HIVE Digital Technologies (HIVE) Cost of Revenue (2023 - 2025)
HIVE Digital Technologies (HIVE) recorded quarterly Cost of Revenue of $118.4 million in Q4 2025, up 42.39% quarter-over-quarter from $83.1 million in Q3 2025, and up 181.86% on a YoY basis from $42.0 million in Q4 2024.
HIVE Digital Technologies (HIVE) Cost of Revenue (2023 - 2025) Analysis & Trends
HIVE Digital Technologies' Cost of Revenue history runs 3 years deep, the most recent figure standing at $118.4 million for Q4 2025.
- In Q4 2025, Cost of Revenue rose 181.86% year-over-year to $118.4 million; the TTM figure through Dec 2025 stood at $292.2 million (up 111.27% YoY), while the FY2025 annual figure was $154.6 million, up 10.02% from the prior year.
- Cost of Revenue was $118.4 million for Q4 2025 at HIVE Digital Technologies, up from $83.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $118.4 million in Q4 2025 to a low of $24.0 million in Q1 2024.
- Historically, Cost of Revenue has averaged $50.1 million across 3 years, with a median of $38.2 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue gained 8.55% in 2024, then soared 181.86% in 2025.
- A 3-year view of Cost of Revenue shows it stood at $36.3 million in 2023, then rose by 15.65% to $42.0 million in 2024, then jumped by 181.86% to $118.4 million in 2025.
- The last three Cost of Revenue figures came in at $118.4 million (Q4 2025), $83.1 million (Q3 2025), and $51.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 107.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 39,000.00 |
| 10 | HIVE Digital Technologies | 1,620.70 | -21.86 Mn | -25.28 Mn | 118.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 118.39 Mn |
| Dec 31, 2025 | 118.39 Mn |
| Sep 30, 2025 | 83.14 Mn |
| Sep 30, 2025 | 83.14 Mn |
| Jun 30, 2025 | 51.80 Mn |
| Jun 30, 2025 | 51.80 Mn |
| Mar 31, 2025 | 38.83 Mn |
| Mar 31, 2025 | 38.83 Mn |
| Dec 31, 2024 | 42.00 Mn |
| Dec 31, 2024 | 42.00 Mn |
| Sep 30, 2024 | 37.63 Mn |
| Sep 30, 2024 | 37.63 Mn |
| Jun 30, 2024 | 34.64 Mn |
| Jun 30, 2024 | 34.64 Mn |
| Mar 31, 2024 | 24.02 Mn |
| Mar 31, 2024 | 24.02 Mn |
| Dec 31, 2023 | 36.32 Mn |
| Dec 31, 2023 | 36.32 Mn |
| Sep 30, 2023 | 34.66 Mn |
| Sep 30, 2023 | 34.66 Mn |