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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Voyager Technologies, Inc. (VOYG). 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 $35.2M, roughly 2.6× Voyager Technologies, Inc.). HIVE Digital Technologies Ltd. runs the higher net margin — -98.1% vs -130.4%, a 32.3% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 2.1%).

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.

HIVE vs VOYG — Head-to-Head

Bigger by revenue
HIVE
HIVE
2.6× larger
HIVE
$93.1M
$35.2M
VOYG
Growing faster (revenue YoY)
HIVE
HIVE
+216.4% gap
HIVE
218.6%
2.1%
VOYG
Higher net margin
HIVE
HIVE
32.3% more per $
HIVE
-98.1%
-130.4%
VOYG

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
HIVE
HIVE
VOYG
VOYG
Revenue
$93.1M
$35.2M
Net Profit
$-91.3M
$-45.9M
Gross Margin
-27.1%
-4.4%
Operating Margin
Net Margin
-98.1%
-130.4%
Revenue YoY
218.6%
2.1%
Net Profit YoY
-234.0%
-64.5%
EPS (diluted)
$-0.38
$-0.75

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
VOYG
VOYG
Q1 26
$35.2M
Q4 25
$93.1M
$46.7M
Q3 25
$87.3M
$39.6M
Q2 25
$45.6M
$45.7M
Q4 24
$29.2M
Q3 24
$22.6M
Q2 24
$32.2M
Q4 23
$22.8M
Net Profit
HIVE
HIVE
VOYG
VOYG
Q1 26
$-45.9M
Q4 25
$-91.3M
$-33.0M
Q3 25
$-15.8M
$-16.3M
Q2 25
$35.0M
$-31.4M
Q4 24
$68.2M
Q3 24
$80.0K
Q2 24
$-18.3M
Q4 23
$-24.5M
Gross Margin
HIVE
HIVE
VOYG
VOYG
Q1 26
-4.4%
Q4 25
-27.1%
21.4%
Q3 25
4.7%
15.4%
Q2 25
-13.6%
18.0%
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q4 23
-52.3%
Operating Margin
HIVE
HIVE
VOYG
VOYG
Q1 26
Q4 25
Q3 25
-60.7%
Q2 25
-52.8%
Q4 24
Q3 24
Q2 24
Q4 23
Net Margin
HIVE
HIVE
VOYG
VOYG
Q1 26
-130.4%
Q4 25
-98.1%
-70.7%
Q3 25
-18.1%
-41.1%
Q2 25
76.8%
-68.7%
Q4 24
233.2%
Q3 24
0.4%
Q2 24
-56.7%
Q4 23
-107.8%
EPS (diluted)
HIVE
HIVE
VOYG
VOYG
Q1 26
$-0.75
Q4 25
$-0.38
$-0.52
Q3 25
$-0.07
$-0.28
Q2 25
$0.18
$-1.23
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
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$404.5M
Total Assets
$624.0M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
VOYG
VOYG
Q1 26
$429.4M
Q4 25
$491.3M
Q3 25
$413.3M
Q2 25
$468.9M
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
Q4 23
$4.5M
Stockholders' Equity
HIVE
HIVE
VOYG
VOYG
Q1 26
$404.5M
Q4 25
$559.3M
Q3 25
$624.6M
$590.9M
Q2 25
$560.5M
$554.7M
Q4 24
$430.9M
Q3 24
$275.5M
Q2 24
$268.6M
Q4 23
$122.9M
Total Assets
HIVE
HIVE
VOYG
VOYG
Q1 26
$1.0B
Q4 25
$624.0M
Q3 25
$693.0M
$727.8M
Q2 25
$628.7M
$685.3M
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
VOYG
VOYG
Operating Cash FlowLast quarter
$46.0M
$-39.7M
Free Cash FlowOCF − Capex
$-66.8M
FCF MarginFCF / Revenue
-189.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
VOYG
VOYG
Q1 26
$-39.7M
Q4 25
$46.0M
$-60.9M
Q3 25
$-10.6M
$-15.1M
Q2 25
$10.2M
$-30.9M
Q4 24
$-28.5M
Q3 24
$-2.2M
Q2 24
$-4.4M
Q4 23
Free Cash Flow
HIVE
HIVE
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$-54.5M
Q3 25
$-53.8M
Q2 25
$-88.8M
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q4 23
FCF Margin
HIVE
HIVE
VOYG
VOYG
Q1 26
-189.5%
Q4 25
-116.9%
Q3 25
-135.8%
Q2 25
-194.4%
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q4 23
Capex Intensity
HIVE
HIVE
VOYG
VOYG
Q1 26
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q4 23
Cash Conversion
HIVE
HIVE
VOYG
VOYG
Q1 26
Q4 25
Q3 25
Q2 25
0.29×
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.

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