MARA
Marathon Digital Holdings, Inc.
There isn't enough reported data to score MARA yet.
SMR
NuScale Power Corporation
SMR lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
MARA Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
MARA's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like MARA.
SMR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SMR's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
MARA PE Valuation
MARA has no meaningful PE right now: it lost money over the past year.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
MARA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| -- | |
| Limited | |
| Low |
Analysts expect MARA's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
MARA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.88 | -465% |
| Q2 2026 | -$8.89 | -705% |
| Q1 2026 | -$5.45 | -$4.36 |
| Q4 2025 | -$3.69 | -315% |
| Q3 2025 | $2.16 | +148% |
| Q2 2025 | $1.47 | -10% |
| Q1 2025 | -$1.09 | -149% |
| Q4 2024 | $1.72 | +87% |
MARA has the edge over SMR on earnings, with more consistent year-over-year improvement.
SMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$2.14 |
| Q2 2026 | -$2.46 | -$1.27 |
| Q1 2026 | -$2.46 | -$1.09 |
| Q4 2025 | -$2.43 | -$0.96 |
| Q3 2025 | -$2.86 | -$1.91 |
| Q2 2025 | -$1.19 | -$0.16 |
| Q1 2025 | -$1.37 | -$0.52 |
| Q4 2024 | -$1.47 | -$0.67 |
SMR is still losing money, but far less than before: $0.72 per share over the past year, against $2.86 at its worst in late 2025.
MARA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $164.2M | -35% |
| Q2 2026 | $174.9M | -27% |
| Q1 2026 | $174.6M | -18% |
| Q4 2025 | $202.3M | -5.6% |
| Q3 2025 | $252.4M | +92% |
| Q2 2025 | $238.5M | +64% |
| Q1 2025 | $213.9M | +29% |
| Q4 2024 | $214.4M | +37% |
MARA's revenue has slid since its 2025 peak: $164M last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 108% | +89 points |
| Q2 2026 | -298% | -583 points |
| Q1 2026 | -608% | -355 points |
| Q4 2025 | -697% | -856 points |
| Q3 2025 | 19% | +150 points |
| Q2 2025 | 285% | +445 points |
| Q1 2025 | -253% | -477 points |
| Q4 2024 | 159% | +41 points |
MARA has the edge over SMR on profitability, with a higher operating margin.
SMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $281K | -97% |
| Q2 2026 | $75K | -99% |
| Q1 2026 | $565K | -96% |
| Q4 2025 | $1.8M | -95% |
| Q3 2025 | $8.2M | +1635% |
| Q2 2025 | $8.1M | +733% |
| Q1 2025 | $13.4M | +870% |
| Q4 2024 | $34.2M | +651% |
SMR has the edge over MARA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -23068% | -16535 points |
| Q2 2026 | -85337% | -84802 points |
| Q1 2026 | -10181% | -9917 points |
| Q4 2025 | -4022% | -3988 points |
| Q3 2025 | -6533% | +2103 points |
| Q2 2025 | -535% | +3796 points |
| Q1 2025 | -264% | +2925 points |
| Q4 2024 | -35% | +1524 points |
SMR's operating margin was −23068% last quarter, down 16535 points from the same quarter a year ago, near the bottom of its range since 2022.
MARA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$263.6M | +$20.3M |
| Q2 2026 | -$238.5M | +$43.8M |
| Q1 2026 | -$327M | -$72.7M |
| Q4 2025 | -$389.2M | +$110.7M |
| Q3 2025 | -$283.9M | -$85.8M |
| Q2 2025 | -$282.4M | -$150M |
| Q1 2025 | -$254.3M | -$156.9M |
| Q4 2024 | -$499.9M | -$407M |
MARA has the stronger cash trend. Its trailing FCF is down 146% versus its history, compared with SMR at down 161%.
SMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$58.6M | -$25.3M |
| Q1 2026 | -$316.2M | -$293.3M |
| Q4 2025 | -$204.1M | -$177.6M |
| Q2 2025 | -$33.3M | +$2.7M |
| Q1 2025 | -$22.9M | +$10.6M |
| Q4 2024 | -$26.5M | +$46.8M |
| Q3 2024 | -$12.7M | +$15M |
| Q2 2024 | -$36M | +$4.5M |
SMR has burned cash in almost every quarter: −$608M over the past year, against −$95M the year before.
MARA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +30% | +115M shares |
| 1 year | +13% | +55.5M shares |
| 3 years | +212% | +337M shares |
| 5 years | +416% | +400M shares |
MARA has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.7M |
| Q2 2026 | $7.7M |
| Q1 2026 | $7.5M |
| Q4 2025 | $3.7M |
| Q3 2025 | $7.7M |
| Q2 2025 | $15.2M |
| Q1 2025 | $20.4M |
| Q4 2024 | $5.9M |
MARA spent $33M buying back its own shares over the past year, down 34% from the year before.
SMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +45.9M shares |
| 1 year | +178% | +263M shares |
| 3 years | +448% | +336M shares |
SMR has 410M diluted shares, up 178% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
MARA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q4 2024 | 2.9x | Moderate |
| Q3 2024 | 0.9x | Very low |
| Q2 2024 | 0.1x | Very low |
| Q1 2024 | 0.0x | Very low |
| Q4 2023 | -0.1x | Net Cash |
| Q3 2023 | 2.6x | Moderate |
MARA's net debt is about 2.1 years of its operating earnings (EBITDA), up from less than a year a year ago. Net leverage isn't a meaningful measure for financial services companies like MARA.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
MARA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.4 | Neutral |
| Stochastic | 10.2 | Oversold |
MARA's weekly RSI is 38 (neutral) and its Stochastic is 10 (oversold).
SMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 8.6 | Oversold |
SMR's weekly RSI is 30 (oversold) and its Stochastic is 9 (oversold).
MARA PE vs Financial Services Sector
| Metric | MARA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
MARA has no meaningful PE right now: it lost money over the past year.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
MARA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.54 | 16% below |
| 20 week MA | $10.3 | 30% below |
| 50 week MA | $10.6 | 32% below |
| 100 week MA | $13.3 | 46% below |
| 200 week MA | $14.4 | 50% below |
MARA is in a downtrend: it's below all five of its weekly moving averages, and 50% below its 200-week average.
SMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.26 | 23% below |
| 20 week MA | $7.88 | 39% below |
| 50 week MA | $11.4 | 58% below |
| 100 week MA | $20.2 | 76% below |
| 200 week MA | $14.4 | 67% below |
SMR is in a downtrend: it's below all five of its weekly moving averages, and 67% below its 200-week average.
MARA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.90 | $10.9 | +1113% |
| 2021 | $10.9 | $38.1 | +249% |
| 2022 | $38.1 | $3.62 | -91% |
| 2023 | $3.62 | $23.5 | +549% |
| 2024 | $23.5 | $18.4 | -21% |
| 2025 | $18.4 | $9.59 | -48% |
| 2026 YTD | $9.59 | $7.20 | -25% |
MARA has the edge over SMR on returns for 2026, with the stronger performance.
SMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $10.3 | +1.2% |
| 2021 | $10.3 | $10.1 | -1.9% |
| 2022 | $10.1 | $10.1 | +0.5% |
| 2023 | $10.1 | $3.29 | -67% |
| 2024 | $3.29 | $19.5 | +493% |
| 2025 | $19.5 | $14.9 | -24% |
| 2026 YTD | $14.9 | $4.82 | -68% |
SMR's yearly returns have swung widely, from +493% in 2024 to −67% in 2023. It's down 68% so far in 2026.