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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and RING ENERGY, INC. (REI). 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 $66.9M, roughly 1.4× RING ENERGY, INC.). On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -19.8%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -15.9%).

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.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

HIVE vs REI — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.4× larger
HIVE
$93.1M
$66.9M
REI
Growing faster (revenue YoY)
HIVE
HIVE
+238.4% gap
HIVE
218.6%
-19.8%
REI
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-15.9%
REI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
REI
REI
Revenue
$93.1M
$66.9M
Net Profit
$-91.3M
Gross Margin
-27.1%
Operating Margin
-37.6%
Net Margin
-98.1%
Revenue YoY
218.6%
-19.8%
Net Profit YoY
-234.0%
EPS (diluted)
$-0.38
$-0.07

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
REI
REI
Q4 25
$93.1M
$66.9M
Q3 25
$87.3M
$78.6M
Q2 25
$45.6M
$82.6M
Q1 25
$79.1M
Q4 24
$29.2M
$83.4M
Q3 24
$22.6M
$89.2M
Q2 24
$32.2M
$99.1M
Q1 24
$94.5M
Net Profit
HIVE
HIVE
REI
REI
Q4 25
$-91.3M
Q3 25
$-15.8M
$-51.6M
Q2 25
$35.0M
$20.6M
Q1 25
$9.1M
Q4 24
$68.2M
Q3 24
$80.0K
$33.9M
Q2 24
$-18.3M
$22.4M
Q1 24
$5.5M
Gross Margin
HIVE
HIVE
REI
REI
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
REI
REI
Q4 25
-37.6%
Q3 25
-70.0%
Q2 25
28.4%
Q1 25
28.3%
Q4 24
28.3%
Q3 24
33.4%
Q2 24
42.2%
Q1 24
39.8%
Net Margin
HIVE
HIVE
REI
REI
Q4 25
-98.1%
Q3 25
-18.1%
-65.7%
Q2 25
76.8%
25.0%
Q1 25
11.5%
Q4 24
233.2%
Q3 24
0.4%
38.0%
Q2 24
-56.7%
22.6%
Q1 24
5.8%
EPS (diluted)
HIVE
HIVE
REI
REI
Q4 25
$-0.38
$-0.07
Q3 25
$-0.07
$-0.25
Q2 25
$0.18
$0.10
Q1 25
$0.05
Q4 24
$0.52
$0.03
Q3 24
$0.00
$0.17
Q2 24
$-0.17
$0.11
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
REI
REI
Cash + ST InvestmentsLiquidity on hand
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$836.3M
Total Assets
$624.0M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
REI
REI
Q4 25
$902.9K
Q3 25
$286.9K
Q2 25
Q1 25
$1.1M
Q4 24
$40.5M
$1.9M
Q3 24
$31.7M
Q2 24
$1.2M
Q1 24
$1.4M
Stockholders' Equity
HIVE
HIVE
REI
REI
Q4 25
$559.3M
$836.3M
Q3 25
$624.6M
$847.7M
Q2 25
$560.5M
$897.9M
Q1 25
$876.0M
Q4 24
$430.9M
$858.6M
Q3 24
$275.5M
$851.3M
Q2 24
$268.6M
$817.4M
Q1 24
$793.0M
Total Assets
HIVE
HIVE
REI
REI
Q4 25
$624.0M
$1.4B
Q3 25
$693.0M
$1.4B
Q2 25
$628.7M
$1.5B
Q1 25
$1.5B
Q4 24
$478.6M
$1.4B
Q3 24
$334.7M
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B

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
REI
REI
Operating Cash FlowLast quarter
$46.0M
$44.7M
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
REI
REI
Q4 25
$46.0M
$44.7M
Q3 25
$-10.6M
$44.5M
Q2 25
$10.2M
$33.3M
Q1 25
$28.4M
Q4 24
$-28.5M
$47.3M
Q3 24
$-2.2M
$51.3M
Q2 24
$-4.4M
$50.6M
Q1 24
$45.2M
Free Cash Flow
HIVE
HIVE
REI
REI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q1 24
FCF Margin
HIVE
HIVE
REI
REI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q1 24
Capex Intensity
HIVE
HIVE
REI
REI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q1 24
Cash Conversion
HIVE
HIVE
REI
REI
Q4 25
Q3 25
Q2 25
0.29×
1.61×
Q1 25
3.11×
Q4 24
-0.42×
Q3 24
-26.94×
1.52×
Q2 24
2.26×
Q1 24
8.19×

Financial Flow Comparison

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

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