MARA Holdings (MARA) Free Cash Flow (2011 - 2026)

MARA Holdings' (MARA) quarterly Free Cash Flow came in at -$327.0 million in Q1 2026, down 28.57% year-on-year from -$457.8 million in Q1 2025, and up 15.98% quarter-over-quarter from -$389.2 million in Q4 2025.

MARA Holdings (MARA) Free Cash Flow (2011 - 2026) Analysis & Trends

MARA Holdings has disclosed Free Cash Flow across 16 years of filings, most recently posting -$327.0 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$327.0 million, down 28.57% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.3 billion (down 18.23% YoY), and the FY2025 annual result was -$1.2 billion, down 30.39% from the prior year.
  • Free Cash Flow came in at -$327.0 million for Q1 2026 at MARA Holdings, up from -$389.2 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$22.0 million in Q2 2022 to a low of -$499.9 million in Q4 2024.
  • The 5-year median for Free Cash Flow is -$114.0 million (2022), against an average of -$178.0 million.
  • Peak annual rise in Free Cash Flow reached 47.74% in 2022, while the deepest fall reached 502.51% in 2022.
  • MARA Holdings' Free Cash Flow stood at -$114.0 million in 2022, then advanced by 18.46% to -$93.0 million in 2023, then tumbled by 437.8% to -$499.9 million in 2024, then rose by 22.15% to -$389.2 million in 2025, then advanced by 15.98% to -$327.0 million in 2026.
  • The last three Free Cash Flow figures came in at -$327.0 million (Q1 2026), -$389.2 million (Q4 2025), and -$283.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -1.33 Mn
2 Morgan Stanley 331.35 Bn 197.82 Bn - -7.85 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - -32.43 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 7.20 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 2.03 Bn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 3.59 Bn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 124.64 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 103.58 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 11.72 Mn
10 MARA Holdings 5.24 Bn 4.80 Bn - -327.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -327.01 Mn
Mar 31, 2026 -327.01 Mn
Dec 31, 2025 -389.22 Mn
Dec 31, 2025 -389.22 Mn
Sep 30, 2025 -283.88 Mn
Sep 30, 2025 -283.88 Mn
Jun 30, 2025 -282.36 Mn
Jun 30, 2025 -282.36 Mn
Mar 31, 2025 -254.34 Mn
Mar 31, 2025 -254.34 Mn
Dec 31, 2024 -499.95 Mn
Dec 31, 2024 -499.95 Mn
Sep 30, 2024 -198.08 Mn
Sep 30, 2024 -198.08 Mn
Jun 30, 2024 -132.39 Mn
Jun 30, 2024 -132.39 Mn
Mar 31, 2024 -97.43 Mn
Mar 31, 2024 -97.43 Mn
Dec 31, 2023 -92.96 Mn
Dec 31, 2023 -92.96 Mn