Hut 8 Corp. (HUT)

Hut 8 Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-366.81	-248	331.41	21.85	-178.94	-57.53
Depreciation & Amortization	125.44	101.9	47.77	17.54	69.66	18.43
Stock-Based Compensation	104.88	57.8	20.78	13.56	5.09	7.81
Other Adjustments	34.72	-0.09	-454.1	-83.47	-53.57	-99.12
Changes in Accrued Interest and Accounts Receivable	-5.7	-26.37	-0.72	-1.17	0.06	0.19
Changes in Accounts Payable	-2.57	-5.59	-8.35	5.31	3.38	4.51
Changes in Other Operating Activities	-13.66	-18.88	-5.34	4.22	0.98	0.44
Operating Cash Flow	-132.6	-139.23	-68.54	-22.16	-77.4	-63.49
Net Change in Securities and Investments	-178.38	-426.41	-32.61	65.71	-	-
Payments for Business Acquisitions	-	1.01	3.18	23.03	-22.24	-
Proceeds from Business Divestments	63.6	-	-	-	-	-
Capital Expenditures	-190.21	-216.93	-163.6	-2.51	-53.58	-68.38
Purchases of Intangible Assets	-0.12	-1.01	-0.29	-	-	-
Sale of Property, Plant & Equipment	3.31	5.87	4.85	0.75	-	-
Other Investing Activities	-16.84	-116.74	-	-	-0.54	-117.6
Investing Cash Flow	-747.14	-754.21	-188.47	86.98	-76.35	-185.98
Long-Term Debt Issued	135	135	164.85	-	-	44.62
Long-Term Debt Repaid	-79.14	-49.55	-36.77	-39.69	-15.44	-32
Net Long-Term Debt Issued (Repaid)	55.86	85.45	128.08	-39.69	-15.44	12.62
Issuance of Common Stock	685.6	757.7	162.53	0.02	92.02	348.33
Repurchase of Common Stock	-	-	-0.04	-	-	-
Net Common Stock Issued (Repurchased)	685.6	757.7	162.49	0.02	92.02	348.33
Other Financing Activities	-0.86	12.97	21.37	-1.23	-3.01	-0.29
Financing Cash Flow	931.61	856.13	311.95	-40.91	73.57	360.66
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.21	0.29	-0.26	0.34	-0.59	-2.55
Net Cash Flow	51.65	-37.02	54.68	24.25	-80.19	111.19
Free Cash Flow	-322.81	-356.15	-232.14	-24.67	-130.98	-131.87
FCF Margin	-84.58%	-138.43%	-150.98%	-162.81%	404.79%	143.92%
Free Cash Flow Per Share	-2.92	-3.38	-2.30	-0.35	-5.19	-7.14
Levered Free Cash Flow	-342.95	-306.57	329.73	5.55	-173.87	-89.72
Unlevered Free Cash Flow	-86.7	-165.87	-130.23	23.39	20.51	-44.81

Updated May 6, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

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