Raid damage

I'm a little confused about raid damage. I just started playing again after a while and this whole raid stuff is new to me. I'm currently doing speed runs and averaging about 840k souls/hour not including quick ascensions or quests.

That should equal 840k more raid damage, right? 1 soul = 1 damage.

Today I've earned way over 5 million HS from primals but I'm not doing 5 mil per click damage. What am I getting wrong?

I may just be misunderstanding damage, the numbers in this game are kinda confusing to me.

I just fought the boss and I was doing 58,119k per hit. Is that 58 thousand per hit? or 58 million? Based on how many souls I'm getting a day I should be in the millions now.