MARA Holdings (MARA) EBITDA (2011 - 2026)

MARA Holdings (MARA) posted EBITDA of -$874.9 million for Q1 2026, up 22.55% sequentially from -$1.1 billion in Q4 2025, and down 126.5% YoY from $3.3 billion in Q1 2025.

MARA Holdings (MARA) EBITDA (2011 - 2026) Analysis & Trends

MARA Holdings (MARA) has 16 years of EBITDA data on file, last reported at -$874.9 million in Q1 2026.

  • Quarterly EBITDA fell 126.5% year-over-year to -$874.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$954.7 million (down 668.94% YoY) and the FY2025 annual result came in at -$466.0 million, down 165.66% from the prior year.
  • EBITDA improved to -$874.9 million in Q1 2026 per MARA's latest filing, from -$1.1 billion in the prior quarter.
  • The five-year high for EBITDA was $838.7 million in Q2 2025, with the low at -$1.1 billion in Q4 2025.
  • Average EBITDA over 5 years is -$48.5 million, with a median of -$2.8 million recorded in 2022.
  • The widest YoY moves for EBITDA: up 5081.33% in 2023, down 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 plunged by 336.42% to -$1.1 billion in 2025, then grew by 22.55% to -$874.9 million in 2026.
  • Business Quant data shows MARA's EBITDA at -$874.9 million in Q1 2026, -$1.1 billion in Q4 2025, and $211.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 23.57 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 4.01 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 441.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 304.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 584.88 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 294.45 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 46.00 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.94 Mn
10 MARA Holdings 5.08 Bn 4.65 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