vs

Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) 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 $64.6M, roughly 1.4× ESTABLISHMENT LABS HOLDINGS INC.). On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 45.2%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 31.9%).

Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.

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.

ESTA vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.4× larger
HIVE
$93.1M
$64.6M
ESTA
Growing faster (revenue YoY)
HIVE
HIVE
+173.4% gap
HIVE
218.6%
45.2%
ESTA
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
31.9%
ESTA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ESTA
ESTA
HIVE
HIVE
Revenue
$64.6M
$93.1M
Net Profit
$-91.3M
Gross Margin
70.5%
-27.1%
Operating Margin
-6.1%
Net Margin
-98.1%
Revenue YoY
45.2%
218.6%
Net Profit YoY
-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.

Revenue
ESTA
ESTA
HIVE
HIVE
Q4 25
$64.6M
$93.1M
Q3 25
$53.8M
$87.3M
Q2 25
$51.3M
$45.6M
Q1 25
$41.4M
Q4 24
$44.5M
$29.2M
Q3 24
$40.2M
$22.6M
Q2 24
$44.1M
$32.2M
Q1 24
$37.2M
Net Profit
ESTA
ESTA
HIVE
HIVE
Q4 25
$-91.3M
Q3 25
$-11.1M
$-15.8M
Q2 25
$-16.6M
$35.0M
Q1 25
$-20.7M
Q4 24
$68.2M
Q3 24
$-16.7M
$80.0K
Q2 24
$-17.2M
$-18.3M
Q1 24
$-16.2M
Gross Margin
ESTA
ESTA
HIVE
HIVE
Q4 25
70.5%
-27.1%
Q3 25
70.1%
4.7%
Q2 25
68.8%
-13.6%
Q1 25
67.2%
Q4 24
68.5%
-43.7%
Q3 24
63.9%
-66.1%
Q2 24
65.6%
-7.4%
Q1 24
65.6%
Operating Margin
ESTA
ESTA
HIVE
HIVE
Q4 25
-6.1%
Q3 25
-7.5%
Q2 25
-27.5%
Q1 25
-41.0%
Q4 24
-41.9%
Q3 24
-32.7%
Q2 24
-21.2%
Q1 24
-23.8%
Net Margin
ESTA
ESTA
HIVE
HIVE
Q4 25
-98.1%
Q3 25
-20.7%
-18.1%
Q2 25
-32.3%
76.8%
Q1 25
-50.1%
Q4 24
233.2%
Q3 24
-41.5%
0.4%
Q2 24
-38.9%
-56.7%
Q1 24
-43.6%
EPS (diluted)
ESTA
ESTA
HIVE
HIVE
Q4 25
$-0.07
$-0.38
Q3 25
$-0.38
$-0.07
Q2 25
$-0.57
$0.18
Q1 25
$-0.70
Q4 24
$-1.21
$0.52
Q3 24
$-0.59
$0.00
Q2 24
$-0.62
$-0.17
Q1 24
$-0.58

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$75.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$559.3M
Total Assets
$357.2M
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
HIVE
HIVE
Q4 25
$75.6M
Q3 25
$70.6M
Q2 25
$54.6M
Q1 25
$69.2M
Q4 24
$90.3M
$40.5M
Q3 24
$31.7M
Q2 24
Q1 24
Total Debt
ESTA
ESTA
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
HIVE
HIVE
Q4 25
$23.5M
$559.3M
Q3 25
$16.4M
$624.6M
Q2 25
$22.8M
$560.5M
Q1 25
$38.5M
Q4 24
$53.1M
$430.9M
Q3 24
$32.7M
$275.5M
Q2 24
$45.0M
$268.6M
Q1 24
$56.9M
Total Assets
ESTA
ESTA
HIVE
HIVE
Q4 25
$357.2M
$624.0M
Q3 25
$338.9M
$693.0M
Q2 25
$329.7M
$628.7M
Q1 25
$333.4M
Q4 24
$346.8M
$478.6M
Q3 24
$282.7M
$334.7M
Q2 24
$285.1M
Q1 24
$301.8M
Debt / Equity
ESTA
ESTA
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
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
ESTA
ESTA
HIVE
HIVE
Operating Cash FlowLast quarter
$-162.0K
$46.0M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
HIVE
HIVE
Q4 25
$-162.0K
$46.0M
Q3 25
$-11.3M
$-10.6M
Q2 25
$-18.8M
$10.2M
Q1 25
$-20.7M
Q4 24
$-20.7M
$-28.5M
Q3 24
$-12.5M
$-2.2M
Q2 24
$-14.2M
$-4.4M
Q1 24
$-11.2M
Free Cash Flow
ESTA
ESTA
HIVE
HIVE
Q4 25
$-2.0M
Q3 25
$-13.1M
Q2 25
$-20.4M
Q1 25
$-21.5M
Q4 24
$-21.3M
$-55.5M
Q3 24
$-13.9M
$-34.7M
Q2 24
$-15.0M
Q1 24
$-14.5M
FCF Margin
ESTA
ESTA
HIVE
HIVE
Q4 25
-3.1%
Q3 25
-24.4%
Q2 25
-39.7%
Q1 25
-51.9%
Q4 24
-47.8%
-189.9%
Q3 24
-34.6%
-153.4%
Q2 24
-33.9%
Q1 24
-38.9%
Capex Intensity
ESTA
ESTA
HIVE
HIVE
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.2%
Q1 25
1.8%
Q4 24
1.2%
92.5%
Q3 24
3.7%
143.9%
Q2 24
1.8%
Q1 24
8.9%
Cash Conversion
ESTA
ESTA
HIVE
HIVE
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.

Related Comparisons