MARA Holdings financials
$11.99−0.99%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174.9M | $174.6M | $202.3M | $252.4M | $238.5M | $213.9M | $214.4M | $131.6M | $145.1M | $165.2M | $156.8M | $97.8M |
| Gross profit | $57.0M | $59.8M | -$236.7M | $209.3M | $127.7M | $102.2M | -$145.7M | $104.7M | $65.0M | $89.5M | $10.7M | -$15.3M |
| Gross margin | 32.6% | 34.3% | −117.0% | 82.9% | 53.6% | 47.8% | −68.0% | 79.5% | 44.8% | 54.2% | 6.8% | −15.7% |
| Operating income | -$519.3M | -$1.02B | -$1.15B | $47.6M | $659.5M | -$567.9M | -$470.7M | -$172.2M | -$270.6M | -$81.8M | -$28.6M | -$35.5M |
| Net income | -$609.7M | -$1.26B | -$1.71B | $123.1M | $808.2M | -$533.2M | $528.5M | -$124.8M | -$199.7M | $337.2M | $151.8M | -$390.0K |
| Net margin | −348.6% | −721.4% | −845.0% | 48.8% | 338.9% | −249.3% | 246.5% | −94.8% | −137.6% | 204.1% | 96.8% | −0.4% |
| Diluted EPS | $-1.60 | $-3.31 | $-10.33 | $0.27 | $1.84 | $-1.55 | $1.30 | $-0.42 | $-0.72 | $1.26 | $0.61 | $-0.34 |
| EBITDA | -$93.3M | -$68.3M | -$83.7M | $1.6M | $1.4M | -$15.8M | $77.8M | -$101.8M | -$9.5M | -$152.0K | -$28.6M | $18.1M |
| Operating cash flow | -$223.8M | -$247.5M | -$224.7M | -$199.0M | -$163.4M | -$215.5M | -$313.4M | -$160.1M | -$115.2M | -$88.3M | -$91.2M | -$81.6M |
| Free cash flow | -$238.5M | -$327.0M | -$389.2M | -$283.9M | -$282.4M | -$254.3M | -$499.9M | -$198.1M | -$132.4M | -$97.4M | -$93.0M | -$84.1M |
| Diluted shares | 381.6M | 380.2M | 165.5M | 470.1M | 440.9M | 344.1M | 405.8M | 294.9M | 278.7M | 267.9M | 248.0M | 183.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $421.3M | $513.7M | $547.1M | $826.4M | $109.5M | $196.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.42B | $2.42B | $3.60B | $3.60B | $2.60B | $2.60B |
| Total assets | $4.35B | $4.95B | $7.29B | $9.15B | $7.72B | $6.44B |
| Total liabilities | $2.59B | $2.62B | $3.81B | $3.98B | $2.93B | $2.72B |
| Shareholders' equity | $1.68B | $2.25B | $3.48B | $5.18B | $4.80B | $3.73B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology