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Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 259M | 385.9% |
| Gross Profit | 237M | 317.1% |
| Cost of Revenue | 22M | 16.7% |
| Operating expense | 49M | 28.4% |
| Net Income | 137M | 202.6% |
| EBITDA | 194M | 247.1% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 2.02B | 28.6% |
| Total Liabilities | 633M | 8.4% |
| Total Equity | 1.27B | 32% |
| Shares Outstanding | 119M | 15.7% |
Cash Flow (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Cash from operations | -49M | 44.1% |
| Cash from investing | -43M | 25.7% |
| Cash from financing | 205M | 77.7% |
EPS
Financial Highlights for Hut 8 in Q2 '25
Hut 8 reported a revenue of 259M, which is a 385.9% 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 237M, marking a 317.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 22M, a 16.7% 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 49M, showing a 28.4% 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 137M, showing a 202.6% 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 194M, showing a 247.1% 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.
