vs

Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.5× Fluent, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -98.1%, a 91.4% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -5.5%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -3.2%).

THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.

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.

FLNT vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.5× larger
HIVE
$93.1M
$61.8M
FLNT
Growing faster (revenue YoY)
HIVE
HIVE
+224.0% gap
HIVE
218.6%
-5.5%
FLNT
Higher net margin
FLNT
FLNT
91.4% more per $
FLNT
-6.7%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-3.2%
FLNT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FLNT
FLNT
HIVE
HIVE
Revenue
$61.8M
$93.1M
Net Profit
$-4.1M
$-91.3M
Gross Margin
-27.1%
Operating Margin
0.3%
Net Margin
-6.7%
-98.1%
Revenue YoY
-5.5%
218.6%
Net Profit YoY
-20.1%
-234.0%
EPS (diluted)
$-0.09
$-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
FLNT
FLNT
HIVE
HIVE
Q4 25
$61.8M
$93.1M
Q3 25
$47.0M
$87.3M
Q2 25
$44.7M
$45.6M
Q1 25
$55.2M
Q4 24
$65.4M
$29.2M
Q3 24
$64.5M
$22.6M
Q2 24
$58.7M
$32.2M
Q1 24
$66.0M
Net Profit
FLNT
FLNT
HIVE
HIVE
Q4 25
$-4.1M
$-91.3M
Q3 25
$-7.6M
$-15.8M
Q2 25
$-7.2M
$35.0M
Q1 25
$-8.3M
Q4 24
$-3.4M
$68.2M
Q3 24
$-7.9M
$80.0K
Q2 24
$-11.6M
$-18.3M
Q1 24
$-6.3M
Gross Margin
FLNT
FLNT
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q1 24
Operating Margin
FLNT
FLNT
HIVE
HIVE
Q4 25
0.3%
Q3 25
-13.4%
Q2 25
-15.9%
Q1 25
-12.8%
Q4 24
-8.3%
Q3 24
-6.0%
Q2 24
-17.7%
Q1 24
-6.0%
Net Margin
FLNT
FLNT
HIVE
HIVE
Q4 25
-6.7%
-98.1%
Q3 25
-16.1%
-18.1%
Q2 25
-16.2%
76.8%
Q1 25
-15.0%
Q4 24
-5.2%
233.2%
Q3 24
-12.3%
0.4%
Q2 24
-19.8%
-56.7%
Q1 24
-9.5%
EPS (diluted)
FLNT
FLNT
HIVE
HIVE
Q4 25
$-0.09
$-0.38
Q3 25
$-0.27
$-0.07
Q2 25
$-0.30
$0.18
Q1 25
$-0.39
Q4 24
$-0.12
$0.52
Q3 24
$-0.48
$0.00
Q2 24
$-0.75
$-0.17
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
FLNT
FLNT
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$12.9M
Total DebtLower is stronger
$34.6M
Stockholders' EquityBook value
$18.2M
$559.3M
Total Assets
$89.1M
$624.0M
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNT
FLNT
HIVE
HIVE
Q4 25
$12.9M
Q3 25
$9.2M
Q2 25
$4.9M
Q1 25
$4.8M
Q4 24
$9.4M
$40.5M
Q3 24
$6.6M
$31.7M
Q2 24
$5.0M
Q1 24
$11.7M
Total Debt
FLNT
FLNT
HIVE
HIVE
Q4 25
$34.6M
Q3 25
$26.0M
Q2 25
$23.2M
Q1 25
$25.6M
Q4 24
$35.6M
Q3 24
$37.9M
Q2 24
$33.3M
Q1 24
$31.0M
Stockholders' Equity
FLNT
FLNT
HIVE
HIVE
Q4 25
$18.2M
$559.3M
Q3 25
$21.6M
$624.6M
Q2 25
$19.1M
$560.5M
Q1 25
$22.0M
Q4 24
$25.0M
$430.9M
Q3 24
$20.0M
$275.5M
Q2 24
$27.5M
$268.6M
Q1 24
$28.7M
Total Assets
FLNT
FLNT
HIVE
HIVE
Q4 25
$89.1M
$624.0M
Q3 25
$76.1M
$693.0M
Q2 25
$74.5M
$628.7M
Q1 25
$77.5M
Q4 24
$93.6M
$478.6M
Q3 24
$77.5M
$334.7M
Q2 24
$98.5M
Q1 24
$103.6M
Debt / Equity
FLNT
FLNT
HIVE
HIVE
Q4 25
1.90×
Q3 25
1.21×
Q2 25
1.21×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.90×
Q2 24
1.21×
Q1 24
1.08×

Cash Flow & Capital Efficiency

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

Metric
FLNT
FLNT
HIVE
HIVE
Operating Cash FlowLast quarter
$2.8M
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNT
FLNT
HIVE
HIVE
Q4 25
$2.8M
$46.0M
Q3 25
$-7.3M
$-10.6M
Q2 25
$935.0K
$10.2M
Q1 25
$2.1M
Q4 24
$-2.1M
$-28.5M
Q3 24
$1.2M
$-2.2M
Q2 24
$-13.1M
$-4.4M
Q1 24
$-132.0K
Free Cash Flow
FLNT
FLNT
HIVE
HIVE
Q4 25
Q3 25
$-7.3M
Q2 25
Q1 25
Q4 24
$-55.5M
Q3 24
$1.2M
$-34.7M
Q2 24
Q1 24
FCF Margin
FLNT
FLNT
HIVE
HIVE
Q4 25
Q3 25
-15.6%
Q2 25
Q1 25
Q4 24
-189.9%
Q3 24
1.9%
-153.4%
Q2 24
Q1 24
Capex Intensity
FLNT
FLNT
HIVE
HIVE
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
92.5%
Q3 24
0.0%
143.9%
Q2 24
Q1 24
Cash Conversion
FLNT
FLNT
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.

Revenue Breakdown by Segment

FLNT
FLNT

Commerce Media Solutions$34.7M56%
Owned And Operated$21.3M34%
Call Solutions$3.8M6%
Ad Parlor$2.0M3%

HIVE
HIVE

Segment breakdown not available.

Related Comparisons