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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and LINCOLN EDUCATIONAL SERVICES CORP (LINC). Click either name above to swap in a different company.

LINCOLN EDUCATIONAL SERVICES CORP is the larger business by last-quarter revenue ($142.9M vs $93.1M, roughly 1.5× HIVE Digital Technologies Ltd.). LINCOLN EDUCATIONAL SERVICES CORP runs the higher net margin — 8.9% vs -98.1%, a 107.0% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 19.7%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 17.6%).

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.

Lincoln Tech is an American group of for-profit postsecondary vocational institutions headquartered in Parsippany, New Jersey with campuses in Colorado, Connecticut, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, and Texas. Each campus is owned and operated by Lincoln Educational Services Corporation, a provider of career-oriented post-secondary education.

HIVE vs LINC — Head-to-Head

Bigger by revenue
LINC
LINC
1.5× larger
LINC
$142.9M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+198.9% gap
HIVE
218.6%
19.7%
LINC
Higher net margin
LINC
LINC
107.0% more per $
LINC
8.9%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
17.6%
LINC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
LINC
LINC
Revenue
$93.1M
$142.9M
Net Profit
$-91.3M
$12.7M
Gross Margin
-27.1%
62.3%
Operating Margin
12.4%
Net Margin
-98.1%
8.9%
Revenue YoY
218.6%
19.7%
Net Profit YoY
-234.0%
85.9%
EPS (diluted)
$-0.38
$0.41

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
LINC
LINC
Q4 25
$93.1M
$142.9M
Q3 25
$87.3M
$141.4M
Q2 25
$45.6M
$116.5M
Q1 25
$117.5M
Q4 24
$29.2M
$119.4M
Q3 24
$22.6M
$114.4M
Q2 24
$32.2M
$102.9M
Q1 24
$103.4M
Net Profit
HIVE
HIVE
LINC
LINC
Q4 25
$-91.3M
$12.7M
Q3 25
$-15.8M
$3.8M
Q2 25
$35.0M
$1.6M
Q1 25
$1.9M
Q4 24
$68.2M
$6.8M
Q3 24
$80.0K
$4.0M
Q2 24
$-18.3M
$-682.0K
Q1 24
$-214.0K
Gross Margin
HIVE
HIVE
LINC
LINC
Q4 25
-27.1%
62.3%
Q3 25
4.7%
59.5%
Q2 25
-13.6%
59.8%
Q1 25
59.7%
Q4 24
-43.7%
62.2%
Q3 24
-66.1%
58.0%
Q2 24
-7.4%
55.7%
Q1 24
58.4%
Operating Margin
HIVE
HIVE
LINC
LINC
Q4 25
12.4%
Q3 25
4.4%
Q2 25
2.5%
Q1 25
2.9%
Q4 24
9.2%
Q3 24
5.1%
Q2 24
-1.1%
Q1 24
-0.4%
Net Margin
HIVE
HIVE
LINC
LINC
Q4 25
-98.1%
8.9%
Q3 25
-18.1%
2.7%
Q2 25
76.8%
1.3%
Q1 25
1.7%
Q4 24
233.2%
5.7%
Q3 24
0.4%
3.5%
Q2 24
-56.7%
-0.7%
Q1 24
-0.2%
EPS (diluted)
HIVE
HIVE
LINC
LINC
Q4 25
$-0.38
$0.41
Q3 25
$-0.07
$0.12
Q2 25
$0.18
$0.05
Q1 25
$0.06
Q4 24
$0.52
$0.22
Q3 24
$0.00
$0.13
Q2 24
$-0.17
$-0.02
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
LINC
LINC
Cash + ST InvestmentsLiquidity on hand
$28.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$199.7M
Total Assets
$624.0M
$493.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
LINC
LINC
Q4 25
$28.5M
Q3 25
$13.5M
Q2 25
$16.7M
Q1 25
$28.7M
Q4 24
$40.5M
$59.3M
Q3 24
$31.7M
$54.0M
Q2 24
$67.0M
Q1 24
$68.6M
Stockholders' Equity
HIVE
HIVE
LINC
LINC
Q4 25
$559.3M
$199.7M
Q3 25
$624.6M
$185.9M
Q2 25
$560.5M
$180.7M
Q1 25
$177.8M
Q4 24
$430.9M
$178.3M
Q3 24
$275.5M
$170.0M
Q2 24
$268.6M
$164.9M
Q1 24
$164.5M
Total Assets
HIVE
HIVE
LINC
LINC
Q4 25
$624.0M
$493.2M
Q3 25
$693.0M
$466.9M
Q2 25
$628.7M
$447.3M
Q1 25
$427.4M
Q4 24
$478.6M
$436.6M
Q3 24
$334.7M
$404.0M
Q2 24
$366.4M
Q1 24
$355.2M

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
LINC
LINC
Operating Cash FlowLast quarter
$46.0M
$43.5M
Free Cash FlowOCF − Capex
$25.0M
FCF MarginFCF / Revenue
17.5%
Capex IntensityCapex / Revenue
13.0%
Cash ConversionOCF / Net Profit
3.43×
TTM Free Cash FlowTrailing 4 quarters
$-27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
LINC
LINC
Q4 25
$46.0M
$43.5M
Q3 25
$-10.6M
$23.9M
Q2 25
$10.2M
$299.0K
Q1 25
$-8.4M
Q4 24
$-28.5M
$30.3M
Q3 24
$-2.2M
$5.6M
Q2 24
$-4.4M
$8.3M
Q1 24
$-14.9M
Free Cash Flow
HIVE
HIVE
LINC
LINC
Q4 25
$25.0M
Q3 25
$2.0M
Q2 25
$-26.1M
Q1 25
$-28.3M
Q4 24
$-55.5M
$5.5M
Q3 24
$-34.7M
$-13.8M
Q2 24
$-2.7M
Q1 24
$-16.6M
FCF Margin
HIVE
HIVE
LINC
LINC
Q4 25
17.5%
Q3 25
1.4%
Q2 25
-22.4%
Q1 25
-24.1%
Q4 24
-189.9%
4.6%
Q3 24
-153.4%
-12.0%
Q2 24
-2.6%
Q1 24
-16.1%
Capex Intensity
HIVE
HIVE
LINC
LINC
Q4 25
13.0%
Q3 25
15.5%
Q2 25
22.7%
Q1 25
16.9%
Q4 24
92.5%
20.8%
Q3 24
143.9%
16.9%
Q2 24
10.7%
Q1 24
1.6%
Cash Conversion
HIVE
HIVE
LINC
LINC
Q4 25
3.43×
Q3 25
6.29×
Q2 25
0.29×
0.19×
Q1 25
-4.31×
Q4 24
-0.42×
4.43×
Q3 24
-26.94×
1.42×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIVE
HIVE

Segment breakdown not available.

LINC
LINC

Transferred Over Time$136.0M95%
Transferred At Point In Time$6.9M5%

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