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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and iQSTEL Inc (IQST). 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 $84.2M, roughly 1.1× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -98.1%, a 94.9% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -14.9%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 28.0%).
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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
HIVE vs IQST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $84.2M |
| Net Profit | $-91.3M | $-2.7M |
| Gross Margin | -27.1% | 3.5% |
| Operating Margin | — | -2.9% |
| Net Margin | -98.1% | -3.2% |
| Revenue YoY | 218.6% | -14.9% |
| Net Profit YoY | -234.0% | -44.5% |
| EPS (diluted) | $-0.38 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $87.3M | $102.9M | ||
| Q2 25 | $45.6M | $72.2M | ||
| Q1 25 | — | $57.6M | ||
| Q4 24 | $29.2M | $98.9M | ||
| Q3 24 | $22.6M | $54.2M | ||
| Q2 24 | $32.2M | $78.6M | ||
| Q1 24 | — | $51.4M |
| Q4 25 | $-91.3M | $-2.7M | ||
| Q3 25 | $-15.8M | $-2.3M | ||
| Q2 25 | $35.0M | $-2.3M | ||
| Q1 25 | — | $-1.1M | ||
| Q4 24 | $68.2M | $-1.9M | ||
| Q3 24 | $80.0K | $-773.0K | ||
| Q2 24 | $-18.3M | $-2.0M | ||
| Q1 24 | — | $-580.2K |
| Q4 25 | -27.1% | 3.5% | ||
| Q3 25 | 4.7% | 2.7% | ||
| Q2 25 | -13.6% | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | -43.7% | 2.7% | ||
| Q3 24 | -66.1% | 3.7% | ||
| Q2 24 | -7.4% | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | -0.4% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | -98.1% | -3.2% | ||
| Q3 25 | -18.1% | -2.3% | ||
| Q2 25 | 76.8% | -3.3% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 233.2% | -1.9% | ||
| Q3 24 | 0.4% | -1.4% | ||
| Q2 24 | -56.7% | -2.5% | ||
| Q1 24 | — | -1.1% |
| Q4 25 | $-0.38 | $-0.92 | ||
| Q3 25 | $-0.07 | $-0.68 | ||
| Q2 25 | $0.18 | $-0.82 | ||
| Q1 25 | — | $-0.44 | ||
| Q4 24 | $0.52 | $-1.19 | ||
| Q3 24 | $0.00 | $-0.40 | ||
| Q2 24 | $-0.17 | $-0.90 | ||
| Q1 24 | — | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $559.3M | $16.3M |
| Total Assets | $624.0M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | $40.5M | $2.5M | ||
| Q3 24 | $31.7M | $2.1M | ||
| Q2 24 | — | $797.2K | ||
| Q1 24 | — | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $559.3M | $16.3M | ||
| Q3 25 | $624.6M | $17.9M | ||
| Q2 25 | $560.5M | $14.3M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | $430.9M | $11.9M | ||
| Q3 24 | $275.5M | $8.1M | ||
| Q2 24 | $268.6M | $7.6M | ||
| Q1 24 | — | $8.4M |
| Q4 25 | $624.0M | $51.1M | ||
| Q3 25 | $693.0M | $46.9M | ||
| Q2 25 | $628.7M | $51.4M | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | $478.6M | $79.0M | ||
| Q3 24 | $334.7M | $32.4M | ||
| Q2 24 | — | $30.0M | ||
| Q1 24 | — | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.0M | $-1.2M | ||
| Q3 25 | $-10.6M | $-953.0K | ||
| Q2 25 | $10.2M | $257.7K | ||
| Q1 25 | — | $-1.9M | ||
| Q4 24 | $-28.5M | $-403.7K | ||
| Q3 24 | $-2.2M | $625.0K | ||
| Q2 24 | $-4.4M | $-2.6M | ||
| Q1 24 | — | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | — | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $-55.5M | $-421.3K | ||
| Q3 24 | $-34.7M | $594.5K | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | -189.9% | -0.4% | ||
| Q3 24 | -153.4% | 1.1% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 92.5% | 0.0% | ||
| Q3 24 | 143.9% | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
| 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.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
