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Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 190M | 273.8% |
| Gross Profit | 170M | 409.9% |
| Cost of Revenue | 20M | 15.7% |
| Operating expense | 39M | 49.9% |
| Net Income | 152M | 23427.8% |
| EBITDA | 285M | 1192.5% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.52B | 38.2% |
| Total Liabilities | 538M | 39.2% |
| Total Equity | 977M | 38.7% |
| Shares Outstanding | 99M | 6.4% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | -22M | 415% |
| Cash from investing | -128M | 33.5% |
| Cash from financing | 162M | 5094.9% |
EPS
Financial Highlights for Hut 8 in Q4 '24
Hut 8 reported a revenue of 190M, which is a 273.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 170M, marking a 409.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 20M, a 15.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 39M, showing a 49.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 152M, showing a 23427.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 285M, showing a 1192.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Hut 8 with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
