HIVE Digital Technologies (HIVE) Cost of Revenue (2021 - 2026)

HIVE Digital Technologies (HIVE) has reported Cost of Revenue for 5 consecutive years, with $118.4 million the latest figure, recorded in 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 improved to $118.4 million in Q4 2025 per HIVE's latest filing, from $83.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $118.4 million in Q4 2025 and bottomed at -$32.7 million in Q3 2022.
• Historically, Cost of Revenue has averaged $27.9 million across 5 years, with a median of $29.3 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue plunged 149396926.37% — and 2023, when it jumped 524.53%.
• HIVE Digital Technologies' Cost of Revenue stood at $5.73 in 2021, then slumped by 149396926.37% to -$8.6 million in 2022, then surged by 524.53% to $36.3 million in 2023, then increased by 15.65% to $42.0 million in 2024, then soared by 181.86% to $118.4 million in 2025.
• Business Quant data shows HIVE's Cost of Revenue at $118.4 million in Q4 2025, $83.1 million in Q3 2025, and $51.8 million in Q2 2025.