Hut Historical Income Statement
| HUT Stock | USD 8.27 0.11 1.35% |
Historical analysis of Hut 8 income statement accounts such as Selling General Administrative of 29.2 M or Other Operating Expenses of 273 M can show how well Hut 8 Corp performed in making a profits. Evaluating Hut 8 income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hut 8's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hut 8 Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hut 8 Corp is a good buy for the upcoming year.
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About Hut Income Statement Analysis
Hut 8 Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hut 8 shareholders. The income statement also shows Hut investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Hut 8 Income Statement Chart
Hut 8 Corp Income Statement is one of the three primary financial statements used for reporting Hut's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hut 8 Corp revenue and expense. Hut 8 Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Hut 8's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 31.1 M in 2024, whereas EBITDA is likely to drop slightly above 3.9 M in 2024. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hut 8 Corp. It is also known as Hut 8 overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Hut 8 Corp income statement and represents the costs associated with goods and services Hut 8 provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Hut 8's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hut 8 Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, Hut 8's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 31.1 M in 2024, whereas EBITDA is likely to drop slightly above 3.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 23.3M | 94.5M | 17.7M | 16.8M | Cost Of Revenue | 85.0M | 175.6M | 36.5M | 34.7M |
Hut 8 income statement Correlations
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Hut 8 Account Relationship Matchups
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Hut 8 income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 33.1M | 4.7M | 26.0M | 94.5M | 108.7M | 114.1M | |
| Interest Expense | 4.8M | 2.4M | 1.4M | 7.6M | 29.6M | 31.1M | |
| Selling General Administrative | 4.8M | 2.6M | 29.6M | 42.2M | 27.8M | 29.2M | |
| Other Operating Expenses | 84.6M | 64.4M | 125.2M | 226.1M | 260.0M | 273.0M | |
| Operating Income | (2.7M) | (7.1M) | 48.7M | (91.0M) | (7.9M) | (8.3M) | |
| Ebit | (2.7M) | (7.1M) | 48.7M | (91.0M) | (81.9M) | (77.8M) | |
| Ebitda | 30.4M | (2.4M) | 74.7M | 3.6M | 4.1M | 3.9M | |
| Total Operating Expenses | 4.8M | 2.6M | 40.3M | 50.5M | 81.8M | 85.9M | |
| Income Before Tax | 2.1M | 4.0M | (67.1M) | (233.2M) | (70.9M) | (74.4M) | |
| Total Other Income Expense Net | 4.8M | 11.1M | (115.8M) | (142.3M) | (33.3M) | (35.0M) | |
| Net Income | (2.6M) | 19.0M | (72.7M) | (242.8M) | (69.4M) | (72.9M) | |
| Total Revenue | 82.0M | 40.7M | 173.8M | 150.7M | 73.9M | 89.6M | |
| Net Income From Continuing Ops | 2.1M | 19.0M | (72.7M) | (242.8M) | (69.4M) | (72.9M) | |
| Net Income Applicable To Common Shares | 2.1M | 19.0M | (72.7M) | (242.8M) | (218.5M) | (207.6M) | |
| Income Tax Expense | 4.8M | (15.0M) | 5.6M | 9.6M | 11.0M | 11.6M | |
| Net Interest Income | (4.8M) | (2.4M) | 1.5M | (6.7M) | (29.6M) | (28.2M) | |
| Interest Income | 41.2K | 8.3K | 2.9M | 922K | 1.1M | 848.7K | |
| Gross Profit | 2.1M | (21.1M) | 88.8M | (25.0M) | 37.4M | 39.3M | |
| Cost Of Revenue | 79.9M | 61.8M | 85.0M | 175.6M | 36.5M | 34.7M | |
| Reconciled Depreciation | 33.1M | 21.3M | 23.3M | 94.5M | 17.7M | 16.8M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Hut 8's price analysis, check to measure Hut 8's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.
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Is Hut 8's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hut 8. If investors know Hut will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hut 8 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.516 | Earnings Share (0.78) | Revenue Per Share 2.364 | Quarterly Revenue Growth 2.616 | Return On Assets (0.04) |
The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hut 8's market value can be influenced by many factors that don't directly affect Hut 8's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.