HIVE

MKT CAP:$646M

HIVE Digital Technologies Ltd.

Market Cap

$646M

Financial Services·Information Technology Services·🇺🇸 United States·NASDAQ

Financials·IT Services·🇺🇸·NASDAQ

Stock Price

$2.54-$0.19 (-6.96%)

Apr 20, 2026

Company Details

HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Bermuda. The Company operates the mining and sale of digital currencies and performance computing hosting. I...

CEO

Aydin Kilic

IPO Date

Feb 2, 2011

Website

hivedigitaltechnologies.com

Key Metrics TTM

Revenue

$257M

+142.8% YoY

Net Income

-$72M

EPS (Diluted)

-$0.27

Free Cash Flow

-$115M

Revenue / Share

$1.08

Gross Margin

22.8%

Operating Margin

17.4%

Net Margin

-28.0%

FCF Margin

-44.6%

P/S

2.5x

P/E

—

Earnings Reports

Q3 2026

Feb 17, 2026

$93M+218.6%EPS -$0.38

Q2 2026

Nov 17, 2025

$87M+285.3%EPS -$0.07

Q1 2026

Aug 14, 2025

$46MEPS $0.18

FY 2025

Jun 26, 2025

$115MEPS -$0.02

Q4 2025

Jun 26, 2025

$31MEPS $0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$5M	$4M	$3M
Q4 20	$5M	$4M	$3M
Q1 21	$7M	$3M	$1M
Q2 21	$13M	$9M	$9M
Q1 22	$39M	$33M	$29M
Q3 22	$69M	$62M	$58M
Q3 23	$14M	$4M	-$2M
Q1 24	$24M	$8M	$3M
Q2 24	$23M	$5M	-$3M
Q3 24	$31M	$11M	$7M
Q2 25	$23M	$1M	-$4M
Q3 25	$29M	$6M	-$2M
Q4 25	$31M	$6M	$2M
Q1 26	$46M	$16M	$36M
Q2 26	$87M	$4M	-$9M
Q3 26	$93M	$32M	$17M

Valuation

Quarter	P/S	P/E
Q3 20	21.4x	—
Q4 20	22.1x	—
Q1 21	24.2x	—
Q2 21	21.7x	42.2x
Q1 22	10.1x	18.2x
Q3 22	5.1x	7.5x
Q3 23	4.8x	—
Q1 24	4.4x	—
Q2 24	5.0x	—
Q3 24	7.0x	—
Q2 25	6.4x	—
Q3 25	6.1x	—
Q4 25	5.7x	—
Q1 26	5.0x	22.5x
Q2 26	3.3x	31.3x
Q3 26	2.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$2M	-$2M
Q4 20	$2M	$106.2K
Q1 21	$516.2K	-$2M
Q2 21	$5M	$5M
Q1 22	$5M	-$19M
Q3 22	$29M	-$38M
Q3 23	-$35M	-$61M
Q1 24	$16M	$153.0K
Q2 24	$5M	-$5M
Q3 24	$12M	-$26M
Q2 25	-$1M	-$21M
Q3 25	-$19M	-$90M
Q4 25	$40M	-$30M
Q1 26	$10M	-$37M
Q2 26	-$11M	-$39M
Q3 26	$46M	-$9M

Capital Expenditures

Quarter	CapEx
Q3 20	$0
Q4 20	$2M
Q1 21	$2M
Q2 21	$412.4K
Q1 22	$24M
Q3 22	$67M
Q3 23	$26M
Q1 24	$16M
Q2 24	$10M
Q3 24	$38M
Q2 25	$20M
Q3 25	$71M
Q4 25	$70M
Q1 26	$47M
Q2 26	$28M
Q3 26	$55M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	-40.8%	-80.7%
Q4 20	-15.2%	-62.2%
Q1 21	-27.9%	-25.5%
Q2 21	+32.0%	-67.9%
Q1 22	+679.0%	+335.5%
Q3 22	+1211.0%	+313.8%
Q3 23	+117.6%	+209.9%
Q1 24	+81.4%	+352.5%
Q2 24	-41.6%	+150.3%
Q3 24	-54.6%	+119.0%
Q2 25	+58.2%	+64.1%
Q3 25	+24.0%	+54.3%
Q4 25	+36.9%	+15.0%
Q1 26	+45.9%	-58.9%
Q2 26	+285.3%	+255.8%
Q3 26	+218.6%	+144.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$62.2K	1.2%
Q4 20	$315.5K	6.0%
Q1 21	$396.0K	6.0%
Q2 21	$514.4K	4.0%
Q1 22	$2M	6.0%
Q3 22	$2M	2.4%
Q3 23	$0	0.0%
Q1 24	$2M	8.4%
Q2 24	$4M	17.8%
Q3 24	$633.0K	2.0%
Q2 25	$2M	9.9%
Q3 25	$4M	12.1%
Q4 25	$5M	14.9%
Q1 26	$6M	12.6%
Q2 26	$5M	6.3%
Q3 26	$7M	7.5%

OpEx Breakdown

Quarter	G&A	S&M
Q3 20	$1M	$62.2K
Q4 20	$1M	$27.5K
Q1 21	$1M	$37.7K
Q2 21	$698.1K	—
Q1 22	$4M	$84.7K
Q3 22	$5M	—
Q3 23	$5M	$312.0K
Q1 24	$4M	$307.0K
Q2 24	$7M	$331.0K
Q3 24	$4M	$319.0K
Q2 25	$5M	$563.0K
Q3 25	$8M	$519.0K
Q4 25	$9M	$692.0K
Q1 26	$11M	$514.0K
Q2 26	$13M	$567.0K
Q3 26	$15M	$686.0K

Revenue Segments

Quarter

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$5M	$187M	$192M
Q1 23	$4M	$79M	$83M
Q2 23	$8M	$71M	$79M
Q3 23	$9M	$44M	$53M
Q4 23	$4M	$69M	$73M
Q1 24	$5M	$2M	$7M
Q2 24	$5M	$2M	$7M
Q3 24	$18M	$7M	$25M
Q4 24	$10M	$7M	$17M
Q1 25	$26M	$169M	$195M
Q2 25	$7M	$24M	$32M
Q3 25	$10M	$31M	$41M
Q4 25	$23M	$24M	$48M
Q1 26	$25M	$34M	$58M
Q2 26	$23M	$26M	$48M
Q3 26	$14M	$12M	$26M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	65M	+0.0%	+4.2%
Q4 20	65M	+0.0%	+2.1%
Q1 21	75M	+15.0%	+11.1%
Q2 21	71M	-5.6%	+8.6%
Q1 22	79M	+11.5%	+21.1%
Q3 22	82M	+4.1%	+26.0%
Q3 23	83M	+0.4%	+9.9%
Q1 24	84M	+1.8%	+18.5%
Q2 24	85M	+1.0%	+7.4%
Q3 24	88M	+3.8%	+7.1%
Q2 25	119M	+34.4%	+43.4%
Q3 25	132M	+10.9%	+56.2%
Q4 25	154M	+16.9%	+80.8%
Q1 26	193M	+25.4%	+118.5%
Q2 26	228M	+18.3%	+92.4%
Q3 26	239M	+4.8%	+81.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$8.8K	569
Q4 20	$9.2K	569
Q1 21	$11.6K	569
Q2 21	$22.8K	569
Q1 22	$68.5K	569
Q3 22	$121.0K	569
Q3 23	$25.2K	569
Q1 24	$41.4K	569
Q2 24	$40.0K	569
Q3 24	$54.9K	569
Q2 25	$39.8K	569
Q3 25	$51.4K	569
Q4 25	$54.8K	569
Q1 26	$80.2K	569
Q2 26	$153.3K	569
Q3 26	$163.6K	569

Revenue / Employee