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Marathon Digital Holdings MARA Q1 2026 earnings

Reported May 11, 2026 · After market close

Revenue$174.6MMiss by $7.3M
EPS-$0.61Miss by $0.15
Revenue estimate$181.9M
EPS estimate-$0.46

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$209.4M
EPS estimate$0.17

Financials

Q1 2026

Income statement

See full
Revenue$174.6M-18.4%
Operating income-$1.1B-96.2%
Net income-$1.3B-137%
EPS (diluted)-$3.31-114%

Balance sheet

See full
Cash & equivalents$525.7M+152%
Total debt$2.5B+5.4%
Total equity$2.2B-40.1%
Total assets$4.9B-23.2%

Cash flow

See full
Operating cash flow-$247.5M-14.9%
CapEx$79.5M+105%
Free cash flow-$327.0M-28.6%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$4.49B-25.7%
Enterprise value$6.43B-21.8%
P/S5.2×-2.4×

Profitability

See full
Operating margin-201%-785pp
Net margin-235.1%-313pp
FCF margin-147.8%-5.6pp

Returns & leverage

See full
Return on equity-68.5%-83.9pp
Debt / equity1.1×+0.5×
Current ratio1.8×+1.1×

Segments

By product

See full
Mining participant$15.3M+42.0%
Hosting Services$1.1M-5.7%
Mining operator - transaction fees$1.0M-63.8%

Versus estimates

Revenue

Q1 2026$174.6MMiss by $7.3M
Q4 2025$202.3MMiss by $49.9MQ3 2025$252.4MBeat by $938.7KQ2 2025$238.5MMiss by $16.7MQ1 2025$213.9MBeat by $2.8MQ4 2024$214.4MBeat by $30.5M

Diluted EPS

Q1 2026-$0.61Miss by $0.15
Q4 2025-$0.46Miss by $0.23Q3 2025-$0.32Miss by $0.06Q2 2025-$0.81Miss by $0.28Q1 2025-$0.40Miss by $0.06Q4 2024$1.24Beat by $1.56

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Questions, answered.

When did Marathon Digital Holdings report Q1 2026 earnings?
Marathon Digital Holdings (MARA) reported Q1 2026 earnings on May 11, 2026 after market close.
What were Marathon Digital Holdings's Q1 2026 revenue and EPS?
Marathon Digital Holdings reported revenue of $174.6M and eps of $-0.61 for Q1 2026.
Did Marathon Digital Holdings beat estimates in Q1 2026?
Revenue missed the consensus estimate of $181.9M by $7.3M. EPS missed the consensus estimate of $-0.46 by $0.15.
How did Marathon Digital Holdings's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 18.4% from $213.9M a year earlier and eps declined 52.5% from $-0.40.
Where can I find Marathon Digital Holdings's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001507605-26-000014) and the 10-Q periodic report (0001507605-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.