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

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $132.6M, roughly 1.5× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -14298.3%, a 14315.4% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs -5.6%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.

MARA vs UE — Head-to-Head

Bigger by revenue
MARA
MARA
1.5× larger
MARA
$202.3M
$132.6M
UE
Growing faster (revenue YoY)
UE
UE
+17.9% gap
UE
12.2%
-5.6%
MARA
Higher net margin
UE
UE
14315.4% more per $
UE
17.1%
-14298.3%
MARA
Faster 2-yr revenue CAGR
UE
UE
Annualised
UE
11.6%
10.7%
MARA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MARA
MARA
UE
UE
Revenue
$202.3M
$132.6M
Net Profit
$-1.7B
$22.6M
Gross Margin
Operating Margin
-11795.9%
Net Margin
-14298.3%
17.1%
Revenue YoY
-5.6%
12.2%
Net Profit YoY
-423.5%
-6.7%
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
UE
UE
Q1 26
$132.6M
Q4 25
$202.3M
$119.6M
Q3 25
$252.4M
$120.1M
Q2 25
$238.5M
$114.1M
Q1 25
$213.9M
$118.2M
Q4 24
$214.4M
$116.4M
Q3 24
$131.6M
$112.4M
Q2 24
$145.1M
$106.5M
Net Profit
MARA
MARA
UE
UE
Q1 26
$22.6M
Q4 25
$-1.7B
$12.4M
Q3 25
$123.1M
$14.9M
Q2 25
$808.2M
$58.0M
Q1 25
$-533.4M
$8.2M
Q4 24
$528.5M
$30.1M
Q3 24
$-124.8M
$9.1M
Q2 24
$-199.7M
$30.8M
Gross Margin
MARA
MARA
UE
UE
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-2613.4%
Q3 24
-1065.0%
Q2 24
-587.6%
Operating Margin
MARA
MARA
UE
UE
Q1 26
Q4 25
-11795.9%
11.3%
Q3 25
18.9%
13.4%
Q2 25
53.9%
Q1 25
-253.0%
7.6%
Q4 24
27.6%
Q3 24
-130.8%
8.9%
Q2 24
-160.1%
30.6%
Net Margin
MARA
MARA
UE
UE
Q1 26
17.1%
Q4 25
-14298.3%
10.4%
Q3 25
48.8%
12.4%
Q2 25
338.9%
50.8%
Q1 25
-249.4%
6.9%
Q4 24
5367.4%
25.9%
Q3 24
-94.8%
8.1%
Q2 24
-137.6%
28.9%
EPS (diluted)
MARA
MARA
UE
UE
Q1 26
$0.18
Q4 25
$-4.25
$0.09
Q3 25
$0.27
$0.12
Q2 25
$1.84
$0.46
Q1 25
$-1.55
$0.07
Q4 24
$1.60
$0.25
Q3 24
$-0.42
$0.07
Q2 24
$-0.72
$0.26

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
UE
UE
Cash + ST InvestmentsLiquidity on hand
$547.1M
$50.0M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$1.4B
Total Assets
$7.3B
$3.4B
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
UE
UE
Q1 26
$50.0M
Q4 25
$547.1M
$48.9M
Q3 25
$826.4M
$77.8M
Q2 25
$109.5M
$53.0M
Q1 25
$196.2M
$48.0M
Q4 24
$391.8M
$41.4M
Q3 24
$164.3M
$67.9M
Q2 24
$256.0M
$78.6M
Total Debt
MARA
MARA
UE
UE
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
MARA
MARA
UE
UE
Q1 26
$1.4B
Q4 25
$3.5B
$1.4B
Q3 25
$5.2B
$1.4B
Q2 25
$4.8B
$1.4B
Q1 25
$3.7B
$1.4B
Q4 24
$4.1B
$1.4B
Q3 24
$2.9B
$1.3B
Q2 24
$2.6B
$1.3B
Total Assets
MARA
MARA
UE
UE
Q1 26
$3.4B
Q4 25
$7.3B
$3.3B
Q3 25
$9.2B
$3.3B
Q2 25
$7.7B
$3.3B
Q1 25
$6.4B
$3.3B
Q4 24
$6.8B
$3.3B
Q3 24
$3.6B
$3.2B
Q2 24
$3.1B
$3.2B
Debt / Equity
MARA
MARA
UE
UE
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
MARA
MARA
UE
UE
Operating Cash FlowLast quarter
$-802.7M
$39.1M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-598.0%
Capex IntensityCapex / Revenue
201.2%
1.5%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
UE
UE
Q1 26
$39.1M
Q4 25
$-802.7M
$182.7M
Q3 25
$-199.0M
$55.7M
Q2 25
$-163.4M
$43.5M
Q1 25
$-215.5M
$32.6M
Q4 24
$-677.0M
$153.2M
Q3 24
$-160.1M
$36.6M
Q2 24
$-115.2M
$41.2M
Free Cash Flow
MARA
MARA
UE
UE
Q1 26
Q4 25
$-1.2B
$81.8M
Q3 25
$-283.9M
$26.1M
Q2 25
$-282.4M
$19.6M
Q1 25
$-254.3M
$11.9M
Q4 24
$-927.8M
$42.5M
Q3 24
$-198.1M
$12.2M
Q2 24
$-132.4M
$19.9M
FCF Margin
MARA
MARA
UE
UE
Q1 26
Q4 25
-598.0%
68.4%
Q3 25
-112.5%
21.7%
Q2 25
-118.4%
17.2%
Q1 25
-118.9%
10.0%
Q4 24
-432.8%
36.6%
Q3 24
-150.5%
10.8%
Q2 24
-91.2%
18.6%
Capex Intensity
MARA
MARA
UE
UE
Q1 26
1.5%
Q4 25
201.2%
84.4%
Q3 25
33.6%
24.6%
Q2 25
49.9%
20.9%
Q1 25
18.2%
17.5%
Q4 24
117.0%
95.1%
Q3 24
28.9%
21.7%
Q2 24
11.9%
20.1%
Cash Conversion
MARA
MARA
UE
UE
Q1 26
1.73×
Q4 25
14.71×
Q3 25
-1.62×
3.73×
Q2 25
-0.20×
0.75×
Q1 25
3.97×
Q4 24
-1.28×
5.09×
Q3 24
4.03×
Q2 24
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MARA
MARA

Segment breakdown not available.

UE
UE

Rental revenue$124.2M94%
Other$8.4M6%

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