Short answer
Hut 8 Corp. (HUT) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $84M (up 90.9% year over year) with net income of $50M.
Q3 2025 key financials · XBRL
- Revenue
- $84M
- +90.9% YoY · +102.2% QoQ
- Net income
- $50M
- +7644.8% YoY · −63.5% QoQ
- Operating margin
- 87.0%
- EPS (diluted)
- $0.46
- +1020.0% YoY · −65.4% QoQ
Source: XBRL data from the Hut 8 Corp. (HUT) Q3 2025 10-Q on SEC EDGAR. USD.
Hut 8 Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New credit facility: $200M revolving loan with Two Prime at 7.99% interest, collateralized by Bitcoin at 160% margin, no borrowings as of 9/30/25
- Most updated risk: expansion into AI infrastructure raises operating and capital costs, execution and market risk amid competitive AI sector growth
- Regulatory/legal risk: ASU 2023-08 revalues Bitcoin at fair value each period, causing significant net income volatility from Bitcoin price fluctuations
- Operational risk: power constraints critical, with 1,530 MW under development vs 1,117 MW under management; power procurement on competitive, variable terms
- Financial risk: increased Bitcoin strategic reserve to 13,696 coins, partly pledged as loan collateral, with volatility directly impacting results and liquidity flexibility
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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