MARA Holdings (MARA) EBITDA (2011 - 2026)
MARA Holdings' (MARA) quarterly EBITDA came in at -$874.9 million in Q1 2026, down 126.5% year-on-year from $3.3 billion in Q1 2025, and up 22.55% quarter-over-quarter from -$1.1 billion in Q4 2025.
MARA Holdings (MARA) EBITDA (2011 - 2026) Analysis & Trends
MARA Holdings has disclosed EBITDA across 16 years of filings, most recently posting -$874.9 million for Q1 2026.
- EBITDA for Q1 2026 came in at -$874.9 million, down 126.5% year-over-year; the trailing twelve-month figure through Mar 2026 was -$954.7 million (down 668.94% YoY), and the FY2025 annual result was -$466.0 million, down 165.66% from the prior year.
- EBITDA came in at -$874.9 million for Q1 2026 at MARA Holdings, up from -$1.1 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $838.7 million in Q2 2025 to a low of -$1.1 billion in Q4 2025.
- The 5-year median for EBITDA is -$2.8 million (2022), against an average of -$48.5 million.
- Peak annual rise in EBITDA reached 5081.33% in 2023, while the deepest fall reached 190328.57% in 2023.
- MARA Holdings' EBITDA stood at -$400.0 million in 2022, then surged by 163.99% to $256.0 million in 2023, then jumped by 86.68% to $477.8 million in 2024, then tumbled by 336.42% to -$1.1 billion in 2025, then gained by 22.55% to -$874.9 million in 2026.
- The last three EBITDA figures came in at -$874.9 million (Q1 2026), -$1.1 billion (Q4 2025), and $211.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -35.15 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 19.58 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 23.57 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 4.01 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 246.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 584.88 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 294.45 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 46.00 Mn |
| 10 | MARA Holdings | 5.24 Bn | 4.80 Bn | - | -874.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -874.90 Mn |
| Dec 31, 2025 | -1.13 Bn |
| Sep 30, 2025 | 211.19 Mn |
| Jun 30, 2025 | 838.68 Mn |
| Mar 31, 2025 | -386.26 Mn |
| Dec 31, 2024 | 477.83 Mn |
| Sep 30, 2024 | -71.12 Mn |
| Jun 30, 2024 | -144.60 Mn |
| Mar 31, 2024 | 447.70 Mn |
| Dec 31, 2023 | 255.96 Mn |
| Sep 30, 2023 | -26.66 Mn |
| Jun 30, 2023 | 31.23 Mn |
| Mar 31, 2023 | 139.78 Mn |
| Dec 31, 2022 | -400.01 Mn |
| Sep 30, 2022 | -14,000.00 |
| Jun 30, 2022 | -191.65 Mn |
| Mar 31, 2022 | -2.81 Mn |
| Dec 31, 2021 | -735,000.00 |
| Sep 30, 2021 | -22.17 Mn |
| Jun 30, 2021 | -108.89 Mn |