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Riot Platforms vs Mara Holdings: RIOT and MARA compared
Riot Platforms is the larger company: $181M of revenue in its latest quarter (Q3 2026) against $175M for Mara Holdings (Q2 2026). Riot Platforms is growing faster (+0.7% against -27% a year earlier). Riot Platforms is more profitable, with an operating margin of 0.7% against -298.0%.
Where the money goes: RIOT and MARA
Riot Platforms (RIOT) · Q3 2026
Riot Platforms, Q3 2026: revenue $181M (+0.7% year over year), operating margin 0.7%, net earnings $4.0M, operating cash flow −$214M. The chart follows the revenue to costs, profit and cash.
Mara Holdings (MARA) · Q2 2026
Mara Holdings, Q2 2026: revenue $175M (-27% year over year), operating margin -298.0%, net loss $611M, operating cash flow −$224M. The chart follows the revenue to costs, profit and cash.
| Riot Platforms (RIOT) | Mara Holdings (MARA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $181M | $175M |
| Revenue growth, Y/Y | +0.7% | -27% |
| Operating margin | 0.7% | -298.0% |
| Net earnings | $4.0M | −$611M |
| Net margin | 2.2% | -349.6% |
| Operating cash flow | −$214M | −$224M |
| Market value | $6.2B | $2.9B |
| Analysts’ mean target | $28.34 | $17.69 |
Where the revenue comes from
Riot Platforms
- Bitcoin Mining: $116M (64%)
- Engineering: $47.0M (26%)
- Data Center: $18.4M (10%)
Questions
Which is bigger, Riot Platforms or Mara Holdings?
Riot Platforms is the larger company: $181M of revenue in its latest quarter (Q3 2026) against $175M for Mara Holdings (Q2 2026).
Is Riot Platforms or Mara Holdings growing faster?
Riot Platforms is growing faster (+0.7% against -27% a year earlier).
Which is more profitable, Riot Platforms or Mara Holdings?
Riot Platforms is more profitable, with an operating margin of 0.7% against -298.0%.
More: Riot Platforms earnings · how Riot Platforms makes money · Mara Holdings earnings · how Mara Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.