Hut 8 Mining Past Earnings Performance
Past criteria checks 0/6
Hut 8 Mining's earnings have been declining at an average annual rate of -20.1%, while the Software industry saw earnings growing at 15% annually. Revenues have been growing at an average rate of 20.6% per year.
Key information
-20.1%
Earnings growth rate
25.7%
EPS growth rate
| Software Industry Growth | 12.9% |
| Revenue growth rate | 20.6% |
| Return on equity | -37.4% |
| Net Margin | -192.8% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Hut 8 Mining 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 23 | 77 | -148 | 39 | 0 |
| 30 Jun 23 | 92 | -119 | 40 | 0 |
| 31 Mar 23 | 116 | -190 | 41 | 0 |
| 31 Dec 22 | 151 | -243 | 37 | 0 |
| 30 Sep 22 | 187 | -167 | 34 | 0 |
| 30 Jun 22 | 205 | -120 | 32 | 0 |
| 31 Mar 22 | 195 | -36 | 28 | 0 |
| 31 Dec 21 | 174 | -73 | 27 | 0 |
| 30 Sep 21 | 129 | 66 | 19 | 0 |
| 30 Jun 21 | 84 | 42 | 13 | 0 |
| 31 Mar 21 | 60 | 48 | 9 | 0 |
| 31 Dec 20 | 41 | 19 | 3 | 0 |
| 30 Sep 20 | 43 | -22 | 3 | 0 |
| 30 Jun 20 | 64 | -26 | 4 | 0 |
| 31 Mar 20 | 83 | 1 | 4 | 0 |
| 31 Dec 19 | 82 | 2 | 6 | 0 |
| 30 Sep 19 | 80 | -101 | 6 | 0 |
| 30 Jun 19 | 71 | -107 | 7 | 0 |
| 31 Mar 19 | 51 | -142 | 8 | 0 |
| 31 Dec 18 | 49 | -137 | 8 | 0 |
| 31 Dec 17 | 7 | 1 | 3 | 0 |
| 30 Sep 17 | 0 | 0 | 0 | 0 |
| 30 Jun 17 | 0 | 0 | 0 | 0 |
Quality Earnings: HUT N is currently unprofitable.
Growing Profit Margin: HUT N is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HUT N is unprofitable, and losses have increased over the past 5 years at a rate of 20.1% per year.
Accelerating Growth: Unable to compare HUT N's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HUT N is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (7.4%).
Return on Equity
High ROE: HUT N has a negative Return on Equity (-37.36%), as it is currently unprofitable.