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Other financials

Income statement

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Revenue$174.9M-26.7%
Gross profit-$52.8M
Operating income-$521.1M-177%
Net income-$611.3M-176%
EPS (diluted)-$1.60-187%

Balance sheet

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Cash & equivalents$433.3M+257%
Total debt$2.5B+7.4%
Total equity$1.7B-65.3%
Total assets$4.3B-43.7%

Cash flow

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Operating cash flow-$223.8M-36.9%
CapEx$14.8M-87.6%
Free cash flow-$238.5M+15.5%

Valuation

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Market cap$3.9B-31.6%
Enterprise value$5.93B-24.7%
P/S4.9×-2.3×

Profitability

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Gross margin-24.3%
Operating margin-366.3%-405pp
Net margin-430.2%-515pp
FCF margin-154%-0.6pp

Returns & leverage

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Return on equity-107.2%-126pp
Debt / equity1.5×+1.0×
Current ratio0.9×+0.4×

Where this comes from

Reported directly by Marathon Digital Holdings in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Marathon Digital Holdings’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001507605-26-000016
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash used in operating activities(247,489)(215,488)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors(629)(97,432)
Acquisition, net of cash acquired(196,774)(36,344)
Purchase of property and equipment(79,523)(38,856)
Proceeds from sale of property and equipment6123,472
Purchase of intangible assets(535)
Proceeds from sale of digital assets1,464,7788,675

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's acquisitions?
Marathon Digital Holdings (MARA) reported acquisitions of $196.77M in Q1 2026.
How has Marathon Digital Holdings's acquisitions changed year-over-year?
Marathon Digital Holdings's acquisitions increased by 441.4% year-over-year, from $36.34M to $196.77M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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