MARA Holdings, Inc. Common Stock (MARA) Financials
Key financial figures for MARA Holdings, Inc. Common Stock (Q2 2026).
MARA reported a Q2 2026 GAAP net loss of $611.3 million driven by a bitcoin mark-to-market swing, while energized hashrate grew 22% year over year to 70.3 EH/s and bitcoin production rose 8% sequentially to 2,422 BTC. Revenue fell 27% year over year to $174.9 million, reflecting a 28% decline in bitcoin's average price versus Q2 2025 that offset higher production. GAAP net loss was $611.3 million (diluted EPS -$1.60), reversing a $808.2 million profit in Q2 2025; the swing was primarily a $343.0 million unrealized bitcoin mark-to-market loss, not an operating result. Adjusted EBITDA was -$360.9 million versus $1.2 billion a year ago, also dominated by the same fair-value remeasurement. Energized hashrate rose 22% year over year to 70.3 EH/s but declined 3% sequentially from 72.2 EH/s in Q1 2026. Figures are for Q2 2026, as MARA Holdings Inc. reported them.
- Revenue
- $175M
- Net Income
- -$611M
- EPS
- $-1.60
- Total Assets
- $4.3B
- Operating Cash Flow
- -$224M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $175M | -$610M | -$1.60 | -153.24% | -$566M |
| Q1 FY2026 | $175M | -$1.3B | -$3.31 | -142.53% | -$327M |
| Q4 FY2025 | $202M | -$1.7B | -$4.81 | -164.01% | -$389M |
| Q3 FY2025 | $252M | $123M | $0.27 | 18.85% | -$284M |
| Q2 FY2025 | $238M | $808M | $1.84 | 285.04% | -$282M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $907M | -$1.3B | -$3.69 | -90.64% | -$312M |
| FY2024 | $656M | $541M | $1.72 | 46.64% | -$930M |
| FY2023 | $388M | $261M | $1.06 | 57.01% | -$343M |
Frequently asked questions
What was MARA Holdings Inc.'s revenue last quarter?
MARA Holdings Inc. reported revenue of $174.9 million for Q2 FY2026, down 26.7% from the same period a year earlier.
Is MARA Holdings Inc. profitable?
Not in its most recent reported period. MARA Holdings Inc. reported a net loss of $609.7 million for Q2 FY2026, a net margin of -348.63% on revenue.
How has MARA Holdings Inc.'s margin trended?
Operating margin was -153.24% in Q2 FY2026, compared with 285.04% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did MARA Holdings Inc. generate?
MARA Holdings Inc. generated free cash flow of -$565.6 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for MARA Holdings, Inc. Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.