MARA Holdings (MARA) Cost of Revenue (2014 - 2024)
MARA Holdings' Cost of Revenue came in at $267.19 million for Q4 2024, up 82.9% from $146.07 million a year earlier and up 34.5% from the prior quarter.
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Analysis
MARA Holdings (MARA) Cost of Revenue (2014 - 2024) Analysis & Trends
For FY2024, MARA Holdings' Cost of Revenue was $815.75 million, up 102.5% from FY2023.
- Cost of Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 218.7% (FY2019 to FY2024).
- Going back by year, Cost of Revenue was $402.85 million in FY2023 (+166.0%), $151.42 million in FY2022 (+257.2%), $42.4 million in FY2021 (+513.1%) and $6.92 million in FY2020 (+178.6%).
- The Q4 2024 figure represents the highest quarterly Cost of Revenue in data going back to Q3 2014.
- Year-over-year, Cost of Revenue has increased for 20 consecutive quarters, with growth averaging 139.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in Cost of Revenue ranged from 48.5% (Q2 2020) to 997.0% (Q1 2022).
- Business Quant data shows MARA's Cost of Revenue at $198.66 million (Q3 2024), $181.7 million (Q2 2024) and $168.21 million (Q1 2024) in the three quarters before Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - | - |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn | 3.45 Bn |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - | - |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - | - |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn | 2.40 Bn |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn | 1.29 Bn |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn | 141.41 Mn |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn | 5.73 Mn |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn | 74.90 Mn |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 267.19 Mn |
| Sep 30, 2024 | 198.66 Mn |
| Jun 30, 2024 | 181.70 Mn |
| Mar 31, 2024 | 168.21 Mn |
| Dec 31, 2023 | 146.07 Mn |
| Sep 30, 2023 | 113.18 Mn |
| Jun 30, 2023 | 92.50 Mn |
| Mar 31, 2023 | 51.11 Mn |
| Dec 31, 2022 | 43.56 Mn |
| Sep 30, 2022 | 40.07 Mn |
| Jun 30, 2022 | 41.40 Mn |
| Mar 31, 2022 | 26.40 Mn |
| Dec 31, 2021 | 22.73 Mn |
| Sep 30, 2021 | 10.26 Mn |
| Jun 30, 2021 | 6.99 Mn |
| Mar 31, 2021 | 2.41 Mn |
| Dec 31, 2020 | 3.39 Mn |
| Sep 30, 2020 | 1.64 Mn |
| Jun 30, 2020 | 740,483.00 |
| Mar 31, 2020 | 1.15 Mn |
API Access
MARA Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MARA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();