MARA
Marathon Digital Holdings, Inc.
NASDAQ · USFinancial ServicesFinancial - Capital Markets
$11.67+9.17%
Price as of Jul 20, 2026
MARA financials
Marathon Digital Holdings, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $907.1M | $656.4M | $387.5M | $117.8M |
| Cost of revenue | $1.3B | $815.8M | $402.9M | $151.4M |
| Gross profit | -$432.9M | -$159.4M | -$15.3M | -$33.7M |
| Operating expenses | $389.2M | -$465.5M | -$236.3M | $639.9M |
| Operating income | -$822.2M | $306.1M | $220.9M | -$673.5M |
| Net income | -$1.3B | $541.3M | $261.2M | -$694.0M |
| EBITDA | -$547.1M | $1.1B | $467.5M | -$624.6M |
| Basic EPS | $-3.69 | $1.87 | $1.41 | $-6.12 |
| Diluted EPS | $-3.69 | $1.72 | $1.06 | $-6.12 |
| Balance sheet | ||||
| Cash & equivalents | $547.1M | $391.8M | $357.3M | $103.7M |
| Total assets | $7.3B | $6.8B | $2.0B | $1.2B |
| Total liabilities | $3.8B | $2.7B | $375.1M | $809.3M |
| Stockholders’ equity | $3.5B | $4.1B | $1.6B | $385.9M |
| Total debt | $3.6B | $2.5B | $326.1M | $783.5M |
| Net debt | $3.1B | $2.1B | -$31.2M | $679.8M |
| Cash flow | ||||
| Operating cash flow | $94.7M | -$677.0M | -$315.7M | -$176.5M |
| Capital expenditure | -$407.1M | -$253.5M | -$27.6M | -$41.1M |
| Free cash flow | -$312.3M | -$930.5M | -$343.3M | -$217.6M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | -$46.9M | -$34.9M | -$15.8M | $0.00 |