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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). 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 $66.7M, roughly 1.4× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -98.1%, a 145.9% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -13.1%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -6.0%).

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.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

HIVE vs IIPR — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.4× larger
HIVE
$93.1M
$66.7M
IIPR
Growing faster (revenue YoY)
HIVE
HIVE
+231.7% gap
HIVE
218.6%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
145.9% more per $
IIPR
47.8%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-6.0%
IIPR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
IIPR
IIPR
Revenue
$93.1M
$66.7M
Net Profit
$-91.3M
$31.8M
Gross Margin
-27.1%
Operating Margin
47.8%
Net Margin
-98.1%
47.8%
Revenue YoY
218.6%
-13.1%
Net Profit YoY
-234.0%
-20.4%
EPS (diluted)
$-0.38
$1.07

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
IIPR
IIPR
Q4 25
$93.1M
$66.7M
Q3 25
$87.3M
$64.7M
Q2 25
$45.6M
$62.9M
Q1 25
$71.7M
Q4 24
$29.2M
$76.7M
Q3 24
$22.6M
$76.5M
Q2 24
$32.2M
$79.8M
Q1 24
$75.5M
Net Profit
HIVE
HIVE
IIPR
IIPR
Q4 25
$-91.3M
$31.8M
Q3 25
$-15.8M
$29.3M
Q2 25
$35.0M
$26.0M
Q1 25
$31.1M
Q4 24
$68.2M
$40.0M
Q3 24
$80.0K
$40.2M
Q2 24
$-18.3M
$42.0M
Q1 24
$39.4M
Gross Margin
HIVE
HIVE
IIPR
IIPR
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
HIVE
HIVE
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.5%
Q2 25
45.9%
Q1 25
47.4%
Q4 24
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
HIVE
HIVE
IIPR
IIPR
Q4 25
-98.1%
47.8%
Q3 25
-18.1%
45.3%
Q2 25
76.8%
41.4%
Q1 25
43.3%
Q4 24
233.2%
52.2%
Q3 24
0.4%
52.6%
Q2 24
-56.7%
52.6%
Q1 24
52.3%
EPS (diluted)
HIVE
HIVE
IIPR
IIPR
Q4 25
$-0.38
$1.07
Q3 25
$-0.07
$0.97
Q2 25
$0.18
$0.86
Q1 25
$1.03
Q4 24
$0.52
$1.35
Q3 24
$0.00
$1.37
Q2 24
$-0.17
$1.44
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$559.3M
$1.8B
Total Assets
$624.0M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
IIPR
IIPR
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$104.9M
Q1 25
$133.3M
Q4 24
$40.5M
$151.2M
Q3 24
$31.7M
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
HIVE
HIVE
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HIVE
HIVE
IIPR
IIPR
Q4 25
$559.3M
$1.8B
Q3 25
$624.6M
$1.9B
Q2 25
$560.5M
$1.9B
Q1 25
$1.9B
Q4 24
$430.9M
$1.9B
Q3 24
$275.5M
$1.9B
Q2 24
$268.6M
$1.9B
Q1 24
$2.0B
Total Assets
HIVE
HIVE
IIPR
IIPR
Q4 25
$624.0M
$2.4B
Q3 25
$693.0M
$2.3B
Q2 25
$628.7M
$2.3B
Q1 25
$2.4B
Q4 24
$478.6M
$2.4B
Q3 24
$334.7M
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
HIVE
HIVE
IIPR
IIPR
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
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
HIVE
HIVE
IIPR
IIPR
Operating Cash FlowLast quarter
$46.0M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
IIPR
IIPR
Q4 25
$46.0M
$198.2M
Q3 25
$-10.6M
$45.6M
Q2 25
$10.2M
$48.4M
Q1 25
$54.2M
Q4 24
$-28.5M
$258.4M
Q3 24
$-2.2M
$64.9M
Q2 24
$-4.4M
$64.2M
Q1 24
$71.6M
Free Cash Flow
HIVE
HIVE
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q1 24
FCF Margin
HIVE
HIVE
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q1 24
Capex Intensity
HIVE
HIVE
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q1 24
Cash Conversion
HIVE
HIVE
IIPR
IIPR
Q4 25
6.22×
Q3 25
1.56×
Q2 25
0.29×
1.86×
Q1 25
1.75×
Q4 24
-0.42×
6.46×
Q3 24
-26.94×
1.61×
Q2 24
1.53×
Q1 24
1.82×

Financial Flow Comparison

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

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