Hut 8 Corp. (HUT) intrinsic value & 10-year financials
Hut 8 Corp. (HUT) has a Graham intrinsic value of $112.93 per share. At $67.75 on Oct 17, 2026, the stock trades 40% below that value. Over the last 5 fiscal years revenue grew 47.2% a year to $235.1M, with an average return on invested capital of 2.1%.
- Graham intrinsic value
- $112.93
- Share price (Oct 17, 2026)
- $67.75
- Price vs Graham value
- 40% below
- Market cap
- $7.1B
- Revenue (FY2025)
- $235.1M
- Revenue growth (5-yr CAGR)
- 47.2%
- ROIC (10-yr avg)
- 2.1%
- Free cash flow (FY2025)
- —
HUT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $235.1M | -$226.1M | -$2.14 | — | -136.9% | -20.0% |
| FY2024 | $162.4M | $331.9M | $3.40 | — | 283.6% | 36.3% |
| FY2023 | $96.0M | $21.9M | $0.22 | — | 9.8% | 2.2% |
| FY2022 | $73.7M | -$31.8M | -$0.47 | — | -26.9% | -10.1% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Hut 8 Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Hut 8 Corp. has historically struggled to out-earn its cost of capital, averaging just 2.1% ROIC.
Hut 8 Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Hut 8 Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $112.93 per share.