HIVE Digital Technologies (HIVE) Operating Expenses (2020 - 2025)
HIVE Digital Technologies (HIVE) posted quarterly Operating Expenses of -$60.1 million for Q4 2025, down 156.06% year-over-year from $107.2 million in Q4 2024, and down 36.35% quarter-over-quarter from -$44.1 million in Q3 2025.
HIVE Digital Technologies (HIVE) Operating Expenses (2020 - 2025) Analysis & Trends
HIVE Digital Technologies (HIVE) has reported Operating Expenses for 6 consecutive years, with -$60.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 156.06% year-over-year to -$60.1 million; the TTM figure through Dec 2025 stood at $21.4 million (down 17.37% YoY), while the FY2025 annual figure was $88.2 million, up 15.53% from the prior year.
- Operating Expenses fell to -$60.1 million in Q4 2025 per HIVE's latest filing, from -$44.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $154.5 million in Q1 2025 and bottomed at -$60.1 million in Q4 2025.
- Historically, Operating Expenses has averaged $5.3 million across 5 years, with a median of -$6.4 million in 2021.
- On a YoY basis, Operating Expenses climbed as much as 561.78% in 2024 and fell as far as 398.72% in 2024.
- HIVE Digital Technologies' Operating Expenses stood at -$6.5 million in 2021, then jumped by 264.0% to $10.7 million in 2022, then sank by 143.96% to -$4.7 million in 2023, then plunged by 398.72% to -$23.5 million in 2024, then plunged by 156.06% to -$60.1 million in 2025.
- Business Quant data shows HIVE's Operating Expenses at -$60.1 million in Q4 2025, -$44.1 million in Q3 2025, and -$29.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | HIVE Digital Technologies | 707.38 Mn | 685.51 Mn | -25.28 Mn | -60.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -60.08 Mn |
| Sep 30, 2025 | -44.07 Mn |
| Jun 30, 2025 | -28.98 Mn |
| Mar 31, 2025 | 154.53 Mn |
| Dec 31, 2024 | -23.47 Mn |
| Sep 30, 2024 | -21.90 Mn |
| Jun 30, 2024 | -21.00 Mn |
| Mar 31, 2024 | 92.27 Mn |
| Dec 31, 2023 | -4.71 Mn |
| Sep 30, 2023 | -7.96 Mn |
| Jun 30, 2023 | 15.53 Mn |
| Mar 31, 2023 | 13.94 Mn |
| Dec 31, 2022 | 10.70 Mn |
| Sep 30, 2022 | 13.66 Mn |
| Jun 30, 2022 | -17.16 Mn |
| Mar 31, 2022 | 26.91 Mn |
| Dec 31, 2021 | -6.53 Mn |
| Sep 30, 2021 | -7.59 Mn |
| Jun 30, 2021 | -6.22 Mn |
| Mar 31, 2021 | 27.42 Mn |