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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $93.1M, roughly 1.6× HIVE Digital Technologies Ltd.). HIVE Digital Technologies Ltd. runs the higher net margin — -98.1% vs -452.0%, a 353.9% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 7.2%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 38.8%).
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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
HIVE vs RIOT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $152.8M |
| Net Profit | $-91.3M | $-690.7M |
| Gross Margin | -27.1% | — |
| Operating Margin | — | -447.9% |
| Net Margin | -98.1% | -452.0% |
| Revenue YoY | 218.6% | 7.2% |
| Net Profit YoY | -234.0% | -606.3% |
| EPS (diluted) | $-0.38 | $-1.89 |
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.
| Q4 25 | $93.1M | $152.8M | ||
| Q3 25 | $87.3M | $180.2M | ||
| Q2 25 | $45.6M | $153.0M | ||
| Q1 25 | — | $161.4M | ||
| Q4 24 | $29.2M | $142.6M | ||
| Q3 24 | $22.6M | $84.8M | ||
| Q2 24 | $32.2M | $70.0M | ||
| Q1 24 | — | $79.3M |
| Q4 25 | $-91.3M | $-690.7M | ||
| Q3 25 | $-15.8M | $104.5M | ||
| Q2 25 | $35.0M | $219.5M | ||
| Q1 25 | — | $-296.4M | ||
| Q4 24 | $68.2M | $136.4M | ||
| Q3 24 | $80.0K | $-154.4M | ||
| Q2 24 | $-18.3M | $-84.4M | ||
| Q1 24 | — | $211.8M |
| 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 | — | — |
| Q4 25 | — | -447.9% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -144.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -143.3% | ||
| Q2 24 | — | -167.2% | ||
| Q1 24 | — | — |
| Q4 25 | -98.1% | -452.0% | ||
| Q3 25 | -18.1% | 58.0% | ||
| Q2 25 | 76.8% | 143.4% | ||
| Q1 25 | — | -183.6% | ||
| Q4 24 | 233.2% | 95.7% | ||
| Q3 24 | 0.4% | -182.1% | ||
| Q2 24 | -56.7% | -120.6% | ||
| Q1 24 | — | 267.1% |
| Q4 25 | $-0.38 | $-1.89 | ||
| Q3 25 | $-0.07 | $0.26 | ||
| Q2 25 | $0.18 | $0.58 | ||
| Q1 25 | — | $-0.90 | ||
| Q4 24 | $0.52 | $0.39 | ||
| Q3 24 | $0.00 | $-0.54 | ||
| Q2 24 | $-0.17 | $-0.32 | ||
| Q1 24 | — | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $559.3M | $2.9B |
| Total Assets | $624.0M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $233.5M | ||
| Q3 25 | — | $330.7M | ||
| Q2 25 | — | $255.4M | ||
| Q1 25 | — | $163.7M | ||
| Q4 24 | $40.5M | $277.9M | ||
| Q3 24 | $31.7M | $355.7M | ||
| Q2 24 | — | $481.2M | ||
| Q1 24 | — | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $559.3M | $2.9B | ||
| Q3 25 | $624.6M | $3.5B | ||
| Q2 25 | $560.5M | $3.3B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $430.9M | $3.1B | ||
| Q3 24 | $275.5M | $2.7B | ||
| Q2 24 | $268.6M | $2.6B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | $624.0M | $3.9B | ||
| Q3 25 | $693.0M | $4.5B | ||
| Q2 25 | $628.7M | $4.3B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $478.6M | $3.9B | ||
| Q3 24 | $334.7M | $2.9B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.0M | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.0M | $-572.9M | ||
| Q3 25 | $-10.6M | $-114.0M | ||
| Q2 25 | $10.2M | $-231.3M | ||
| Q1 25 | — | $-122.1M | ||
| Q4 24 | $-28.5M | $-255.1M | ||
| Q3 24 | $-2.2M | $-56.3M | ||
| Q2 24 | $-4.4M | $-42.5M | ||
| Q1 24 | — | $-57.9M |
| Q4 25 | — | $-774.3M | ||
| Q3 25 | — | $-139.7M | ||
| Q2 25 | — | $-291.7M | ||
| Q1 25 | — | $-154.9M | ||
| Q4 24 | $-55.5M | $-495.4M | ||
| Q3 24 | $-34.7M | $-127.6M | ||
| Q2 24 | — | $-96.1M | ||
| Q1 24 | — | $-115.2M |
| Q4 25 | — | -506.6% | ||
| Q3 25 | — | -77.5% | ||
| Q2 25 | — | -190.7% | ||
| Q1 25 | — | -96.0% | ||
| Q4 24 | -189.9% | -347.5% | ||
| Q3 24 | -153.4% | -150.5% | ||
| Q2 24 | — | -137.2% | ||
| Q1 24 | — | -145.2% |
| Q4 25 | — | 131.8% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | 92.5% | 168.6% | ||
| Q3 24 | 143.9% | 84.1% | ||
| Q2 24 | — | 76.5% | ||
| Q1 24 | — | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | 0.29× | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.42× | -1.87× | ||
| Q3 24 | -26.94× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIVE
Segment breakdown not available.
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
