Blue Hat Interactive Entertainment Technology financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Blue Hat Interactive Entertainment Technology files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	14.1	18.5	23.8	24.6	12.1	2.2	73.7	18.7
Cost of revenue	5.3	6.11	7.53	11.2	5.78	0.96	72.5	17.2
Gross profit	8.84	12.4	16.3	13.4	6.36	1.24	1.15	1.55
Research and development	0.36	0.29	1.03	0.25	11.2	2.73	2.57	3.17
Selling and marketing	0.63	0.76	0.93	0.48	0.32	0.16	0.01
General and administrative	1.92	3.06	4.86	2.49	31.3	6.22	13.8	2.83
Operating expenses	2.9	4.11	6.82	3.22	57.5	9.15	30	6
Operating income	5.94	8.32	9.48	10.2	-51.2	-7.92	-28.9	-4.46
Interest expense	0.18	0.14	0.17	0.44	0.23	0.13	0.22	0.18
Interest income	0.16	0.22	0	0.15	0.16	0	0	0
Other non-operating income	0.14	0.21	0.05	-0.48	-0.33	-0.11	-0.22	-5.07
Pre-tax income	6.08	8.52	9.53	9.72	-51.5	-8.03	-29.1	-9.52
Income tax	0.96	0.61	0.45	1.67	0	1.1	0.01
Income from continuing operations			9.07	8.05	-51.5	-9.12	-29.1	-9.52
Net income to minority interests				0.11	-2.92
Net income	5.12	7.92	9.07	8.17	-57.1	-9.37	-19.3	-9.52
EBITDA	5.96	8.42	9.58	10.5	-50.8	-7.73	-28.6	-4.25
EPS, basic	636.91	955.36	1,035.00	835.94	0.00	0.03	0.30
EPS, diluted	636.91	955.36	1,035.00	835.94	0.00	119.42	97.93	16.29
Shares, basic (weighted)	0.01	0.01	0.01	0	0	0.08	0.3	0.58
Shares, diluted (weighted)	0.01	0.01	0.01	0	0	0.09	0.31	0.6

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	2.37	11.8	15.5	15.8	0.05	0.07	0.41	0.01
Receivables		11.9	13.6	15.9	16.7	9.17	15.2
Inventory		0.27	0.13	0.09	0.11		17.5	64.6
Total current assets		25.7	42.7	50.7	21.7	21.5	39.3	70.1
Property, plant and equipment		0.21	2.32	4.26	4.15	3.82	3.54	3.34
Lease right-of-use assets			0.68	0.23	0.16	0.04	2.35	1.83
Intangible assets			6.76	14.3	6.92	1.37
Long-term investments		1.75	1.73	1.91	1.88	1.72	1.69
Total assets		35.5	58.8	75.7	36.5	34.3	49.3	75.2
Accounts payable		1.4	0.29	0.21	0.96	0.32	0.32	34.2
Deferred revenue				0.94	1.5	0.9
Short-term debt		0.08	0.08	0.01	0.86	0.47	0.27	0.15
Total current liabilities		7.12	13.7	16.2	18.3	17.4	5.66	40.6
Long-term debt		0.09	0.01	0.51	0.52
Lease liabilities			0.37		0.06	0.03	2.14	1.67
Total liabilities		7.21	14.1	16.7	18.9	19.7	8.64	43.1
Total debt		0.17	0.09	0.52	0.52
Paid-in capital		12.8	20.8	23.5	36.3	44.1	93.8	94.9
Retained earnings		15.2	24.1	31.4	-25.7	-35.1	-56.8	-66.4
Other comprehensive income		-0.96	-1.48	1.74	2.46	0.83	0.9	0.91
Shareholders' equity	21.8	28.3	44.8	58.8	15.2	12.1	40.6	32.1
Minority interests				0.11	2.46	2.42
Total equity	21.8	28.3	44.8	58.9	17.7	14.5	40.6	32.1
Total liabilities and equity		35.5	58.8	75.7	36.5	34.3	49.3	75.2
Shares outstanding		0.01	0.01	0.01	0	9.89	58.4

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	5.12	7.92	9.07	8.28	-60.1	-9.41	-21.7	-9.52
Depreciation and amortization	0.01	0.1	0.1	0.27	0.34	0.19	0.26	0.21
Stock-based compensation						4.04	3.66	0.97
Deferred income tax		0.11	0.05	0.06
Change in receivables	-2.3	-6.59	-2.77	-3.15	9.09	4.76	-14.9	15.1
Change in inventory	0.35	0.3	0.15	0.03	-0.04	0.12	-17.5	-47
Change in payables	3.12	-4.15	-1.1	-0.08	0.13	-0.02	-0.01	33.8
Cash from operations	6.99	-0.41	12.3	5.05	-22.3	0.28	7.66
Capital expenditures	-0.05	-0.04	-2.22	-2.21	-0.14	-0
Acquisitions					-0.16	0
Purchases of investments	-17.4	-2.39
Cash from investing	-15.8	10.8	-19.1	-10.8	-4.5	0.01	-0.02
Debt repaid		-0.06	-0.08	-0.07	-0.01
Cash from financing	10.2	-0.43	10.6	2.49	7.57	2.54	2.31	0.48
Exchange rate effect			-0.14	3.55	1.44	-1.32	0.21	0.01
Net change in cash	1.41	9.46	3.65	0.32	-15.6	0.03	0.34	-0.39
Free cash flow	6.94	-0.46	10.1	2.84	-22.4	0.28
Interest paid	0.18	0.14	0.17	0.44	0.23	0.13	0.22	0.21
Income taxes paid		1.71	0.12	0.78	1.53	1.1	0.01

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.00 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	8.3%	Gross profit / revenue.
Operating margin	-23.8%	Operating income / revenue.
EBITDA margin	-22.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-50.9%	Pre-tax income / revenue.
Net margin	-50.9%	Net income / revenue.
Return on equity (ROE)	-26.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-15.3%	Net income / average total assets.
Return on invested capital (ROIC)	-9.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	16.9%	Research and development expense / revenue.
Stock-based pay / revenue	5.2%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	1.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-74.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	15.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-4.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	34.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-37.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-37.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-83.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	-56.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-20.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	28.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	52.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	27.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	92.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	642.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	132.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.72x	Current assets / current liabilities.
Quick ratio	0.00x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.00x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	57.3%	Total liabilities / total assets.
Interest coverage	-24.2x	Operating income / interest expense.
Working capital	$29.4M	Current assets - current liabilities.
Tangible book value	$32.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.30x	Revenue / average total assets.
Fixed asset turnover	5.44x	Revenue / average property, plant and equipment.
Inventory turnover	0.42x	Cost of revenue / average inventory.
Days inventory	872 days	365 x average inventory / cost of revenue.
Days payables	366 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$16.29	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$31.35	Revenue / diluted weighted shares.
Book value per share	$53.82	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$53.82	Tangible book value / shares outstanding.
Cash per share	$0.02	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$49.4K	Share price x shares outstanding.
Enterprise value	$35.1K	Market cap + total debt - cash - short-term investments.
P/S	0.00x	Market cap / revenue.
P/B	0.00x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.00x	Market cap / tangible book value, when positive.
EV/Sales	0.00x	Enterprise value / revenue.
Earnings yield	-19,288.0%	Net income / market cap (the inverse of P/E).

What was Blue Hat Interactive Entertainment Technology's revenue in fiscal 2024?

Blue Hat Interactive Entertainment Technology reported revenue of $18.7M for fiscal 2024, 74.6% lower than the year before.

Was Blue Hat Interactive Entertainment Technology profitable in fiscal 2024?

No. It reported a net loss of $9.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Blue Hat Interactive Entertainment Technology