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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Schrodinger, Inc. (SDGR). 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 $87.2M, roughly 1.1× Schrodinger, Inc.). Schrodinger, Inc. runs the higher net margin — 37.3% vs -98.1%, a 135.4% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -1.2%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 54.4%).

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.

Schrodinger, Inc. is a leading provider of advanced computational chemistry and physics software platforms, along with related consulting services, focused on accelerating drug discovery and novel materials development. Its solutions are adopted by biopharmaceutical companies, chemical manufacturers, academic research institutions and government entities across North America, Europe and Asia Pacific to cut R&D costs and shorten innovation cycles.

HIVE vs SDGR — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.1× larger
HIVE
$93.1M
$87.2M
SDGR
Growing faster (revenue YoY)
HIVE
HIVE
+219.8% gap
HIVE
218.6%
-1.2%
SDGR
Higher net margin
SDGR
SDGR
135.4% more per $
SDGR
37.3%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
54.4%
SDGR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
SDGR
SDGR
Revenue
$93.1M
$87.2M
Net Profit
$-91.3M
$32.5M
Gross Margin
-27.1%
65.7%
Operating Margin
-19.7%
Net Margin
-98.1%
37.3%
Revenue YoY
218.6%
-1.2%
Net Profit YoY
-234.0%
180.8%
EPS (diluted)
$-0.38
$0.45

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
SDGR
SDGR
Q4 25
$93.1M
$87.2M
Q3 25
$87.3M
$54.3M
Q2 25
$45.6M
$54.8M
Q1 25
$59.6M
Q4 24
$29.2M
$88.3M
Q3 24
$22.6M
$35.3M
Q2 24
$32.2M
$47.3M
Q1 24
$36.6M
Net Profit
HIVE
HIVE
SDGR
SDGR
Q4 25
$-91.3M
$32.5M
Q3 25
$-15.8M
$-32.8M
Q2 25
$35.0M
$-43.2M
Q1 25
$-59.8M
Q4 24
$68.2M
$-40.2M
Q3 24
$80.0K
$-38.1M
Q2 24
$-18.3M
$-54.0M
Q1 24
$-54.7M
Gross Margin
HIVE
HIVE
SDGR
SDGR
Q4 25
-27.1%
65.7%
Q3 25
4.7%
51.6%
Q2 25
-13.6%
47.8%
Q1 25
52.3%
Q4 24
-43.7%
72.6%
Q3 24
-66.1%
50.2%
Q2 24
-7.4%
66.2%
Q1 24
51.6%
Operating Margin
HIVE
HIVE
SDGR
SDGR
Q4 25
-19.7%
Q3 25
-84.6%
Q2 25
-96.6%
Q1 25
-85.5%
Q4 24
-23.5%
Q3 24
-193.9%
Q2 24
-111.4%
Q1 24
-184.3%
Net Margin
HIVE
HIVE
SDGR
SDGR
Q4 25
-98.1%
37.3%
Q3 25
-18.1%
-60.4%
Q2 25
76.8%
-78.8%
Q1 25
-100.4%
Q4 24
233.2%
-45.5%
Q3 24
0.4%
-108.1%
Q2 24
-56.7%
-114.2%
Q1 24
-149.5%
EPS (diluted)
HIVE
HIVE
SDGR
SDGR
Q4 25
$-0.38
$0.45
Q3 25
$-0.07
$-0.45
Q2 25
$0.18
$-0.59
Q1 25
$-0.82
Q4 24
$0.52
$-0.55
Q3 24
$0.00
$-0.52
Q2 24
$-0.17
$-0.74
Q1 24
$-0.76

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
SDGR
SDGR
Cash + ST InvestmentsLiquidity on hand
$395.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$364.1M
Total Assets
$624.0M
$726.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
SDGR
SDGR
Q4 25
$395.5M
Q3 25
$391.2M
Q2 25
$450.2M
Q1 25
$500.3M
Q4 24
$40.5M
$352.1M
Q3 24
$31.7M
$388.7M
Q2 24
$377.3M
Q1 24
$431.1M
Stockholders' Equity
HIVE
HIVE
SDGR
SDGR
Q4 25
$559.3M
$364.1M
Q3 25
$624.6M
$321.4M
Q2 25
$560.5M
$342.9M
Q1 25
$373.5M
Q4 24
$430.9M
$421.4M
Q3 24
$275.5M
$449.4M
Q2 24
$268.6M
$474.0M
Q1 24
$513.7M
Total Assets
HIVE
HIVE
SDGR
SDGR
Q4 25
$624.0M
$726.2M
Q3 25
$693.0M
$653.7M
Q2 25
$628.7M
$688.2M
Q1 25
$743.0M
Q4 24
$478.6M
$823.2M
Q3 24
$334.7M
$669.3M
Q2 24
$688.4M
Q1 24
$737.8M

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
SDGR
SDGR
Operating Cash FlowLast quarter
$46.0M
$-16.1M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-18.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
SDGR
SDGR
Q4 25
$46.0M
$-16.1M
Q3 25
$-10.6M
$-61.9M
Q2 25
$10.2M
$-52.2M
Q1 25
$144.1M
Q4 24
$-28.5M
$-31.1M
Q3 24
$-2.2M
$-33.3M
Q2 24
$-4.4M
$-53.7M
Q1 24
$-39.3M
Free Cash Flow
HIVE
HIVE
SDGR
SDGR
Q4 25
$-16.1M
Q3 25
$-62.4M
Q2 25
$-52.5M
Q1 25
$143.5M
Q4 24
$-55.5M
$-32.0M
Q3 24
$-34.7M
$-34.6M
Q2 24
$-54.7M
Q1 24
$-43.4M
FCF Margin
HIVE
HIVE
SDGR
SDGR
Q4 25
-18.5%
Q3 25
-114.8%
Q2 25
-95.9%
Q1 25
240.9%
Q4 24
-189.9%
-36.2%
Q3 24
-153.4%
-98.0%
Q2 24
-115.6%
Q1 24
-118.5%
Capex Intensity
HIVE
HIVE
SDGR
SDGR
Q4 25
0.0%
Q3 25
0.9%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
92.5%
1.0%
Q3 24
143.9%
3.8%
Q2 24
2.1%
Q1 24
11.2%
Cash Conversion
HIVE
HIVE
SDGR
SDGR
Q4 25
-0.50×
Q3 25
Q2 25
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
-26.94×
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.

SDGR
SDGR

On Premise Software$44.4M51%
Drug Discovery Services$17.6M20%
Hosted Software$11.5M13%
Maintenance$6.9M8%
Professional Services$3.8M4%
July2024Agreement With Bill Melinda Gates Foundation$2.7M3%

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