Hut 8 (HUT) Margins & Profitability 2023-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 64.0%
EBITDA Margin: -467.4%
Op. Margin: -521.5%
Net Margin: -309.6%

Op. margin of -521.5% is up 155.3% YoY — cost efficiency is improving. Net margin at -309.6% and gross margin of 64.0% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit