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Marathon Digital Holdings MARA Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$213.9MBeat by $2.8M
EPS-$0.40Miss by $0.06
Revenue estimate$211.1M
EPS estimate-$0.34

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$181.3M
EPS estimate-$0.10

Financials

Q1 2025

Income statement

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Revenue$213.9M+29.5%
Operating income-$541.1M-246%
Net income-$533.4M-258%
EPS (diluted)-$1.55-223%

Balance sheet

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Cash & equivalents$208.2M-35.8%
Total debt$2.3B+596%
Total equity$3.7B+50.4%
Total assets$6.4B+118%

Cash flow

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Operating cash flow-$215.5M-144%
CapEx$38.9M+328%
Free cash flow-$254.3M-161%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3.98B-34.2%
Enterprise value$6.11B+0.8%
P/S5.6×-6.4×

Profitability

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Operating margin-85.8%-179pp
Net margin-46.7%-142pp
FCF margin-153.9%-628pp

Returns & leverage

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Return on equity-10.6%-42.4pp
Debt / equity0.6×+0.5×
Current ratio0.8×-22.3×

Segments

By product

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Mining participant$10.8M-19.7%
Mining operator - transaction fees$2.8M-69.0%
Hosting services$1.2M-94.5%

FAQ

When did Marathon Digital Holdings report Q1 2025 earnings?
Marathon Digital Holdings (MARA) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Marathon Digital Holdings's Q1 2025 revenue and EPS?
Marathon Digital Holdings reported revenue of $213.9M and eps of $-0.40 for Q1 2025.
Did Marathon Digital Holdings beat estimates in Q1 2025?
Revenue beat the consensus estimate of $211.1M by $2.8M. EPS missed the consensus estimate of $-0.34 by $0.06.
How did Marathon Digital Holdings's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 29.5% from $165.2M a year earlier and eps declined 566.7% from $-0.06.
Where can I find Marathon Digital Holdings's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001641172-25-009348) and the 10-Q periodic report (0001507605-25-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.