MARA Holdings (MARA) Operating Income (2011 - 2026)
MARA Holdings' (MARA) quarterly Operating Income came in at -$521.1 million in Q2 2026, down 176.65% year-over-year from $679.8 million in Q2 2025, and up 50.91% quarter-over-quarter from -$1.1 billion in Q1 2026.
Analysis
MARA Holdings (MARA) Operating Income (2011 - 2026) Analysis & Trends
MARA Holdings has disclosed Operating Income across 16 years of filings, most recently posting -$521.1 million for Q2 2026.
- In Q2 2026, Operating Income fell 176.65% year-over-year to -$521.1 million; the TTM figure through Jun 2026 stood at -$2.9 billion (down 1057.84% YoY), while the FY2025 annual figure was -$1.2 billion, down 499.94% from the prior year.
- Operating Income came in at -$521.1 million for Q2 2026 at MARA Holdings, up from -$1.1 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $679.8 million in Q2 2025 to a low of -$1.4 billion in Q4 2025.
- Average Operating Income over 5 years is -$141.3 million, with a median of -$32.1 million recorded in 2022.
- Year-over-year, Operating Income surged 45135.71% in 2023 and sank 3730.51% in 2024.
- Over 5 years, Operating Income stood at -$410925.0 in 2022, then surged by 45135.71% to $185.1 million in 2023, then jumped by 84.28% to $341.0 million in 2024, then tumbled by 513.62% to -$1.4 billion in 2025, then soared by 63.06% to -$521.1 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$521.1 million in Q2 2026, -$1.1 billion in Q1 2026, and -$1.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -620.38 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -206.33 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -239.43 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -521.07 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | -232.40 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -101.73 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -140.77 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -48.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -521.07 Mn |
| Mar 31, 2026 | -1.06 Bn |
| Dec 31, 2025 | -1.41 Bn |
| Sep 30, 2025 | 47.59 Mn |
| Jun 30, 2025 | 679.78 Mn |
| Mar 31, 2025 | -541.06 Mn |
| Dec 31, 2024 | 341.03 Mn |
| Sep 30, 2024 | -172.22 Mn |
| Jun 30, 2024 | -232.40 Mn |
| Mar 31, 2024 | 369.70 Mn |
| Dec 31, 2023 | 185.06 Mn |
| Sep 30, 2023 | -80.16 Mn |
| Jun 30, 2023 | -6.07 Mn |
| Mar 31, 2023 | 122.08 Mn |
| Dec 31, 2022 | -410,925.00 |
| Sep 30, 2022 | -44.03 Mn |
| Jun 30, 2022 | -198.15 Mn |
| Mar 31, 2022 | -20.22 Mn |
| Dec 31, 2021 | 36.11 Mn |
| Sep 30, 2021 | -22.44 Mn |