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

MARA Holdings has reported Operating Expenses for 16 years, with the latest figure at $1.2 billion in Q1 2026.

• Quarterly Operating Expenses rose 63.73% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.6 billion (up 99.47% YoY) and the FY2025 annual result came in at $2.1 billion, up 508.49% from the prior year.
• Operating Expenses slipped to $1.2 billion in Q1 2026 per MARA's latest filing, from $1.6 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $1.6 billion in Q4 2025 and troughed at -$441.3 million in Q2 2025.
• A 5-year average of $266.1 million and a median of $181.7 million in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 368.01% in 2023, then soared 8182.55% in 2024.
• Over 5 years, Operating Expenses stood at $395.8 million in 2022, then plunged by 42.27% to $228.5 million in 2023, then plunged by 155.42% to -$126.6 million in 2024, then surged by 1373.66% to $1.6 billion in 2025, then decreased by 23.36% to $1.2 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.2 billion, $1.6 billion, and $204.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.