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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) 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 $71.0M, roughly 1.3× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs -98.1%, a 109.0% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.3× larger
HIVE
$93.1M
$71.0M
CHR
Growing faster (revenue YoY)
HIVE
HIVE
+218.6% gap
HIVE
218.6%
-0.1%
CHR
Higher net margin
CHR
CHR
109.0% more per $
CHR
10.9%
-98.1%
HIVE

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
CHR
CHR
HIVE
HIVE
Revenue
$71.0M
$93.1M
Net Profit
$7.8M
$-91.3M
Gross Margin
70.7%
-27.1%
Operating Margin
11.7%
Net Margin
10.9%
-98.1%
Revenue YoY
-0.1%
218.6%
Net Profit YoY
-37.5%
-234.0%
EPS (diluted)
$0.67
$-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
CHR
CHR
HIVE
HIVE
Q4 25
$93.1M
Q3 25
$87.3M
Q2 25
$71.0M
$45.6M
Q4 24
$29.2M
Q3 24
$22.6M
Q2 24
$71.1M
$32.2M
Q4 23
$22.8M
Net Profit
CHR
CHR
HIVE
HIVE
Q4 25
$-91.3M
Q3 25
$-15.8M
Q2 25
$7.8M
$35.0M
Q4 24
$68.2M
Q3 24
$80.0K
Q2 24
$12.4M
$-18.3M
Q4 23
$-24.5M
Gross Margin
CHR
CHR
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
70.7%
-13.6%
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
73.4%
-7.4%
Q4 23
-52.3%
Operating Margin
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
11.7%
Q4 24
Q3 24
Q2 24
16.4%
Q4 23
Net Margin
CHR
CHR
HIVE
HIVE
Q4 25
-98.1%
Q3 25
-18.1%
Q2 25
10.9%
76.8%
Q4 24
233.2%
Q3 24
0.4%
Q2 24
17.5%
-56.7%
Q4 23
-107.8%
EPS (diluted)
CHR
CHR
HIVE
HIVE
Q4 25
$-0.38
Q3 25
$-0.07
Q2 25
$0.67
$0.18
Q4 24
$0.52
Q3 24
$0.00
Q2 24
$1.23
$-0.17
Q4 23
$-0.29

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$559.3M
Total Assets
$362.7M
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
$186.1M
Q4 23
$4.5M
Stockholders' Equity
CHR
CHR
HIVE
HIVE
Q4 25
$559.3M
Q3 25
$624.6M
Q2 25
$322.1M
$560.5M
Q4 24
$430.9M
Q3 24
$275.5M
Q2 24
$286.1M
$268.6M
Q4 23
$122.9M
Total Assets
CHR
CHR
HIVE
HIVE
Q4 25
$624.0M
Q3 25
$693.0M
Q2 25
$362.7M
$628.7M
Q4 24
$478.6M
Q3 24
$334.7M
Q2 24
$333.2M
Q4 23

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
HIVE
HIVE
Operating Cash FlowLast quarter
$3.9M
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
HIVE
HIVE
Q4 25
$46.0M
Q3 25
$-10.6M
Q2 25
$3.9M
$10.2M
Q4 24
$-28.5M
Q3 24
$-2.2M
Q2 24
$-6.7M
$-4.4M
Q4 23
Free Cash Flow
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q4 23
FCF Margin
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q4 23
Capex Intensity
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q4 23
Cash Conversion
CHR
CHR
HIVE
HIVE
Q4 25
Q3 25
Q2 25
0.51×
0.29×
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24
-0.54×
Q4 23

Financial Flow Comparison

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

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