Coinbase vs MARA Holdings: Revenue Comparison

Coinbase (COIN) and MARA Holdings (MARA) are peers in Crypto. Coinbase reported revenue of $1.4B as of Q1 2026, compared with $175M for MARA Holdings. Coinbase leads on revenue.

Coinbase's gross margin is 69.7% versus -93.0% for MARA Holdings. Coinbase's net margin is -27.9% versus -721.4% for MARA Holdings.

Coinbase logo
Coinbase
MARA Holdings logo
MARA Holdings

Revenue Comparison

Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: Coinbase 1.413, MARA Holdings 0.175.

Latest Quarter Comparison

Table: Latest Quarter Comparison. 15 rows across Metric, Coinbase, MARA Holdings.
MetricCoinbaseMARA Holdings
Market Cap--
Revenue$1.41B$175.00M
Cost of Revenue$429.00M$337.00M
Gross Profit$984.00M$-162.00M
Operating Income$14.00M$-249.00M
Net Income$-394.00M$-1.26B
R&D Expense$526.00M$8.00M
Earnings Per Share-$1.49-$3.31
Gross Margin69.7%-93.0%
Operating Margin1.0%-142.5%
Net Profit Margin-27.9%-721.4%
Free Cash Flow$183.00M$-327.00M
Cumulative Free Cash Flow$21.86B$-3.42B
Operating Cash Flow$183.00M$-247.00M
Cash & Equivalents$10.21B$526.00M

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