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

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $163.7M, roughly 1.2× OneStream, Inc.). OneStream, Inc. runs the higher net margin — 0.6% vs -14298.3%, a 14298.9% gap on every dollar of revenue. On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs -5.6%). OneStream, Inc. produced more free cash flow last quarter ($25.6M vs $-1.2B). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% CAGR vs 10.7%).

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.

Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.

MARA vs OS — Head-to-Head

Bigger by revenue
MARA
MARA
1.2× larger
MARA
$202.3M
$163.7M
OS
Growing faster (revenue YoY)
OS
OS
+29.2% gap
OS
23.6%
-5.6%
MARA
Higher net margin
OS
OS
14298.9% more per $
OS
0.6%
-14298.3%
MARA
More free cash flow
OS
OS
$1.2B more FCF
OS
$25.6M
$-1.2B
MARA
Faster 2-yr revenue CAGR
OS
OS
Annualised
OS
21.8%
10.7%
MARA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MARA
MARA
OS
OS
Revenue
$202.3M
$163.7M
Net Profit
$-1.7B
$999.0K
Gross Margin
69.8%
Operating Margin
-11795.9%
-3.2%
Net Margin
-14298.3%
0.6%
Revenue YoY
-5.6%
23.6%
Net Profit YoY
-423.5%
EPS (diluted)
$-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
MARA
MARA
OS
OS
Q4 25
$202.3M
$163.7M
Q3 25
$252.4M
$154.3M
Q2 25
$238.5M
$147.6M
Q1 25
$213.9M
$136.3M
Q4 24
$214.4M
$132.5M
Q3 24
$131.6M
$129.1M
Q2 24
$145.1M
$117.5M
Q1 24
$165.2M
$110.3M
Net Profit
MARA
MARA
OS
OS
Q4 25
$-1.7B
$999.0K
Q3 25
$123.1M
$-8.8M
Q2 25
$808.2M
$-18.4M
Q1 25
$-533.4M
$-24.0M
Q4 24
$528.5M
Q3 24
$-124.8M
$-171.9M
Q2 24
$-199.7M
$-7.8M
Q1 24
$337.2M
$-5.0M
Gross Margin
MARA
MARA
OS
OS
Q4 25
69.8%
Q3 25
68.1%
Q2 25
68.6%
Q1 25
68.0%
Q4 24
-2613.4%
66.8%
Q3 24
-1065.0%
50.1%
Q2 24
-587.6%
68.5%
Q1 24
-289.4%
69.1%
Operating Margin
MARA
MARA
OS
OS
Q4 25
-11795.9%
-3.2%
Q3 25
18.9%
-11.3%
Q2 25
-21.8%
Q1 25
-253.0%
-29.3%
Q4 24
-35.8%
Q3 24
-130.8%
-197.6%
Q2 24
-160.1%
-9.8%
Q1 24
-4.9%
Net Margin
MARA
MARA
OS
OS
Q4 25
-14298.3%
0.6%
Q3 25
48.8%
-5.7%
Q2 25
338.9%
-12.5%
Q1 25
-249.4%
-17.6%
Q4 24
5367.4%
Q3 24
-94.8%
-133.1%
Q2 24
-137.6%
-6.7%
Q1 24
204.1%
-4.5%
EPS (diluted)
MARA
MARA
OS
OS
Q4 25
$-4.25
Q3 25
$0.27
Q2 25
$1.84
Q1 25
$-1.55
Q4 24
$1.60
Q3 24
$-0.42
$-1.06
Q2 24
$-0.72
Q1 24
$1.26

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
OS
OS
Cash + ST InvestmentsLiquidity on hand
$547.1M
$693.6M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$504.7M
Total Assets
$7.3B
$1.0B
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
OS
OS
Q4 25
$547.1M
$693.6M
Q3 25
$826.4M
$653.9M
Q2 25
$109.5M
$652.1M
Q1 25
$196.2M
$593.9M
Q4 24
$391.8M
$544.2M
Q3 24
$164.3M
$495.5M
Q2 24
$256.0M
$140.5M
Q1 24
$324.3M
Total Debt
MARA
MARA
OS
OS
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
Q1 24
Stockholders' Equity
MARA
MARA
OS
OS
Q4 25
$3.5B
$504.7M
Q3 25
$5.2B
$472.1M
Q2 25
$4.8B
$458.2M
Q1 25
$3.7B
$412.9M
Q4 24
$4.1B
$386.2M
Q3 24
$2.9B
$458.2M
Q2 24
$2.6B
$97.5M
Q1 24
$2.5B
$102.5M
Total Assets
MARA
MARA
OS
OS
Q4 25
$7.3B
$1.0B
Q3 25
$9.2B
$949.4M
Q2 25
$7.7B
$910.5M
Q1 25
$6.4B
$867.3M
Q4 24
$6.8B
$823.2M
Q3 24
$3.6B
$750.1M
Q2 24
$3.1B
$379.7M
Q1 24
$3.0B
Debt / Equity
MARA
MARA
OS
OS
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
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MARA
MARA
OS
OS
Operating Cash FlowLast quarter
$-802.7M
$25.8M
Free Cash FlowOCF − Capex
$-1.2B
$25.6M
FCF MarginFCF / Revenue
-598.0%
15.7%
Capex IntensityCapex / Revenue
201.2%
0.1%
Cash ConversionOCF / Net Profit
25.79×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$95.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
OS
OS
Q4 25
$-802.7M
$25.8M
Q3 25
$-199.0M
$5.0M
Q2 25
$-163.4M
$29.7M
Q1 25
$-215.5M
$36.2M
Q4 24
$-677.0M
Q3 24
$-160.1M
$2.4M
Q2 24
$-115.2M
$8.1M
Q1 24
$-88.3M
$25.5M
Free Cash Flow
MARA
MARA
OS
OS
Q4 25
$-1.2B
$25.6M
Q3 25
$-283.9M
$4.8M
Q2 25
$-282.4M
$29.4M
Q1 25
$-254.3M
$35.8M
Q4 24
$-927.8M
Q3 24
$-198.1M
$1.3M
Q2 24
$-132.4M
$7.7M
Q1 24
$-97.4M
$24.9M
FCF Margin
MARA
MARA
OS
OS
Q4 25
-598.0%
15.7%
Q3 25
-112.5%
3.1%
Q2 25
-118.4%
19.9%
Q1 25
-118.9%
26.3%
Q4 24
-432.8%
Q3 24
-150.5%
1.0%
Q2 24
-91.2%
6.6%
Q1 24
-59.0%
22.5%
Capex Intensity
MARA
MARA
OS
OS
Q4 25
201.2%
0.1%
Q3 25
33.6%
0.1%
Q2 25
49.9%
0.2%
Q1 25
18.2%
0.3%
Q4 24
117.0%
Q3 24
28.9%
0.8%
Q2 24
11.9%
0.3%
Q1 24
5.5%
0.6%
Cash Conversion
MARA
MARA
OS
OS
Q4 25
25.79×
Q3 25
-1.62×
Q2 25
-0.20×
Q1 25
Q4 24
-1.28×
Q3 24
Q2 24
Q1 24
-0.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MARA
MARA

Segment breakdown not available.

OS
OS

Subscription And Circulation$150.3M92%
Professional Services And Other$9.4M6%
License$4.0M2%

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