Hut 8 Past Earnings Performance
Past criteria checks 2/6
There is insufficient data on Hut 8's performance over the last few years.
Key information
n/a
Earnings growth rate
n/a
EPS growth rate
| Software Industry Growth | 8.2% |
| Revenue growth rate | 34.0% |
| Return on equity | 2.5% |
| Net Margin | 10.2% |
| Next Earnings Update | 15 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
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 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 large one-off loss of $5.7M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: HUT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HUT has become profitable 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 (10.4%).
Return on Equity
High ROE: HUT's Return on Equity (2.5%) is considered low.