MARA Holdings MARA
NASDAQ MARA
$11.31 -0.29 (-2.50%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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