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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.

ARDELYX, INC. is the larger business by last-quarter revenue ($94.5M vs $93.1M, roughly 1.0× HIVE Digital Technologies Ltd.). ARDELYX, INC. runs the higher net margin — -39.8% vs -98.1%, a 58.3% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 27.5%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 13.6%).

Ardelyx, Inc. is a commercial-stage biopharmaceutical firm developing and commercializing innovative therapies for gastrointestinal, cardiorenal and metabolic diseases with high unmet medical needs. Its lead product is approved in the US for irritable bowel syndrome with constipation, and it holds a robust pipeline of early and late-stage drug candidates.

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.

ARDX vs HIVE — Head-to-Head

Bigger by revenue
ARDX
ARDX
1.0× larger
ARDX
$94.5M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+191.1% gap
HIVE
218.6%
27.5%
ARDX
Higher net margin
ARDX
ARDX
58.3% more per $
ARDX
-39.8%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
13.6%
ARDX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ARDX
ARDX
HIVE
HIVE
Revenue
$94.5M
$93.1M
Net Profit
$-37.6M
$-91.3M
Gross Margin
-27.1%
Operating Margin
Net Margin
-39.8%
-98.1%
Revenue YoY
27.5%
218.6%
Net Profit YoY
-234.0%
EPS (diluted)
$-0.15
$-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.

Revenue
ARDX
ARDX
HIVE
HIVE
Q1 26
$94.5M
Q4 25
$125.2M
$93.1M
Q3 25
$110.3M
$87.3M
Q2 25
$97.7M
$45.6M
Q1 25
$74.1M
Q4 24
$116.1M
$29.2M
Q3 24
$98.2M
$22.6M
Q2 24
$73.2M
$32.2M
Net Profit
ARDX
ARDX
HIVE
HIVE
Q1 26
$-37.6M
Q4 25
$-407.0K
$-91.3M
Q3 25
$-969.0K
$-15.8M
Q2 25
$-19.1M
$35.0M
Q1 25
$-41.1M
Q4 24
$4.6M
$68.2M
Q3 24
$-809.0K
$80.0K
Q2 24
$-16.5M
$-18.3M
Gross Margin
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
91.3%
-27.1%
Q3 25
96.4%
4.7%
Q2 25
87.3%
-13.6%
Q1 25
83.4%
Q4 24
84.3%
-43.7%
Q3 24
84.0%
-66.1%
Q2 24
87.1%
-7.4%
Operating Margin
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
4.1%
Q3 25
4.2%
Q2 25
-14.7%
Q1 25
-49.0%
Q4 24
7.0%
Q3 24
2.3%
Q2 24
-18.6%
Net Margin
ARDX
ARDX
HIVE
HIVE
Q1 26
-39.8%
Q4 25
-0.3%
-98.1%
Q3 25
-0.9%
-18.1%
Q2 25
-19.5%
76.8%
Q1 25
-55.5%
Q4 24
4.0%
233.2%
Q3 24
-0.8%
0.4%
Q2 24
-22.5%
-56.7%
EPS (diluted)
ARDX
ARDX
HIVE
HIVE
Q1 26
$-0.15
Q4 25
$-0.01
$-0.38
Q3 25
$0.00
$-0.07
Q2 25
$-0.08
$0.18
Q1 25
$-0.17
Q4 24
$0.01
$0.52
Q3 24
$0.00
$0.00
Q2 24
$-0.07
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARDX
ARDX
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
$203.5M
Stockholders' EquityBook value
$148.6M
$559.3M
Total Assets
$504.5M
$624.0M
Debt / EquityLower = less leverage
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
HIVE
HIVE
Q1 26
$238.1M
Q4 25
$68.0M
Q3 25
$42.7M
Q2 25
$90.0M
Q1 25
$30.8M
Q4 24
$64.9M
$40.5M
Q3 24
$47.4M
$31.7M
Q2 24
$41.9M
Total Debt
ARDX
ARDX
HIVE
HIVE
Q1 26
$203.5M
Q4 25
$202.8M
Q3 25
$202.1M
Q2 25
$201.4M
Q1 25
$151.3M
Q4 24
$150.9M
Q3 24
$100.7M
Q2 24
$100.2M
Stockholders' Equity
ARDX
ARDX
HIVE
HIVE
Q1 26
$148.6M
Q4 25
$166.9M
$559.3M
Q3 25
$154.3M
$624.6M
Q2 25
$139.5M
$560.5M
Q1 25
$145.7M
Q4 24
$173.3M
$430.9M
Q3 24
$158.3M
$275.5M
Q2 24
$147.0M
$268.6M
Total Assets
ARDX
ARDX
HIVE
HIVE
Q1 26
$504.5M
Q4 25
$501.6M
$624.0M
Q3 25
$486.2M
$693.0M
Q2 25
$466.8M
$628.7M
Q1 25
$410.2M
Q4 24
$435.8M
$478.6M
Q3 24
$367.9M
$334.7M
Q2 24
$343.5M
Debt / Equity
ARDX
ARDX
HIVE
HIVE
Q1 26
1.37×
Q4 25
1.21×
Q3 25
1.31×
Q2 25
1.44×
Q1 25
1.04×
Q4 24
0.87×
Q3 24
0.64×
Q2 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARDX
ARDX
HIVE
HIVE
Operating Cash FlowLast quarter
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
$21.0M
$46.0M
Q3 25
$365.0K
$-10.6M
Q2 25
$-25.3M
$10.2M
Q1 25
$-38.5M
Q4 24
$9.8M
$-28.5M
Q3 24
$501.0K
$-2.2M
Q2 24
$-19.4M
$-4.4M
Free Cash Flow
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
$20.6M
Q3 25
$209.0K
Q2 25
$-26.0M
Q1 25
$-38.8M
Q4 24
$9.2M
$-55.5M
Q3 24
$364.0K
$-34.7M
Q2 24
$-19.5M
FCF Margin
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
16.4%
Q3 25
0.2%
Q2 25
-26.6%
Q1 25
-52.3%
Q4 24
7.9%
-189.9%
Q3 24
0.4%
-153.4%
Q2 24
-26.7%
Capex Intensity
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.4%
Q4 24
0.5%
92.5%
Q3 24
0.1%
143.9%
Q2 24
0.2%
Cash Conversion
ARDX
ARDX
HIVE
HIVE
Q1 26
Q4 25
Q3 25
Q2 25
0.29×
Q1 25
Q4 24
2.11×
-0.42×
Q3 24
-26.94×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARDX
ARDX

IBSRELA$70.1M74%
XPHOZAH$23.3M25%
Non-cash royalty revenue related to the sale of future royalties$695.0K1%
Product supply revenue$354.0K0%

HIVE
HIVE

Segment breakdown not available.

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