Hut 8 Past Earnings Performance
Past criteria checks 5/6
Hut 8 has been growing earnings at an average annual rate of 92.3%, while the Software industry saw earnings growing at 19.8% annually. Revenues have been growing at an average rate of 69.1% per year. Hut 8's return on equity is 34.5%, and it has net margins of 208.7%.
Key information
92.3%
Earnings growth rate
80.8%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 69.1% |
| Return on equity | 34.5% |
| Net Margin | 208.7% |
| Last Earnings Update | 31 Dec 2024 |
Recent past performance updates
Recent updates
Hut 8: This Fast-Growing Crypto Miner Does More Than Just Bitcoin Mining
Mar 05Hut 8: The Data Centre Services Story Is Compelling
Jan 22Hut 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 |
|---|---|---|---|---|
| 31 Dec 24 | 162 | 339 | 67 | 0 |
| 30 Sep 24 | 194 | 190 | 117 | 0 |
| 30 Jun 24 | 172 | 185 | 90 | 0 |
| 31 Mar 24 | 157 | 254 | 80 | 0 |
| 31 Dec 23 | 96 | 22 | 49 | 0 |
| 30 Sep 23 | 63 | -69 | 28 | 0 |
| 30 Jun 23 | 82 | -66 | 25 | 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's current net profit margins are higher than last year (22.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HUT's earnings have grown significantly by 92.3% per year over the past 5 years.
Accelerating Growth: HUT's earnings growth over the past year (1456.6%) exceeds its 5-year average (92.3% per year).
Earnings vs Industry: HUT earnings growth over the past year (1456.6%) exceeded the Software industry 35.8%.
Return on Equity
High ROE: HUT's Return on Equity (34.5%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/21 11:11 |
| End of Day Share Price | 2025/03/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hut 8 Corp. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Palmer | Benchmark Company |
| Joseph Vafi | Canaccord Genuity |
| Brett Knoblauch | Cantor Fitzgerald & Co. |