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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) 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 $58.8M, roughly 1.6× CBAK Energy Technology, Inc.). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -98.1%, a 85.5% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 131.8%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -0.0%).
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
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.
CBAT vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $93.1M |
| Net Profit | $-7.4M | $-91.3M |
| Gross Margin | 7.3% | -27.1% |
| Operating Margin | -13.6% | — |
| Net Margin | -12.5% | -98.1% |
| Revenue YoY | 131.8% | 218.6% |
| Net Profit YoY | -63.6% | -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 | $58.8M | $93.1M | ||
| Q3 25 | $60.9M | $87.3M | ||
| Q2 25 | $40.5M | $45.6M | ||
| Q1 25 | $34.9M | — | ||
| Q4 24 | $25.4M | $29.2M | ||
| Q3 24 | $44.6M | $22.6M | ||
| Q2 24 | $47.8M | $32.2M | ||
| Q1 24 | $58.8M | — |
| Q4 25 | $-7.4M | $-91.3M | ||
| Q3 25 | $2.7M | $-15.8M | ||
| Q2 25 | $-3.1M | $35.0M | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $-4.5M | $68.2M | ||
| Q3 24 | $17.6K | $80.0K | ||
| Q2 24 | $6.4M | $-18.3M | ||
| Q1 24 | $9.8M | — |
| Q4 25 | 7.3% | -27.1% | ||
| Q3 25 | 8.0% | 4.7% | ||
| Q2 25 | 11.0% | -13.6% | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 13.1% | -43.7% | ||
| Q3 24 | 15.6% | -66.1% | ||
| Q2 24 | 26.6% | -7.4% | ||
| Q1 24 | 31.9% | — |
| Q4 25 | -13.6% | — | ||
| Q3 25 | -6.6% | — | ||
| Q2 25 | -8.7% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -26.0% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 17.4% | — |
| Q4 25 | -12.5% | -98.1% | ||
| Q3 25 | 4.4% | -18.1% | ||
| Q2 25 | -7.6% | 76.8% | ||
| Q1 25 | -4.5% | — | ||
| Q4 24 | -17.8% | 233.2% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 13.5% | -56.7% | ||
| Q1 24 | 16.7% | — |
| Q4 25 | $-0.08 | $-0.38 | ||
| Q3 25 | $0.03 | $-0.07 | ||
| Q2 25 | $-0.03 | $0.18 | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.05 | $0.52 | ||
| Q3 24 | $0.00 | $0.00 | ||
| Q2 24 | $0.07 | $-0.17 | ||
| Q1 24 | $0.11 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3M | — |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $559.3M |
| Total Assets | $426.2M | $624.0M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $45.7M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $11.0M | $40.5M | ||
| Q3 24 | $24.2M | $31.7M | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $559.3M | ||
| Q3 25 | $121.4M | $624.6M | ||
| Q2 25 | $118.2M | $560.5M | ||
| Q1 25 | $120.8M | — | ||
| Q4 24 | $121.7M | $430.9M | ||
| Q3 24 | $131.2M | $275.5M | ||
| Q2 24 | $126.6M | $268.6M | ||
| Q1 24 | $120.9M | — |
| Q4 25 | $426.2M | $624.0M | ||
| Q3 25 | $363.9M | $693.0M | ||
| Q2 25 | $333.1M | $628.7M | ||
| Q1 25 | $311.5M | — | ||
| Q4 24 | $302.2M | $478.6M | ||
| Q3 24 | $293.5M | $334.7M | ||
| Q2 24 | $279.6M | — | ||
| Q1 24 | $286.5M | — |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.8M | $46.0M |
| Free Cash FlowOCF − Capex | $16.1M | — |
| FCF MarginFCF / Revenue | 27.3% | — |
| Capex IntensityCapex / Revenue | 23.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $46.0M | ||
| Q3 25 | $14.6M | $-10.6M | ||
| Q2 25 | $13.8M | $10.2M | ||
| Q1 25 | $-9.6M | — | ||
| Q4 24 | $9.6M | $-28.5M | ||
| Q3 24 | $19.7M | $-2.2M | ||
| Q2 24 | $2.9M | $-4.4M | ||
| Q1 24 | $7.4M | — |
| Q4 25 | $16.1M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $-22.3M | — | ||
| Q4 24 | $3.9M | $-55.5M | ||
| Q3 24 | $16.5M | $-34.7M | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $-454.0K | — |
| Q4 25 | 27.3% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -63.9% | — | ||
| Q4 24 | 15.5% | -189.9% | ||
| Q3 24 | 37.1% | -153.4% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -0.8% | — |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 22.5% | 92.5% | ||
| Q3 24 | 7.0% | 143.9% | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 13.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.42× | ||
| Q3 24 | 1115.72× | -26.94× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
HIVE
Segment breakdown not available.
