HIVE Digital Technologies (HIVE) Cost of Revenue (2021 - 2025)
HIVE Digital Technologies (HIVE) posted quarterly Cost of Revenue of $118.4 million for Q4 2025, up 181.86% year-over-year from $42.0 million in Q4 2024, and up 42.39% on a QoQ basis from $83.1 million in Q3 2025.
HIVE Digital Technologies (HIVE) Cost of Revenue (2021 - 2025) Analysis & Trends
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 came in at $118.4 million for Q4 2025 at HIVE Digital Technologies, up from $83.1 million in the prior quarter.
- The five-year high for Cost of Revenue was $118.4 million in Q4 2025, with the low at -$32.7 million in Q3 2022.
- Average Cost of Revenue over 5 years is $27.9 million, with a median of $29.3 million recorded in 2024.
- Across the five-year window, Cost of Revenue slumped 149396926.37% in 2022 and surged 524.53% in 2023, its largest moves.
- Year by year, Cost of Revenue stood at $5.73 in 2021, then plunged by 149396926.37% to -$8.6 million in 2022, then soared by 524.53% to $36.3 million in 2023, then climbed by 15.65% to $42.0 million in 2024, then jumped by 181.86% to $118.4 million in 2025.
- According to Business Quant data, Cost of Revenue over the past three periods registered $118.4 million, $83.1 million, and $51.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | HIVE Digital Technologies | 827.07 Mn | 805.20 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 |