MARA Holdings (MARA) Operating Margin (2014 - 2026)
MARA Holdings' (MARA) quarterly Operating Margin came in at 297.96% in Q2 2026, down 58300.0% year-over-year from N/an in Q2 2025, and up 50.99% quarter-over-quarter from 607.91% in Q1 2026.
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MARA Holdings (MARA) Operating Margin (2014 - 2026) Analysis & Trends
MARA Holdings has disclosed Operating Margin across 13 years of filings, most recently posting 297.96% for Q2 2026.
- In Q2 2026, Operating Margin fell 58300.0% year-over-year to 297.96%; the TTM figure through Jun 2026 stood at 366.26% (down 40478.0% YoY), while the FY2025 annual figure was 134.96%, down 18160.0% from the prior year.
- Operating Margin came in at 297.96% for Q2 2026 at MARA Holdings, up from 607.91% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 285.04% in Q2 2025 to a low of 795.05% in Q2 2022.
- Average Operating Margin over 5 years is 131.96%, with a median of 60.5% recorded in 2023.
- Year-over-year, Operating Margin soared 78763 bps in 2023 and tumbled 85628 bps in 2025.
- Over 5 years, Operating Margin stood at 1.45% in 2022, then soared by 8264 bps to 118.05% in 2023, then jumped by 35 bps to 159.07% in 2024, then sank by 538 bps to 697.21% in 2025, then soared by 57 bps to 297.96% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 297.96% in Q2 2026, 607.91% in Q1 2026, and 697.21% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -137.42% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -297.96% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -44.47% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -462.62% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -61.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -297.96% |
| Mar 31, 2026 | -607.91% |
| Dec 31, 2025 | -697.21% |
| Sep 30, 2025 | 18.85% |
| Jun 30, 2025 | 285.04% |
| Mar 31, 2025 | -252.97% |
| Dec 31, 2024 | 159.07% |
| Sep 30, 2024 | -130.82% |
| Jun 30, 2024 | -160.12% |
| Mar 31, 2024 | 223.79% |
| Dec 31, 2023 | 118.05% |
| Sep 30, 2023 | -81.92% |
| Jun 30, 2023 | -7.42% |
| Mar 31, 2023 | 238.75% |
| Dec 31, 2022 | -1.45% |
| Sep 30, 2022 | -346.93% |
| Jun 30, 2022 | -795.05% |
| Mar 31, 2022 | -39.09% |
| Dec 31, 2021 | 52.82% |
| Sep 30, 2021 | -43.39% |