vs

Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Twin Hospitality Group Inc. (TWNP). 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 $82.3M, roughly 1.1× Twin Hospitality Group Inc.). Twin Hospitality Group Inc. runs the higher net margin — -29.7% vs -98.1%, a 68.3% gap on every dollar of revenue.

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

HIVE vs TWNP — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.1× larger
HIVE
$93.1M
$82.3M
TWNP
Higher net margin
TWNP
TWNP
68.3% more per $
TWNP
-29.7%
-98.1%
HIVE

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
HIVE
HIVE
TWNP
TWNP
Revenue
$93.1M
$82.3M
Net Profit
$-91.3M
$-24.5M
Gross Margin
-27.1%
Operating Margin
-16.2%
Net Margin
-98.1%
-29.7%
Revenue YoY
218.6%
Net Profit YoY
-234.0%
EPS (diluted)
$-0.38
$-0.43

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
TWNP
TWNP
Q4 25
$93.1M
Q3 25
$87.3M
$82.3M
Q2 25
$45.6M
$87.8M
Q1 25
$87.1M
Q4 24
$29.2M
Q3 24
$22.6M
Q2 24
$32.2M
Q4 23
$22.8M
Net Profit
HIVE
HIVE
TWNP
TWNP
Q4 25
$-91.3M
Q3 25
$-15.8M
$-24.5M
Q2 25
$35.0M
$-20.8M
Q1 25
$-12.1M
Q4 24
$68.2M
Q3 24
$80.0K
Q2 24
$-18.3M
Q4 23
$-24.5M
Gross Margin
HIVE
HIVE
TWNP
TWNP
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%
Q4 23
-52.3%
Operating Margin
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
-16.2%
Q2 25
-13.2%
Q1 25
-1.2%
Q4 24
Q3 24
Q2 24
Q4 23
Net Margin
HIVE
HIVE
TWNP
TWNP
Q4 25
-98.1%
Q3 25
-18.1%
-29.7%
Q2 25
76.8%
-23.7%
Q1 25
-13.9%
Q4 24
233.2%
Q3 24
0.4%
Q2 24
-56.7%
Q4 23
-107.8%
EPS (diluted)
HIVE
HIVE
TWNP
TWNP
Q4 25
$-0.38
Q3 25
$-0.07
$-0.43
Q2 25
$0.18
$-0.38
Q1 25
$-0.26
Q4 24
$0.52
Q3 24
$0.00
Q2 24
$-0.17
Q4 23
$-0.29

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$559.3M
$-92.1M
Total Assets
$624.0M
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
Q4 23
$4.5M
Total Debt
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Q4 23
Stockholders' Equity
HIVE
HIVE
TWNP
TWNP
Q4 25
$559.3M
Q3 25
$624.6M
$-92.1M
Q2 25
$560.5M
$-78.6M
Q1 25
$-101.9M
Q4 24
$430.9M
Q3 24
$275.5M
Q2 24
$268.6M
Q4 23
$122.9M
Total Assets
HIVE
HIVE
TWNP
TWNP
Q4 25
$624.0M
Q3 25
$693.0M
$516.8M
Q2 25
$628.7M
$535.1M
Q1 25
$544.2M
Q4 24
$478.6M
Q3 24
$334.7M
Q2 24
Q4 23

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
TWNP
TWNP
Operating Cash FlowLast quarter
$46.0M
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
TWNP
TWNP
Q4 25
$46.0M
Q3 25
$-10.6M
$-5.9M
Q2 25
$10.2M
$-8.8M
Q1 25
$-5.7M
Q4 24
$-28.5M
Q3 24
$-2.2M
Q2 24
$-4.4M
Q4 23
Free Cash Flow
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
$-7.4M
Q2 25
$-10.6M
Q1 25
$-9.7M
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q4 23
FCF Margin
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
-9.0%
Q2 25
-12.1%
Q1 25
-11.2%
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q4 23
Capex Intensity
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
1.9%
Q2 25
2.1%
Q1 25
4.6%
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q4 23
Cash Conversion
HIVE
HIVE
TWNP
TWNP
Q4 25
Q3 25
Q2 25
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24
Q4 23

Financial Flow Comparison

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

Related Comparisons