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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) 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 $89.5M, roughly 1.0× Commerce.com, Inc.). Commerce.com, Inc. runs the higher net margin — -9.3% vs -98.1%, a 88.7% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 2.9%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 5.5%).
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
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.
CMRC vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $93.1M |
| Net Profit | $-8.4M | $-91.3M |
| Gross Margin | 78.3% | -27.1% |
| Operating Margin | -7.4% | — |
| Net Margin | -9.3% | -98.1% |
| Revenue YoY | 2.9% | 218.6% |
| Net Profit YoY | -250.0% | -234.0% |
| EPS (diluted) | $-0.11 | $-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 | $89.5M | $93.1M | ||
| Q3 25 | $86.0M | $87.3M | ||
| Q2 25 | $84.4M | $45.6M | ||
| Q1 25 | $82.4M | — | ||
| Q4 24 | $87.0M | $29.2M | ||
| Q3 24 | $83.7M | $22.6M | ||
| Q2 24 | $81.8M | $32.2M | ||
| Q1 24 | $80.4M | — |
| Q4 25 | $-8.4M | $-91.3M | ||
| Q3 25 | $-2.2M | $-15.8M | ||
| Q2 25 | $-8.4M | $35.0M | ||
| Q1 25 | $-353.0K | — | ||
| Q4 24 | $-2.4M | $68.2M | ||
| Q3 24 | $-7.0M | $80.0K | ||
| Q2 24 | $-11.3M | $-18.3M | ||
| Q1 24 | $-6.4M | — |
| Q4 25 | 78.3% | -27.1% | ||
| Q3 25 | 78.4% | 4.7% | ||
| Q2 25 | 79.0% | -13.6% | ||
| Q1 25 | 79.4% | — | ||
| Q4 24 | 77.6% | -43.7% | ||
| Q3 24 | 76.3% | -66.1% | ||
| Q2 24 | 75.8% | -7.4% | ||
| Q1 24 | 77.1% | — |
| Q4 25 | -7.4% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | -8.0% | — | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | — | ||
| Q2 24 | -16.5% | — | ||
| Q1 24 | -10.2% | — |
| Q4 25 | -9.3% | -98.1% | ||
| Q3 25 | -2.6% | -18.1% | ||
| Q2 25 | -9.9% | 76.8% | ||
| Q1 25 | -0.4% | — | ||
| Q4 24 | -2.7% | 233.2% | ||
| Q3 24 | -8.4% | 0.4% | ||
| Q2 24 | -13.8% | -56.7% | ||
| Q1 24 | -8.0% | — |
| Q4 25 | $-0.11 | $-0.38 | ||
| Q3 25 | $-0.03 | $-0.07 | ||
| Q2 25 | $-0.10 | $0.18 | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.03 | $0.52 | ||
| Q3 24 | $-0.09 | $0.00 | ||
| Q2 24 | $-0.15 | $-0.17 | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | — |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $559.3M |
| Total Assets | $308.8M | $624.0M |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | — | ||
| Q3 25 | $142.0M | — | ||
| Q2 25 | $134.5M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $178.2M | $40.5M | ||
| Q3 24 | $168.4M | $31.7M | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $265.2M | — |
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
| Q4 25 | $39.4M | $559.3M | ||
| Q3 25 | $42.8M | $624.6M | ||
| Q2 25 | $38.8M | $560.5M | ||
| Q1 25 | $38.1M | — | ||
| Q4 24 | $33.4M | $430.9M | ||
| Q3 24 | $29.0M | $275.5M | ||
| Q2 24 | $26.1M | $268.6M | ||
| Q1 24 | $26.9M | — |
| Q4 25 | $308.8M | $624.0M | ||
| Q3 25 | $309.5M | $693.0M | ||
| Q2 25 | $302.5M | $628.7M | ||
| Q1 25 | $286.3M | — | ||
| Q4 24 | $340.3M | $478.6M | ||
| Q3 24 | $335.1M | $334.7M | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $442.5M | — |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
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 | $980.0K | $46.0M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $46.0M | ||
| Q3 25 | $10.6M | $-10.6M | ||
| Q2 25 | $13.6M | $10.2M | ||
| Q1 25 | $401.0K | — | ||
| Q4 24 | $12.4M | $-28.5M | ||
| Q3 24 | $5.6M | $-2.2M | ||
| Q2 24 | $11.7M | $-4.4M | ||
| Q1 24 | $-3.4M | — |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | $-424.0K | — | ||
| Q4 24 | $11.6M | $-55.5M | ||
| Q3 24 | $4.5M | $-34.7M | ||
| Q2 24 | $10.7M | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | -0.5% | — | ||
| Q4 24 | 13.3% | -189.9% | ||
| Q3 24 | 5.4% | -153.4% | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.9% | 92.5% | ||
| Q3 24 | 1.3% | 143.9% | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 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
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
HIVE
Segment breakdown not available.
