It might be of some concern to shareholders to see the Marathon Digital Holdings, Inc. (MARA) share price down 11% in the last month. But over three years the performance has been really wonderful. Over that time, I've been excited to watch the share price climb an impressive 989%. So the recent fall doesn't do much to dampen our respect for the business. The thing to consider is whether there is still too much elation around the company's prospects. It really delights us to see such great share price performance for investors.

Since the long-term performance has been good but there's been a recent pullback of 4.2%, let's check if the fundamentals match the share price.

Given that Marathon Digital Holdings didn't make a profit in the last twelve months, I'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.

Over the last three years, Marathon Digital Holdings has grown its revenue by 77% annually. That's well above most pre-profit companies. And it's not just the revenue that is taking off. The share price is up 122% per year in that time.

Despite the strong run, top performers like Marathon Digital Holdings have been known to go on winning for decades. So I'd recommend you take a closer look at this one or even put it on your watchlist.

I consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. So it makes a lot of sense to check out what analysts think Marathon Digital Holdings will earn in the future (free profit forecasts).

A Different Perspective

While the broader market gained around 1.0% in the last year, Marathon Digital Holdings shareholders lost 13%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve-month period. Longer-term investors wouldn't be so upset, since they would have made 11%, each year, over five years. If the fundamental data continues to indicate long-term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance.