MARA Holdings MARA
NASDAQ MARA
$11.98 +0.55 (+4.81%)
At close: Sep 11, 2026 · 4:00 PM EDT

MARA Holdings (MARA) Cost of Revenue (2014 - 2024)

MARA Holdings' (MARA) quarterly Cost of Revenue came in at $267.2 million in Q4 2024, up 82.92% year-over-year from $146.1 million in Q1 2024, and up 34.49% quarter-over-quarter from $198.7 million in Q3 2024.

Analysis

MARA Holdings (MARA) Cost of Revenue (2014 - 2024) Analysis & Trends

MARA Holdings has disclosed Cost of Revenue across 11 years of filings, most recently posting $267.2 million for Q4 2024.

  • In Q4 2024, Cost of Revenue rose 82.92% year-over-year to $267.2 million; the TTM figure through Dec 2024 stood at $815.8 million (up 102.49% YoY), while the FY2024 annual figure was $815.8 million, up 102.49% from the prior year.
  • Cost of Revenue came in at $267.2 million for Q4 2024 at MARA Holdings, up from $198.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $267.2 million in Q4 2024 to a low of $740483.0 in Q2 2020.
  • Average Cost of Revenue over 5 years is $70.9 million, with a median of $40.7 million recorded in 2022.
  • Year-over-year, Cost of Revenue jumped 48.52% in 2020 and soared 997.03% in 2022.
  • Over 5 years, Cost of Revenue stood at $3.4 million in 2020, then surged by 553.07% to $22.1 million in 2021, then surged by 97.05% to $43.6 million in 2022, then soared by 235.3% to $146.1 million in 2023, then soared by 82.92% to $267.2 million in 2024.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $267.2 million in Q4 2024, $198.7 million in Q3 2024, and $181.7 million in Q2 2024.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 5.73 Mn
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 33.34 Mn
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 26.89 Mn
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 89.26 Mn
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - -
7 Cleanspark 3.51 Bn 3.30 Bn - 85.48 Mn
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn 237.31 Mn
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn 117.18 Mn
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn 108.61 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2024 267.19 Mn
Sep 30, 2024 198.66 Mn
Jun 30, 2024 181.70 Mn
Mar 31, 2024 168.21 Mn
Dec 31, 2023 146.07 Mn
Sep 30, 2023 113.18 Mn
Jun 30, 2023 92.50 Mn
Mar 31, 2023 51.11 Mn
Dec 31, 2022 43.56 Mn
Sep 30, 2022 40.07 Mn
Jun 30, 2022 41.40 Mn
Mar 31, 2022 26.40 Mn
Dec 31, 2021 22.11 Mn
Sep 30, 2021 10.26 Mn
Jun 30, 2021 6.99 Mn
Mar 31, 2021 2.41 Mn
Dec 31, 2020 3.39 Mn
Sep 30, 2020 1.64 Mn
Jun 30, 2020 740,483.00
Mar 31, 2020 1.15 Mn