Blue Hat Interactive Entmt Tec Financials

BHAT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Blue Hat Interactive Entmt Tec (BHAT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 28/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Blue Hat Interactive Entmt Tec has an operating margin of -23.8%, meaning the company retains $-24 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -39.2% the prior year.

Growth

Blue Hat Interactive Entmt Tec's revenue declined 74.6% year-over-year, from $73.7M to $18.7M. This contraction results in a growth score of 0/100.

Leverage

Blue Hat Interactive Entmt Tec has a moderate D/E ratio of 1.34. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

Blue Hat Interactive Entmt Tec's current ratio of 1.72 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.

Piotroski F-Score Weak

2/9

Blue Hat Interactive Entmt Tec passes 2 of 9 financial strength tests. 1 of 2 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Interest Coverage At Risk

-24.2x

Blue Hat Interactive Entmt Tec earns $-24.2 in operating income for every $1 of interest expense (-$4.5M vs $184K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$18.7M

YoY-74.6%

5Y CAGR-4.7%

Blue Hat Interactive Entmt Tec generated $18.7M in revenue in fiscal year 2024. This represents a decrease of 74.6% from the prior year.

EBITDA

-$4.2M

YoY+85.2%

Blue Hat Interactive Entmt Tec's EBITDA was -$4.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 85.2% from the prior year.

Free Cash Flow

N/A

Net Income

-$9.5M

YoY+50.6%

Blue Hat Interactive Entmt Tec reported -$9.5M in net income in fiscal year 2024. This represents an increase of 50.6% from the prior year.

EPS (Diluted)

$16.29

YoY-83.4%

5Y CAGR+128.8%

Blue Hat Interactive Entmt Tec earned $16.29 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 83.4% from the prior year.

Cash & Debt

$14K

YoY-96.5%

5Y CAGR-75.3%

Blue Hat Interactive Entmt Tec held $14K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

494M

YoY+745.6%

5Y CAGR+69.6%

Blue Hat Interactive Entmt Tec had 494M shares outstanding in fiscal year 2024. This represents an increase of 745.6% from the prior year.

Gross Margin

8.3%

YoY+6.7pp

5Y CAGR-60.1pp

Blue Hat Interactive Entmt Tec's gross margin was 8.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 6.7 percentage points from the prior year.

Operating Margin

-23.8%

YoY+15.4pp

5Y CAGR-63.6pp

Blue Hat Interactive Entmt Tec's operating margin was -23.8% in fiscal year 2024, reflecting core business profitability. This is up 15.4 percentage points from the prior year.

Net Margin

-50.9%

YoY-24.7pp

5Y CAGR-88.9pp

Blue Hat Interactive Entmt Tec's net profit margin was -50.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 24.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.2M

YoY+23.3%

5Y CAGR+25.2%

Blue Hat Interactive Entmt Tec invested $3.2M in research and development in fiscal year 2024. This represents an increase of 23.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

BHAT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$18.7M-74.6%	$73.7M+3255.6%	$2.2M-81.9%	$12.1M-50.7%	$24.6M+3.2%	$23.8M
Cost of Revenue	$17.2M-76.3%	$72.5M+7467.8%	$958K-83.4%	$5.8M-48.3%	$11.2M+48.4%	$7.5M
Gross Profit	$1.5M+34.0%	$1.2M-6.8%	$1.2M-80.5%	$6.4M-52.6%	$13.4M-17.7%	$16.3M
R&D Expenses	$3.2M+23.3%	$2.6M-6.0%	$2.7M-75.7%	$11.2M+4449.5%	$247K-76.1%	$1.0M
SG&A Expenses	$2.8M-79.4%	$13.8M+121.2%	$6.2M-80.1%	$31.3M+1159.3%	$2.5M-48.8%	$4.9M
Operating Income	-$4.5M+84.6%	-$28.9M-264.9%	-$7.9M+84.5%	-$51.2M-601.4%	$10.2M+7.6%	$9.5M
Interest Expense	$184K-17.2%	$222K+65.9%	$134K-41.8%	$230K-47.7%	$440K+155.7%	$172K
Income Tax	N/A	$6K-99.4%	$1.1M+99346.4%	$1K-99.9%	$1.7M+268.7%	$454K
Net Income	-$9.5M+50.6%	-$19.3M-106.1%	-$9.4M+83.6%	-$57.1M-799.4%	$8.2M-10.0%	$9.1M
EPS (Diluted)	$16.29-83.4%	$97.93-18.0%	$119.42	$0.00-100.0%	$0.21-19.2%	$0.26

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHAT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$75.2M+52.7%	$49.3M+43.7%	$34.3M-6.1%	$36.5M-51.8%	$75.7M+28.7%	$58.8M
Current Assets	$70.1M+78.4%	$39.3M+82.4%	$21.5M-0.8%	$21.7M-57.2%	$50.7M+18.7%	$42.7M
Cash & Equivalents	$14K-96.5%	$409K+481.2%	$70K+39.6%	$50K-99.7%	$15.8M+1.8%	$15.5M
Inventory	$64.6M+268.0%	$17.5M	N/A	$109K+19.7%	$91K-27.5%	$125K
Accounts Receivable	N/A	$15.2M+65.3%	$9.2M-45.0%	$16.7M+5.1%	$15.9M+16.4%	$13.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$43.1M+398.7%	$8.6M-56.2%	$19.7M+4.7%	$18.9M+12.7%	$16.7M+19.0%	$14.1M
Current Liabilities	$40.6M+617.6%	$5.7M-67.5%	$17.4M-4.8%	$18.3M+12.6%	$16.2M+18.7%	$13.7M
Long-Term Debt	N/A	N/A	N/A	$518K+2.3%	$506K+3694.7%	$13K
Total Equity	$32.1M-20.9%	$40.6M+235.5%	$12.1M-20.3%	$15.2M-74.2%	$58.8M+31.5%	$44.8M
Retained Earnings	-$66.4M-16.8%	-$56.8M-61.9%	-$35.1M-36.4%	-$25.7M-182.0%	$31.4M+30.1%	$24.1M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$75.2M+52.7%	$49.3M+43.7%	$34.3M-6.1%	$36.5M-51.8%	$75.7M+28.7%	$58.8M+65.8%	$35.5M
Current Assets	$70.1M+78.4%	$39.3M+82.4%	$21.5M-0.8%	$21.7M-57.2%	$50.7M+18.7%	$42.7M+66.5%	$25.7M
Cash & Equivalents	$14K-96.5%	$409K+481.2%	$70K+39.6%	$50K-99.7%	$15.8M+1.8%	$15.5M+30.8%	$11.8M
Inventory	$64.6M+268.0%	$17.5M	N/A	$109K+19.7%	$91K-27.5%	$125K-54.2%	$273K
Accounts Receivable	N/A	$15.2M+65.3%	$9.2M-45.0%	$16.7M+5.1%	$15.9M+16.4%	$13.6M+14.6%	$11.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$43.1M+398.7%	$8.6M-56.2%	$19.7M+4.7%	$18.9M+12.7%	$16.7M+19.0%	$14.1M+95.0%	$7.2M
Current Liabilities	$40.6M+617.6%	$5.7M-67.5%	$17.4M-4.8%	$18.3M+12.6%	$16.2M+18.7%	$13.7M+92.1%	$7.1M
Long-Term Debt	N/A	N/A	N/A	$518K+2.3%	$506K+3694.7%	$13K-85.5%	$92K
Total Equity	$32.1M-20.9%	$40.6M+235.5%	$12.1M-20.3%	$15.2M-74.2%	$58.8M+31.5%	$44.8M+58.4%	$28.3M
Retained Earnings	-$66.4M-16.8%	-$56.8M-61.9%	-$35.1M-36.4%	-$25.7M-182.0%	$31.4M+30.1%	$24.1M+59.1%	$15.2M

BHAT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	N/A	$7.7M+2619.0%	$282K+101.3%	-$22.3M-541.1%	$5.1M-59.0%	$12.3M
Capital Expenditures	N/A	N/A	$3K-97.6%	$141K-93.6%	$2.2M-0.5%	$2.2M
Free Cash Flow	N/A	N/A	$278K+101.2%	-$22.4M-888.4%	$2.8M-71.8%	$10.1M
Investing Cash Flow	N/A	-$15K-342.7%	$6K+100.1%	-$4.5M+58.2%	-$10.8M+43.7%	-$19.1M
Financing Cash Flow	$485K-79.0%	$2.3M-9.3%	$2.5M-66.4%	$7.6M+203.8%	$2.5M-76.5%	$10.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHAT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	8.3%+6.7pp	1.6%-54.8pp	56.4%+4.0pp	52.4%-2.2pp	54.5%-13.9pp	68.4%
Operating Margin	-23.8%+15.4pp	-39.2%+321.3pp	-360.5%+61.0pp	-421.4%-462.9pp	41.5%+1.7pp	39.8%
Net Margin	-50.9%-24.7pp	-26.2%+400.3pp	-426.5%+44.2pp	-470.7%-503.9pp	33.2%-4.9pp	38.1%
Return on Equity	N/A	N/A	N/A	N/A	13.9%-6.4pp	20.3%
Return on Assets	-12.7%+26.5pp	-39.2%-11.8pp	-27.3%+129.2pp	-156.5%-167.3pp	10.8%-4.6pp	15.4%
Current Ratio	1.72-5.2	6.93+5.7	1.24+0.0	1.19-1.9	3.120.0	3.12
Debt-to-Equity	1.34+1.1	0.21-1.4	1.63+1.6	0.03+0.0	0.010.0	0.00
FCF Margin	N/A	N/A	12.7%+197.4pp	-184.7%-196.3pp	11.6%-30.8pp	42.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.72-5.2	6.93+5.7	1.24+0.0	1.19-1.9	3.120.0	3.12-0.5	3.60
Debt-to-Equity	1.34+1.1	0.21-1.4	1.63+1.6	0.03+0.0	0.010.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Blue Hat Interactive Entmt Tec's annual revenue?

Blue Hat Interactive Entmt Tec (BHAT) reported $18.7M in total revenue for fiscal year 2024. This represents a -74.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Blue Hat Interactive Entmt Tec's revenue growing?

Blue Hat Interactive Entmt Tec (BHAT) revenue declined by 74.6% year-over-year, from $73.7M to $18.7M in fiscal year 2024.

Is Blue Hat Interactive Entmt Tec profitable?

No, Blue Hat Interactive Entmt Tec (BHAT) reported a net income of -$9.5M in fiscal year 2024, with a net profit margin of -50.9%.

What is Blue Hat Interactive Entmt Tec's earnings per share (EPS)?

Blue Hat Interactive Entmt Tec (BHAT) reported diluted earnings per share of $16.29 for fiscal year 2024. This represents a -83.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Blue Hat Interactive Entmt Tec's EBITDA?

Blue Hat Interactive Entmt Tec (BHAT) had EBITDA of -$4.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Blue Hat Interactive Entmt Tec's gross margin?

Blue Hat Interactive Entmt Tec (BHAT) had a gross margin of 8.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Blue Hat Interactive Entmt Tec's operating margin?

Blue Hat Interactive Entmt Tec (BHAT) had an operating margin of -23.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Blue Hat Interactive Entmt Tec's net profit margin?

Blue Hat Interactive Entmt Tec (BHAT) had a net profit margin of -50.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What are Blue Hat Interactive Entmt Tec's total assets?

Blue Hat Interactive Entmt Tec (BHAT) had $75.2M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Blue Hat Interactive Entmt Tec spend on research and development?

Blue Hat Interactive Entmt Tec (BHAT) invested $3.2M in research and development during fiscal year 2024.

How many shares does Blue Hat Interactive Entmt Tec have outstanding?

Blue Hat Interactive Entmt Tec (BHAT) had 494M shares outstanding as of fiscal year 2024.

What is Blue Hat Interactive Entmt Tec's current ratio?

Blue Hat Interactive Entmt Tec (BHAT) had a current ratio of 1.72 as of fiscal year 2024, which is generally considered healthy.

What is Blue Hat Interactive Entmt Tec's debt-to-equity ratio?

Blue Hat Interactive Entmt Tec (BHAT) had a debt-to-equity ratio of 1.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blue Hat Interactive Entmt Tec's return on assets (ROA)?

Blue Hat Interactive Entmt Tec (BHAT) had a return on assets of -12.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Blue Hat Interactive Entmt Tec's Piotroski F-Score?

Blue Hat Interactive Entmt Tec (BHAT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Can Blue Hat Interactive Entmt Tec cover its interest payments?

Blue Hat Interactive Entmt Tec (BHAT) has an interest coverage ratio of -24.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Blue Hat Interactive Entmt Tec?

Blue Hat Interactive Entmt Tec (BHAT) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.