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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.
HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $71.7M, roughly 1.3× Adaptive Biotechnologies Corp). Adaptive Biotechnologies Corp runs the higher net margin — -18.9% vs -98.1%, a 79.1% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 51.0%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 30.8%).
ExpreS2ion Biotechnologies is a Danish biotechnology company specialised in the development of new vaccines and immunotherapy products based in Hørsholm, Denmark and listed on the Nasdaq First North Growth Market Sweden.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ADPT vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $71.7M | $93.1M |
| Net Profit | $-13.6M | $-91.3M |
| Gross Margin | 74.6% | -27.1% |
| Operating Margin | -17.8% | — |
| Net Margin | -18.9% | -98.1% |
| Revenue YoY | 51.0% | 218.6% |
| Net Profit YoY | 59.7% | -234.0% |
| EPS (diluted) | $-0.08 | $-0.38 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $71.7M | $93.1M | ||
| Q3 25 | $94.0M | $87.3M | ||
| Q2 25 | $58.9M | $45.6M | ||
| Q1 25 | $52.4M | — | ||
| Q4 24 | $47.5M | $29.2M | ||
| Q3 24 | $46.4M | $22.6M | ||
| Q2 24 | $43.2M | $32.2M | ||
| Q1 24 | $41.9M | — |
| Q4 25 | $-13.6M | $-91.3M | ||
| Q3 25 | $9.5M | $-15.8M | ||
| Q2 25 | $-25.6M | $35.0M | ||
| Q1 25 | $-29.9M | — | ||
| Q4 24 | $-33.7M | $68.2M | ||
| Q3 24 | $-32.1M | $80.0K | ||
| Q2 24 | $-46.2M | $-18.3M | ||
| Q1 24 | $-47.5M | — |
| Q4 25 | 74.6% | -27.1% | ||
| Q3 25 | 80.7% | 4.7% | ||
| Q2 25 | 69.4% | -13.6% | ||
| Q1 25 | 67.6% | — | ||
| Q4 24 | 62.0% | -43.7% | ||
| Q3 24 | 64.1% | -66.1% | ||
| Q2 24 | 55.3% | -7.4% | ||
| Q1 24 | 56.9% | — |
| Q4 25 | -17.8% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | -42.5% | — | ||
| Q1 25 | -56.4% | — | ||
| Q4 24 | -71.3% | — | ||
| Q3 24 | -70.3% | — | ||
| Q2 24 | -109.6% | — | ||
| Q1 24 | -116.5% | — |
| Q4 25 | -18.9% | -98.1% | ||
| Q3 25 | 10.2% | -18.1% | ||
| Q2 25 | -43.5% | 76.8% | ||
| Q1 25 | -56.9% | — | ||
| Q4 24 | -71.0% | 233.2% | ||
| Q3 24 | -69.1% | 0.4% | ||
| Q2 24 | -107.0% | -56.7% | ||
| Q1 24 | -113.5% | — |
| Q4 25 | $-0.08 | $-0.38 | ||
| Q3 25 | $0.06 | $-0.07 | ||
| Q2 25 | $-0.17 | $0.18 | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $-0.22 | $0.52 | ||
| Q3 24 | $-0.22 | $0.00 | ||
| Q2 24 | $-0.31 | $-0.17 | ||
| Q1 24 | $-0.33 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $70.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $218.8M | $559.3M |
| Total Assets | $512.7M | $624.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.5M | — | ||
| Q3 25 | $55.0M | — | ||
| Q2 25 | $43.2M | — | ||
| Q1 25 | $50.6M | — | ||
| Q4 24 | $47.9M | $40.5M | ||
| Q3 24 | $38.1M | $31.7M | ||
| Q2 24 | $59.8M | — | ||
| Q1 24 | $71.2M | — |
| Q4 25 | $218.8M | $559.3M | ||
| Q3 25 | $204.4M | $624.6M | ||
| Q2 25 | $179.7M | $560.5M | ||
| Q1 25 | $190.4M | — | ||
| Q4 24 | $202.7M | $430.9M | ||
| Q3 24 | $223.8M | $275.5M | ||
| Q2 24 | $241.6M | $268.6M | ||
| Q1 24 | $274.9M | — |
| Q4 25 | $512.7M | $624.0M | ||
| Q3 25 | $490.6M | $693.0M | ||
| Q2 25 | $496.6M | $628.7M | ||
| Q1 25 | $510.9M | — | ||
| Q4 24 | $539.4M | $478.6M | ||
| Q3 24 | $558.5M | $334.7M | ||
| Q2 24 | $584.9M | — | ||
| Q1 24 | $620.3M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.1M | $46.0M |
| Free Cash FlowOCF − Capex | $1.4M | — |
| FCF MarginFCF / Revenue | 2.0% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-48.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1M | $46.0M | ||
| Q3 25 | $-7.1M | $-10.6M | ||
| Q2 25 | $-12.4M | $10.2M | ||
| Q1 25 | $-28.5M | — | ||
| Q4 24 | $-12.5M | $-28.5M | ||
| Q3 24 | $-27.1M | $-2.2M | ||
| Q2 24 | $-17.3M | $-4.4M | ||
| Q1 24 | $-38.4M | — |
| Q4 25 | $1.4M | — | ||
| Q3 25 | $-7.5M | — | ||
| Q2 25 | $-13.1M | — | ||
| Q1 25 | $-29.7M | — | ||
| Q4 24 | $-12.6M | $-55.5M | ||
| Q3 24 | $-27.4M | $-34.7M | ||
| Q2 24 | $-19.0M | — | ||
| Q1 24 | $-39.9M | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | -8.0% | — | ||
| Q2 25 | -22.2% | — | ||
| Q1 25 | -56.7% | — | ||
| Q4 24 | -26.5% | -189.9% | ||
| Q3 24 | -59.0% | -153.4% | ||
| Q2 24 | -44.1% | — | ||
| Q1 24 | -95.2% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 0.2% | 92.5% | ||
| Q3 24 | 0.7% | 143.9% | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | -0.75× | — | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.42× | ||
| Q3 24 | — | -26.94× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADPT
| Mrd Business Segment | $61.9M | 86% |
| Immune Medicine Business | $9.8M | 14% |
| Immune Medicine Service Revenue | $100.0K | 0% |
HIVE
Segment breakdown not available.
