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% on a QoQ basis 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 (up 304.59% YoY), while the FY2025 annual figure was $88.2 million, up 379.15% from the prior year.
  • Operating Expenses came in at -$60.1 million for Q4 2025 at HIVE Digital Technologies, down from -$44.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $154.5 million in Q1 2025, with the low at -$60.1 million in Q4 2025.
  • Average Operating Expenses over 5 years is $784744.4, with a median of -$7.1 million recorded in 2021.
  • Across the five-year window, Operating Expenses plunged 283.5% in 2023 and surged 413.98% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at -$6.5 million in 2021, then surged by 264.0% to $10.7 million in 2022, then slumped by 283.5% to -$19.6 million in 2023, then decreased by 19.48% to -$23.5 million in 2024, then slumped by 156.06% to -$60.1 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$60.1 million, -$44.1 million, and -$29.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 HIVE Digital Technologies 827.07 Mn 805.20 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