Mar 28, 2024	2023 (Q4)	- / -3.19	-3.189	0.00% (0.00)	―	―
Nov 14, 2023	2023 (Q3)	-0.22 / -0.85	-0.425	-100.00% (-0.43)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HUT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2025	$55.00	$48.11	-12.53%
Aug 07, 2025	$20.69	$20.02	-3.24%
May 08, 2025	$12.66	$14.17	+11.93%
Mar 03, 2025	$14.75	$14.08	-4.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Hut 8 (HUT) report earnings?

Hut 8 (HUT) is schdueled to report earning on Mar 26, 2026, Before Open (Confirmed).

What is Hut 8 (HUT) earnings time?

Hut 8 (HUT) earnings time is at Mar 26, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HUT EPS forecast?

HUT EPS forecast for the fiscal quarter 2025 (Q4) is -0.07.

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