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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and IRONWOOD PHARMACEUTICALS INC (IRWD). 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 $47.7M, roughly 2.0× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -98.1%, a 93.3% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -47.3%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

HIVE vs IRWD — Head-to-Head

Bigger by revenue
HIVE
HIVE
2.0× larger
HIVE
$93.1M
$47.7M
IRWD
Growing faster (revenue YoY)
HIVE
HIVE
+265.9% gap
HIVE
218.6%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
93.3% more per $
IRWD
-4.8%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-20.2%
IRWD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
IRWD
IRWD
Revenue
$93.1M
$47.7M
Net Profit
$-91.3M
$-2.3M
Gross Margin
-27.1%
Operating Margin
14.3%
Net Margin
-98.1%
-4.8%
Revenue YoY
218.6%
-47.3%
Net Profit YoY
-234.0%
-200.9%
EPS (diluted)
$-0.38
$0.01

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
IRWD
IRWD
Q4 25
$93.1M
$47.7M
Q3 25
$87.3M
$122.1M
Q2 25
$45.6M
$85.2M
Q1 25
$41.1M
Q4 24
$29.2M
$90.5M
Q3 24
$22.6M
$91.6M
Q2 24
$32.2M
$94.4M
Q1 24
$74.9M
Net Profit
HIVE
HIVE
IRWD
IRWD
Q4 25
$-91.3M
$-2.3M
Q3 25
$-15.8M
$40.1M
Q2 25
$35.0M
$23.6M
Q1 25
$-37.4M
Q4 24
$68.2M
$2.3M
Q3 24
$80.0K
$3.6M
Q2 24
$-18.3M
$-860.0K
Q1 24
$-4.2M
Gross Margin
HIVE
HIVE
IRWD
IRWD
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
IRWD
IRWD
Q4 25
14.3%
Q3 25
61.8%
Q2 25
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
HIVE
HIVE
IRWD
IRWD
Q4 25
-98.1%
-4.8%
Q3 25
-18.1%
32.8%
Q2 25
76.8%
27.7%
Q1 25
-90.9%
Q4 24
233.2%
2.5%
Q3 24
0.4%
4.0%
Q2 24
-56.7%
-0.9%
Q1 24
-5.6%
EPS (diluted)
HIVE
HIVE
IRWD
IRWD
Q4 25
$-0.38
$0.01
Q3 25
$-0.07
$0.23
Q2 25
$0.18
$0.14
Q1 25
$-0.23
Q4 24
$0.52
$0.03
Q3 24
$0.00
$0.02
Q2 24
$-0.17
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$-261.8M
Total Assets
$624.0M
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$40.5M
$88.6M
Q3 24
$31.7M
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
HIVE
HIVE
IRWD
IRWD
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
HIVE
HIVE
IRWD
IRWD
Q4 25
$559.3M
$-261.8M
Q3 25
$624.6M
$-264.2M
Q2 25
$560.5M
$-308.2M
Q1 25
$-334.1M
Q4 24
$430.9M
$-301.3M
Q3 24
$275.5M
$-311.3M
Q2 24
$268.6M
$-321.7M
Q1 24
$-330.5M
Total Assets
HIVE
HIVE
IRWD
IRWD
Q4 25
$624.0M
$396.9M
Q3 25
$693.0M
$396.1M
Q2 25
$628.7M
$342.9M
Q1 25
$327.2M
Q4 24
$478.6M
$350.9M
Q3 24
$334.7M
$389.5M
Q2 24
$395.6M
Q1 24
$438.8M

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
IRWD
IRWD
Operating Cash FlowLast quarter
$46.0M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
IRWD
IRWD
Q4 25
$46.0M
$74.6M
Q3 25
$-10.6M
$47.6M
Q2 25
$10.2M
$-15.1M
Q1 25
$20.0M
Q4 24
$-28.5M
$15.2M
Q3 24
$-2.2M
$9.9M
Q2 24
$-4.4M
$33.5M
Q1 24
$45.0M
Free Cash Flow
HIVE
HIVE
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
$-55.5M
Q3 24
$-34.7M
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
HIVE
HIVE
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
-189.9%
Q3 24
-153.4%
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
HIVE
HIVE
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
92.5%
0.0%
Q3 24
143.9%
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
HIVE
HIVE
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
0.29×
-0.64×
Q1 25
Q4 24
-0.42×
6.74×
Q3 24
-26.94×
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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