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

MARA Holdings (MARA) EV to EBITDA (2012 - 2026)

MARA Holdings' (MARA) quarterly EV to EBITDA came in at 14.05 in Q2 2026, down 312.18% year-over-year from 6.62 in Q2 2025, and down 361.66% quarter-over-quarter from 3.04 in Q1 2026.

Analysis

MARA Holdings (MARA) EV to EBITDA (2012 - 2026) Analysis & Trends

MARA Holdings has disclosed EV to EBITDA across 15 years of filings, most recently posting 14.05 for Q2 2026.

  • In Q2 2026, EV to EBITDA fell 312.18% year-over-year to 14.05; the TTM figure through Jun 2026 stood at 2.31 (down 135.67% YoY), while the FY2025 annual figure was 6.11, down 181.73% from the prior year.
  • EV to EBITDA came in at 14.05 for Q2 2026 at MARA Holdings, down from 3.04 in the prior quarter.
  • In the past five years, EV to EBITDA ranged from a high of 65.7 in Q2 2023 to a low of 442.47 in Q1 2022.
  • Average EV to EBITDA over 5 years is 28.1, with a median of 2.21 recorded in 2022.
  • Year-over-year, EV to EBITDA tumbled 386.69% in 2022 and surged 3569.25% in 2023.
  • Over 5 years, EV to EBITDA stood at 21.03 in 2022, then declined by 26.56% to 15.45 in 2023, then fell by 28.17% to 11.1 in 2024, then slumped by 122.7% to 2.52 in 2025, then slumped by 457.98% to 14.05 in 2026.
  • Per Business Quant data, the three most recent EV to EBITDA figures were 14.05 in Q2 2026, 3.04 in Q1 2026, and 2.52 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Bitmine Immersion Technologies 56.87 Bn 56.53 Bn 40.81 Mn
2 Iren 34.00 Bn 26.43 Bn 103.89 Mn
3 Hut 8 11.52 Bn 5.04 Bn 48.04 Mn
4 Riot Platforms 8.24 Bn 7.69 Bn 84.97 Mn
5 Argo Blockchain 6.43 Bn 6.43 Bn -
6 MARA Holdings 4.32 Bn 3.96 Bn -
7 Cleanspark 3.26 Bn 3.05 Bn -
8 Bitdeer Technologies 2.92 Bn 2.46 Bn -8.53 Mn
9 Keel Infrastructure 2.14 Bn 2.13 Bn -86.75 Mn
10 HIVE Digital Technologies 853.00 Mn 613.97 Mn -29.49 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -14.05
Mar 31, 2026 -3.04
Dec 31, 2025 -2.52
Sep 30, 2025 28.79
Jun 30, 2025 6.62
Mar 31, 2025 -9.75
Dec 31, 2024 11.10
Sep 30, 2024 -66.86
Jun 30, 2024 -37.45
Mar 31, 2024 12.75
Dec 31, 2023 15.45
Sep 30, 2023 -42.85
Jun 30, 2023 65.70
Mar 31, 2023 9.54
Dec 31, 2022 21.03
Sep 30, 2022 -55.82
Jun 30, 2022 -1.89
Mar 31, 2022 -442.47
Dec 31, 2021 70.03
Sep 30, 2021 -172.60