HIVE Digital Technologies Ltd Financials
This page shows HIVE Digital Technologies Ltd (HIVE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-heavy expansion is being funded externally, while positive operating cash flow depends more on depreciation than margin strength.
From FY2024 to FY2025, revenue stayed near$115M even as the asset base almost doubled. Because financing inflows of$181M roughly offset investing outflows, while operating cash flow was only$16.6M and gross profit stayed negative, the expansion is being carried by new capital rather than by self-funding operations.
The combination of negative gross margin and positive operating cash means the business did not cover direct operating costs before overhead, yet still produced cash because non-cash charges are large. Depreciation was about
Liquidity remains comfortable, but it is less surplus than a year ago: the current ratio moved from 6.8x to 3.7x as assets were added faster than near-term obligations were reduced. With liabilities of only
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of HIVE Digital Technologies Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
HIVE Digital Technologies Ltd's revenue surged 158.3% year-over-year to $297.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
HIVE Digital Technologies Ltd carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
HIVE Digital Technologies Ltd's current ratio of 1.10 is below the typical benchmark, resulting in a score of 17/100. This tight liquidity could limit financial flexibility if cash inflows slow.
HIVE Digital Technologies Ltd has a free cash flow margin of 15.4%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
HIVE Digital Technologies Ltd generates a -28.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -0.7% the prior year.
HIVE Digital Technologies Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, HIVE Digital Technologies Ltd generates $-0.42 in operating cash flow ($62.3M OCF vs -$148.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
HIVE Digital Technologies Ltd generated $297.8M in revenue in fiscal year 2026. This represents an increase of 158.3% from the prior year.
HIVE Digital Technologies Ltd reported -$148.4M in net income in fiscal year 2026. This represents a decrease of 4854.9% from the prior year.
HIVE Digital Technologies Ltd earned $-0.66 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 3200.0% from the prior year.
Cash & Balance Sheet
HIVE Digital Technologies Ltd generated $42.8M in free cash flow in fiscal year 2026, representing cash available after capex.
HIVE Digital Technologies Ltd held $23.1M in cash against $0 in long-term debt as of fiscal year 2026.
HIVE Digital Technologies Ltd had 267M shares outstanding in fiscal year 2026. This represents an increase of 61.5% from the prior year.
Margins & Returns
HIVE Digital Technologies Ltd's gross margin was -21.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 13.1 percentage points from the prior year.
HIVE Digital Technologies Ltd's net profit margin was -49.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 47.3 percentage points from the prior year.
HIVE Digital Technologies Ltd's ROE was -28.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 27.4 percentage points from the prior year.
Capital Allocation
HIVE Digital Technologies Ltd invested $19.5M in capex in fiscal year 2026, funding long-term assets and infrastructure.
HIVE Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.8M-22.9% | $93.1M+6.7% | $87.3M+91.3% | $45.6M+46.4% | $31.2M+6.6% | $29.2M+29.1% | $22.6M-29.8% | $32.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | -$35.2M-39.2% | -$25.3M-714.7% | $4.1M+166.4% | -$6.2M+32.6% | -$9.2M+28.1% | -$12.8M+14.7% | -$15.0M-523.9% | -$2.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.4M+11.2% | $8.4M+8.3% | $7.8M+35.7% | $5.8M+9.3% | $5.3M+15.2% | $4.6M+35.0% | $3.4M-1.8% | $3.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $385K+318.5% | $92K+16.5% | $79K+9.7% | $72K-12.2% | $82K-24.8% | $109K-7.6% | $118K+12.4% | $105K |
| Income Tax | $1.7M+243.3% | $496K-51.3% | $1.0M+57.0% | $649K-79.5% | $3.2M+2468.3% | $123K-61.3% | $318K-68.5% | $1.0M |
| Net Income | -$76.3M+16.4% | -$91.3M-478.1% | -$15.8M-145.1% | $35.0M+166.1% | -$52.9M-177.7% | $68.2M+85100.0% | $80K+100.4% | -$18.3M |
| EPS (Diluted) | N/A | $-0.38-442.9% | $-0.07-138.9% | $0.18 | N/A | $0.52 | $0.00+100.0% | $-0.17 |
HIVE Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $639.1M+2.4% | $624.0M-10.0% | $693.0M+10.2% | $628.7M+18.3% | $531.6M | N/A | N/A | N/A |
| Current Assets | $59.8M-34.1% | $90.9M-33.5% | $136.7M-24.3% | $180.6M-25.3% | $241.7M | N/A | N/A | N/A |
| Cash & Equivalents | $23.1M+64.3% | $14.1M-37.9% | $22.6M-8.0% | $24.6M+5.2% | $23.4M+137.4% | $9.8M+36.0% | $7.2M-71.7% | $25.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $109.8M+69.6% | $64.7M-5.3% | $68.4M+0.2% | $68.2M-17.3% | $82.5M | N/A | N/A | N/A |
| Current Liabilities | $54.4M+4.1% | $52.3M-2.5% | $53.6M+1.5% | $52.8M-19.9% | $66.0M | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $529.4M-5.3% | $559.3M-10.5% | $624.6M+11.4% | $560.5M+24.8% | $449.1M+4.2% | $430.9M+56.4% | $275.5M+2.6% | $268.6M |
| Retained Earnings | -$422.3M-22.1% | -$346.0M-35.9% | -$254.6M-6.6% | -$238.8M+12.8% | -$273.9M | N/A | N/A | N/A |
HIVE Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.7M-63.6% | $46.0M+533.3% | -$10.6M-203.8% | $10.2M-80.2% | $51.6M+281.4% | -$28.5M-1220.8% | -$2.2M+50.9% | -$4.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$47.0M+30.6% | -$67.8M-46.9% | -$46.1M+25.5% | -$62.0M+39.5% | -$102.4M-92.0% | -$53.4M-182.2% | -$18.9M-108.7% | -$9.1M |
| Financing Cash Flow | $39.3M+197.4% | $13.2M-75.7% | $54.5M+3.1% | $52.9M-17.6% | $64.1M-24.2% | $84.6M+3104.3% | $2.6M-91.0% | $29.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HIVE Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -49.0%-21.8pp | -27.2%-31.9pp | 4.7%+18.3pp | -13.6%+15.9pp | -29.5%+14.2pp | -43.7%+22.4pp | -66.1%-58.7pp | -7.4% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -106.3%-8.2pp | -98.1%-80.0pp | -18.1%-94.9pp | 76.8%+246.7pp | -169.9%-403.1pp | 233.2%+232.8pp | 0.4%+57.1pp | -56.7% |
| Return on Equity | -14.4%+1.9pp | -16.3%-13.8pp | -2.5%-8.8pp | 6.3%+18.0pp | -11.8%-27.6pp | 15.8%+15.8pp | 0.0%+6.8pp | -6.8% |
| Return on Assets | -11.9%+2.7pp | -14.6%-12.4pp | -2.3%-7.8pp | 5.6%+15.5pp | -10.0% | N/A | N/A | N/A |
| Current Ratio | 1.10-0.6 | 1.74-0.8 | 2.55-0.9 | 3.42-0.2 | 3.66 | N/A | N/A | N/A |
| Debt-to-Equity | 0.21+0.1 | 0.120.0 | 0.11-0.0 | 0.12-0.1 | 0.18 | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is HIVE Digital Technologies Ltd's annual revenue?
HIVE Digital Technologies Ltd (HIVE) reported $297.8M in total revenue for fiscal year 2026. This represents a 158.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HIVE Digital Technologies Ltd's revenue growing?
HIVE Digital Technologies Ltd (HIVE) revenue grew by 158.3% year-over-year, from $115.3M to $297.8M in fiscal year 2026.
Is HIVE Digital Technologies Ltd profitable?
No, HIVE Digital Technologies Ltd (HIVE) reported a net income of -$148.4M in fiscal year 2026, with a net profit margin of -49.9%.
What is HIVE Digital Technologies Ltd's gross margin?
HIVE Digital Technologies Ltd (HIVE) had a gross margin of -21.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is HIVE Digital Technologies Ltd's net profit margin?
HIVE Digital Technologies Ltd (HIVE) had a net profit margin of -49.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is HIVE Digital Technologies Ltd's return on equity (ROE)?
HIVE Digital Technologies Ltd (HIVE) has a return on equity of -28.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is HIVE Digital Technologies Ltd's free cash flow?
HIVE Digital Technologies Ltd (HIVE) generated $42.8M in free cash flow during fiscal year 2026. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is HIVE Digital Technologies Ltd's operating cash flow?
HIVE Digital Technologies Ltd (HIVE) generated $62.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are HIVE Digital Technologies Ltd's total assets?
HIVE Digital Technologies Ltd (HIVE) had $639.1M in total assets as of fiscal year 2026, including both current and long-term assets.
What are HIVE Digital Technologies Ltd's capital expenditures?
HIVE Digital Technologies Ltd (HIVE) invested $19.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is HIVE Digital Technologies Ltd's current ratio?
HIVE Digital Technologies Ltd (HIVE) had a current ratio of 1.10 as of fiscal year 2026, which is considered adequate.
What is HIVE Digital Technologies Ltd's debt-to-equity ratio?
HIVE Digital Technologies Ltd (HIVE) had a debt-to-equity ratio of 0.21 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HIVE Digital Technologies Ltd's return on assets (ROA)?
HIVE Digital Technologies Ltd (HIVE) had a return on assets of -23.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is HIVE Digital Technologies Ltd's Piotroski F-Score?
HIVE Digital Technologies Ltd (HIVE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HIVE Digital Technologies Ltd's earnings high quality?
HIVE Digital Technologies Ltd (HIVE) has an earnings quality ratio of -0.42x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is HIVE Digital Technologies Ltd?
HIVE Digital Technologies Ltd (HIVE) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.