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

Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $93.1M, roughly 1.5× HIVE Digital Technologies Ltd.). Arlo Technologies, Inc. runs the higher net margin — 4.1% vs -98.1%, a 102.2% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 16.2%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 6.7%).

Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.

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.

ARLO vs HIVE — Head-to-Head

Bigger by revenue
ARLO
ARLO
1.5× larger
ARLO
$141.3M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+202.3% gap
HIVE
218.6%
16.2%
ARLO
Higher net margin
ARLO
ARLO
102.2% more per $
ARLO
4.1%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
6.7%
ARLO

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARLO
ARLO
HIVE
HIVE
Revenue
$141.3M
$93.1M
Net Profit
$5.8M
$-91.3M
Gross Margin
46.4%
-27.1%
Operating Margin
3.3%
Net Margin
4.1%
-98.1%
Revenue YoY
16.2%
218.6%
Net Profit YoY
218.6%
-234.0%
EPS (diluted)
$0.06
$-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
ARLO
ARLO
HIVE
HIVE
Q4 25
$141.3M
$93.1M
Q3 25
$139.5M
$87.3M
Q2 25
$129.4M
$45.6M
Q1 25
$119.1M
Q4 24
$121.6M
$29.2M
Q3 24
$137.7M
$22.6M
Q2 24
$127.4M
$32.2M
Q1 24
$124.2M
Net Profit
ARLO
ARLO
HIVE
HIVE
Q4 25
$5.8M
$-91.3M
Q3 25
$6.9M
$-15.8M
Q2 25
$3.1M
$35.0M
Q1 25
$-835.0K
Q4 24
$-4.9M
$68.2M
Q3 24
$-4.4M
$80.0K
Q2 24
$-11.6M
$-18.3M
Q1 24
$-9.6M
Gross Margin
ARLO
ARLO
HIVE
HIVE
Q4 25
46.4%
-27.1%
Q3 25
40.5%
4.7%
Q2 25
44.9%
-13.6%
Q1 25
44.3%
Q4 24
36.9%
-43.7%
Q3 24
35.2%
-66.1%
Q2 24
36.8%
-7.4%
Q1 24
38.1%
Operating Margin
ARLO
ARLO
HIVE
HIVE
Q4 25
3.3%
Q3 25
0.6%
Q2 25
1.5%
Q1 25
-1.2%
Q4 24
-5.0%
Q3 24
-4.0%
Q2 24
-10.0%
Q1 24
-8.5%
Net Margin
ARLO
ARLO
HIVE
HIVE
Q4 25
4.1%
-98.1%
Q3 25
4.9%
-18.1%
Q2 25
2.4%
76.8%
Q1 25
-0.7%
Q4 24
-4.0%
233.2%
Q3 24
-3.2%
0.4%
Q2 24
-9.1%
-56.7%
Q1 24
-7.8%
EPS (diluted)
ARLO
ARLO
HIVE
HIVE
Q4 25
$0.06
$-0.38
Q3 25
$0.06
$-0.07
Q2 25
$0.03
$0.18
Q1 25
$-0.01
Q4 24
$-0.05
$0.52
Q3 24
$-0.04
$0.00
Q2 24
$-0.12
$-0.17
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
ARLO
ARLO
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$146.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.8M
$559.3M
Total Assets
$310.5M
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLO
ARLO
HIVE
HIVE
Q4 25
$146.4M
Q3 25
$86.0M
Q2 25
$71.2M
Q1 25
$84.0M
Q4 24
$82.0M
$40.5M
Q3 24
$77.0M
$31.7M
Q2 24
$62.9M
Q1 24
$62.1M
Stockholders' Equity
ARLO
ARLO
HIVE
HIVE
Q4 25
$127.8M
$559.3M
Q3 25
$129.2M
$624.6M
Q2 25
$118.3M
$560.5M
Q1 25
$103.4M
Q4 24
$100.9M
$430.9M
Q3 24
$96.9M
$275.5M
Q2 24
$99.3M
$268.6M
Q1 24
$99.9M
Total Assets
ARLO
ARLO
HIVE
HIVE
Q4 25
$310.5M
$624.0M
Q3 25
$350.9M
$693.0M
Q2 25
$319.7M
$628.7M
Q1 25
$296.6M
Q4 24
$298.4M
$478.6M
Q3 24
$312.4M
$334.7M
Q2 24
$295.8M
Q1 24
$289.8M

Cash Flow & Capital Efficiency

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

Metric
ARLO
ARLO
HIVE
HIVE
Operating Cash FlowLast quarter
$19.8M
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLO
ARLO
HIVE
HIVE
Q4 25
$19.8M
$46.0M
Q3 25
$19.2M
$-10.6M
Q2 25
$8.8M
$10.2M
Q1 25
$30.9M
Q4 24
$6.7M
$-28.5M
Q3 24
$18.4M
$-2.2M
Q2 24
$6.5M
$-4.4M
Q1 24
$19.8M
Free Cash Flow
ARLO
ARLO
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
$28.1M
Q4 24
$5.6M
$-55.5M
Q3 24
$17.4M
$-34.7M
Q2 24
$6.2M
Q1 24
$19.4M
FCF Margin
ARLO
ARLO
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
23.6%
Q4 24
4.6%
-189.9%
Q3 24
12.6%
-153.4%
Q2 24
4.8%
Q1 24
15.7%
Capex Intensity
ARLO
ARLO
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
2.4%
Q4 24
0.9%
92.5%
Q3 24
0.7%
143.9%
Q2 24
0.2%
Q1 24
0.3%
Cash Conversion
ARLO
ARLO
HIVE
HIVE
Q4 25
3.43×
Q3 25
2.79×
Q2 25
2.83×
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

ARLO
ARLO

Subscriptions And Services$89.4M63%
Products$51.9M37%

HIVE
HIVE

Segment breakdown not available.

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