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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $93.1M, roughly 1.7× HIVE Digital Technologies Ltd.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs -98.1%, a 152.9% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -10.3%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

HIVE vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.7× larger
RBBN
$162.6M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+228.9% gap
HIVE
218.6%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
152.9% more per $
RBBN
54.8%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-8.1%
RBBN

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
HIVE
HIVE
RBBN
RBBN
Revenue
$93.1M
$162.6M
Net Profit
$-91.3M
$89.1M
Gross Margin
-27.1%
42.9%
Operating Margin
37.6%
Net Margin
-98.1%
54.8%
Revenue YoY
218.6%
-10.3%
Net Profit YoY
-234.0%
EPS (diluted)
$-0.38
$0.50

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
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$93.1M
$227.3M
Q3 25
$87.3M
$215.4M
Q2 25
$45.6M
$220.6M
Q1 25
$181.3M
Q4 24
$29.2M
$251.4M
Q3 24
$22.6M
$210.2M
Q2 24
$32.2M
$192.6M
Net Profit
HIVE
HIVE
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$-91.3M
Q3 25
$-15.8M
$-12.1M
Q2 25
$35.0M
$-11.1M
Q1 25
$-26.2M
Q4 24
$68.2M
Q3 24
$80.0K
$-13.4M
Q2 24
$-18.3M
$-16.8M
Gross Margin
HIVE
HIVE
RBBN
RBBN
Q1 26
42.9%
Q4 25
-27.1%
53.3%
Q3 25
4.7%
50.1%
Q2 25
-13.6%
49.6%
Q1 25
45.4%
Q4 24
-43.7%
55.7%
Q3 24
-66.1%
52.1%
Q2 24
-7.4%
50.8%
Operating Margin
HIVE
HIVE
RBBN
RBBN
Q1 26
37.6%
Q4 25
4.1%
Q3 25
1.3%
Q2 25
1.9%
Q1 25
-10.8%
Q4 24
13.2%
Q3 24
-0.4%
Q2 24
-1.0%
Net Margin
HIVE
HIVE
RBBN
RBBN
Q1 26
54.8%
Q4 25
-98.1%
Q3 25
-18.1%
-5.6%
Q2 25
76.8%
-5.0%
Q1 25
-14.5%
Q4 24
233.2%
Q3 24
0.4%
-6.4%
Q2 24
-56.7%
-8.7%
EPS (diluted)
HIVE
HIVE
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-0.38
$0.50
Q3 25
$-0.07
$-0.07
Q2 25
$0.18
$-0.06
Q1 25
$-0.15
Q4 24
$0.52
$0.05
Q3 24
$0.00
$-0.08
Q2 24
$-0.17
$-0.10

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$419.1M
Total Assets
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$96.4M
Q3 25
$74.8M
Q2 25
$60.5M
Q1 25
$71.2M
Q4 24
$40.5M
$87.8M
Q3 24
$31.7M
$37.2M
Q2 24
$64.6M
Total Debt
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$347.4M
Q4 24
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
HIVE
HIVE
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$559.3M
$449.0M
Q3 25
$624.6M
$360.1M
Q2 25
$560.5M
$370.4M
Q1 25
$381.8M
Q4 24
$430.9M
$404.6M
Q3 24
$275.5M
$395.5M
Q2 24
$268.6M
$405.0M
Total Assets
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
$624.0M
$1.2B
Q3 25
$693.0M
$1.1B
Q2 25
$628.7M
$1.1B
Q1 25
$1.1B
Q4 24
$478.6M
$1.2B
Q3 24
$334.7M
$1.1B
Q2 24
$1.1B
Debt / Equity
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
0.76×
Q3 25
0.96×
Q2 25
0.94×
Q1 25
0.91×
Q4 24
0.86×
Q3 24
0.88×
Q2 24
0.86×

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
RBBN
RBBN
Operating Cash FlowLast quarter
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
$46.0M
$29.2M
Q3 25
$-10.6M
$26.5M
Q2 25
$10.2M
$-795.0K
Q1 25
$-3.5M
Q4 24
$-28.5M
$61.8M
Q3 24
$-2.2M
$-14.8M
Q2 24
$-4.4M
$-9.8M
Free Cash Flow
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
$27.3M
Q3 25
$21.0M
Q2 25
$-6.5M
Q1 25
$-15.7M
Q4 24
$-55.5M
$53.8M
Q3 24
$-34.7M
$-23.7M
Q2 24
$-12.9M
FCF Margin
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
12.0%
Q3 25
9.7%
Q2 25
-2.9%
Q1 25
-8.7%
Q4 24
-189.9%
21.4%
Q3 24
-153.4%
-11.3%
Q2 24
-6.7%
Capex Intensity
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
0.9%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
6.7%
Q4 24
92.5%
3.2%
Q3 24
143.9%
4.2%
Q2 24
1.6%
Cash Conversion
HIVE
HIVE
RBBN
RBBN
Q1 26
Q4 25
Q3 25
Q2 25
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIVE
HIVE

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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