MARA - NASDAQ
Marathon Digital Holdings, Inc.
$13.96
+0.29%Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.
At a Glance
Live SnapshotMarathon Digital Holdings, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
Marathon Digital Holdings, Inc. Income Statement
MARA • NASDAQ
| Marathon Digital Holdings, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||
907.1M | 656.4M | 387.5M | 117.8M | 159.2M | 4.4M | 1.2M | 1.6M | 519.6K | 36.6M | 19M | 21.4M | 3.4M | 0.0 | 0.0 | |
GROSS PROFIT | |||||||||||||||
(1.3B) | (815.8M) | (402.9M) | (151.4M) | (42.4M) | (6.9M) | (4M) | (5.3M) | (7.8M) | (32M) | (22M) | (15.7M) | (957K) | (2.7M) | (0.0) | |
-432.9M | -159.4M | -15.3M | -33.7M | 116.8M | -2.6M | -2.8M | -3.8M | -7.3M | 4.6M | -3M | 5.7M | 2.5M | -2.7M | 0.0 | |
OPERATING INCOME | |||||||||||||||
(389.2M) | -465.5M | -236.3M | (639.9M) | (174.4M) | (7.3M) | (1.5M) | (8.3M) | (6.9M) | (20.2M) | (22.6M) | (11.9M) | (6.1M) | (2.9M) | (30.9K) | |
(349.9M) | (272.1M) | (95.2M) | (82.8M) | (174.4M) | (6.4M) | (1M) | (3.2M) | (4.2M) | (3.9M) | (6M) | (4.2M) | (5.1M) | (2.9M) | (30.9K) | |
(30.1M) | (13.2M) | (2.8M) | (98K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-822.2M | 306.1M | 220.9M | -673.5M | -57.6M | -9.8M | -4.2M | -12.1M | -14.2M | -15.6M | -25.7M | -6.2M | -3.7M | -5.5M | -30.9K | |
PRE-TAX INCOME | |||||||||||||||
(48.4M) | (13M) | (10.4M) | (15M) | (1.6M) | (21K) | (51.9K) | (2.4M) | (4.9M) | (3.1M) | (4.2M) | (543.3K) | (1.1K) | (153.0) | (0.0) | |
7.5M | 3.7M | -7.5M | -14M | -891.6K | -2.6K | -18.3K | -2.4M | -4.9M | -3.1M | -4.2M | -542.6K | 477.0 | 825.0 | 0.0 | |
(9.2M) | -750.8M | -334.3M | (557M) | (0.0) | (856K) | (447.8K) | (5.1M) | (2.7M) | (16.3M) | (16.6M) | (7.7M) | (1M) | (8.8K) | (0.0) | |
-546.1M | 310.4M | 56.7M | -44.7M | 43.1M | -628K | 722K | -668.9K | -17.3M | -1.7M | 584.1K | -588.6K | -38.3K | 13.3K | 0.0 | |
-1.4B | 616.5M | 277.6M | -718.3M | -14.5M | -10.4M | -3.5M | -12.7M | -31.4M | -17.3M | -25.1M | -6.8M | -3.7M | -5.5M | -30.9K | |
NET INCOME | |||||||||||||||
-56.4M | (75.5M) | (16.4M) | -24.2M | (22.6M) | (2K) | (0.0) | (69.1K) | -104K | (11.5M) | -8.2M | -4.9M | (0.0) | (0.0) | (0.0) | |
-1.3B | 541.3M | 261.2M | -694M | -37.1M | -10.4M | -3.5M | -12.8M | -31.3M | -28.7M | -16.9M | -1.9M | -3.5M | -6.9M | -30.9K |
SEC Filings
MARA - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | June 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 29, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 25, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 02, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 20, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 04, 2025 | 2025 |
Related Guides
Continue your MARA research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.