HIVE Digital Technologies (HIVE) Cost of Revenue (2021 - 2025)
HIVE Digital Technologies' quarterly Cost of Revenue came in at $118.4 million in Q4 2025, up 181.86% year-on-year from $42.0 million in Q4 2024, and up 42.39% quarter-over-quarter from $83.1 million in Q3 2025.
HIVE Digital Technologies has reported Cost of Revenue for 5 years, with the latest figure at $118.4 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue rose 181.86% year-over-year to $118.4 million; the trailing twelve-month figure through Dec 2025 stood at $274.1 million (up 142.06% YoY), and the FY2025 full-year result was $20.8 million, up 33.98% from the prior year.
- Cost of Revenue for Q4 2025 stood at $118.4 million, 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 $3.08 in Q3 2021.
- Average Cost of Revenue over 5 years is $23.2 million, with a median of $13.9 million recorded in 2023.
- Year-over-year, Cost of Revenue surged 211966671.62% in 2022 and plunged 100.0% in 2023.
- Tracing HIVE's Cost of Revenue over 5 years: stood at $5.73 in 2021, then soared by 369.97% to $26.91 in 2022, then jumped by 52759269.27% to $14.2 million in 2023, then soared by 195.83% to $42.0 million in 2024, then surged 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 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 107.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 6.62 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 39,000.00 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | HIVE Digital Technologies | 1,865.80 | -31.17 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 | 20.80 Mn |
| Mar 31, 2025 | 20.80 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 | 18.10 Mn |
| Jun 30, 2024 | 18.10 Mn |
| Mar 31, 2024 | 15.53 Mn |
| Mar 31, 2024 | 15.53 Mn |
| Dec 31, 2023 | 14.20 Mn |
| Dec 31, 2023 | 14.20 Mn |
| Sep 30, 2023 | 10.70 Mn |
| Sep 30, 2023 | 10.70 Mn |
| Jun 30, 2023 | 13.66 Mn |
| Jun 30, 2023 | 13.66 Mn |
| Mar 31, 2023 | 17.16 |
| Mar 31, 2023 | 17.16 |
| Dec 31, 2022 | 26.91 |
| Dec 31, 2022 | 26.91 |
| Sep 30, 2022 | 6.53 Mn |
| Sep 30, 2022 | 6.53 Mn |
| Jun 30, 2022 | 17.16 Mn |
| Jun 30, 2022 | 17.16 Mn |
| Mar 31, 2022 | 6.22 Mn |
| Mar 31, 2022 | 6.22 Mn |
| Dec 31, 2021 | 5.73 |
| Dec 31, 2021 | 5.73 |
| Sep 30, 2021 | 3.08 |
| Sep 30, 2021 | 3.08 |
| Jun 30, 2021 | 3.78 Mn |
| Jun 30, 2021 | 3.78 Mn |
| Mar 31, 2021 | 3.99 Mn |
| Mar 31, 2021 | 3.99 Mn |