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Hut 8 (HUT) operating margin by quarter

Hut 8's operating margin was 447.7% in Q3 2026 (third quarter 2026), +360.7 pts from Q3 2025. Over the last 3 quarters it ranged from 87.0% (Q3 2025) to 454.9% (Q2 2025).

Hut 8 operating margin by quarterHut 8 operating margin by quarter454.9%Q2 202587.0%Q3 2025447.7%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 2026447.7%+360.7 pts+360.7 pts
Q3 202587.0%-367.9 pts—
Q2 2025454.9%——

Q3 2026 at a glance

Hut 8, Q3 2026: revenue $71.1M (-15% year over year), operating margin 447.7%, net earnings $131M, operating cash flow $27.8M. The chart follows the revenue to costs, profit and cash.

Questions

What is Hut 8's operating margin?

Hut 8's operating margin was 447.7% in Q3 2026 (third quarter 2026), +360.7 pts from Q3 2025.

How has Hut 8's operating margin changed?

Over the last 3 quarters it ranged from 87.0% (Q3 2025) to 454.9% (Q2 2025).

Q3 2026 results → · How Hut 8 makes money →