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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $121.1M, roughly 1.7× Porch Group, Inc.). Porch Group, Inc. runs the higher net margin — -3.9% vs -14298.3%, a 14294.4% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs -5.6%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
MARA vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.3M | $121.1M |
| Net Profit | $-1.7B | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | -11795.9% | 34.7% |
| Net Margin | -14298.3% | -3.9% |
| Revenue YoY | -5.6% | 100.0% |
| Net Profit YoY | -423.5% | 2.0% |
| EPS (diluted) | $-4.25 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $202.3M | $112.3M | ||
| Q3 25 | $252.4M | $115.1M | ||
| Q2 25 | $238.5M | $107.0M | ||
| Q1 25 | $213.9M | $84.5M | ||
| Q4 24 | $214.4M | $75.3M | ||
| Q3 24 | $131.6M | $77.7M | ||
| Q2 24 | $145.1M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $-1.7B | $-3.5M | ||
| Q3 25 | $123.1M | $-10.9M | ||
| Q2 25 | $808.2M | $2.6M | ||
| Q1 25 | $-533.4M | $8.4M | ||
| Q4 24 | $528.5M | $30.5M | ||
| Q3 24 | $-124.8M | $14.4M | ||
| Q2 24 | $-199.7M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | -2613.4% | — | ||
| Q3 24 | -1065.0% | 79.4% | ||
| Q2 24 | -587.6% | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | -11795.9% | 14.7% | ||
| Q3 25 | 18.9% | 14.2% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | -253.0% | -1.5% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | -130.8% | -3.2% | ||
| Q2 24 | -160.1% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | -14298.3% | -3.1% | ||
| Q3 25 | 48.8% | -9.4% | ||
| Q2 25 | 338.9% | 2.4% | ||
| Q1 25 | -249.4% | 9.9% | ||
| Q4 24 | 5367.4% | 40.5% | ||
| Q3 24 | -94.8% | 18.5% | ||
| Q2 24 | -137.6% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-4.25 | $0.00 | ||
| Q3 25 | $0.27 | $-0.10 | ||
| Q2 25 | $1.84 | $0.00 | ||
| Q1 25 | $-1.55 | $0.07 | ||
| Q4 24 | $1.60 | $0.34 | ||
| Q3 24 | $-0.42 | $0.12 | ||
| Q2 24 | $-0.72 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $547.1M | $68.4M |
| Total DebtLower is stronger | $3.6B | $391.3M |
| Stockholders' EquityBook value | $3.5B | $26.3M |
| Total Assets | $7.3B | $806.6M |
| Debt / EquityLower = less leverage | 1.04× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $547.1M | $57.3M | ||
| Q3 25 | $826.4M | $85.0M | ||
| Q2 25 | $109.5M | $79.8M | ||
| Q1 25 | $196.2M | $70.4M | ||
| Q4 24 | $391.8M | $191.7M | ||
| Q3 24 | $164.3M | $238.6M | ||
| Q2 24 | $256.0M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $3.6B | $392.8M | ||
| Q3 25 | $3.2B | $387.1M | ||
| Q2 25 | $2.3B | $394.1M | ||
| Q1 25 | $2.3B | $409.2M | ||
| Q4 24 | $2.4B | $403.9M | ||
| Q3 24 | $618.7M | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $3.5B | $-24.6M | ||
| Q3 25 | $5.2B | $-27.9M | ||
| Q2 25 | $4.8B | $-29.3M | ||
| Q1 25 | $3.7B | $-52.4M | ||
| Q4 24 | $4.1B | $-43.2M | ||
| Q3 24 | $2.9B | $-77.0M | ||
| Q2 24 | $2.6B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $7.3B | $797.4M | ||
| Q3 25 | $9.2B | $787.7M | ||
| Q2 25 | $7.7B | $770.7M | ||
| Q1 25 | $6.4B | $802.3M | ||
| Q4 24 | $6.8B | $814.0M | ||
| Q3 24 | $3.6B | $867.3M | ||
| Q2 24 | $3.1B | $876.1M |
| Q1 26 | — | 14.87× | ||
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-802.7M | $1.2M | ||
| Q3 25 | $-199.0M | $40.8M | ||
| Q2 25 | $-163.4M | $35.6M | ||
| Q1 25 | $-215.5M | $-11.2M | ||
| Q4 24 | $-677.0M | $-26.6M | ||
| Q3 24 | $-160.1M | $12.4M | ||
| Q2 24 | $-115.2M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $1.1M | ||
| Q3 25 | $-283.9M | $40.7M | ||
| Q2 25 | $-282.4M | $35.4M | ||
| Q1 25 | $-254.3M | $-11.2M | ||
| Q4 24 | $-927.8M | $-26.8M | ||
| Q3 24 | $-198.1M | $12.2M | ||
| Q2 24 | $-132.4M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | -598.0% | 1.0% | ||
| Q3 25 | -112.5% | 35.4% | ||
| Q2 25 | -118.4% | 33.0% | ||
| Q1 25 | -118.9% | -13.3% | ||
| Q4 24 | -432.8% | -35.6% | ||
| Q3 24 | -150.5% | 15.7% | ||
| Q2 24 | -91.2% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 201.2% | 0.1% | ||
| Q3 25 | 33.6% | 0.1% | ||
| Q2 25 | 49.9% | 0.2% | ||
| Q1 25 | 18.2% | 0.1% | ||
| Q4 24 | 117.0% | 0.3% | ||
| Q3 24 | 28.9% | 0.3% | ||
| Q2 24 | 11.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.62× | — | ||
| Q2 25 | -0.20× | 13.79× | ||
| Q1 25 | — | -1.33× | ||
| Q4 24 | -1.28× | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
