HIVE Digital Technologies Ltd. (HIVE) stock analysis
Close on Nov 11, 2026Market cap $479.99MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak5 of 30 checks passed
HIVE Digital Technologies passes 5 of the 30 checks behind our score; 21 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 2/6
- Past performance
- 0/6
- Financial health
- 3/6
- Dividend
- 0/6
What stands out
Low debt
Debt is 0.3% of shareholders' equity, under the 40% we consider low.
Revenue growing 10%+ a year
Revenue grew 41.0% a year over the last three fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 6233% of total debt.
Growing faster than the industry
Revenue grew 70.2% over the last twelve months; the Finance services median is 9.8%.
What to watch
Gross margin slipping
Gross margin was -34.8% over the last twelve months, against -12.4% a year earlier.
Return on equity below the industry
HIVE Digital Technologies's return on equity of -78.7% is below the Finance services median of -33.5%.
Net margin below the industry
HIVE Digital Technologies's net margin of -118% is below the Finance services median of -64.5%.
No dividend
HIVE Digital Technologies has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 41.0% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 70.2% over the last twelve months; the Finance services median is 9.8%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was -34.8% over the last twelve months, against -12.4% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity below the industry
HIVE Digital Technologies's return on equity of -78.7% is below the Finance services median of -33.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin below the industry
HIVE Digital Technologies's net margin of -118% is below the Finance services median of -64.5%.
Financial health3/6
Low debt
Debt is 0.3% of shareholders' equity, under the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 6233% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.55 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
HIVE Digital Technologies has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for HIVE Digital Technologies. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $23.13M
- Value traded per 1% price move
- $7.63M
Downside
High risk
- Typical loss in a bad month
- 40.0%
- Volatility (annualized)
- 95%
- Sharpe ratio, 1 year
- -0.71
- Beta to the S&P 500 (5Y)
- 2.63
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +158.3% | +41.0% | +34.5% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -30.3% | |
| Return on assets | – | – | -25.4% | |
| Current ratio | – | 10.91 | 1.10 | |
| Debt to equity | – | – | – | |
| Capex to revenue | – | 31.5% | – | |
| Diluted shares | – | 73M | 225M |
Cash use needs five years of cash flow figures
HIVE Digital Technologies does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -49.8% | 0.51× | 1.20× | -30.3% |
| FY2025 | -2.6% | 0.28× | 1.18× | -0.8% |
| FY2024 | 23.2% | 0.46× | 1.23× | 13.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero-$148.45M
- Cash generatingOperating cash flow above zero$62.34M
- Return on assets improvedROA up on the prior year-1.0% → -27.9%
- Earnings backed by cashOperating cash flow above net income$62.34M vs -$148.45M
- Less leverageLong-term debt to assets fell1.9% → –
- Better liquidityCurrent ratio rose3.66 → 1.10
- No dilutionShare count did not rise128M → 225M
- Gross margin improvedGross margin up on the prior year-34.13% → -21.00%
- More efficientAsset turnover rose0.38 → 0.56
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