HUT Q3 2024 Earnings — Hut 8 Corp. Revenue & Financial Results | Market Cap Arena

HUTHut 8 Corp.

$6B

Q3 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$44M+101.5% YoY

Gross Profit

$26M59.9% margin

Operating Income

-$2M-3.6% margin

Net Income

$647,0001.5% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+219.4%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$65M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$387M

Stockholders' Equity

$704M

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$22M	+101.5%
Gross Profit	$26M	$8M	+220.1%
Operating Income	-$2M	-$665,000	-135.9%
Net Income	$647,000	-$4M	+114.8%

Revenue Segments

Management Service

$21M73%

Service, Other

$8M27%