HIVE Digital Technologies (HIVE) Operating Expenses (2020 - 2025)

HIVE Digital Technologies (HIVE) recorded quarterly Operating Expenses of -$60.1 million in Q4 2025, down 36.35% quarter-over-quarter from -$44.1 million in Q3 2025, and down 156.06% on a YoY basis from $107.2 million in Q4 2024.

HIVE Digital Technologies (HIVE) Operating Expenses (2020 - 2025) Analysis & Trends

HIVE Digital Technologies' Operating Expenses history runs 6 years deep, the most recent figure standing at -$60.1 million for 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 (up 304.59% YoY), while the FY2025 annual figure was $88.2 million, up 379.15% from the prior year.
  • Operating Expenses was -$60.1 million for Q4 2025 at HIVE Digital Technologies, down from -$44.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $154.5 million in Q1 2025 to a low of -$60.1 million in Q4 2025.
  • Historically, Operating Expenses has averaged $784744.4 across 5 years, with a median of -$7.1 million in 2021.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 283.5% in 2023, then surged 413.98% in 2024.
  • A 5-year view of Operating Expenses shows it stood at -$6.5 million in 2021, then surged by 264.0% to $10.7 million in 2022, then sank by 283.5% to -$19.6 million in 2023, then declined by 19.48% to -$23.5 million in 2024, then sank by 156.06% to -$60.1 million in 2025.
  • The last three Operating Expenses figures came in at -$60.1 million (Q4 2025), -$44.1 million (Q3 2025), and -$29.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 HIVE Digital Technologies 1,620.70 -21.86 Mn -25.28 Mn -60.08 Mn

Historic Data

Download Data
DateValue
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 71.66 Mn
Dec 31, 2023 -19.64 Mn
Sep 30, 2023 -18.10 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 -5.93 Mn
Dec 31, 2021 -6.53 Mn
Sep 30, 2021 -7.59 Mn
Jun 30, 2021 -6.22 Mn
Mar 31, 2021 16.35 Mn