MARA Holdings (MARA) Operating Expenses (2011 - 2026)

MARA Holdings has disclosed Operating Expenses across 16 years of filings, most recently posting $281.7 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $281.7 million, up 12.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 644.28% YoY), and the FY2025 annual result was $1.1 billion, up 344.53% from the prior year.
• Operating Expenses came in at $281.7 million for Q1 2026 at MARA Holdings, down from $370.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $395.8 million in Q4 2022 to a low of -$393.8 million in Q4 2024.
• The 5-year median for Operating Expenses is $105.2 million (2024), against an average of $79.9 million.
• Across the five-year window, Operating Expenses slumped 368.01% in 2023 and jumped 4292.7% in 2024, its largest moves.
• MARA Holdings' Operating Expenses stood at $395.8 million in 2022, then tumbled by 144.06% to -$174.4 million in 2023, then tumbled by 125.86% to -$393.8 million in 2024, then jumped by 194.02% to $370.3 million in 2025, then fell by 23.92% to $281.7 million in 2026.
• The last three Operating Expenses figures came in at $281.7 million (Q1 2026), $370.3 million (Q4 2025), and $257.6 million (Q3 2025), per Business Quant data.