Marathon Digital Holdings, Inc. (MARA) income statement
NASDAQ · Financial Services · Financial - Capital Markets · 266 employees · CEO Frederick G. Thiel
- Price
- $6.77 -5.51%
- Market cap
- $2.62B
- Enterprise value
- $4.66B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-03 EPS est. -$0.39
Marathon Digital Holdings, Inc. (MARA) reported revenue of $175M for Q2 '26 (-26.7% year on year), operating income of -$268M (-153.2% of revenue) and net income of -$610M. Over the last four quarters revenue was $804M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.8M | $157M | $165M | $145M | $132M | $214M | $214M | $238M | $252M | $202M | $175M | $175M | |
| Cost of revenue | $113M | $146M | $6.09M | $93.9M | $199M | $267M | $43.5M | $41.7M | $43.1M | $443M | $337M | $48.8M | |
| Gross profit | -$15.3M | $10.7M | $159M | $51.3M | -$67M | -$52.8M | $170M | $197M | $209M | -$241M | -$162M | $126M | |
| Research & development | $713K | $1.24M | $2.47M | $3.85M | $2.81M | $4.11M | $9.3M | $8.55M | $8.72M | $3.56M | $8.25M | $7.17M | |
| General & administrative | $19.4M | $39.3M | $68.9M | $57.1M | $63.7M | $77.9M | $85.9M | $92.9M | $85.3M | $85.8M | $86.9M | $115M | |
| Other operating expenses | $44.7M | -$1.24M | -$282M | $223M | $38.7M | -$476M | $616M | -$585M | $67.7M | $1.28M | -$8.59M | $272M | |
| Operating expenses | $64.8M | $39.3M | -$211M | $284M | $105M | -$394M | $711M | -$483M | $162M | $90.7M | $86.5M | $394M | |
| Operating income | -$80.2M | -$28.6M | $370M | -$232M | -$172M | $341M | -$541M | $680M | $47.6M | -$332M | -$249M | -$268M | |
| Interest income | $426K | $0 | $2.57M | $2.19M | $3.89M | $8.06M | $12M | $9.63M | $17.7M | $16.5M | $10.5M | $10.3M | |
| Interest expense | $2.54M | $1.21M | $1.26M | $1.37M | $2.34M | $8.03M | $9.94M | $12.8M | $12.8M | $12.8M | $10.7M | $6.26M | |
| Other non-operating income (gains on investments, FX ...) | -$82.4M | -$269M | -$6.78M | -$2.45M | -$615K | -$314M | $102M | -$350M | -$126M | $1.55B | $0 | $336M | |
| Total non-operating income | $79.8M | $268M | $5.52M | $1.08M | -$1.73M | $306M | -$112M | $337M | $113M | -$1.56B | -$1.04B | -$343M | |
| Income before tax | -$317K | $239M | $375M | -$231M | -$174M | $647M | -$653M | $1.02B | $161M | -$1.89B | -$1.29B | -$611M | |
| Income tax | $73K | $16.1M | $38.1M | -$31.7M | -$49.2M | $118M | -$119M | $209M | $37.7M | -$183M | -$30.9M | $580K | |
| Net income | -$390K | $223M | $337M | -$200M | -$125M | $529M | -$533M | $808M | $123M | -$1.71B | -$1.26B | -$610M | |
| EPS (basic) | $0.00 | $0.98 | $1.30 | -$0.72 | -$0.42 | $1.36 | -$1.55 | $2.29 | $0.33 | -$4.81 | -$3.31 | -$1.60 | |
| EPS (diluted) | $0.00 | $0.96 | $1.26 | -$0.72 | -$0.42 | $1.25 | -$1.55 | $1.84 | $0.27 | -$4.81 | -$3.31 | -$1.60 | |
| Shares (basic, weighted) | 180M | 227M | 259M | 279M | 295M | 389M | 344M | 353M | 372M | 355M | 380M | 382M | |
| Shares (diluted, weighted) | 190M | 233M | 268M | 279M | 295M | 420M | 344M | 441M | 470M | 355M | 380M | 382M | |
| Depreciation & amortization | $53.5M | $71M | $81.6M | $107M | $101M | $137M | $158M | $162M | $167M | $286M | $192M | $175M | |
| EBITDA | $55.8M | $312M | $458M | -$123M | -$70.3M | $792M | -$485M | $1.19B | $341M | -$1.59B | -$57.3M | -$430M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.6M | $520K | $1.56M | $1.19M | $4.36M | $159M | $118M | $388M | $656M | $907M | |
| Cost of revenue | $32M | $7.83M | $5.34M | $3.96M | $6.92M | $42.4M | $151M | $403M | $816M | $1.34B | |
| Gross profit | $4.63M | -$7.31M | -$3.77M | -$2.77M | -$2.56M | $117M | -$33.7M | -$15.3M | -$159M | -$433M | |
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $98K | $2.81M | $13.2M | $30.1M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $31K | $0 | $0 | $0 | $0 | |
| General & administrative | $3.92M | $4.17M | $3.23M | $1.02M | $6.4M | $174M | $82.8M | $95.2M | $272M | $350M | |
| Other operating expenses | $16.3M | $2.7M | $5.07M | $448K | $856K | $0 | $557M | -$334M | -$751M | $9.17M | |
| Operating expenses | $20.2M | $6.87M | $8.3M | $1.47M | $7.26M | $174M | $640M | -$236M | -$465M | $389M | |
| Operating income | -$15.6M | -$14.2M | -$12.1M | -$4.24M | -$9.82M | -$57.6M | -$674M | $221M | $306M | -$822M | |
| Interest income | $4.35K | $2.79K | $14.2K | $33.7K | $18.3K | $677K | $1.02M | $2.81M | $16.7M | $55.9M | |
| Interest expense | $3.14M | $4.87M | $2.37M | $51.9K | $21K | $1.57M | $15M | $10.4M | $13M | $48.4M | |
| Other non-operating income (gains on investments, FX ...) | -$1.41M | $12.4M | -$1.7M | -$774K | $607K | -$44.6M | $29.7M | -$67M | -$323M | $498M | |
| Total non-operating income | -$1.73M | -$17.3M | -$669K | $722K | -$628K | $43.1M | -$44.7M | $56.7M | $310M | -$546M | |
| Income before tax | -$17.3M | -$31.4M | -$12.7M | -$3.52M | -$10.4M | -$14.5M | -$718M | $278M | $617M | -$1.37B | |
| Income tax | $11.5M | -$104K | $69.1K | $0 | $2K | $22.6M | -$24.2M | $16.4M | $75.5M | -$56.4M | |
| Net income | -$28.7M | -$31.3M | -$12.8M | -$3.52M | -$10.4M | -$37.1M | -$694M | $261M | $541M | -$1.31B | |
| EPS (basic) | -$30.22 | -$19.22 | -$2.41 | -$0.61 | -$0.13 | -$0.37 | -$6.12 | $1.41 | $1.87 | -$3.69 | |
| EPS (diluted) | -$30.22 | -$19.22 | -$2.41 | -$0.61 | -$0.13 | -$0.37 | -$6.12 | $1.06 | $1.72 | -$3.69 | |
| Shares (basic, weighted) | 949K | 1.63M | 5.32M | 6.66M | 81.4M | 99.3M | 113M | 184M | 290M | 355M | |
| Shares (diluted, weighted) | 949K | 1.63M | 5.32M | 6.66M | 81.4M | 99.3M | 113M | 192M | 312M | 355M | |
| Depreciation & amortization | $7.46M | $1.85M | $2.07M | $1.08M | $3.06M | $14.9M | $78.7M | $180M | $427M | $773M | |
| EBITDA | -$6.71M | -$24.7M | -$8.3M | -$2.39M | -$7.36M | $1.95M | -$625M | $467M | $1.06B | -$547M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02