HIVE Digital Technologies First Quarter 2025 Earnings: Beats Expectations
HIVE Digital Technologies (CVE:HIVE) First Quarter 2025 Results
Key Financial Results
- Revenue: US$32.2m (up 37% from 1Q 2024).
- Net income: US$3.26m (up from US$16.3m loss in 1Q 2024).
- Profit margin: 10% (up from net loss in 1Q 2024).
- EPS: US$0.029 (up from US$0.19 loss in 1Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HIVE Digital Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are down 2.3% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for HIVE Digital Technologies (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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About TSXV:HIVE
HIVE Digital Technologies
Engages in the mining and sale of digital currencies in Canada, Sweden, and Iceland.
Flawless balance sheet with high growth potential.