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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.

INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $93.1M, roughly 1.7× HIVE Digital Technologies Ltd.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -98.1%, a 102.8% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 23.3%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 12.0%).

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.

Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.

HIVE vs IIIN — Head-to-Head

Bigger by revenue
IIIN
IIIN
1.7× larger
IIIN
$159.9M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+195.3% gap
HIVE
218.6%
23.3%
IIIN
Higher net margin
IIIN
IIIN
102.8% more per $
IIIN
4.7%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
12.0%
IIIN

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
HIVE
HIVE
IIIN
IIIN
Revenue
$93.1M
$159.9M
Net Profit
$-91.3M
$7.6M
Gross Margin
-27.1%
11.3%
Operating Margin
6.0%
Net Margin
-98.1%
4.7%
Revenue YoY
218.6%
23.3%
Net Profit YoY
-234.0%
602.4%
EPS (diluted)
$-0.38
$0.39

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
HIVE
HIVE
IIIN
IIIN
Q4 25
$93.1M
$159.9M
Q3 25
$87.3M
$177.4M
Q2 25
$45.6M
$179.9M
Q1 25
$160.7M
Q4 24
$29.2M
$129.7M
Q3 24
$22.6M
$134.3M
Q2 24
$32.2M
$145.8M
Q1 24
$127.4M
Net Profit
HIVE
HIVE
IIIN
IIIN
Q4 25
$-91.3M
$7.6M
Q3 25
$-15.8M
$14.6M
Q2 25
$35.0M
$15.2M
Q1 25
$10.2M
Q4 24
$68.2M
$1.1M
Q3 24
$80.0K
$4.7M
Q2 24
$-18.3M
$6.6M
Q1 24
$6.9M
Gross Margin
HIVE
HIVE
IIIN
IIIN
Q4 25
-27.1%
11.3%
Q3 25
4.7%
16.1%
Q2 25
-13.6%
17.1%
Q1 25
15.3%
Q4 24
-43.7%
7.3%
Q3 24
-66.1%
9.1%
Q2 24
-7.4%
10.6%
Q1 24
12.3%
Operating Margin
HIVE
HIVE
IIIN
IIIN
Q4 25
6.0%
Q3 25
10.8%
Q2 25
11.0%
Q1 25
8.3%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
6.0%
Q1 24
7.0%
Net Margin
HIVE
HIVE
IIIN
IIIN
Q4 25
-98.1%
4.7%
Q3 25
-18.1%
8.2%
Q2 25
76.8%
8.4%
Q1 25
6.4%
Q4 24
233.2%
0.8%
Q3 24
0.4%
3.5%
Q2 24
-56.7%
4.5%
Q1 24
5.4%
EPS (diluted)
HIVE
HIVE
IIIN
IIIN
Q4 25
$-0.38
$0.39
Q3 25
$-0.07
$0.74
Q2 25
$0.18
$0.78
Q1 25
$0.52
Q4 24
$0.52
$0.06
Q3 24
$0.00
$0.24
Q2 24
$-0.17
$0.34
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
IIIN
IIIN
Cash + ST InvestmentsLiquidity on hand
$15.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$358.8M
Total Assets
$624.0M
$456.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
IIIN
IIIN
Q4 25
$15.6M
Q3 25
$38.6M
Q2 25
$53.7M
Q1 25
$28.4M
Q4 24
$40.5M
$36.0M
Q3 24
$31.7M
$111.5M
Q2 24
$97.7M
Q1 24
$83.9M
Stockholders' Equity
HIVE
HIVE
IIIN
IIIN
Q4 25
$559.3M
$358.8M
Q3 25
$624.6M
$371.5M
Q2 25
$560.5M
$356.2M
Q1 25
$341.4M
Q4 24
$430.9M
$331.6M
Q3 24
$275.5M
$350.9M
Q2 24
$268.6M
$346.0M
Q1 24
$340.6M
Total Assets
HIVE
HIVE
IIIN
IIIN
Q4 25
$624.0M
$456.1M
Q3 25
$693.0M
$462.6M
Q2 25
$628.7M
$471.9M
Q1 25
$421.9M
Q4 24
$478.6M
$404.7M
Q3 24
$334.7M
$422.6M
Q2 24
$414.6M
Q1 24
$397.2M

Cash Flow & Capital Efficiency

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

Metric
HIVE
HIVE
IIIN
IIIN
Operating Cash FlowLast quarter
$46.0M
$-701.0K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
IIIN
IIIN
Q4 25
$46.0M
$-701.0K
Q3 25
$-10.6M
$-17.0M
Q2 25
$10.2M
$28.5M
Q1 25
$-3.3M
Q4 24
$-28.5M
$19.0M
Q3 24
$-2.2M
$16.2M
Q2 24
$-4.4M
$18.8M
Q1 24
$1.4M
Free Cash Flow
HIVE
HIVE
IIIN
IIIN
Q4 25
$-2.2M
Q3 25
$-18.7M
Q2 25
$26.9M
Q1 25
$-5.5M
Q4 24
$-55.5M
$16.3M
Q3 24
$-34.7M
$14.5M
Q2 24
$15.5M
Q1 24
$-580.0K
FCF Margin
HIVE
HIVE
IIIN
IIIN
Q4 25
-1.4%
Q3 25
-10.6%
Q2 25
15.0%
Q1 25
-3.5%
Q4 24
-189.9%
12.6%
Q3 24
-153.4%
10.8%
Q2 24
10.7%
Q1 24
-0.5%
Capex Intensity
HIVE
HIVE
IIIN
IIIN
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
92.5%
2.1%
Q3 24
143.9%
1.3%
Q2 24
2.2%
Q1 24
1.5%
Cash Conversion
HIVE
HIVE
IIIN
IIIN
Q4 25
-0.09×
Q3 25
-1.17×
Q2 25
0.29×
1.88×
Q1 25
-0.32×
Q4 24
-0.42×
17.56×
Q3 24
-26.94×
3.48×
Q2 24
2.86×
Q1 24
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIVE
HIVE

Segment breakdown not available.

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

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