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
DateValue
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