Name: Hut 8 Corp. (HUT) Financial Statements
Creator: FinSpry

Hut 8 Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Hut 8 Corp. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	162.39	60.61	150.68	173.77	40.71
Cost of Revenue	86.66	34.30	175.65	89.02	60.06
Gross Profit	75.73	26.30	-24.97	84.75	-19.35
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	67.02	37.55	21.81	25.52	2.37
Operating Expenses	-394.55	48.17	50.47	36.22	4.32
Operating Income	470.28	-21.87	-75.44	48.53	-23.67
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	-29.79	27.94	-6.92	-0.34	0.00
Other Income/Expense	6.78	-38.36	-98.81	-117.12	30.10
Income
Income Before Tax	451.91	5.79	15.43	-67.09	3.99
Income Tax Expense	113.46	-0.42	9.59	5.62	-15.05
Net Income	331.88	6.21	5.84	-72.71	19.04
Net Income - Continuous Operations	331.88	-65.61	-31.80	0.00	0.00
Net Income - Discontinued Operations	-7.04	0.00	0.00	0.00	0.00
EBITDA	518.05	31.97	117.55	-42.45	27.71
EBIT	470.28	17.49	23.02	-65.73	6.44
Depreciation & Amortization	47.77	10.62	0.65	0.67	0.00
Earnings Per Share
Basic EPS	4.00	-	-1.00	-1.00	-
Diluted EPS	3.00	-	-1.00	-1.00	-
Basic Shares Outstanding	91.32	51.27	187.77	134.16	93.84
Diluted Shares Outstanding	101.05	55.27	33.90	134.16	94.24