Filing Flows › Hut 8 (HUT) › Q2 2026
Hut 8 (HUT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Hut 8 (HUT) reported revenue of $74.9M for the second quarter 2026 (Q2 2026), +81% from a year earlier and +6% from the quarter before. Operating margin was -275.4%, net loss $177M (236.4% of revenue).
Hut 8, Q2 2026: revenue $74.9M (+81% year over year), operating margin -275.4%, net loss $177M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.9M | +6% | +81% |
| Operating profit | −$206M | — | -210% |
| Net earnings | −$177M | — | -229% |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $74.9M in Q2 2026, up 81% year over year and up 6% from the previous quarter. High Performance Computing, Colocation and Cloud was the largest line at 97% of revenue. High Performance Computing, Colocation and Cloud added $38.2M year over year (up 111%), 114% of the total change. Power declined 79%.
Operating costs exceeded revenue by $206.3M, an operating margin of -275.4%. The quarter ended with a net loss of $177.1M, narrower than the previous quarter's $253.1M loss. Minority interests bore $27.0M of it: to shareholders the quarter was a loss of $150.2M.
Operating cash flow was −$5.6M. Non-cash charges added back $39.7M of depreciation and amortization and $51.2M of share-based compensation. Working capital and other items added $80.6M. Capital expenditures of $579.6M exceeded it, leaving free cash flow of −$585.2M.
Questions
What was Hut 8's revenue in the second quarter 2026?
Hut 8 (HUT) reported revenue of $74.9M for the second quarter 2026 (Q2 2026), +81% from a year earlier and +6% from the quarter before.
Was Hut 8 profitable in the second quarter 2026?
Operating loss was $206M (-275.4% of revenue) and net loss $177M.
Source: Hut 8 10-Q on SEC EDGAR.