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Side-by-side financial comparison of BLACKLINE, INC. (BL) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $93.1M, roughly 2.0× HIVE Digital Technologies Ltd.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -98.1%, a 100.8% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 8.1%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 7.9%).
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
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.
BL vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $93.1M |
| Net Profit | $4.9M | $-91.3M |
| Gross Margin | 75.2% | -27.1% |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | -98.1% |
| Revenue YoY | 8.1% | 218.6% |
| Net Profit YoY | -91.3% | -234.0% |
| EPS (diluted) | $0.07 | $-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 | $183.2M | $93.1M | ||
| Q3 25 | $178.3M | $87.3M | ||
| Q2 25 | $172.0M | $45.6M | ||
| Q1 25 | $166.9M | — | ||
| Q4 24 | $169.5M | $29.2M | ||
| Q3 24 | $165.9M | $22.6M | ||
| Q2 24 | $160.5M | $32.2M | ||
| Q1 24 | $157.5M | — |
| Q4 25 | $4.9M | $-91.3M | ||
| Q3 25 | $5.3M | $-15.8M | ||
| Q2 25 | $8.3M | $35.0M | ||
| Q1 25 | $6.1M | — | ||
| Q4 24 | $56.4M | $68.2M | ||
| Q3 24 | $17.2M | $80.0K | ||
| Q2 24 | $76.7M | $-18.3M | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 75.2% | -27.1% | ||
| Q3 25 | 75.1% | 4.7% | ||
| Q2 25 | 75.2% | -13.6% | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | -43.7% | ||
| Q3 24 | 75.2% | -66.1% | ||
| Q2 24 | 74.9% | -7.4% | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 2.7% | -98.1% | ||
| Q3 25 | 3.0% | -18.1% | ||
| Q2 25 | 4.8% | 76.8% | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 33.3% | 233.2% | ||
| Q3 24 | 10.4% | 0.4% | ||
| Q2 24 | 47.8% | -56.7% | ||
| Q1 24 | 6.9% | — |
| Q4 25 | $0.07 | $-0.38 | ||
| Q3 25 | $0.09 | $-0.07 | ||
| Q2 25 | $0.13 | $0.18 | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.79 | $0.52 | ||
| Q3 24 | $0.27 | $0.00 | ||
| Q2 24 | $0.22 | $-0.17 | ||
| Q1 24 | $0.17 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $390.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $559.3M |
| Total Assets | $1.8B | $624.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $885.9M | $40.5M | ||
| Q3 24 | $725.3M | $31.7M | ||
| Q2 24 | $616.6M | — | ||
| Q1 24 | $331.4M | — |
| Q4 25 | $332.3M | $559.3M | ||
| Q3 25 | $328.3M | $624.6M | ||
| Q2 25 | $414.0M | $560.5M | ||
| Q1 25 | $417.9M | — | ||
| Q4 24 | $446.7M | $430.9M | ||
| Q3 24 | $367.9M | $275.5M | ||
| Q2 24 | $325.8M | $268.6M | ||
| Q1 24 | $279.8M | — |
| Q4 25 | $1.8B | $624.0M | ||
| Q3 25 | $1.7B | $693.0M | ||
| Q2 25 | $1.8B | $628.7M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $478.6M | ||
| Q3 24 | $1.7B | $334.7M | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
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 | $26.7M | $46.0M |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $46.0M | ||
| Q3 25 | $63.8M | $-10.6M | ||
| Q2 25 | $32.3M | $10.2M | ||
| Q1 25 | $46.7M | — | ||
| Q4 24 | $43.8M | $-28.5M | ||
| Q3 24 | $55.9M | $-2.2M | ||
| Q2 24 | $40.7M | $-4.4M | ||
| Q1 24 | $50.4M | — |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $43.0M | $-55.5M | ||
| Q3 24 | $55.5M | $-34.7M | ||
| Q2 24 | $40.0M | — | ||
| Q1 24 | $50.1M | — |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 25.4% | -189.9% | ||
| Q3 24 | 33.5% | -153.4% | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 0.4% | 92.5% | ||
| Q3 24 | 0.2% | 143.9% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | 0.29× | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | -0.42× | ||
| Q3 24 | 3.24× | -26.94× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
HIVE
Segment breakdown not available.
