HIVE Digital Technologies Ltd. (HIVE) financials
NASDAQ · Technology · Information Technology Services · 29 employees · CEO Aydin Kilic
- Price
- $1.91 -7.73%
- Market cap
- $524M
- Enterprise value
- $690M
- Last report
- Q1 '27 filed 2026-08-14
- Next report
- 2026-11-13
Revenue (TTM)$329M+156.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-60.7%-84.6 pp vs a year agoOperating income -$200M
Net income (TTM)-$323M-1,222.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$125M+30.2% vs a year agoCapex $181M
Diluted EPS (TTM)-$1.38-1,193.5% vs a year agoSum of the last 4 quarters
Net cash-$144M-895.4% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $524M EV $690M
- Revenue
- $329M Trailing 12 months
- Revenue growth
- +21% FY2027 consensus
- Profit margin
- -98.0% Net income / revenue, TTM
- P/E
- -1.4× Forward -2.1× (FY2027)
- P/S
- 1.6× Price / sales, TTM
- EV / EBITDA
- 77.2× TTM
- Free cash flow
- -$125M Trailing 12 months
- Net income
- -$323M Trailing 12 months
- Revenue estimate
- $359M FY2027 consensus
- Earnings
- 2026-11-13
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth slowing: 69.1% year on yearQ1 '27 revenue $77.1M, against an average of 168.9% over the four quarters before.
- Operating margin -60.7% (TTM), -84.6 pp on a year agoOperating income grew -749.2% while revenue grew 156.0%.
- Capex 54.9% of revenue (a year ago 161.9%)$181M invested in the last 4 quarters (-13.2% on a year earlier). Free cash flow -$125M.
- Diluted share count up 38.1% in a year266M diluted shares in Q1 '27, 193M a year earlier.
- Net debt $144MCash + short-term investments $230M, debt incl. leases $374M; a year ago net cash $18.1M.
Last quarter: Q1 '27
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $77.1M | $45.6M | +69.1% |
| Gross margin | -37.3% | 34.7% | -72.0 pp |
| Operating income | -$44.4M | $35.7M | -224.6% |
| Operating margin | -57.6% | 78.2% | -135.8 pp |
| Net income | -$139M | $35M | -497.8% |
| Diluted EPS | -$0.54 | $0.18 | -400.0% |
| Operating cash flow | $4.06M | $10.2M | -60.3% |
| Capex | $49.7M | $47.4M | +4.9% |
| Free cash flow | -$45.6M | -$37.1M | -22.9% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $7.08M | $5.75M | +23.2% |
Revenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '20 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Software Subscriptions and Services | – | – | – | – | – | |
| Subscription and Support | – | – | – | – | – | |
| Product | $24.7M | – | 65.1% | – | – | |
| Service | $13.3M | – | 34.9% | – | – |
Revenue by region
share of total| Segment | Q1 '20 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Americas | $24.1M | +3.1% | 63.4% | $159M | -2.3% | |
| EMEA | $11.3M | -10.8% | 29.7% | $85.1M | +6.8% | |
| Asia Pacific | $2.61M | -40.9% | 6.9% | $21.9M | -5.7% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $56.2M
- Capex
- -$181M
- Buybacks
- $0
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- $176M
- Stock-based compensation
- $26.8M
- Free cash flow
- -$125M
- Returned to shareholders / FCF
- 0.0%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -1.4× | 11.0× 2 of 5 years | 10.4× – 11.6× |
| EV / EBITDA | 77.2× | 8.4× 4 of 5 years | 3.3× – 17.5× |
| EV / Sales | 2.1× | 2.7× | 1.6× – 4.1× |
| Price / FCF | -4.2× | 139.6× 1 of 5 years | 139.6× – 139.6× |
| Price / Book | 1.2× | 1.3× | 0.4× – 2.1× |
| FCF yield | -23.8% | -29.7% | -85.0% – 0.7% |
| Return on invested capital | -25.1% | 7.3% | -19.9% – 32.4% |
| Return on equity | -60.4% | -31.4% | -158.8% – 20.5% |
Analysts
Consensus target $7.00 (+266.5%)
range $5.50 – $8.00 · rating Buy
Strong buy0
Buy8
Hold2
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $359M | +20.5% | -$0.92 | -39.2% | -2.1× | 2 |
| FY2028 | $524M | +45.9% | -$0.32 | +64.9% | -5.9× | 2 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 171 figures HIVE Digital Technologies Ltd. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $765K | $17.3M | -95.6% | $10.7M | -$3.68M | +391.2% | |
| Accounts and Other Receivables, Net, Current | $17.7M2026-03-31 | $18.4M | -3.5% | $17.7M | $18.4M | -3.5% |
| Accounts Payable and Accrued Liabilities, Current | $118M | – | – | $27M | $15.4M | +75.9% |
| Accounts Payable, Current | $12.8M | – | – | $10.7M | $11.7M | -8.4% |
| Accounts Receivable, after Allowance for Credit Loss | $20.9M | – | – | – | – | – |
| Accounts Receivable, after Allowance for Credit Loss, Current | $18.9M | – | – | – | – | – |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $2.05M | – | – | $2.15M | $6.6M | -67.5% |
| Accounts Receivable, before Allowance for Credit Loss | $25.8M | – | – | $22.7M | $25M | -9.3% |
| Accrued Liabilities, Current | $15.9M | – | – | $12.8M | $2.25M | +467.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $423M | – | – | $376M | $215M | +75.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $6.76M | – | – | $7.62M | $6.29M | +21.1% |
| Additional Paid in Capital | $981M | – | – | $944M | $717M | +31.7% |
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $156K | $145K | +7.6% | $426K | $512K | -16.8% |
| Advertising Expense | $611K | $514K | +18.9% | $2.57M | $2.16M | +19.2% |
| Assets | $925M | – | – | $639M | $532M | +20.2% |
| Assets, Current | $280M | – | – | $59.8M | $242M | -75.2% |
| Cash and Cash Equivalents, at Carrying Value | $208M | – | – | $23.1M | $23.4M | -1.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $208M | $24.6M | +745.7% | $23.1M | $23.4M | -1.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $185M | $1.23M | +14,983.7% | -$262K | $13.7M | -101.9% |
| Class of Warrant or Right, Outstanding | 2.88M | – | – | 2.88M | 2.88M | 0.0% |
| Common Stock, Value, Issued | $0 | – | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$144M | $36.9M | -489.9% | -$147M | -$3.03M | -4,749.0% |
| Convertible Debt, Current | $02026-03-31 | $1.87M | -100.0% | $0 | $1.87M | -100.0% |
| Convertible Debt, Noncurrent | $235M | – | – | – | – | – |
| Cost, Depreciation | $53.7M | $22M | +143.9% | $170M | $64.5M | +164.3% |
| Cost, Maintenance | $53.9M | $29M | +85.9% | – | – | – |
| CryptoAssetFairValue | $11.2M | – | – | $10.8M | $181M | -94.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.78M | $4.23M | +60.1% |
| Customer Advances and Deposits | $2.2M | – | – | $2.2M | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$2.91M | $375K | -876.5% |
| Deferred Income Tax Liabilities, Net | $21K | – | – | $295K | $3.21M | -90.8% |
| Deferred Tax Assets, Capital Loss Carryforwards | $3.24M2026-03-31 | $40K | +7,997.5% | $3.24M | $40K | +7,997.5% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $474K2026-03-31 | $292K | +62.3% | $474K | $292K | +62.3% |
| Deferred Tax Assets, Gross | $45.7M2026-03-31 | $26.4M | +73.1% | $45.7M | $26.4M | +73.1% |
| Deferred Tax Assets, Investments | $950K2026-03-31 | $0 | – | $950K | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $16.6M2026-03-31 | $10M | +65.3% | $16.6M | $10M | +65.3% |
| Deferred Tax Assets, Property, Plant and Equipment | $4.29M2026-03-31 | $2.03M | +111.0% | $4.29M | $2.03M | +111.0% |
| Deferred Tax Assets, Valuation Allowance | $29.2M2026-03-31 | $16.4M | +77.9% | $29.2M | $16.4M | +77.9% |
| Deferred Tax Liabilities, Derivatives | $02026-03-31 | $351K | -100.0% | $0 | $351K | -100.0% |
| Deferred Tax Liabilities, Gross | $16.9M2026-03-31 | $13.2M | +27.5% | $16.9M | $13.2M | +27.5% |
| Deferred Tax Liabilities, Leasing Arrangements | $02026-03-31 | $1.18M | -100.0% | $0 | $1.18M | -100.0% |
| Deferred Tax Liabilities, Net | $295K2026-03-31 | $3.21M | -90.8% | $295K | $3.21M | -90.8% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $5.42M2026-03-31 | $9.58M | -43.4% | $5.42M | $9.58M | -43.4% |
| Deposit Assets | $83M | – | – | $53.6M | $74.9M | -28.5% |
| Depreciation | $53.7M | $22M | +143.9% | $170M | $64.5M | +164.3% |
| Derivative Asset, Current | $31M | – | – | $606K | $1.3M | -53.4% |
| Derivative, Gain (Loss) on Derivative, Net | -$7.06M | $16.4M | -143.0% | -$22.7M | $3.65M | -721.7% |
| Earnings Per Share, Basic | -$0.54 | $0.19 | -384.2% | -$0.66 | -$0.02 | -3,200.0% |
| Earnings Per Share, Diluted | -$0.54 | $0.18 | -400.0% | -$0.66 | -$0.02 | -3,200.0% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $425K | $102K | +316.7% | $425K | $102K | +316.7% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | -$39M | $435K | -9,074.0% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 27.0% | 27.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $15.4M | -$5.83M | +364.7% |
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount | – | – | – | $28M | $8.8M | +218.3% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount | – | – | – | $10.9M | $2.39M | +355.8% |
| Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | – | – | – | -$5.85M | -$1.52M | -285.6% |
| Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Amount | – | – | – | -$5.7M | $606K | -1,039.9% |
| Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | – | – | – | $99K | -$272K | +136.4% |
| Equity Method Investments | $458K | – | – | $463K | $429K | +7.9% |
| Finance Lease, Liability | $27.7M | – | – | $29.9M | $0 | – |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-K 2026-03-31
Data as of 2026-11-02