Hut 8 Corp. (HUT)

Hut 8 Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net Income	205.28	331.41	21.85	-65.61	-31.8	-15.57
Depreciation & Amortization	79.03	49.41	17.83	19.08	11.99	0.85
Other Amortization	0.63	4.18	6.68	3.55	0.57	-
Loss (Gain) From Sale of Assets	3.61	-0.63	0.89	0.45	-	-
Asset Writedown & Restructuring Costs	4.47	4.47	-	63.57	-	-
Loss (Gain) on Equity Investments	29.94	0.64	16.04	5.62	-	-
Stock-Based Compensation	22.09	20.78	13.56	4.61	9.18	17.99
Other Operating Activities	-431.08	-471.43	-107.3	-55.43	-38.1	-8.77
Change in Accounts Receivable	-0.02	-0.72	-1.17	0.53	-0.16	-
Change in Accounts Payable	17.62	-8.35	5.31	1.53	0.42	2.49
Change in Unearned Revenue	-3.67	3.5	0.08	-13.81	14.84	-
Change in Income Taxes	-0.56	-1.07	-	-	-	-
Change in Other Net Operating Assets	-28.53	-7.76	4.14	6.58	-9.86	-6.07
Operating Cash Flow	-103.51	-68.54	-22.16	-29.34	-42.92	-9.07
Capital Expenditures	-185.17	-163.6	-1.54	-15.04	-178.72	-0.06
Sale of Property, Plant & Equipment	5.22	4.85	0.75	0.26	-	-
Cash Acquisitions	2.28	3.18	-	-	-	-
Divestitures	-	-	23.03	-	-	-
Sale (Purchase) of Intangibles	-1.01	-0.29	-	-	-	-
Investment in Securities	-	-6.38	-	-10	-	-
Other Investing Activities	-400.92	-26.23	64.74	50.03	44.35	-46.9
Investing Cash Flow	-579.61	-188.47	86.98	25.25	-134.37	-46.96
Long-Term Debt Issued	-	164.85	-	14.24	130.71	-
Total Debt Issued	68.5	164.85	-	14.24	130.71	10.06
Short-Term Debt Repaid	-	-	-	-	-1.25	-
Long-Term Debt Repaid	-	-36.77	-	-19.61	-9.28	-
Total Debt Repaid	-39.79	-36.77	-39.69	-19.61	-10.53	-3.05
Net Debt Issued (Repaid)	28.71	128.08	-39.69	-5.37	120.18	7.01
Issuance of Common Stock	610.34	162.53	0.02	-	-	17.68
Repurchase of Common Stock	-	-0.04	-	-	-	-
Other Financing Activities	10.91	21.37	-1.23	-1.23	-2.24	-
Financing Cash Flow	649.95	311.95	-40.91	-6.6	191.63	67.55
Foreign Exchange Rate Adjustments	-0.12	-0.26	0.34	-	-	-
Net Cash Flow	-33.28	54.68	24.25	-10.69	14.35	11.52
Free Cash Flow	-288.68	-232.14	-23.7	-44.38	-221.63	-9.13
Free Cash Flow Margin	-161.89%	-142.96%	-24.68%	-54.01%	-300.60%	-124.70%
Free Cash Flow Per Share	-2.62	-2.30	-0.48	-1.07	-6.54	-0.33
Cash Interest Paid	12.11	11.16	6	5.54	6.84	0.19
Cash Income Tax Paid	3.05	2.82	0.7	-	-	-
Levered Free Cash Flow	139.7	80.16	-	-17.28	-169.43	-
Unlevered Free Cash Flow	160.35	94.61	-	-3.37	-165.68	-
Change in Working Capital	-15.17	-14.4	8.36	-5.17	5.24	-3.58

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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