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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). 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 $91.6M, roughly 1.0× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -98.1%, a 92.2% 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 15.0%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
HIVE vs SHEN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $91.6M |
| Net Profit | $-91.3M | $-5.4M |
| Gross Margin | -27.1% | — |
| Operating Margin | — | -1.0% |
| Net Margin | -98.1% | -5.9% |
| Revenue YoY | 218.6% | 7.2% |
| Net Profit YoY | -234.0% | -95.8% |
| EPS (diluted) | $-0.38 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $87.3M | $89.8M | ||
| Q2 25 | $45.6M | $88.6M | ||
| Q1 25 | — | $87.9M | ||
| Q4 24 | $29.2M | $85.4M | ||
| Q3 24 | $22.6M | $87.6M | ||
| Q2 24 | $32.2M | $85.8M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | $-91.3M | $-5.4M | ||
| Q3 25 | $-15.8M | $-9.4M | ||
| Q2 25 | $35.0M | $-9.0M | ||
| Q1 25 | — | $-9.1M | ||
| Q4 24 | $68.2M | $-2.7M | ||
| Q3 24 | $80.0K | $-5.3M | ||
| Q2 24 | $-18.3M | $-12.9M | ||
| Q1 24 | — | $214.7M |
| 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 | — | -1.0% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -4.8% | ||
| Q2 24 | — | -18.5% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | -98.1% | -5.9% | ||
| Q3 25 | -18.1% | -10.5% | ||
| Q2 25 | 76.8% | -10.2% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | 233.2% | -3.2% | ||
| Q3 24 | 0.4% | -6.0% | ||
| Q2 24 | -56.7% | -15.0% | ||
| Q1 24 | — | 310.0% |
| Q4 25 | $-0.38 | $-0.13 | ||
| Q3 25 | $-0.07 | $-0.20 | ||
| Q2 25 | $0.18 | $-0.19 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | $0.52 | $-0.34 | ||
| Q3 24 | $0.00 | $-0.13 | ||
| Q2 24 | $-0.17 | $-0.24 | ||
| Q1 24 | — | $4.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $559.3M | $880.8M |
| Total Assets | $624.0M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $87.5M | ||
| Q4 24 | $40.5M | $46.3M | ||
| Q3 24 | $31.7M | $43.1M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | — | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $559.3M | $880.8M | ||
| Q3 25 | $624.6M | $892.7M | ||
| Q2 25 | $560.5M | $902.0M | ||
| Q1 25 | — | $910.5M | ||
| Q4 24 | $430.9M | $918.6M | ||
| Q3 24 | $275.5M | $925.4M | ||
| Q2 24 | $268.6M | $933.1M | ||
| Q1 24 | — | $871.6M |
| Q4 25 | $624.0M | $1.9B | ||
| Q3 25 | $693.0M | $1.9B | ||
| Q2 25 | $628.7M | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $478.6M | $1.7B | ||
| Q3 24 | $334.7M | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.0M | $28.8M | ||
| Q3 25 | $-10.6M | $30.7M | ||
| Q2 25 | $10.2M | $20.9M | ||
| Q1 25 | — | $20.5M | ||
| Q4 24 | $-28.5M | $20.6M | ||
| Q3 24 | $-2.2M | $24.3M | ||
| Q2 24 | $-4.4M | $2.5M | ||
| Q1 24 | — | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | $-55.5M | $-72.0M | ||
| Q3 24 | $-34.7M | $-51.3M | ||
| Q2 24 | — | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | -189.9% | -84.3% | ||
| Q3 24 | -153.4% | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | 92.5% | 108.4% | ||
| Q3 24 | 143.9% | 86.2% | ||
| Q2 24 | — | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.42× | — | ||
| Q3 24 | -26.94× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIVE
Segment breakdown not available.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
