MARA Holdings (MARA) EBITDA (2011 - 2026)
MARA Holdings' (MARA) quarterly EBITDA came in at -$352.1 million in Q2 2026, down 141.98% year-over-year from $838.7 million in Q2 2025, and up 59.76% quarter-over-quarter from -$874.9 million in Q1 2026.
Analysis
MARA Holdings (MARA) EBITDA (2011 - 2026) Analysis & Trends
MARA Holdings has disclosed EBITDA across 16 years of filings, most recently posting -$352.1 million for Q2 2026.
- In Q2 2026, EBITDA fell 141.98% year-over-year to -$352.1 million; the TTM figure through Jun 2026 stood at -$2.1 billion (down 349.72% YoY), while the FY2025 annual figure was -$466.0 million, down 165.66% from the prior year.
- EBITDA came in at -$352.1 million for Q2 2026 at MARA Holdings, up from -$874.9 million 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.
- Average EBITDA over 5 years is -$42.6 million, with a median of -$12.0 million recorded in 2022.
- Year-over-year, EBITDA surged 2305.02% in 2023 and slumped 562.96% in 2024.
- Over 5 years, EBITDA stood at $13.4 million in 2022, then jumped by 1809.16% to $256.0 million in 2023, then jumped by 86.68% to $477.8 million in 2024, then sank by 336.42% to -$1.1 billion in 2025, then jumped by 68.83% to -$352.1 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were -$352.1 million in Q2 2026, -$874.9 million in Q1 2026, and -$1.1 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | -620.38 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | -206.33 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | -142.83 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | -352.07 Mn |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | -132.55 Mn |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | 31.11 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | -140.77 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | 5.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -352.07 Mn |
| 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 | 13.41 Mn |
| Sep 30, 2022 | -17.73 Mn |
| Jun 30, 2022 | -173.44 Mn |
| Mar 31, 2022 | -6.34 Mn |
| Dec 31, 2021 | 43.01 Mn |
| Sep 30, 2021 | -18.14 Mn |