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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and MARA Holdings, Inc. (MARA). Click either name above to swap in a different company.

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $182.4M, roughly 1.1× Climb Global Solutions, Inc.). Climb Global Solutions, Inc. runs the higher net margin — 1.8% vs -14298.3%, a 14300.1% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs -5.6%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 10.7%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

CLMB vs MARA — Head-to-Head

Bigger by revenue
MARA
MARA
1.1× larger
MARA
$202.3M
$182.4M
CLMB
Growing faster (revenue YoY)
CLMB
CLMB
+37.7% gap
CLMB
32.1%
-5.6%
MARA
Higher net margin
CLMB
CLMB
14300.1% more per $
CLMB
1.8%
-14298.3%
MARA
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
10.7%
MARA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
MARA
MARA
Revenue
$182.4M
$202.3M
Net Profit
$3.3M
$-1.7B
Gross Margin
14.5%
Operating Margin
2.1%
-11795.9%
Net Margin
1.8%
-14298.3%
Revenue YoY
32.1%
-5.6%
Net Profit YoY
-9.5%
-423.5%
EPS (diluted)
$0.18
$-4.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLMB
CLMB
MARA
MARA
Q1 26
$182.4M
Q4 25
$193.8M
$202.3M
Q3 25
$161.3M
$252.4M
Q2 25
$159.3M
$238.5M
Q1 25
$138.0M
$213.9M
Q4 24
$161.8M
$214.4M
Q3 24
$119.3M
$131.6M
Q2 24
$92.1M
$145.1M
Net Profit
CLMB
CLMB
MARA
MARA
Q1 26
$3.3M
Q4 25
$7.0M
$-1.7B
Q3 25
$4.7M
$123.1M
Q2 25
$6.0M
$808.2M
Q1 25
$3.7M
$-533.4M
Q4 24
$7.0M
$528.5M
Q3 24
$5.5M
$-124.8M
Q2 24
$3.4M
$-199.7M
Gross Margin
CLMB
CLMB
MARA
MARA
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
-2613.4%
Q3 24
20.3%
-1065.0%
Q2 24
20.2%
-587.6%
Operating Margin
CLMB
CLMB
MARA
MARA
Q1 26
2.1%
Q4 25
4.9%
-11795.9%
Q3 25
4.3%
18.9%
Q2 25
5.0%
Q1 25
3.5%
-253.0%
Q4 24
7.2%
Q3 24
7.1%
-130.8%
Q2 24
4.6%
-160.1%
Net Margin
CLMB
CLMB
MARA
MARA
Q1 26
1.8%
Q4 25
3.6%
-14298.3%
Q3 25
2.9%
48.8%
Q2 25
3.7%
338.9%
Q1 25
2.7%
-249.4%
Q4 24
4.3%
5367.4%
Q3 24
4.6%
-94.8%
Q2 24
3.7%
-137.6%
EPS (diluted)
CLMB
CLMB
MARA
MARA
Q1 26
$0.18
Q4 25
$1.51
$-4.25
Q3 25
$1.02
$0.27
Q2 25
$1.30
$1.84
Q1 25
$0.81
$-1.55
Q4 24
$1.52
$1.60
Q3 24
$1.19
$-0.42
Q2 24
$0.75
$-0.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLMB
CLMB
MARA
MARA
Cash + ST InvestmentsLiquidity on hand
$41.8M
$547.1M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$118.4M
$3.5B
Total Assets
$458.8M
$7.3B
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
MARA
MARA
Q1 26
$41.8M
Q4 25
$36.6M
$547.1M
Q3 25
$49.8M
$826.4M
Q2 25
$28.6M
$109.5M
Q1 25
$32.5M
$196.2M
Q4 24
$29.8M
$391.8M
Q3 24
$22.1M
$164.3M
Q2 24
$48.4M
$256.0M
Total Debt
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
$3.6B
Q3 25
$3.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
Q3 24
$618.7M
Q2 24
Stockholders' Equity
CLMB
CLMB
MARA
MARA
Q1 26
$118.4M
Q4 25
$116.6M
$3.5B
Q3 25
$109.3M
$5.2B
Q2 25
$105.2M
$4.8B
Q1 25
$95.6M
$3.7B
Q4 24
$90.6M
$4.1B
Q3 24
$87.7M
$2.9B
Q2 24
$79.8M
$2.6B
Total Assets
CLMB
CLMB
MARA
MARA
Q1 26
$458.8M
Q4 25
$460.2M
$7.3B
Q3 25
$376.1M
$9.2B
Q2 25
$420.7M
$7.7B
Q1 25
$370.1M
$6.4B
Q4 24
$469.2M
$6.8B
Q3 24
$371.9M
$3.6B
Q2 24
$302.8M
$3.1B
Debt / Equity
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
1.04×
Q3 25
0.63×
Q2 25
0.47×
Q1 25
0.62×
Q4 24
0.59×
Q3 24
0.22×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLMB
CLMB
MARA
MARA
Operating Cash FlowLast quarter
$-802.7M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-598.0%
Capex IntensityCapex / Revenue
201.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
$-11.9M
$-802.7M
Q3 25
$22.2M
$-199.0M
Q2 25
$-2.2M
$-163.4M
Q1 25
$8.5M
$-215.5M
Q4 24
$16.0M
$-677.0M
Q3 24
$-3.6M
$-160.1M
Q2 24
$7.3M
$-115.2M
Free Cash Flow
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
$-1.2B
Q3 25
$-283.9M
Q2 25
$-282.4M
Q1 25
$-254.3M
Q4 24
$-927.8M
Q3 24
$-198.1M
Q2 24
$-132.4M
FCF Margin
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
-598.0%
Q3 25
-112.5%
Q2 25
-118.4%
Q1 25
-118.9%
Q4 24
-432.8%
Q3 24
-150.5%
Q2 24
-91.2%
Capex Intensity
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
201.2%
Q3 25
33.6%
Q2 25
49.9%
Q1 25
18.2%
Q4 24
117.0%
Q3 24
28.9%
Q2 24
11.9%
Cash Conversion
CLMB
CLMB
MARA
MARA
Q1 26
Q4 25
-1.70×
Q3 25
4.73×
-1.62×
Q2 25
-0.37×
-0.20×
Q1 25
2.30×
Q4 24
2.29×
-1.28×
Q3 24
-0.66×
Q2 24
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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