Hut 8 Past Earnings Performance
Past criteria checks 3/6
Hut 8 has been growing earnings at an average annual rate of 87.9%, while the Software industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 209.1% per year. Hut 8's return on equity is 26.7%, and it has net margins of 98%.
Key information
87.9%
Earnings growth rate
76.4%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 209.1% |
| Return on equity | 26.7% |
| Net Margin | 98.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Hut 8: A Third Quarter Earnings Review
Nov 13Hut 8: Massively Undervalued AI Play
Sep 04Hut 8's (NASDAQ:HUT) Earnings Are Weaker Than They Seem
Aug 21
Q2 Earnings: Hut 8 Needs AI To Work
Aug 13HUT 8: A Cryptocurrency Stock With High Growth Potential
May 02From Bull To Bear: Recent Events Drove Me To Exit My Position In HUT 8
Mar 19We Think Hut 8 (NASDAQ:HUT) Has A Fair Chunk Of Debt
Mar 03Hut 8 Post-Merger Comprehensive Thesis: JCapital Research Might Be Right
Jan 29Hut 8 Mining: Diversified Business Appeal
Jan 13Revenue & Expenses Breakdown
How Hut 8 makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 194 | 190 | 117 | 0 |
| 30 Jun 24 | 172 | 185 | 90 | 0 |
| 31 Mar 24 | 157 | 254 | 80 | 0 |
| 31 Dec 23 | 121 | 12 | 70 | 0 |
| 30 Sep 23 | 63 | -69 | 28 | 0 |
| 30 Jun 23 | 82 | -66 | 27 | 0 |
| 31 Mar 23 | 84 | -89 | 30 | 0 |
| 31 Dec 22 | 90 | -111 | 34 | 0 |
| 30 Sep 22 | 103 | -32 | 35 | 0 |
| 30 Jun 22 | 74 | -32 | 31 | 0 |
| 30 Jun 21 | 7 | -16 | 21 | 0 |
Quality Earnings: HUT has a high level of non-cash earnings.
Growing Profit Margin: HUT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HUT's earnings have grown significantly by 87.9% per year over the past 5 years.
Accelerating Growth: HUT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HUT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (28.9%).
Return on Equity
High ROE: HUT's Return on Equity (26.7%) is considered high.