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| 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 | 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 |