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

Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $202.3M, roughly 1.6× MARA Holdings, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs -14298.3%, a 14304.0% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs -5.6%). Revolve Group, Inc. produced more free cash flow last quarter ($-13.3M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs 9.5%).

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.

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

MARA vs RVLV — Head-to-Head

Bigger by revenue
RVLV
RVLV
1.6× larger
RVLV
$324.4M
$202.3M
MARA
Growing faster (revenue YoY)
RVLV
RVLV
+16.1% gap
RVLV
10.4%
-5.6%
MARA
Higher net margin
RVLV
RVLV
14304.0% more per $
RVLV
5.7%
-14298.3%
MARA
More free cash flow
RVLV
RVLV
$1.2B more FCF
RVLV
$-13.3M
$-1.2B
MARA
Faster 2-yr revenue CAGR
MARA
MARA
Annualised
MARA
10.7%
9.5%
RVLV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MARA
MARA
RVLV
RVLV
Revenue
$202.3M
$324.4M
Net Profit
$-1.7B
$18.6M
Gross Margin
53.3%
Operating Margin
-11795.9%
6.3%
Net Margin
-14298.3%
5.7%
Revenue YoY
-5.6%
10.4%
Net Profit YoY
-423.5%
50.4%
EPS (diluted)
$-4.25
$0.27

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
RVLV
RVLV
Q4 25
$202.3M
$324.4M
Q3 25
$252.4M
$295.6M
Q2 25
$238.5M
$309.0M
Q1 25
$213.9M
$296.7M
Q4 24
$214.4M
$293.7M
Q3 24
$131.6M
$283.1M
Q2 24
$145.1M
$282.5M
Q1 24
$165.2M
$270.6M
Net Profit
MARA
MARA
RVLV
RVLV
Q4 25
$-1.7B
$18.6M
Q3 25
$123.1M
$21.2M
Q2 25
$808.2M
$10.2M
Q1 25
$-533.4M
$11.8M
Q4 24
$528.5M
$12.3M
Q3 24
$-124.8M
$11.0M
Q2 24
$-199.7M
$15.4M
Q1 24
$337.2M
$10.9M
Gross Margin
MARA
MARA
RVLV
RVLV
Q4 25
53.3%
Q3 25
54.6%
Q2 25
54.1%
Q1 25
52.0%
Q4 24
-2613.4%
52.5%
Q3 24
-1065.0%
51.2%
Q2 24
-587.6%
54.0%
Q1 24
-289.4%
52.3%
Operating Margin
MARA
MARA
RVLV
RVLV
Q4 25
-11795.9%
6.3%
Q3 25
18.9%
7.1%
Q2 25
5.8%
Q1 25
-253.0%
5.0%
Q4 24
3.9%
Q3 24
-130.8%
5.0%
Q2 24
-160.1%
5.8%
Q1 24
3.4%
Net Margin
MARA
MARA
RVLV
RVLV
Q4 25
-14298.3%
5.7%
Q3 25
48.8%
7.2%
Q2 25
338.9%
3.3%
Q1 25
-249.4%
4.0%
Q4 24
5367.4%
4.2%
Q3 24
-94.8%
3.9%
Q2 24
-137.6%
5.4%
Q1 24
204.1%
4.0%
EPS (diluted)
MARA
MARA
RVLV
RVLV
Q4 25
$-4.25
$0.27
Q3 25
$0.27
$0.29
Q2 25
$1.84
$0.14
Q1 25
$-1.55
$0.16
Q4 24
$1.60
$0.18
Q3 24
$-0.42
$0.15
Q2 24
$-0.72
$0.21
Q1 24
$1.26
$0.15

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
RVLV
RVLV
Cash + ST InvestmentsLiquidity on hand
$547.1M
$292.3M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$512.5M
Total Assets
$7.3B
$765.0M
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
RVLV
RVLV
Q4 25
$547.1M
$292.3M
Q3 25
$826.4M
$315.4M
Q2 25
$109.5M
$310.7M
Q1 25
$196.2M
$300.8M
Q4 24
$391.8M
$256.6M
Q3 24
$164.3M
$252.8M
Q2 24
$256.0M
$244.7M
Q1 24
$324.3M
$273.4M
Total Debt
MARA
MARA
RVLV
RVLV
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
RVLV
RVLV
Q4 25
$3.5B
$512.5M
Q3 25
$5.2B
$490.2M
Q2 25
$4.8B
$468.6M
Q1 25
$3.7B
$453.4M
Q4 24
$4.1B
$437.8M
Q3 24
$2.9B
$420.8M
Q2 24
$2.6B
$405.8M
Q1 24
$2.5B
$389.9M
Total Assets
MARA
MARA
RVLV
RVLV
Q4 25
$7.3B
$765.0M
Q3 25
$9.2B
$751.3M
Q2 25
$7.7B
$722.9M
Q1 25
$6.4B
$713.9M
Q4 24
$6.8B
$665.5M
Q3 24
$3.6B
$670.9M
Q2 24
$3.1B
$657.8M
Q1 24
$3.0B
$650.0M
Debt / Equity
MARA
MARA
RVLV
RVLV
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
RVLV
RVLV
Operating Cash FlowLast quarter
$-802.7M
$-10.2M
Free Cash FlowOCF − Capex
$-1.2B
$-13.3M
FCF MarginFCF / Revenue
-598.0%
-4.1%
Capex IntensityCapex / Revenue
201.2%
1.0%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$48.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
RVLV
RVLV
Q4 25
$-802.7M
$-10.2M
Q3 25
$-199.0M
$11.8M
Q2 25
$-163.4M
$12.6M
Q1 25
$-215.5M
$45.1M
Q4 24
$-677.0M
$3.9M
Q3 24
$-160.1M
$9.1M
Q2 24
$-115.2M
$-24.7M
Q1 24
$-88.3M
$38.4M
Free Cash Flow
MARA
MARA
RVLV
RVLV
Q4 25
$-1.2B
$-13.3M
Q3 25
$-283.9M
$7.5M
Q2 25
$-282.4M
$10.4M
Q1 25
$-254.3M
$43.4M
Q4 24
$-927.8M
$2.1M
Q3 24
$-198.1M
$8.0M
Q2 24
$-132.4M
$-25.7M
Q1 24
$-97.4M
$36.7M
FCF Margin
MARA
MARA
RVLV
RVLV
Q4 25
-598.0%
-4.1%
Q3 25
-112.5%
2.5%
Q2 25
-118.4%
3.4%
Q1 25
-118.9%
14.6%
Q4 24
-432.8%
0.7%
Q3 24
-150.5%
2.8%
Q2 24
-91.2%
-9.1%
Q1 24
-59.0%
13.5%
Capex Intensity
MARA
MARA
RVLV
RVLV
Q4 25
201.2%
1.0%
Q3 25
33.6%
1.5%
Q2 25
49.9%
0.7%
Q1 25
18.2%
0.6%
Q4 24
117.0%
0.6%
Q3 24
28.9%
0.4%
Q2 24
11.9%
0.4%
Q1 24
5.5%
0.6%
Cash Conversion
MARA
MARA
RVLV
RVLV
Q4 25
-0.55×
Q3 25
-1.62×
0.56×
Q2 25
-0.20×
1.24×
Q1 25
3.82×
Q4 24
-1.28×
0.32×
Q3 24
0.83×
Q2 24
-1.60×
Q1 24
-0.26×
3.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MARA
MARA

Segment breakdown not available.

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

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