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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and indie Semiconductor, Inc. (INDI). 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 $58.0M, roughly 1.6× indie Semiconductor, Inc.). indie Semiconductor, Inc. runs the higher net margin — -53.8% vs -98.1%, a 44.2% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -0.0%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 5.3%).
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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
HIVE vs INDI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $58.0M |
| Net Profit | $-91.3M | $-31.2M |
| Gross Margin | -27.1% | 37.3% |
| Operating Margin | — | -58.5% |
| Net Margin | -98.1% | -53.8% |
| Revenue YoY | 218.6% | -0.0% |
| Net Profit YoY | -234.0% | 9.1% |
| EPS (diluted) | $-0.38 | $-0.16 |
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 | $93.1M | $58.0M | ||
| Q3 25 | $87.3M | $53.7M | ||
| Q2 25 | $45.6M | $51.6M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | $29.2M | $58.0M | ||
| Q3 24 | $22.6M | $54.0M | ||
| Q2 24 | $32.2M | $52.4M | ||
| Q1 24 | — | $52.4M |
| Q4 25 | $-91.3M | $-31.2M | ||
| Q3 25 | $-15.8M | $-38.3M | ||
| Q2 25 | $35.0M | $-39.0M | ||
| Q1 25 | — | $-34.5M | ||
| Q4 24 | $68.2M | $-34.4M | ||
| Q3 24 | $80.0K | $-49.7M | ||
| Q2 24 | $-18.3M | $-19.2M | ||
| Q1 24 | — | $-31.2M |
| Q4 25 | -27.1% | 37.3% | ||
| Q3 25 | 4.7% | 40.1% | ||
| Q2 25 | -13.6% | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | -43.7% | 42.6% | ||
| Q3 24 | -66.1% | 39.3% | ||
| Q2 24 | -7.4% | 42.2% | ||
| Q1 24 | — | 42.5% |
| Q4 25 | — | -58.5% | ||
| Q3 25 | — | -71.4% | ||
| Q2 25 | — | -83.3% | ||
| Q1 25 | — | -72.0% | ||
| Q4 24 | — | -58.4% | ||
| Q3 24 | — | -92.5% | ||
| Q2 24 | — | -70.0% | ||
| Q1 24 | — | -94.8% |
| Q4 25 | -98.1% | -53.8% | ||
| Q3 25 | -18.1% | -71.3% | ||
| Q2 25 | 76.8% | -75.6% | ||
| Q1 25 | — | -63.9% | ||
| Q4 24 | 233.2% | -59.2% | ||
| Q3 24 | 0.4% | -92.1% | ||
| Q2 24 | -56.7% | -36.6% | ||
| Q1 24 | — | -59.6% |
| Q4 25 | $-0.38 | $-0.16 | ||
| Q3 25 | $-0.07 | $-0.19 | ||
| Q2 25 | $0.18 | $-0.20 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | $0.52 | $-0.18 | ||
| Q3 24 | $0.00 | $-0.28 | ||
| Q2 24 | $-0.17 | $-0.11 | ||
| Q1 24 | — | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $559.3M | $358.0M |
| Total Assets | $624.0M | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $160.9M | ||
| Q2 25 | — | $192.6M | ||
| Q1 25 | — | $236.6M | ||
| Q4 24 | $40.5M | $274.2M | ||
| Q3 24 | $31.7M | $96.9M | ||
| Q2 24 | — | $112.3M | ||
| Q1 24 | — | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $559.3M | $358.0M | ||
| Q3 25 | $624.6M | $369.2M | ||
| Q2 25 | $560.5M | $390.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | $430.9M | $417.9M | ||
| Q3 24 | $275.5M | $458.6M | ||
| Q2 24 | $268.6M | $470.7M | ||
| Q1 24 | — | $432.9M |
| Q4 25 | $624.0M | $840.8M | ||
| Q3 25 | $693.0M | $855.1M | ||
| Q2 25 | $628.7M | $867.6M | ||
| Q1 25 | — | $909.0M | ||
| Q4 24 | $478.6M | $941.4M | ||
| Q3 24 | $334.7M | $797.5M | ||
| Q2 24 | — | $797.3M | ||
| Q1 24 | — | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.0M | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-16.1M |
| FCF MarginFCF / Revenue | — | -27.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.0M | $-14.4M | ||
| Q3 25 | $-10.6M | $-6.2M | ||
| Q2 25 | $10.2M | $-7.6M | ||
| Q1 25 | — | $-29.0M | ||
| Q4 24 | $-28.5M | $-6.7M | ||
| Q3 24 | $-2.2M | $-22.8M | ||
| Q2 24 | $-4.4M | $-19.7M | ||
| Q1 24 | — | $-9.3M |
| Q4 25 | — | $-16.1M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-31.4M | ||
| Q4 24 | $-55.5M | $-8.6M | ||
| Q3 24 | $-34.7M | $-29.3M | ||
| Q2 24 | — | $-23.4M | ||
| Q1 24 | — | $-11.7M |
| Q4 25 | — | -27.8% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | -26.4% | ||
| Q1 25 | — | -58.0% | ||
| Q4 24 | -189.9% | -14.8% | ||
| Q3 24 | -153.4% | -54.3% | ||
| Q2 24 | — | -44.7% | ||
| Q1 24 | — | -22.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | 92.5% | 3.2% | ||
| Q3 24 | 143.9% | 12.1% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 4.4% |
| 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
HIVE
Segment breakdown not available.
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
