Filing Flows › Hut 8 (HUT) › Q3 2026
Hut 8 (HUT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Hut 8 (HUT) reported revenue of $71.1M for the third quarter 2026 (Q3 2026), -15% from a year earlier and -5% from the quarter before. Operating margin was 447.7%, net earnings $131M (184.4% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.1M | -5% | -15% |
| Operating profit | $318M | — | +338% |
| Net earnings | $131M | — | +162% |
| Operating cash flow | $27.8M | — | 36× |
What changed
Revenue was $71.1M in Q3 2026, down 15% year over year and down 5% from the previous quarter. High Performance Computing Colocation and Cloud was the largest line at 96% of revenue. Power lost $7.1M year over year (down 85%), 57% of the total change.
Operating profit was $318.2M, a 447.7% margin (up 360.7 points year over year). Net earnings were $131.1M, up 162% year over year. The effective tax rate was 21.4%.
Operating cash flow was $27.8M (up 3512% year over year), 15% of net income including minority interests. Non-cash charges added back $40.1M of depreciation and amortization and $64.7M of share-based compensation. Working capital and other items used $266.6M.
Questions
What was Hut 8's revenue in the third quarter 2026?
Hut 8 (HUT) reported revenue of $71.1M for the third quarter 2026 (Q3 2026), -15% from a year earlier and -5% from the quarter before.
Was Hut 8 profitable in the third quarter 2026?
Operating profit was $318M (447.7% of revenue) and net earnings $131M.
Source: Hut 8 10-Q on SEC EDGAR.