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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

GeneDx Holdings Corp. is the larger business by last-quarter revenue ($121.0M vs $93.1M, roughly 1.3× HIVE Digital Technologies Ltd.). GeneDx Holdings Corp. runs the higher net margin — -14.6% vs -98.1%, a 83.5% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 26.5%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 39.2%).

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.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

HIVE vs WGS — Head-to-Head

Bigger by revenue
WGS
WGS
1.3× larger
WGS
$121.0M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+192.1% gap
HIVE
218.6%
26.5%
WGS
Higher net margin
WGS
WGS
83.5% more per $
WGS
-14.6%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
39.2%
WGS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HIVE
HIVE
WGS
WGS
Revenue
$93.1M
$121.0M
Net Profit
$-91.3M
$-17.7M
Gross Margin
-27.1%
69.6%
Operating Margin
-11.8%
Net Margin
-98.1%
-14.6%
Revenue YoY
218.6%
26.5%
Net Profit YoY
-234.0%
-424.9%
EPS (diluted)
$-0.38
$-0.59

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
WGS
WGS
Q4 25
$93.1M
$121.0M
Q3 25
$87.3M
$116.7M
Q2 25
$45.6M
$102.7M
Q1 25
$87.1M
Q4 24
$29.2M
$95.6M
Q3 24
$22.6M
$76.9M
Q2 24
$32.2M
$70.5M
Q1 24
$62.4M
Net Profit
HIVE
HIVE
WGS
WGS
Q4 25
$-91.3M
$-17.7M
Q3 25
$-15.8M
$-7.6M
Q2 25
$35.0M
$10.8M
Q1 25
$-6.5M
Q4 24
$68.2M
$5.4M
Q3 24
$80.0K
$-8.3M
Q2 24
$-18.3M
$-29.2M
Q1 24
$-20.2M
Gross Margin
HIVE
HIVE
WGS
WGS
Q4 25
-27.1%
69.6%
Q3 25
4.7%
72.4%
Q2 25
-13.6%
69.0%
Q1 25
67.1%
Q4 24
-43.7%
69.2%
Q3 24
-66.1%
62.2%
Q2 24
-7.4%
60.9%
Q1 24
59.9%
Operating Margin
HIVE
HIVE
WGS
WGS
Q4 25
-11.8%
Q3 25
-2.8%
Q2 25
8.7%
Q1 25
-5.2%
Q4 24
9.2%
Q3 24
-10.1%
Q2 24
-15.0%
Q1 24
-21.9%
Net Margin
HIVE
HIVE
WGS
WGS
Q4 25
-98.1%
-14.6%
Q3 25
-18.1%
-6.5%
Q2 25
76.8%
10.5%
Q1 25
-7.5%
Q4 24
233.2%
5.7%
Q3 24
0.4%
-10.8%
Q2 24
-56.7%
-41.4%
Q1 24
-32.4%
EPS (diluted)
HIVE
HIVE
WGS
WGS
Q4 25
$-0.38
$-0.59
Q3 25
$-0.07
$-0.27
Q2 25
$0.18
$0.36
Q1 25
$-0.23
Q4 24
$0.52
$0.25
Q3 24
$0.00
$-0.31
Q2 24
$-0.17
$-1.10
Q1 24
$-0.78

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$171.3M
Total DebtLower is stronger
$54.5M
Stockholders' EquityBook value
$559.3M
$308.2M
Total Assets
$624.0M
$523.7M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
WGS
WGS
Q4 25
$171.3M
Q3 25
$155.1M
Q2 25
$134.6M
Q1 25
$159.2M
Q4 24
$40.5M
$141.2M
Q3 24
$31.7M
$116.5M
Q2 24
$106.9M
Q1 24
$112.9M
Total Debt
HIVE
HIVE
WGS
WGS
Q4 25
$54.5M
Q3 25
$54.8M
Q2 25
$55.1M
Q1 25
$55.5M
Q4 24
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Q1 24
$56.3M
Stockholders' Equity
HIVE
HIVE
WGS
WGS
Q4 25
$559.3M
$308.2M
Q3 25
$624.6M
$292.3M
Q2 25
$560.5M
$277.1M
Q1 25
$257.4M
Q4 24
$430.9M
$245.2M
Q3 24
$275.5M
$204.5M
Q2 24
$268.6M
$194.0M
Q1 24
$207.2M
Total Assets
HIVE
HIVE
WGS
WGS
Q4 25
$624.0M
$523.7M
Q3 25
$693.0M
$493.9M
Q2 25
$628.7M
$463.9M
Q1 25
$446.4M
Q4 24
$478.6M
$419.4M
Q3 24
$334.7M
$408.8M
Q2 24
$389.1M
Q1 24
$394.5M
Debt / Equity
HIVE
HIVE
WGS
WGS
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.23×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.27×

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
WGS
WGS
Operating Cash FlowLast quarter
$46.0M
$-3.1M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
WGS
WGS
Q4 25
$46.0M
$-3.1M
Q3 25
$-10.6M
$15.8M
Q2 25
$10.2M
$10.4M
Q1 25
$10.2M
Q4 24
$-28.5M
$-3.2M
Q3 24
$-2.2M
$-4.4M
Q2 24
$-4.4M
$-4.5M
Q1 24
$-16.4M
Free Cash Flow
HIVE
HIVE
WGS
WGS
Q4 25
$-7.4M
Q3 25
$9.6M
Q2 25
$8.1M
Q1 25
$4.1M
Q4 24
$-55.5M
$-6.2M
Q3 24
$-34.7M
$-5.0M
Q2 24
$-5.9M
Q1 24
$-16.9M
FCF Margin
HIVE
HIVE
WGS
WGS
Q4 25
-6.1%
Q3 25
8.2%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
-189.9%
-6.5%
Q3 24
-153.4%
-6.6%
Q2 24
-8.3%
Q1 24
-27.0%
Capex Intensity
HIVE
HIVE
WGS
WGS
Q4 25
3.6%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
7.0%
Q4 24
92.5%
3.2%
Q3 24
143.9%
0.8%
Q2 24
1.9%
Q1 24
0.7%
Cash Conversion
HIVE
HIVE
WGS
WGS
Q4 25
Q3 25
Q2 25
0.29×
0.96×
Q1 25
Q4 24
-0.42×
-0.59×
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.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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