What is Blue Hat Interactive Entertainment Technology's earnings per share (EPS)?

Blue Hat Interactive Entertainment Technology (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.

Blue Hat Interactive Entertainment Technology (BHAT) Financials

BHAT

FY2024 annual

Revenue $18.7M -74.6% YoY

Net Income -$9.5M +50.6% YoY

EPS (Diluted) $16.29 -83.4% YoY

Gross Profit $1.5M +34.0% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported Apr 30, 2025 Currency USD FYE December

Blue Hat Interactive Entertainment Technology (BHAT) reported $18.7M in revenue for fiscal year 2024, down 74.6% from the prior fiscal year. This page shows its 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).

Rhea AI BHAT FY2024 2026-10-03

The business remains loss-making because thin gross profit cannot cover operating costs, while inventory dominates the balance sheet.

The notable pattern is that FY2024’s revenue contraction coincided with much smaller operating losses and a higher gross margin, so improvement came from a changed cost or revenue mix rather than selling more. That improvement remains incomplete: gross profit was only $1.5M while SG&A and R&D together were $6.0M, leaving gross profit insufficient to fund operating spending.

FY2024 revenue was $18.7M, down from $73.7M in FY2023. Gross margin nevertheless improved from 1.6% to 8.3%, pointing to a changed cost structure or revenue mix rather than growth-driven operating leverage. Operating loss narrowed to $4.5M from $28.9M, but the business still did not generate enough gross profit to cover overhead and development.

FY2024 inventory was $64.6M against $70.1M of current assets, making the reported 1.7x current ratio less cash-like than it appears. Total liabilities of $43.1M were backed by $75.2M of assets, but working capital was heavily concentrated in inventory rather than more immediately usable assets.

Financial Health Signals

Financial health score not available

Blue Hat Interactive Entertainment Technology does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

2/6

Blue Hat Interactive Entertainment Technology passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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

N/A

Blue Hat Interactive Entertainment Technology reported an operating loss of $4.5M against $184K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2024.

Cash & Balance Sheet

Cash & Debt

$14K

YoY-96.5%

QoQ-96.5%

Blue Hat Interactive Entertainment Technology held $14K in cash as of Q4 2024; long-term debt is not reported for that period.

Shares Outstanding

494M

Blue Hat Interactive Entertainment Technology had 494M shares outstanding in Q4 2024.

Free Cash Flow

Not reported for Q4 2024.

Dividends Per Share

Not reported for Q4 2024.

Margins & Returns

None of these metrics is reported for Q4 2024.

Capital Allocation

None of these metrics is reported for Q4 2024.

BHAT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BHAT quarterly income statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$18.7M-74.6%	$73.7M+3255.6%	$2.2M-81.9%	$12.1M-50.7%	$24.6M+3.2%	$23.8M+28.6%	$18.5M+31.0%	$14.1M
Cost of Revenue	$17.2M-76.3%	$72.5M+7467.8%	$958K-83.4%	$5.8M-48.3%	$11.2M+48.4%	$7.5M+23.3%	$6.1M+15.3%	$5.3M
Gross Profit	$1.5M+34.0%	$1.2M-6.8%	$1.2M-80.5%	$6.4M-52.6%	$13.4M-17.7%	$16.3M+31.2%	$12.4M+40.4%	$8.8M
R&D Expenses	$3.2M+23.3%	$2.6M-6.0%	$2.7M-75.7%	$11.2M+4449.5%	$247K-76.1%	$1.0M+259.5%	$287K-19.4%	$356K
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+58.9%	$3.1M+59.7%	$1.9M
Operating Income	-$4.5M+84.6%	-$28.9M-264.9%	-$7.9M+84.5%	-$51.2M-601.4%	$10.2M+7.6%	$9.5M+14.0%	$8.3M+39.9%	$5.9M
EBITDA	-$4.2M+85.2%	-$28.6M-270.3%	-$7.7M+84.8%	-$50.8M-553.2%	$11.2M+7.8%	$10.4M+18.5%	$8.8M+42.7%	$6.2M
Interest Expense	$184K-17.2%	$222K+65.9%	$134K-41.8%	$230K-47.7%	$440K+155.7%	$172K+20.5%	$143K-22.2%	$183K
Income Tax	N/A	$6K-99.4%	$1.1M+99346.4%	$1K-99.9%	$1.7M+268.7%	$454K-25.1%	$605K-36.6%	$955K
Net Income	-$9.5M+50.6%	-$19.3M-106.1%	-$9.4M+83.6%	-$57.1M-799.4%	$8.2M-10.0%	$9.1M+14.6%	$7.9M+54.5%	$5.1M
EPS (Basic)	-$0.02-105.4%	$0.30+900.0%	$0.03	$0.00-100.0%	$0.21-19.2%	$0.26+8.3%	$0.24	N/A
EPS (Diluted)	$16.29-83.4%	$97.93-18.0%	$119.42	$0.00-100.0%	$0.21-19.2%	$0.26+8.3%	$0.24	N/A
Diluted Shares (Avg)	597,229+92.8%	309,753+261.6%	85,652-98.5%	6M+45.5%	4M-88.7%	35M+6.5%	33M	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

BHAT Balance Sheet

BHAT quarterly balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
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	N/A
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	N/A
Cash & Equivalents	$14K-96.5%	$409K+481.2%	$70K+39.6%	$50K-99.7%	$15.8M+1.8%	$15.5M+30.8%	$11.8M+399.1%	$2.4M
Inventory	$64.6M+268.0%	$17.5M	N/A	$109K+19.7%	$91K-27.5%	$125K-54.2%	$273K	N/A
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	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	N/A
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	N/A
Non-Current Liabilities	$2.4M-18.0%	$3.0M+27.2%	$2.3M+303.6%	$580K+14.6%	$506K+31.2%	$385K+319.0%	$92K	N/A
Long-Term Debt	N/A	N/A	N/A	$518K+2.3%	$506K+3694.7%	$13K-85.5%	$92K	N/A
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+29.6%	$21.8M
Retained Earnings	-$66.4M-16.8%	-$56.8M-61.9%	-$35.1M-36.4%	-$25.7M-182.0%	$31.4M+30.1%	$24.1M+59.1%	$15.2M	N/A

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
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
Non-Current Liabilities	$2.4M-18.0%	$3.0M+27.2%	$2.3M+303.6%	$580K+14.6%	$506K+31.2%	$385K+319.0%	$92K
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

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.

BHAT Cash Flow Statement

BHAT quarterly cash flow statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	N/A	$7.7M+2619.0%	$282K+101.3%	-$22.3M-541.1%	$5.1M-59.0%	$12.3M+3068.9%	-$415K-105.9%	$7.0M
Depreciation & Amortization	$209K-20.0%	$261K+41.0%	$185K-46.3%	$345K-65.8%	$1.0M+9.5%	$922K+98.8%	$464K+122.9%	$208K
Stock-Based Compensation	$966K-73.6%	$3.7M-9.5%	$4.0M	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	$3K-97.6%	$141K-93.6%	$2.2M-0.5%	$2.2M+4841.2%	$45K-16.4%	$54K
Free Cash Flow	N/A	N/A	$278K+101.2%	-$22.4M-888.4%	$2.8M-71.8%	$10.1M+2295.9%	-$460K-106.6%	$6.9M
Investing Cash Flow	N/A	-$15K-342.7%	$6K+100.1%	-$4.5M+58.2%	-$10.8M+43.7%	-$19.1M-276.9%	$10.8M+168.3%	-$15.8M
Financing Cash Flow	$485K-79.0%	$2.3M-9.3%	$2.5M-66.4%	$7.6M+203.8%	$2.5M-76.5%	$10.6M+2586.2%	-$426K-104.2%	$10.2M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

BHAT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BHAT quarterly financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	8.3%+6.7pp	1.6%-54.8pp	56.4%+4.0pp	52.4%-2.2pp	54.5%-13.9pp	68.4%+1.4pp	67.0%+4.5pp	62.5%
Operating Margin	-23.8%+15.4pp	-39.2%	-360.5%	-421.4%	41.5%+1.7pp	39.8%-5.1pp	44.9%+2.8pp	42.0%
Net Margin	-50.9%-24.7pp	-26.2%	-426.5%	-470.7%	33.2%-4.9pp	38.1%-4.7pp	42.7%+6.5pp	36.2%
Return on Equity	-29.6%+17.9pp	-47.5%+29.8pp	-77.3%+298.8pp	-376.1%-390.0pp	13.9%-6.4pp	20.3%-7.7pp	28.0%+4.5pp	23.5%
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%-6.9pp	22.3%	N/A
Current Ratio	1.72-5.2x	6.93+5.7x	1.240.0x	1.19-1.9x	3.120.0x	3.12-0.5x	3.60	N/A
Debt-to-Equity	1.34+1.1x	0.21-1.4x	1.63+1.6x	0.030.0x	0.010.0x	0.000.0x	0.00	N/A
Asset Turnover	0.25-1.2x	1.50+1.4x	0.06-0.3x	0.330.0x	0.33-0.1x	0.41-0.1x	0.52	N/A
FCF Margin	N/A	N/A	12.7%	-184.7%	11.6%-30.8pp	42.3%+44.8pp	-2.5%-51.5pp	49.0%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Current Ratio	1.72-5.2x	6.93+5.7x	1.240.0x	1.19-1.9x	3.120.0x	3.12-0.5x	3.60
Debt-to-Equity	1.34+1.1x	0.21-1.4x	1.63+1.6x	0.030.0x	0.010.0x	0.000.0x	0.00

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Blue Hat Interactive Entertainment Technology BHAT	FY2024	$18.7M	-$9.5M	-50.9%	N/A	—
Gaxos.ai Inc. GXAI	FY2025	$1.9M	-$3.9M	N/A	$6.0M	58/100
Motorsport Games Inc. MSGM	FY2025	$11.3M	$6.9M	61.3%	$23.6M	61/100
Brag House Holdings, Inc. TBH	FY2025	N/A	-$15.9M	N/A	$12.0M	—
GigaMedia Ltd GIGM	FY2025	$3.5M	-$1.6M	-44.7%	$14.1M	60/100
Snail, Inc. SNAL	FY2025	$81.2M	-$27.2M	-33.5%	$18.0M	31/100

Where Blue Hat Interactive Entertainment Technology Ranks

Frequently Asked Questions

What is Blue Hat Interactive Entertainment Technology's annual revenue?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's revenue growing?

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

Is Blue Hat Interactive Entertainment Technology profitable?

No, Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's EBITDA?

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

What is Blue Hat Interactive Entertainment Technology's gross margin?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's operating margin?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's net profit margin?

Blue Hat Interactive Entertainment Technology (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 is Blue Hat Interactive Entertainment Technology's return on equity (ROE)?

Blue Hat Interactive Entertainment Technology (BHAT) has a return on equity of -29.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What are Blue Hat Interactive Entertainment Technology's total assets?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology spend on research and development?

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

How many shares does Blue Hat Interactive Entertainment Technology have outstanding?

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

What is Blue Hat Interactive Entertainment Technology's current ratio?

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

What is Blue Hat Interactive Entertainment Technology's debt-to-equity ratio?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's return on assets (ROA)?

Blue Hat Interactive Entertainment Technology (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 Entertainment Technology's Piotroski F-Score?

Blue Hat Interactive Entertainment Technology (BHAT) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Can Blue Hat Interactive Entertainment Technology cover its interest payments?

Blue Hat Interactive Entertainment Technology (BHAT) reported an operating loss of $4.5M against $184K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.