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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and 9F Inc. (JFU). 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 $81.4M, roughly 1.1× 9F Inc.). HIVE Digital Technologies Ltd. runs the higher net margin — -98.1% vs -105.9%, a 7.8% gap on every dollar of revenue.

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.

9F Inc. is a leading digital financial technology platform based in China, offering consumer finance, wealth management, and insurance brokerage services primarily to retail and small business customers across domestic markets. It leverages big data and artificial intelligence to deliver tailored, accessible financial solutions that meet diverse user needs across multiple fintech segments.

HIVE vs JFU — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.1× larger
HIVE
$93.1M
$81.4M
JFU
Higher net margin
HIVE
HIVE
7.8% more per $
HIVE
-98.1%
-105.9%
JFU

Income Statement — Q3 FY2026 vs Q4 FY2022

Metric
HIVE
HIVE
JFU
JFU
Revenue
$93.1M
$81.4M
Net Profit
$-91.3M
$-86.2M
Gross Margin
-27.1%
19.3%
Operating Margin
-26.8%
Net Margin
-98.1%
-105.9%
Revenue YoY
218.6%
Net Profit YoY
-234.0%
EPS (diluted)
$-0.38

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
JFU
JFU
Q4 25
$93.1M
Q3 25
$87.3M
Q2 25
$45.6M
Q4 24
$29.2M
Q3 24
$22.6M
Q2 24
$32.2M
Q4 23
$22.8M
Q1 23
$81.4M
Net Profit
HIVE
HIVE
JFU
JFU
Q4 25
$-91.3M
Q3 25
$-15.8M
Q2 25
$35.0M
Q4 24
$68.2M
Q3 24
$80.0K
Q2 24
$-18.3M
Q4 23
$-24.5M
Q1 23
$-86.2M
Gross Margin
HIVE
HIVE
JFU
JFU
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q4 23
-52.3%
Q1 23
19.3%
Operating Margin
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
Q4 23
Q1 23
-26.8%
Net Margin
HIVE
HIVE
JFU
JFU
Q4 25
-98.1%
Q3 25
-18.1%
Q2 25
76.8%
Q4 24
233.2%
Q3 24
0.4%
Q2 24
-56.7%
Q4 23
-107.8%
Q1 23
-105.9%
EPS (diluted)
HIVE
HIVE
JFU
JFU
Q4 25
$-0.38
Q3 25
$-0.07
Q2 25
$0.18
Q4 24
$0.52
Q3 24
$0.00
Q2 24
$-0.17
Q4 23
$-0.29
Q1 23

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
JFU
JFU
Cash + ST InvestmentsLiquidity on hand
$335.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$530.1M
Total Assets
$624.0M
$625.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
Q4 23
$4.5M
Q1 23
$335.8M
Stockholders' Equity
HIVE
HIVE
JFU
JFU
Q4 25
$559.3M
Q3 25
$624.6M
Q2 25
$560.5M
Q4 24
$430.9M
Q3 24
$275.5M
Q2 24
$268.6M
Q4 23
$122.9M
Q1 23
$530.1M
Total Assets
HIVE
HIVE
JFU
JFU
Q4 25
$624.0M
Q3 25
$693.0M
Q2 25
$628.7M
Q4 24
$478.6M
Q3 24
$334.7M
Q2 24
Q4 23
Q1 23
$625.0M

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
JFU
JFU
Operating Cash FlowLast quarter
$46.0M
$9.2M
Free Cash FlowOCF − Capex
$2.7M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
JFU
JFU
Q4 25
$46.0M
Q3 25
$-10.6M
Q2 25
$10.2M
Q4 24
$-28.5M
Q3 24
$-2.2M
Q2 24
$-4.4M
Q4 23
Q1 23
$9.2M
Free Cash Flow
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q4 23
Q1 23
$2.7M
FCF Margin
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q4 23
Q1 23
3.3%
Capex Intensity
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q4 23
Q1 23
8.0%
Cash Conversion
HIVE
HIVE
JFU
JFU
Q4 25
Q3 25
Q2 25
0.29×
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24
Q4 23
Q1 23

Financial Flow Comparison

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

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