HIVE Digital Technologies (NAS:HIVE) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
HIVE Digital Technologies had a gross margin of -48.98% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
HIVE Digital Technologies Gross Margin % Related Terms
HIVE Digital Technologies Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, HIVE Digital Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HIVE Digital Technologies Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where HIVE Digital Technologies's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
HIVE Digital Technologies (HIVE) has a Gross Margin % of -48.98% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on HIVE Digital Technologies and its competitors. According to the industry distribution chart, HIVE Digital Technologies ranks #578 out of 618 companies in the Capital Markets industry, placing it in the top 93.5%.
Is HIVE Digital Technologies' Gross Margin % too high?
HIVE Digital Technologies' current Gross Margin % is -48.98%. Based on the distribution chart, HIVE Digital Technologies ranks #578 out of 618 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HIVE Digital Technologies has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HIVE Digital Technologies' Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, HIVE Digital Technologies ranks #578 out of 618 companies for Gross Margin %. This places HIVE Digital Technologies in the lower half of its industry. The industry median Gross Margin % is 48.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.29, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on HIVE Digital Technologies and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIVE Digital Technologies's current Gross Margin % is -48.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIVE Digital Technologies stock overvalued right now?
Based on GuruFocus' analysis, HIVE Digital Technologies (HIVE) is currently considered Fairly Valued. The stock's GF Value™ is $3.72, compared to a current price of $3.70 — trading 0.7% below its estimated fair value. The current Gross Margin % is -48.98%. HIVE Digital Technologies' overall GF Score™ is 64/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For HIVE Digital Technologies (HIVE), the current Gross Margin % is -48.98% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HIVE Digital Technologies (HIVE) Overvalued in 2026?
Based on GuruFocus' analysis, HIVE Digital Technologies stock appears to be undervalued.
The current stock price of $3.70 is trading 0.7% below its estimated GF Value™ of $3.72.
GuruFocus considers HIVE Digital Technologies to be Fairly Valued.
Key valuation signals for HIVE:
Gross Margin %: -48.98%
GF Value™: $3.72 vs. price of $3.70 (0.7% below fair value)
No single metric tells the full story. See the HIVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIVE Digital Technologies Ltd is a sustainable-energy-focused digital infrastructure company that provides infrastructure solutions through the operation of Tier-1 and Tier-3 data centers. Its computing power is used for high-performance computing (HPC) and for generating hashrate sold to mining pools for cryptocurrency mining. The Company uses cash flow from its hashrate services business to support the expansion of its AI and HPC operations through its subsidiary. The Company focuses on Canada, Sweden, and Paraguay, where low-cost renewable power supports its operations and expansion. It operates in one segment with two revenue streams: the mining and sale of digital currencies and high-performance computing hosting. The majority of its revenue is generated from Bermuda.
64GF Score
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