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FRed Flag

Hut 8 Corp.(HUT)

F

Financial data as of Dec 31, 2025Declining · Crypto Related

FCF Margin-5220.6%Free Cash Flow / Revenue
Cash Conversion61.6%Operating CF / Net Income
Free Cash Flow-$787.3M
Revenue$15.1M
Net Cash-$384.4MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio1.09Adequate short-term liquidity
YoY FCF Growth-17.1%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 4 of last 4 quarters
→
-0.5FCF trend declining (-17.1% YoY)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Concerns

  • Negative FCF margin (-5220.6%)
  • Net debt position ($0.4B)
  • Only 0 positive FCF quarters recently

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-5220.6%
Net Margin-1499.6%
Operating CF Margin-923.2%
CapEx Ratio4297.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$384.4MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio1.09Adequate liquidity
Debt / Equity0.30Low leverage

Quarterly FCF Trend

-17.1% YoYDeclining (-17.1%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameHut 8 Corp.
SectorCrypto Related
Free Cash Flow-$787.3M
Revenue$15.1M
Net Income-$226.1M
Operating Cash Flow-$139.2M
Capital Expenditure$648.1M
FCF Margin-5220.6%
Cash Conversion Rate61.6%
Net Margin-1499.6%
Total Debt$429.3M
Total Cash$44.9M
Net Cash-$384.4M
Current Ratio1.09
Debt / Equity0.30
Debt / FCFN/A
YoY FCF Growth-17.1%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

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