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| 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 |