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

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $120.9M, roughly 1.7× Sprout Social, Inc.). On growth, Sprout Social, Inc. posted the faster year-over-year revenue change (12.9% vs -5.6%). Sprout Social, Inc. produced more free cash flow last quarter ($9.9M vs $-1.2B). Over the past eight quarters, Sprout Social, Inc.'s revenue compounded faster (11.8% 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.

Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.

MARA vs SPT — Head-to-Head

Bigger by revenue
MARA
MARA
1.7× larger
MARA
$202.3M
$120.9M
SPT
Growing faster (revenue YoY)
SPT
SPT
+18.5% gap
SPT
12.9%
-5.6%
MARA
More free cash flow
SPT
SPT
$1.2B more FCF
SPT
$9.9M
$-1.2B
MARA
Faster 2-yr revenue CAGR
SPT
SPT
Annualised
SPT
11.8%
10.7%
MARA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MARA
MARA
SPT
SPT
Revenue
$202.3M
$120.9M
Net Profit
$-1.7B
Gross Margin
77.6%
Operating Margin
-11795.9%
-9.0%
Net Margin
-14298.3%
Revenue YoY
-5.6%
12.9%
Net Profit YoY
-423.5%
EPS (diluted)
$-4.25
$-0.18

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
SPT
SPT
Q4 25
$202.3M
$120.9M
Q3 25
$252.4M
$115.6M
Q2 25
$238.5M
$111.8M
Q1 25
$213.9M
$109.3M
Q4 24
$214.4M
$107.1M
Q3 24
$131.6M
$102.6M
Q2 24
$145.1M
$99.4M
Q1 24
$165.2M
$96.8M
Net Profit
MARA
MARA
SPT
SPT
Q4 25
$-1.7B
Q3 25
$123.1M
$-9.4M
Q2 25
$808.2M
$-12.0M
Q1 25
$-533.4M
$-11.2M
Q4 24
$528.5M
Q3 24
$-124.8M
$-17.1M
Q2 24
$-199.7M
$-16.9M
Q1 24
$337.2M
$-13.6M
Gross Margin
MARA
MARA
SPT
SPT
Q4 25
77.6%
Q3 25
77.7%
Q2 25
77.7%
Q1 25
77.3%
Q4 24
-2613.4%
78.1%
Q3 24
-1065.0%
77.4%
Q2 24
-587.6%
77.5%
Q1 24
-289.4%
76.8%
Operating Margin
MARA
MARA
SPT
SPT
Q4 25
-11795.9%
-9.0%
Q3 25
18.9%
-7.9%
Q2 25
-11.0%
Q1 25
-253.0%
-10.2%
Q4 24
-12.8%
Q3 24
-130.8%
-16.4%
Q2 24
-160.1%
-16.6%
Q1 24
-13.7%
Net Margin
MARA
MARA
SPT
SPT
Q4 25
-14298.3%
Q3 25
48.8%
-8.1%
Q2 25
338.9%
-10.7%
Q1 25
-249.4%
-10.3%
Q4 24
5367.4%
Q3 24
-94.8%
-16.6%
Q2 24
-137.6%
-17.0%
Q1 24
204.1%
-14.0%
EPS (diluted)
MARA
MARA
SPT
SPT
Q4 25
$-4.25
$-0.18
Q3 25
$0.27
$-0.16
Q2 25
$1.84
$-0.21
Q1 25
$-1.55
$-0.19
Q4 24
$1.60
$-0.25
Q3 24
$-0.42
$-0.30
Q2 24
$-0.72
$-0.30
Q1 24
$1.26
$-0.24

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
SPT
SPT
Cash + ST InvestmentsLiquidity on hand
$547.1M
$95.3M
Total DebtLower is stronger
$3.6B
$40.0M
Stockholders' EquityBook value
$3.5B
$203.4M
Total Assets
$7.3B
$523.1M
Debt / EquityLower = less leverage
1.04×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
SPT
SPT
Q4 25
$547.1M
$95.3M
Q3 25
$826.4M
$90.6M
Q2 25
$109.5M
$101.5M
Q1 25
$196.2M
$100.9M
Q4 24
$391.8M
$86.4M
Q3 24
$164.3M
$82.9M
Q2 24
$256.0M
$80.9M
Q1 24
$324.3M
$69.2M
Total Debt
MARA
MARA
SPT
SPT
Q4 25
$3.6B
$40.0M
Q3 25
$3.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
$25.0M
Q3 24
$618.7M
Q2 24
Q1 24
Stockholders' Equity
MARA
MARA
SPT
SPT
Q4 25
$3.5B
$203.4M
Q3 25
$5.2B
$194.1M
Q2 25
$4.8B
$184.6M
Q1 25
$3.7B
$175.3M
Q4 24
$4.1B
$166.6M
Q3 24
$2.9B
$158.1M
Q2 24
$2.6B
$152.1M
Q1 24
$2.5B
$147.3M
Total Assets
MARA
MARA
SPT
SPT
Q4 25
$7.3B
$523.1M
Q3 25
$9.2B
$481.4M
Q2 25
$7.7B
$422.9M
Q1 25
$6.4B
$424.7M
Q4 24
$6.8B
$428.3M
Q3 24
$3.6B
$388.8M
Q2 24
$3.1B
$393.6M
Q1 24
$3.0B
$389.9M
Debt / Equity
MARA
MARA
SPT
SPT
Q4 25
1.04×
0.20×
Q3 25
0.63×
Q2 25
0.47×
Q1 25
0.62×
Q4 24
0.59×
0.15×
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
SPT
SPT
Operating Cash FlowLast quarter
$-802.7M
$10.9M
Free Cash FlowOCF − Capex
$-1.2B
$9.9M
FCF MarginFCF / Revenue
-598.0%
8.2%
Capex IntensityCapex / Revenue
201.2%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$39.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
SPT
SPT
Q4 25
$-802.7M
$10.9M
Q3 25
$-199.0M
$9.3M
Q2 25
$-163.4M
$5.1M
Q1 25
$-215.5M
$18.1M
Q4 24
$-677.0M
$4.1M
Q3 24
$-160.1M
$9.0M
Q2 24
$-115.2M
$2.1M
Q1 24
$-88.3M
$11.2M
Free Cash Flow
MARA
MARA
SPT
SPT
Q4 25
$-1.2B
$9.9M
Q3 25
$-283.9M
$8.5M
Q2 25
$-282.4M
$4.2M
Q1 25
$-254.3M
$16.7M
Q4 24
$-927.8M
$3.3M
Q3 24
$-198.1M
$8.5M
Q2 24
$-132.4M
$1.6M
Q1 24
$-97.4M
$10.1M
FCF Margin
MARA
MARA
SPT
SPT
Q4 25
-598.0%
8.2%
Q3 25
-112.5%
7.4%
Q2 25
-118.4%
3.7%
Q1 25
-118.9%
15.3%
Q4 24
-432.8%
3.0%
Q3 24
-150.5%
8.3%
Q2 24
-91.2%
1.6%
Q1 24
-59.0%
10.4%
Capex Intensity
MARA
MARA
SPT
SPT
Q4 25
201.2%
0.9%
Q3 25
33.6%
0.7%
Q2 25
49.9%
0.8%
Q1 25
18.2%
1.2%
Q4 24
117.0%
0.8%
Q3 24
28.9%
0.5%
Q2 24
11.9%
0.5%
Q1 24
5.5%
1.1%
Cash Conversion
MARA
MARA
SPT
SPT
Q4 25
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.

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