MARA Holdings, Inc.MARAEarnings & Financial Report
MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.
Revenue
$145.1M
Gross Profit
$-155.3M
Operating Profit
$-232.4M
Net Profit
$-199.7M
Gross Margin
-587.6%
Operating Margin
-160.1%
Net Margin
-137.6%
YoY Growth
77.5%
EPS
$-0.72
MARA Holdings, Inc. Q2 FY2024 Financial Summary
MARA Holdings, Inc. reported revenue of $145.1M (up 77.5% YoY) for Q2 FY2024, with a net profit of $-199.7M (down 2127.8% YoY) (-137.6% margin). Cost of goods sold was $300.4M, operating expenses totaled $77.1M.
Key Financial Metrics
| Total Revenue | $145.1M |
|---|---|
| Net Profit | $-199.7M |
| Gross Margin | -587.6% |
| Operating Margin | -160.1% |
| Report Period | Q2 FY2024 |
MARA Holdings, Inc. Annual Revenue by Year
MARA Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $907.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $907.1M |
| 2024 | $656.4M |
| 2022 | $9.9M |
MARA Holdings, Inc. Quarterly Revenue & Net Profit History
MARA Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $202.3M | -5.6% | $-1.7B | -14298.3% |
| Q3 FY2025 | $252.4M | +91.7% | $123.1M | 48.8% |
| Q2 FY2025 | $238.5M | +64.3% | $808.2M | 338.9% |
| Q1 FY2025 | $213.9M | +29.5% | $-533.4M | -249.4% |
| Q4 FY2024 | $214.4M | +36.8% | $528.5M | 5367.4% |
| Q3 FY2024 | $131.6M | +34.5% | $-124.8M | -94.8% |
| Q2 FY2024 | $145.1M | +77.5% | $-199.7M | -137.6% |
| Q1 FY2024 | $165.2M | +223.1% | $337.2M | 204.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.2M | $145.1M | $131.6M | $214.4M | $213.9M | $238.5M | $252.4M | $202.3M |
| YoY Growth | 223.1% | 77.5% | 34.5% | 36.8% | 29.5% | 64.3% | 91.7% | -5.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.96B | $3.12B | $3.58B | $6.80B | $6.44B | $7.72B | $9.15B | $7.29B |
| Liabilities | $480.1M | $474.5M | $724.6M | $2.67B | $2.72B | $2.93B | $4.00B | $3.82B |
| Equity | $2.48B | $2.64B | $2.86B | $4.13B | $3.72B | $4.79B | $5.16B | $3.47B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-88.3M | $-115.2M | $-160.1M | $-677.0M | $-215.5M | $-163.4M | $-199.0M | $-802.7M |