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
DateValue
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